MEMBERS OF THE QEC SCORECARD WORKING GROUP 2025 Euan Morton (Working Group Chair)
Synergies Economic Consulting Pty Ltd
David Carroll
Tri-Star Group
Jeff Miller
Australian Drilling Industry Association
John Bruce
Bruce Resource Consultants
Kim Wainwright
Queensland Exploration Council and Xplore Resources
Liam Davis
McCullough Robertson
Department of Natural Resources and Mines, Manufacturing and Regional and Rural Development
Matthew Meldon
Nicole Duguid
Queensland Exploration Council
Roger Leaning
Morgans Financial Limited
Sachini Fonseka-Ford
Queensland Exploration Council
Stephen Kelemen
Queensland Exploration Council
Geological Survey of Queensland, Department of Natural Resources and Mines, Manufacturing and Regional and Rural Development
Tony Knight
Structure of the Scorecard The 2025 Queensland Exploration Scorecard covers the financial year from 1 July 2024 to 30 June 2025, maintaining the established structure for a detailed examination of crucial exploration metrics. It underscores that exploration activity is broadly driven by:
• Queensland’s rich resource potential, • The pricing and future outlook of key commodities, • The confidence of both explorers and investors, • The stability of policies and regulations.
Recognising the influence of market dynamics on commodity prices, the Scorecard emphasises lead indicators that are subject to change, notably explorer and investor confidence, alongside the accessibility of fundamental resources vital for advancing resource development and production. Additionally, it incorporates lag indicators assessing tangible exploration accomplishments. Figure 1 below offers an overview of the Scorecard’s structure.
Lead Indicators Factors that drive exploration activity and performance
Lag Indicators Measuring actual success
• Government geoscience (section 4.1) • Regulatory and policy stability (section 4.2) • Operating and investment sentiment (section 4.3 & 4.4)
• Exploration success • Exploration dollars spent (section 6) • Market capitalisation movements (section 7)
• Access to factors of production
• Resource prospectivity (section 2) • Commodity prices (section 3) • Political stability
(Labour and drilling rigs)
• Tenure
performance
Figure 1 | Scorecard Structure
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