IF the existing gold exploration level continues in Australia, the nation will be unable to sustain current gold production and investment levels, the Australian Gold Council has warned.
The recent 2004 Australian Gold Council-Deloitte Gold Investment Survey revealed that while Australia’s gold mining industry will spend more than $8.1 billion in 2004 -2005, exploration activity was still lagging. The survey found current exploration accounted for just 3.3 per cent of total gold investment activity.