The Australian Bureau of Statistics (ABS) yesterday released new data which shows that Territory mineral exploration expenditure in financial year 2018/19 was 21% higher than financial year 2017/18.

Territory mineral exploration expenditure for financial year 2018/19 was a strong $131.9 million – including $32.5 million in the most recent June 2019 quarter which is up 15% on the same quarter last year.  

The figure recorded for Territory mineral exploration expenditure in financial year 2018/19 is the highest for any financial year since 2011/12, at the end of the last mining boom.

These latest figures continue the strong Territory growth trend seen over the past two years, and provide an excellent start to NT Resources Week to be held in Darwin this week.

NT Resources Week sees some of the Territory’s foremost resource and construction events combine to be a world-class week of conferencing, exhibition, networking events, and industry panellists in a comprehensive look at the industry as a whole under one roof at the Darwin Convention Centre. 

NT Resources Week 2019 features the South East Asia Australia Offshore and Onshore Conference (SEAAOC), Mining the Territory and, for the first time, the Environmental Management and Logistics Forum.

In its 12th year, NT Resources Week has become an internationally recognised forum, and is supported by the Northern Territory Government.

Quotes from Minister for Primary Industry and Resources, Paul Kirby:

“Mineral exploration is important to ongoing job creation - something the Territory Labor Government continues to focus on as a priority. 

“Posting the strongest financial year result since 2011/12 is obviously pleasing, and something I’m sure we’ll hear about this week at NT Resources Week.

“NT Resources week is a highlight of the industry calendar each year as a one-stop destination, bringing together industry and experts alongside delegates from across Australia and overseas, and is supported by the Northern Territory Government.

“The week has truly built a reputation of being a first-class series of events across the three conferences, and as a leading educational forum, showcasing investment opportunities and the capability of the sector.

Media contact: Hannah West 0436 641 108