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Australian exploration 'experiencing a significant downturn', BDO warns

Times are tough, but the strength of gold has taken out some of the sting

Exploration spending fell 18.4% in the March quarter.

Exploration spending fell 18.4% in the March quarter. | Credits: AMEC

Citing declining cash reserves, fundraising challenges and a drop in exploration spending, a report by advisory firm BDO has warned of a gloomy outlook for Australia's exploration sector. Mining lobbies...

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