Western Australia: Time for a drink?
Extraordinary returns for investors can be generated from successful exploration. With gold prices approaching all-time highs and with unprecedented levels of monetary and fiscal stimulus globally, how should investors be thinking about gold exploration, and where should they be looking?
Western Australia is arguably the epicentre of a developing global exploration boom fuelled by an all-time-high Australian dollar gold price and significant new gold discoveries.
The Australian Bureau of Statistics states that Australian gold exploration expenditure reached a record A$1,068 million in 2019, with two-thirds of this exploration taking place in Western Australia.
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