| Sep Qtr 22 | Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | ||
|---|---|---|---|---|
| $m | % change | % change | ||
| Seasonally adjusted | ||||
| Mineral Exploration Expenditure | 1,015 | -1.5 | 8.7 | |
| Petroleum Exploration Expenditure | 230 | -5.5 | -22.8 | |
| Trend | ||||
| Mineral Exploration Expenditure | 1,031 | 2.0 | 12.1 | |
| Petroleum Exploration Expenditure | 231 | -11.0 | -21.8 | |
Mineral and Petroleum Exploration, Australia
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Quarterly statistics on mineral and petroleum exploration expenditure by private organisations in Australia
Reference period
September 2022
Released
5/12/2022
Key statistics
- Mineral exploration expenditure fell by 1.5%
- Petroleum exploration expenditure fell by 5.5%
Release notes
Trend series reinstated in September quarter 2022
Review of trend suspension
In early 2020 the ABS suspended the trend series, in addition to adopting forward factors to produce seasonally adjusted series. The trend estimate indicates the medium to long-term direction of a time series. To estimate the trend, the effects of significant events like disruptions associated with COVID-19 are assigned to either the trend or irregular components of a time series. The rationale for suspending trend series was that it was unknown whether the impacts from COVID-19 would be short or medium to long-term, and therefore there was high probability of needing to significantly revise initial assessments of the impacts of COVID-19 on the trend.
The trend series for Mineral and Petroleum Exploration has been reviewed and reinstated.
Over the last two years, the impacts of COVID-19 on Mineral and Petroleum Exploration series have not caused multiple abrupt changes in the series level in short succession, and so it is appropriate to describe a trend level through the past two years. As a result, Mineral and Petroleum Exploration will also be publishing a trend over the previous two years for relevant series.
Mineral exploration
Total expenditure, seasonally adjusted and trend
Seasonally adjusted fall of 1.5% ($15.3m) to $1,015.1m
Trend rise of 2.0% ($20.6m) to $1,030.5m
Mineral exploration, by deposit type, original series
- Rise of 2.6% ($27.6m) to $1,084.9m
- New deposits rose 9.7% ($30.5m) to $344.9m
- Existing deposits fell 0.4% ($2.9m) to $740.0m
Mineral exploration, by mineral type, original series
- Other Minerals recorded the largest rise (up 36.6%, $37.7m) to $140.7m
- Gold recorded the largest fall (down 9.3%, $39.4m) to $382.3m
(a) All Other Minerals contains Mineral Sands, Uranium, Diamonds and Other Minerals
Metres drilled, seasonally adjusted and trend
- Seasonally adjusted fall of 3.7% (108.6km) to 2,828.9km
- Trend fall of 2.9% (86.1km) to 2,856.3km
Metres drilled, original series
- Fall of 1.7% (52.9km) to 3,048.9km
- Existing deposits fell 5.9% (131.0km) to 2,101.7km
- New deposits rose 9.0% (78.0km) to 947.1km
Petroleum exploration
Total expenditure, seasonally adjusted and trend
- Seasonally adjusted fall of 5.5% ($13.3m) to $230.4m
- Trend fall of 11.0% ($28.5m) to $231.4m
Onshore, seasonally adjusted and trend
- Seasonally adjusted rise of 10.5% ($14.9m) to $157.2m
- Trend fall of 4.2% ($6.4m) to $146.8
Offshore, seasonally adjusted and trend
- Seasonally adjusted fall of 27.8% ($28.2m) to $73.2m
- Trend fall of 19.6% ($20.9m) to $85.8m
Data downloads
Time series spreadsheets
Data files
Table 1. Private exploration, actual and expected expenditure
Table 2. Mineral exploration, (other than for petroleum) - expenditure and metres drilled
Table 3b. Mineral exploration, (other than for petroleum) - expenditure by type of deposit
Table 4. Mineral exploration, (other than for petroleum) - expenditure by state and territory
Table 5. Mineral exploration, (other than for petroleum) - expenditure by mineral sought
Table 6a. Petroleum exploration, expenditure by onshore and offshore
Table 6b. Petroleum exploration, expenditure by type of lease
Table 7. Petroleum exploration, expenditure by state and territory
Data Explorer datasets
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Mineral Exploration - Quarterly mineral exploration expenditure and metres drilled
Petroleum Exploration - Quarterly petroleum expenditure
Previous catalogue number
This release previously used catalogue number 8412.0.