http://www.theaustralian.com.au/
Australia’s junior resources sector has started to crank up its spending as it continues to shake off the post-downturn funk and capitalise on the increased amounts of cash available to it.
The latest quarterly analysis of the financial health of the country’s listed exploration companies by accounting and advisory firm BDO, to be released today, shows a big increase in the amount spent by the nation’s small-caps on investing and exploration as well as doubling in the number of $10 million-plus capital raisings.
The amount spent by the nation’s juniors on investment during the quarter more than doubled from $133m in the March quarter to $269m in the June quarter, in another reflection of improved confidence and a brighter outlook for the junior exploration sector.