Contents
Foreword – Welcome to the 15th annual QEC Exploration Scorecard....................................................2
Putting the Scorecard in context – From the Scorecard Working Group Chair.......................................4
1. Scorecard summary – How did Queensland exploration perform in 2024-25?.........................................7
Lead Indicators – Sentiment towards future exploration 2. Resource prospectivity – Queensland’s world-class geology continues to shine.............................10
3. Commodity prices and exploration – a significant driver of exploration activity in Queensland ...13
4. Industry confidence – measuring industry perceptions
4.1 Geoscientific funding – public funding for pre-competitive geoscientific data . ........................ 16
4.2 Regulatory and policy stability – what regulatory changes have affected exploration? ......... 19
4.3 Fraser Institute ranking – how is Queensland seen internationally?..............................................22
4.4 Measurement of operating sentiment – how do Queensland explorers see the outlook?..........24
4.5 Queensland drilling industry sentiment – a second opinion on the health of the industry........38
5. Tenure coverage – how much land was pegged this year?...............................................................40
Lag Indicators – Exploration success breeds future resources success 6. Exploration expenditure – how much was invested in exploration this year? ................................... 44 7. Market capitalisation movements – how have capital markets valued Queensland exploration? ........................................................................................................................46
EXPLORATION SCORECARD 2025
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