Top 50 explorers: June 2026 quarter

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Top 50 explorers: June 2026 quarter

Australia's largest listed explorers play an outsized role in shaping the resources sector. As a companion to BDO's Explorer Quarterly Cash Update, the inaugural Top 50 Explorers report highlights the companies leading the market by size, commodity exposure and geographic footprint as at the June 2026 quarter.

Hear from Dave Andrews, Partner, Audit & Assurance, as he shares the key findings from the inaugural Top 50 Explorers report and what they reveal about Australia's exploration sector.

The June 2026 quarter highlights the continued concentration of value among Australia's leading explorers. Gold remains the dominant commodity across the Top 50, Western Australia continues to attract the greatest share of exploration activity, and critical minerals maintain a strong presence, reflecting the commodities and regions attracting investor confidence across the sector.
Dave Andrews Partner, Audit & Assurance

Key insights

Our latest report for the June 2026 quarter reveals a number of trends, including:

  • Gold remains the dominant commodity across Australia's Top 50 explorers, reflecting continued investor confidence in the sector
  • Western Australia continues to lead the nation, hosting the majority of Top 50 companies and exploration projects
  • Critical minerals maintain a strong presence among the sector's leaders, highlighting ongoing demand for future-facing commodities
  • A relatively small group of explorers continues to attract a significant share of market value and investment across the sector.

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Looking for the broader market view?

The Top 50 Explorers report complements BDO's Explorer Quarterly Cash Update, which tracks the financial performance, funding activity and exploration expenditure of Australia's listed exploration sector.

For a wider perspective on market conditions and industry trends, download the Explorer Quarterly Cash Update: June 2026 Quarter.

How BDO can help 

Since 2014, BDO has proudly reported on the health of Australia's exploration sector, providing insights into the trends and performance shaping the industry. If you’d like to discuss this quarter’s findings or find out how BDO can support your needs in the natural resources sector, contact us.

Find out more about our Natural Resources & Energy services.

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