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The $2b exploration boom quietly under way

The $2b exploration boom quietly under way Share An “unprecedented” flow of cash into the high-risk mineral exploration sector has sparked a drilling boom that is causing huge backlogs at the laboratories whose assays determine success or failure. More than $2.2 billion flowed into the 656 pre-revenue explorers on the ASX in the final three months of 2020, in a result that was 72 per cent higher than average and was described by advisory firm BDO as “unprecedented”. Veteran explorer Joh...
Colin Mcmillan Sherif Andrawes Warren Pearce Ian Tedder Rio Tinto Association Of Mining
Source: afr.com

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