Why explorers have stopped exploring
One of the most successful prospectors and mining entrepreneurs in Australia, Mark Creasy, says he “definitely could not” have the same success in today’s exploration sector.
Australia’s most successful mining prospector has warned juniors face unprecedented hurdles to bring projects to market as excessive regulation and high start-up costs threaten to derail the next leg of the resources boom.
Well-known geologist and BRW rich lister Mark Creasy is credited with some of the country’s biggest mineral discoveries including the Jundee gold mine, Bronzewing deposit and, most recently, the impressive Nova-Bollinger nickel deposit. But Mr Creasy, who is worth around $490 million, said that he wouldn’t be able to repeat his success from scratch in today’s depressed and highly regulated exploration sector.
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