The Best Practices Mineral Potential Index gauges how conducive a region’s geology is to attracting exploration investment. Queensland’s mineral potential score declined from 77.4 to 61.4 in 2024, resulting in a steep fall in ranking from 12th to 29th globally. Queensland ranks third among Australian jurisdictions on this measure, behind Western Australia (13th), and Northern Territory (28th). These results are disappointing for Queensland and Australia more broadly.
The sharp decline in Queensland’s global standing and the absence of any Australian jurisdiction in the top 10 signal a concerning erosion of investor confidence in our policy environment and geological competitiveness. It is imperative that government’s take action to restore their reputation, by addressing regulatory uncertainty, streamlining approvals, and reaffirming their commitment to supporting exploration and mining investment.
CHART 4.3 FRASER INSTITUTE ANNUAL SURVEY OF MINING COMPANIES 2009-24 Fraser Insitute Annual Survey of Mining Companies: 2009 to 2024
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Policy perception index
Minerals best practice index
Investment attractiveness Index
EXPLORATION SCORECARD 2025
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