Minerals exploration continues to go from strength to strength with a new record in exploration expenditure, according to the latest ABS quarterly statistics.
In 2021, $220.4 million was spent on minerals exploration in Victoria - an increase of 44 per cent on 2020.
Victoria's minerals industry is playing a growing role in regional development.
Record exploration is building a pipeline of prospects in gold, base metals (including copper), mineral sands and rare earths.
Early stage mineral exploration for lithium is also occurring.
Exploration projects across the state are building a greater understanding of Victoria's geology and resource endowment leading to potential new minerals discoveries.
Exploration spending is also critical to diversify Victoria's economy and create high paying jobs in regional areas.
Victorians working in exploration and minerals projects in the pipeline across the state include geologists, drilling assistants and geoscientists.
MCA Victoria's exploration factsheet and exploration video provides important information to the community and land owners about low impact exploration, and how explorers work with the community.
A booming exploration sector is good for Victoria by supporting jobs and more diverse regional economies.
