Mineral exploration activity is expanding in the Northern Territory and is at its highest levels since 2011.
In the 2018-19 financial year, mineral exploration expenditure in the Northern Territory (NT) was $131.9 million, up 21% on the previous year, and up 68% over two years. Growth in the mineral exploration sector in the NT has been above the Australian average since mid-2017, and has been largely driven by strong increases in gold exploration.
Mineral exploration expenditure in 2018-19: $131.9 million
Proportion of exploration in greenfields areas: 48%
Granted exploration licences (1 January 2019): 838
