Aug 31, 2026 (The Australian Financial Review - ABIX via COMTEX) --
Data from the Australian Bureau of Statistics shows that mining companies spent a record $1.14bn on exploring for copper, gold and other minerals during the June quarter; this is 17 per cent higher year-on-year. Spending on petroleum exploration increased by 49 per cent to $545m, while onshore drilling accounted for 64.8 per cent of petroleum exploration. However, productivity across the exploration sector was affected by rising labour, fuel and drill rig costs. Kincora Copper CEO Sam Spring says it is difficult to offset higher labour costs, while he notes that there is strong competition for drill rigs..
Publication Date: 1 September 2026
AUSTRALIAN BUREAU OF STATISTICS
KINCORA COPPER LIMITED - ASX KCC
COMTEX_491829342/2229/2026-08-31T21:47:48
By Peter Ker and Gus McCubbing
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