A$1.1B+ raised since 2017 through exploration incentives
A$182M in tax credits issued to investors
Australia’s Junior Minerals Exploration Incentive (JMEI) allows resource companies with no taxable income to pass exploration credits directly to investors. These credits translate into tax offsets, reducing investor risk and increasing after-tax returns.
Since its introduction in 2017, JMEI has helped raise more than A$1.1 billion in exploration funding, fueling projects across Australia’s vast mineral landscape. By making early-stage exploration more attractive to investors, the program strengthens Australia’s global position in resource development.
The JMEI model demonstrates how targeted tax incentives can unlock private capital for high-risk, high-reward ventures. While currently limited to mining, the same approach could be extended to technology and innovation sectors, driving new waves of Australian entrepreneurship and discovery.
