According to MiningNews.net, the latest surveyor quarterly funding report from Debao International (BDO) shows that exploration spending seems to have flattened by the end of 2024, and there is uncertainty in 2025. A survey conducted by BDO among 770 listed resource companies on the Australian Stock Exchange shows that in the fourth quarter of 2024, these companies raised A total of 2.88 billion Australian dollars, a 48% increase from the previous quarter, but their investment was only 792 million Australian dollars, basically unchanged. The average investment amount for each quarter throughout 2023 was 933 million US dollars. Due to the decline in prices undermining investor confidence, exploration activities for lithium and nickel mines have continued to Спад, докато златните и енергийните метали са останали силни . уран и предприятията за проучване на гориво за изкопаеми гориви са се представяли изключително много във финансирането, но несъмнено, най -големият инвестиционен минерал остава златен . През 2024 г., проучвателната инвестиция е 2 {. 69 милиарда щатски долари, с 84 милиона US Данните от тримесечие . BDO показват, че сред 57 -те предприятия, които са събрали над 10 милиона австралийски долара, 75% са били добив на злато. Сред тях спартанските ресурси събраха 220 милиона австралийски долара, а металите на Козирозите събраха 200 милиона щатски долара.
Sherif Andrawes, the global head of natural resources and energy business at BDO, said, "The rise in gold prices is an important factor for the increase in financing in this industry." Gold exploration enterprises have benefited from global deflationary fiscal policies and political uncertainties. Australian copper and gold exploration enterprises have raised 221 million Australian dollars, which is worthy of attention. In the fourth quarter of 2024, among the top five exploration spending enterprises, four were oil and gas and uranium companies, indicating the global energy changes brought about by geopolitical tensions and the energy transition. Support for lithium exploration enterprises has continued to decline. Eighty percent of the 198 million US dollars raised by lithium mining enterprises flowed into one enterprise, namely Vulcan Energy Resources. Overall, lithium exploration investment peaked in the fourth quarter of 2023 and then dropped sharply, mainly due to a significant decline in lithium prices in 2024. There has been no recovery since the beginning of the year. Initial public offerings (ipos) continue to slow down, and investors' interest in small and risky exploration companies remains low. However, BDO believes that there have been some signs of recovery in investors' confidence. In the fourth quarter of 2024, only three enterprises were listed on the Australian Stock Exchange, including Fulcrum Lithium, Golden Horse Minerals and Mount Hope Mining. Only 18 companies reported their cash balances due to trading suspension or delisting from the Australian Securities Exchange. Despite the decline, Andravis believes that the opportunity to acquire high-quality assets, especially copper and gold ones, still exists. He said, "Looking ahead, the performance of gold exploration enterprises will remain active in 2025." However, some ongoing challenges, such as inflationary pressure, capital selection and geopolitical instability, will continue to transform this industry, driving consolidation and strategic investment aimed at seeking development. BDO predicts that companies with cash will pursue high-quality but unpopular assets, especially in the gold sector. In 2025, uranium and copper should be closely watched.
