Australia running out of new deposits - mineral-thirsty China looking elsewhere

“There are few, if any, major new mineral deposits that are exposed at the earth’s surface yet to be found in Australia, and as a result, mineral exploration is moving from Australia to less well explored countries,” MinEx CRC chairman Chris Pigram

https://www.australianmining.com.au/news/worlds-largest-mineral-exploration-collaboration-gets-50-million-federal-funding/