A record-breaking flood of funding support for Australia’s mineral and petroleum explorers has started to translate into action on the ground, and advisory firm BDO says the high-risk sector will enjoy an “elongated commodities boom”.

The 678 pre-revenue explorers on the ASX raised $2.54 billion in the June quarter, the third consecutive period of record cash inflows following low interest rates and soaring prices for commodities such as lithium, zinc, copper, nickel, coking coal, thermal coal, aluminium and uranium to name a few.