Victoria has recorded record minerals exploration expenditure in the latest ABS quarterly statistics released today.
In the March 2021 quarter, $51.5m was spent on minerals exploration in Victoria.
This comes on the back of a record December 2020 quarter, with over $150m spent on exploration in the state in 2020.
Minerals projects play an important role in regional development in Victoria, creating jobs and supporting a supply chain of innovative small and medium sized businesses. Victoria’s gold mining sector also employs regional Victorians from geologists and geophysicists to chemists and field assistants.
Victoria’s mineral sands projects including Kalbar Resources’ Fingerboards HMS Project near Bairnsdale, Donald Mineral Sands’ project near Minyip, VHM Limited’s project near Swan Hill and WIM Resource’s Avonbank Project near Horsham, which has the potential to develop into a global hub for mineral sands (zircon and titanium) and rare earths.