Tasmania Sees Record Investment in Gold and Critical Minerals Exploration Amid Rising Prices
Tasmania's mining sector has achieved a record $13 million in exploration spending for the September 2025 quarter, a 51% increase from the previous year, fueled by rising prices of gold, copper, and silver. Companies like Flynn Gold and Octava Minerals are actively expanding their exploration efforts, while Stellar Resources is advancing its Heemskirk tin project, highlighting the region's potential for future mineral development. The combination of favorable regulations and rich mineral deposits positions Tasmania as a key area for investment in mining exploration.
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Tasmania's mining sector has experienced a surge in exploration spending, reaching a record $13 million in the September 2025 quarter, driven by rising gold, copper, and silver prices. This marks a 51% increase year-on-year and more than a fivefold rise since the lows of $2.4 million in mid-2020.
Companies are exploring the potential for open-pit operations as gold prices remain high, surpassing US$5000/oz. Flynn Gold is expanding its exploration targets in the northeast, with a defined range of 449,000-520,000 oz at 3-4 g/t.
Octava Minerals has commenced drilling at the Sweeney's prospect, previously drilled in the 1970s. Stellar Resources is conducting a pre-feasibility study for its Heemskirk tin project, boasting a resource of 7.48 Mt at 1.04% Sn. The favorable regulatory environment and rich mineral deposits position Tasmania as a promising area for future exploration.
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