Mineral Exploration in Australia - Market Research Report

Mineral Exploration industry trends (2014-2019)

poll Average industry growth 2014–2019: 0.8%

The Mineral Exploration industry's role in the mining supply chain is to identify a pipeline of economically proven resources for the future development, production and export of minerals. Mineral explorers locate ore bodies that can be mined and provide data so that companies can evaluate the viability of deposits. Industry activity is often taken as a lead indicator for mineral output and the industry's performance moves ahead of extraction industries in the Mining division. The global prices of different mineral commodities, the strength of the Australian dollar and sentiment in the Mining industry influences spending on exploration activities. Weaker commodity prices reduce the value of potential discoveries, consequently making it more difficult...
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Mineral Exploration industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Mineral Exploration industry is anticipated to grow over the next five years. Industry revenue is forecast to increase at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Following a return to growth over the past five years, demand for mineral exploration is projected to continue increasing as existing deposits become depleted. Consequently, industry revenue is set to improve as the demand for exploration gradually rises. However, exploration expenditure by major mining firms and junior miners is unlikely to return to the level it reached during the height of Australia's mining boom. Growth in exploration is anticipated to be gradual as firms focus on production at existing mine sites. Uncertainty among investors and lower...
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Mineral Exploration industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 2,355
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 5,259

Biggest companies in the Mineral Exploration industry

The Mineral Exploration in Australia industry has no companies with major market shares. Get the full report to find out why.

What is Mineral Exploration industry?

Industry Definition

Industry firms explore for minerals either on their own account or on a contractual basis. The industry excludes firms that explore for crude petroleum and natural gas.

Industry Products and Services

  • Iron ore exploration
  • Gold exploration
  • Base metals and silver exploration
  • Coal exploration
  • Other mineral exploration

Industry Activities

  • Iron ore exploration services
  • Gold exploration services
  • Coal exploration services
  • Base metal exploration services
  • Other mineral exploration services

Market research report - table of contents

Industry Definition

Industry firms explore for minerals either on their own account or on a contractual basis. The industry excludes firms that explore for crude petroleum and natural gas.

Main Activities

  • Iron ore exploration services
  • Gold exploration services
  • Coal exploration services
  • Base metal exploration services
  • Other mineral exploration services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Decreased investment in the Mining division typically hinders demand for drilling and exploration services near existing mining sites. When actual capital...
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Actual capital expenditure on mining
US dollars per Australian dollar
Domestic price of black coal
World price of copper

Current Performance

Revenue volatility
Industry participation contracts
 Chart: Revenue Growth

Industry Outlook

Industry participation and regulation
 Table: Mineral Exploration in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Mineral Exploration in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Black Coal Mining in Australia
Iron Ore Mining in Australia
Bauxite Mining in Australia
Copper Ore Mining in Australia
Gold Ore Mining in Australia


Key Selling Industries

Petroleum Product Wholesaling in Australia
Medical and Scientific Equipment Wholesaling in Australia
Mining and Industrial Machinery Wholesaling in Australia




Products & Services

The Mineral Exploration industry's services typically move in line with the performance of Australia's Mining division. Firms that explore for resources n...
Junior miners





Demand Determinants

Demand for mineral exploration is based on long-term forecasts of global commodity needs. Demand for mineral exploration is based on current commodity pri...
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Major Markets

Junior miners






 Chart: Major Market Segmentation for the Mineral Exploration in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry displays a low market share concentration. In 2019-20, the industry's four largest companies are estimated to account for less than 20% of to...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Mineral Exploration in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Mineral Exploration in Australia - Market Research Report Industry

Industry Globalization

The Mineral Exploration in Australia industry has no major companies. Get the full report to find out why.

Capital Intensity

The industry displays a moderate level of capital intensity. In 2019-20, for every dollar invested in capital, an estimated $2.68 is spent on wages. Indus...
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 Chart: Level of Capital Intensity for the Mineral Exploration in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Mineral Exploration in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

BASE METALS

BROWNFIELD EXPLORATION

GREENFIELD EXPLORATION

INFERRED MINERAL RESOURCE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Mineral Exploration industry?

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This report on Mineral Exploration in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Mineral Exploration in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mineral Exploration in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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