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Million Oz Australian gold production (moz) versus gold exploration expenditure ($A) $A Million
1500
24
1400
22
1300
20
1200
18
1100
16
1000
14
900
12
800
10
700
8
600
6
500
4
400
2
300
0
90-91 92-93 94-95 96-97 98-99 00-01 02-03 04-05 06-07 08-09 10-11 12-13 14-15 16-17 18-19 20-21 Sources: Surbiton and ABS
