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8412.0 - Mineral and Petroleum Exploration, Australia, Sep 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/12/2006   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2006 14 March 2007
March 2007 13 June 2007
June 2007 12 September 2007



CHANGES TO THIS ISSUE

There are no changes in this issue.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Busby on Sydney (02) 9268 4533.



SUMMARY OF FINDINGS


MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM)


TREND ESTIMATES

The trend estimate for total mineral exploration expenditure increased by 7.2% in the September quarter 2006. The estimate is now 28.4% higher than the September quarter 2005 estimate.

Mineral Exploration, Seasonally adjusted and trend series
Graph: Mineral Exploration (Time Series Estimate): Expenditure and Metres Drilled, ; Total deposits , Australia



The largest contributions to the increase this quarter were in Western Australia (up $14.4m or 9.2%) and South Australia (up $3.7m or 8.2%). All states showed increasing expenditure levels this quarter.


The trend estimate for metres drilled increased by 5.3% this quarter. The current estimate is now 16.3% higher than the September quarter estimate for last year.



MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM)


EXPLORATION EXPENDITURE

The seasonally adjusted estimate of mineral exploration expenditure increased by $56.4m (17.2%) to $383.9m in the September quarter 2006. The largest increases this quarter were in Western Australia with an increase of $34.5m or 23.2%, and Queensland with an increase of $7.1m or 12.1%.


In original terms, mineral exploration expenditure increased by $37.2m (10.4%). Western Australia had the largest increase of $33.9m (21.7%), while South Australia had the largest decrease of $5.4m (9.6%).


In original terms, exploration on areas of new deposits increased by $8.8m (6.8%), while expenditure on areas of existing deposits increased by $28.4m (12.5%).


In original terms, the largest increase by minerals sought came from expenditure on iron ore exploration (up $20.4m or 41.0%), with the largest increase occurring in Western Australia. The next largest increase came from expenditure on uranium exploration (up $6.4m or 35.0%). The largest decrease came from expenditure on gold exploration (down $6.2m or 5.6%).

Mineral Exploration, Original series
Graph: Mineral Exploration: Expenditure and Metres Drilled, ; Australia , Total deposits




MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM)


METRES DRILLED

In seasonally adjusted terms, total metres drilled increased by 15.5% in the September quarter 2006. In original terms total metres drilled increased by 17.5%. Drilling in areas of new deposits increased by 4.4% and drilling in areas of existing deposits increased by 26.4%.

Metres Drilled, Original series
Graph: Metres Drilled, Original series




PETROLEUM EXPLORATION


OVERVIEW

Expenditure on petroleum exploration for the September quarter 2006 increased by $108.7m (28.6%) to $488.6m.


Expenditure on exploration on production leases increased (by $22.0m or 20.1%), while exploration on all other areas increased (by $86.8m or 32.1%) this quarter.


There was an increase of $96.4m (33.9%) in offshore exploration, while onshore exploration expenditure increased by $12.4m (13.0%).

Petroleum Exploration, Original series
Graph: Petroleum Exploration Expenditure




REGIONAL DATA

In the September quarter 2006, Western Australia had the largest increase in petroleum exploration expenditure of $121.2m (71.8%), followed by South Australia with an increase of $8.1m (24.5%). Northern Territory had the largest decrease of $12.9m (11.3%).

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