Lag Indicators – Exploration success
2019 2020
2021 2022 2023 2024 2025
Mineral and Coal exploration (Section 6) • In 2024-25 Queensland’s mineral exploration expenditure (including coal) was $505.8 million, decreasing 15.8% from 2023-24. • 231 exploration permits for minerals (EPMs) and one exploration permit for coal (EPC) were granted in the 12 months to June 2025 (in 2023-24 there were 217 EPMs and 1 EPC). • Queensland’s greenfield share of minerals (including coal) exploration declined to 21%, the lowest on record over the past 15 years. Petroleum exploration (Section 6) • There were 9 new exploration areas released for tender and four granted in 2024-25. • In 2024-25 Queensland petroleum exploration expenditure decreased 12% from 2023-24. Market capitalisation movements (Section 7) • Deloitte Queensland Index, which is comprised of around 149 ASX-listed Queensland companies, recorded a decline steeper than the broader ASX200. • The Energy, Metals & Mining index (XJR) has experienced a decline dropping below the Deloitte Queensland Index for the first time since 2021.
EXPLORATION SCORECARD 2025
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