Current trends in exploration expenditure are favouring gold companies that have near-term development potential, and Felix Gold Ltd (ASX: FXG) is positioned to capitalise on this climate of discovery.

Global gold exploration expenditure reached an all time high of US$11.8 billion in 2012, and subsequently proceeded to drop 63% to US$4.44 billion in 2019. It has since bounced back to account for the largest chunk of the world’s 2021 US$11.24 billion total non-ferrous exploration budget – 55% for a total of US$6.18 billion.

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