8412.0 - Mineral and Petroleum Exploration, Australia, Dec 2019  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/03/2020   
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Mineral Exploration


Total Expenditure

  • The trend estimate for total mineral exploration expenditure increased 5.1% ($34.9m) to $717.1m in the December quarter 2019. The largest contributor to the increase in the trend estimate this quarter was Western Australia (up 5.1%, $21.6m). The current quarter estimate is 26.4% higher than the December quarter 2018 estimate.
  • The seasonally adjusted estimate for mineral exploration expenditure rose 5.6% ($38.3m) to $722.1m in the December quarter 2019. The largest contributor to the rise this quarter was Western Australia (up 3.3%, $14.2m).

Mineral Exploration, Seasonally adjusted and trend
Graph: Mineral Exploration (Time Series Estimate): Expenditure and Metres Drilled, ; Total deposits , Australia
  • In original terms, mineral exploration expenditure rose 4.9% ($35.7m) to $760.5m in the December quarter 2019. Exploration on areas of existing deposits rose 8.1% ($34.3m) and expenditure on areas of new deposits rose 0.5% ($1.4m).
  • In original terms, the largest increase by minerals sought came from expenditure on Gold (up 7.5%, ($21.1m).

Mineral Exploration, Original series
Graph: MINERAL EXPLORATION, Original series


Metres Drilled
  • The trend estimate for metres drilled rose 0.9% in the December quarter 2019. Compared with the December quarter 2018 estimate, the current quarter rose 1.2% (29.7km) to 2608.5km.
  • The seasonally adjusted estimate for metres drilled rose 3.9% in the December quarter 2019.

Metres Drilled, Seaonally adjusted and trend
Graph: METRES DRILLED, Seaonally adjusted and trend
  • In original terms, metres drilled fell 2.0%. Drilling in areas of new deposits fell -18.0% and drilling in areas of existing deposits rose 8.7%.

Metres Drilled, Original series
Graph: METRES DRILLED, Original series


Petroleum Exploration


Total Expenditure
  • The trend estimate for total petroleum exploration expenditure rose 11.0% ($40.8m) to $410.1m in the December quarter 2019. Exploration expenditure on production leases rose 37.6% ($30.7m) and exploration expenditure on all other areas rose 2.3% ($6.7m).
  • The seasonally adjusted estimate for total petroleum exploration expenditure rose 8.6% ($32.1m) to $405.0m in the December quarter 2019. Exploration expenditure on production leases rose 61.7% ($48.0m) and exploration expenditure on all other areas fell 5.4% (-$15.9m).
  • The largest contributor to the rise in the trend estimate was Queensland (up 21.5%, $10.6m) and the largest contributor to the rise in the seasonally adjusted estimate was Northern Territory (up 63.6%, $30.0m).

Petroleum Exploration, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION, Seasonally adjusted and trend


Onshore
  • The trend estimate for onshore petroleum exploration expenditure rose 24.4% ($39.6m) to $201.6m in the December quarter 2019. Expenditure on drilling rose 21.4% ($22.7m) and other onshore petroleum exploration expenditure rose 28.1% ($15.7m).
  • The seasonally adjusted estimate for onshore petroleum exploration expenditure rose 36.3% ($57.3m) to $215.2m in the December quarter 2019. Expenditure on drilling rose 6.3% ($7.5m) and other onshore petroleum exploration rose 127.0% ($49.8m).

Petroleum Exploration: Onshore, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION: ONSHORE, Seasonally adjusted and trend


Offshore
  • The trend estimate for offshore petroleum exploration expenditure rose 0.3% ($0.7m) to $208.0m in the December quarter 2019. Expenditure on drilling rose 3.9% ($4.0m) and other offshore petroleum exploration expenditure fell 3.3% (-$3.4m).
  • The seasonally adjusted estimate for offshore petroleum exploration expenditure fell 11.7% (-$25.2m) to $189.8m in the December quarter 2019. Expenditure on drilling fell 23.3% (-$28.1m) and other offshore petroleum exploration expenditure rose 3.1% ($2.9m).

Petroleum Exploration: Offshore, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION: OFFSHORE, Seasonally adjusted and trend

Notes

Forthcoming Issues

Issue (Quarter) Release Date
March 2020 2 June 2020
June 2020 31 August 2020
September 2020 30 November 2020
December 2020 1 March 2021



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