In contrast, the S&P/ASX All Ordinaries Index recorded a smaller year-on-year decline of 1.2%, reflecting a significantly lower weighting to Energy and Resources and Technology, Media and Telecommunications sectors than the Deloitte Queensland Index. The Deloitte Queensland Energy & Resources Index (comprises 68 companies) has historically been more volatile than the broader indices, and in the period of December 2024 to June 2025 its total market cap fell from $20.3 to $18.4 billion. This is driven by sensitivity of the state’s resources sector to global price movements, particularly coal, international trade dynamics and local policy settings. Since the announcement of the Queensland Coal Royalty regime, at the peak of performance, this index has steadily declined. The S&P/ASX 200 Resources (XJR) index which contains all companies in the S&P/ASX 200 that are classified as a member of the Energy sector or Metals & Mining Industry has experienced a decline dropping below the Deloitte Queensland Index for the first time since 2021.
EXPLORATION SCORECARD 2025
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