To Explore or Not to Explore

Although giant strides have been made in the Australian mineral industry over the past quarter of a century in terms of mineral discoveries, self-sufficiency of commodities, contributions to exports and other aspects, there are unhealthy signs emerging which require attention. For instance there are 20 out of 34 discoveries of base metals, uranium and nickel which for a number of reasons await development. Some of the reasons for the standstill in the mineral industry are partly economic, partly due to competing land use, uncertainty in applying or, recognising the principle of crown ownership of minerals, and to some extent lack of appreciation of two closely related exploration activities referred to as development exploration and assessment Exploration.