Digging for gold
There's MOAR digging for gold in them thar hills!
Mineral exploration increased 16 per cent over the 2019 financial year to scale the highest level in six years.
More metres were drilled and exploration spend was driven mainly by gold - with record exploration in the June quarter - and base metals.
Understandably there has been less appetite for new iron ore drilling, but there was a nice lift for copper in Q2.
Overall this will benefit mining services companies, especially those based in Western Australia.
Some good news!
