Mining exploration spend of $1b hits record levels in Australia

According to The Australian Financial Review, new data shows exploration spending and capital raisings in the resources sector have bounced back to record levels in defiance of negative sentiment around cost inflation, commodity price volatility and the labour market.
ASX-listed exploration companies spent more than $1 billion in their hunt for new mining and oil and gas assets in the June quarter in a sign of confidence in the global economic outlook.

https://www.afr.com/companies/mining/mining-exploration-spend-of-1b-hits-record-levels-20220901-p5bemi