About this organisation
Summary of activities
Mineral exploration in Australia remained robust in FY25. In the March 2025 quarter, companies spent approximately A$933 million searching for new mineral resources, slightly lower than the previous quarter but higher than the same period last year. For the full 2024 calendar year, total exploration expenditure reached A$3.95 billion, with A$2.82 billion focused on existing mining areas (brownfields) and A$1.13 billion on new areas (greenfields). This sustained level of investment provides a strong foundation for MinEx CRC s research into technologies that enhance exploration efficiency, reduce costs, and contribute to Australia s transition to net zero. During the reporting period, MinEx CRC strengthened its collaboration network with three new global sponsors Fortescue Metals, Vale S.A., and Newmont Mining bringing the total to 25 Participants and 18 Affiliates. The CRC had a $2.2M deficit in FY25 (life to date surplus of $7.0M) which was in line with expectations, reflecting continued investment in drilling campaigns and research. The CRC maintains a healthy cash balance of $7.5M at 30/6/25. Notably, forward projections now indicate a small cash surplus by the conclusion of MinEx CRC in 2028. MinEx CRC successfully completed Phase 2 of its three-phase research program and achieved all 11 Commonwealth Milestones that were due in June 2025. Phase 3 commenced on 1 January 2025 and is progressing on schedule. Research highlights included field-ready prototype drilling automation platforms, trials of downhole LIBS and swept-frequency electromagnetic tools, and the open-source release of automated 3D modelling software. MinEx CRC advanced its commercialisation agenda with two new licence agreements: the spin-out of start-up CoilRig to manufacture coiled tubing drill rigs for the shallow geothermal heating and cooling market, and licensing of fluid processing technology to an industry contractor. Our service provider DIG CT successfully completed two National Drilling Initiative campaigns using the CT500 rig in collaboration with sponsoring organisations the Geological Survey of South Australia (GSSA) and Geological Survey of Western Australia (GSWA). Our education program continues to exceed expectations, reaching the 2028 target of 60 enrolled postgraduates ahead of schedule, with 20 completions to date. All graduates have transitioned into industry or research roles, contributing skilled expertise to Australia s exploration sector. Outreach and impact grew significantly. MinEx CRC issued two media releases, launched precommercial brochures, and expanded its digital presence, achieving over 15,000 YouTube views, 41,000 website visitors, and 3,700 LinkedIn followers. Research outcomes were highlighted in prominent media outlets, and MinEx CRC researchers produced 62 scientific publications related to their work. MinEx CRC remains firmly on track to deliver all milestones within its ten-year life with reporting and closure in mid-2028.
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Outcomes
Outcomes are self-reported by charities
Programs and activities
Name: Program 1 Drilling Technologies
URL: https://minexcrc.com.au/programs/
Classification: Research and development (Economic development > Business and industry > Research and development)
Beneficiaries:- General community in Australia
Name: Program 2 Data from Drilling
URL: https://minexcrc.com.au/programs/
Classification: Research and development (Economic development > Business and industry > Research and development)
Beneficiaries:- General community in Australia
Name: Program 3 National Drilling Initiative (NDI)
URL: https://minexcrc.com.au/programs/
Classification: Research and development (Economic development > Business and industry > Research and development)
Beneficiaries:- General community in Australia
Finances
What is this?
This graph shows how much revenue (money in) and expenses (money out) the charity has had each year over the last few years. Charities have many sources of revenue, such as donations, government grants, and services they sell to the public. Similarly, expenses are everything that allows the charity to run, from paying staff to rent.
What should I be looking for?
First off, this graph gives a general indication of how big the charity is - charities range in size from tiny (budgets of less than $100,000) to enormous (budgets more than $100 million). You're also looking for variability - if the charity's revenue and expenses are jumping up and down from year to year, make sure there's a good reason for it.
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want revenue to be slightly above expenses. If expenses is reliably above revenue, the charity is losing money. If revenue is much larger than expenses, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
If a charity receives more money than it spends, that's a surplus (in business, it would be called profit). If it spends more than it receives, that's a deficit. This chart shows surpluses and deficits for the charity over the last few years.
What should I be looking for?
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want a charity to make a small surplus on average. A deficit means that charity lost money that year, which may indicate poor financial management or just a series of bad circumstances. If the charity always has a huge surplus, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
This chart compares the amount the charity receives from various sources, including donations (i.e. money given by the general public or philanthropy), goods and services, government grants, and other sources.
What should I be looking for?
Donations are an important source of revenue for some charities. Others rely more heavily on government funding, or on revenue from other sources. This is an indication of how much they need donors to accomplish their mission. Note that there is no 'good' or 'bad' amount of donations for a charity to have. It might be interesting to look at values over time - are they going up or down? A charity that gets less donations every year may be in trouble.
What is this?
Assets are things that the charity owns that are worth something. This could be anything from a car to investments. Similarly, liabilities are debts or obligations that the charity owes to someone else, like a loan or an agreement to pay for something.
What should I be looking for?
Firstly, in general a charity should have more assets than liabilities. If it doesn't, it implies that the charity might not be able to pay its debts, and you should look very closely at the charity's annual and financial reports to make sure they are taking steps to remedy this. Current assets should generally be above current liabilities - that means the charity can easily pay off the debts that are coming due soon. Beyond that, look for a large stockpile of assets. While a charity should have enough assets to keep it afloat in hard times (a 'buffer') if that stockpile gets too large the charity could be using that money more effectively. As always, if you have concerns check the annual and financial reports.
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