I just did a search and found there are around 2400 listed companies on asx at any one time. I assume less then half are exploration which would mean the chances are that none of the exploration companies on the asx will succeed and if one did then probability is that the will not be another for a long time to come.
I also found an interesting article on Australian explorers,
https://www.ausimmbulletin.com/opin...l-performance-of-australian-junior-explorers/
Re assay results, page-79
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