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Exploration industry recognised in road to COVID-19 recovery

The Queensland Exploration Council (QEC) is pleased to see a number of relief measures introduced today by the Palaszczuk Government, to assist Queensland’s exploration industry through difficulties faced as a result of COVID-19. Exploration relief measures announced on 6 May 2020 by Dr Anthony Lynham, Minister for Natural Resources, Mines and Energy include: a 12-month...
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Queensland Approach – Exploration Work Programs

On 20 March 2020, QRC wrote to the Premier seeking urgent relief measures for the resources sector amid the COVID-19 pandemic. Key areas included work program and relinquishment relief, rents and fee deferral. The QRC Resources Policy Team have been in constant communication with the Department of Natural Resources Mines and Energy on exploration program...
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QEC Survey finds acute impacts for Queensland explorers

The QEC recently surveyed its members on the impacts of the COVID-19 crisis affecting the exploration industry. The survey results are summarised below: Results – QEC Member Survey: COVID-19 impacts on explorers:  While the resources industry remains robust, Queensland’s explorers are facing particularly harsh challenges. Concerning, 81 percent of explorers surveyed anticipated having to decrease expenditure over...
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Queensland must act to turn explorer optimism into investment outcomes

Queensland has lost ground in the latest global survey of mining companies and investors, falling two places to number 15 in the world for investment attractiveness in the Fraser Institute Annual Survey of Mining Companies, 2019. Queensland Exploration Council (QEC) Chair Kim Wainwright said it was disappointing to see Queensland’s investment attractiveness ranking decrease for...
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QRC welcomes the State Government’s 2020 Queensland Exploration Program

The Queensland Resources Council (QRC) has welcomed the State Government’s 2020 Queensland Exploration Program which will open more than 7000 square kilometres of land for coal, gas and petroleum exploration. QRC Chief Executive Ian Macfarlane said the release of land for exploration for all resources was essential in creating new jobs, growing exports and supporting...
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Woodmac unveils annual survey

Industry consultants Wood Mackenzie have released the results of their annual Exploration Survey. The industry has had its say on all things exploration, from budgets and technology to portfolios and peers. To read the report, click here.
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New economy minerals focus

A new funding round has opened under Queensland’s Collaborative Exploration Initiative, targeting projects in North and North West Queensland. This round encourages the exploration of new economy minerals including cobalt, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, platinum group elements, rare earth elements, rhenium, scandium, silver, tantalum, tungsten, tin, titanium, and vanadium. Areas covered by the...
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ASIC flags IPO ‘concerns’

The Australian Securities and Investments Commission (ASIC) has put directors, lead managers and corporate advisers of mining and exploration companies on notice of concerns regarding the multi-faceted role that lead managers and other promoters may play in the IPO process. The mining and exploration industry represents over 25% of all ASX-listed entities. It accounted for...
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Collaborative exploration grants open

Applications are now open for the next round of CEI grants as part of the New Economy Minerals Initiative (NEMI). This round encourages the exploration of new economy minerals in newly expanded geographic areas of Queensland. Eligible new economy minerals include cobalt, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, platinum group elements, rare earth elements, rhenium, scandium,...
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Exploration drilling demand strong going into 2020

A strong outlook for gold and battery-material metals such as vanadium and cobalt are driving high demand for North Queensland drilling services, according to Eagle Drilling NQ general manager Sally Forgan. Ms Forgan expects the company to boost its workforce by about 25 per cent to meet demand in 2020. She was commenting after the...
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