The trend estimate for total mineral exploration expenditure fell 1.7% (or -$7.7m) to $442.4m in the December quarter 2014. The largest contributor to the fall in the trend estimate this quarter was Queensland (down 3.9% or -$3.6m). The current quarter estimate is 16.7% lower than the December quarter 2013 estimate. The seasonally adjusted estimate for mineral exploration expenditure rose 1.5% (or +$6.4m) to $444.4m in the December quarter 2014. The largest contributor to the rise this quarter was Queensland (up 10.6% or +$9.1m).
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