Australia Technology Investing: An Overview

Australia has witnessed 27 consecutive years of economic growth, and Australia technology investing is on the rise. Here’s an overview.

The Australian tech sector is growing quickly as it continues to attract international attention.

According to CSIRO, the Australian economy is home to esteemed institutions, public systems and employment opportunities, making it ripe for investment and attracting tech talent. To that end, Australia has experienced an unprecedented 27 consecutive years of economic growth.

PwC reports that between 2012 and 2017, information and communication technology exports reached US$3.2 billion, rising at a 60 percent uptick.

Yet despite this growth, the tech sector in Australia is largely overshadowed by the nation’s other export industries. Largely dependent on resources and commodities, eight out of 10 Australian exports relate to energy, agriculture or minerals.

In light of these demands, the Australian government is working with technology companies to increase efficiencies in the agriculture, biofuels and cleantech industries. For example, Digital Agricultural Services, an agricultural startup, is a company that has created software that tracks land yield and water systems and monitors rural land.

Amfora, on the other hand, is an Australian tech company that is developing innovation in creating livestock feed with new vegetable oil extraction methods.

Looking over at other verticals within the Australian tech market, several companies are driving innovation in artificial intelligence (AI), esports, renewable energy and fintech.

Notably, some US companies are seeking out investment opportunities in Australian tech stocks. Salesforce (NYSE:CRM) and Cisco (NASDAQ:CSCO) have invested millions in Australia’s tech sector to take advantage of the opportunities in the market. For its part, Google (NASDAQ:GOOG) is partnering with Australia’s Lendlease in a US$15 billion deal.

With international interest accelerating in Australia’s growing tech sector, here’s a look at the different ways to invest in it and an overview of the future outlook for the industry.

Australia technology investing: Stocks

There are a number of technology stocks listed in Australia that have witnessed strong gains this year.

As of midway through 2019, the companies below were the top performers year-to-date, according to CRN. All stocks listed had market caps between AU$10 million and AU$500 million at that time.

  • Uniti Wireless (ASX:UWL): Uniti Wireless is a broadband and wireless service provider founded in 2012. The company launched its IPO on February 13, 2019.
  • 5G Networks (ASX:5GN): Tech and telecom company 5G Networks implements cloud solutions through its 5GN platform, targeting commercial clients to adopt cloud security, backup and technical support solutions.
  • Rhipe (ASX:RHP): Rhipe is a company that helps businesses adopt cloud systems. Its cloud services include workforce outsourcing and cloud subscription licensing programs such as Microsoft (NASDAQ:MSFT) Dynamics.
  • Cirrus Networks Holdings (ASX:CNW): Founded in 2003, Cirrus Networks Holdings is an IT consulting firm focused on disruptive technology, risk reduction and backup solutions. Its strategy services include developing Internet of Things tactics and honing data analytics within a full-circle data management lifecycle.
  • (ASX:KGN): Online marketplace company casts a wide net across a number of retail, mobile, travel and insurance offerings. New vertical expansions in health and pets are projected for the future.

Australia technology investing: ETFs

A total of AU$16 billion was invested in Australian exchange-traded funds (ETFs) as of April 2019. The ETFs below are listed on the ASX, and they provide exposure to tech companies around the world.

  • ETFS Robo Global Robotics and Automation ETF (ASX:ROBO): Tracking the ROBO Global Robotics and Automation Index, this ETF invests in AI and robotics companies that have market caps over AU$200 million. Founded in September 2017, this ETF has a 0.69 percent management fee and 89 holdings. Among its top holdings are Hiwin Technologies (TPE:2049), weighted at 1.8 percent; NVIDIA (NASDAQ:NVDA), weighted at 1.8 percent; and Yaskawa Electric (TSE:6506), with a 1.7 percent weighting.
  • BetaShares Global Cybersecurity ETF (ASX:HACK): Requiring no minimum investment, the BetaShares Global Cybersecurity ETF has a 0.67 percent management fee and 44 holdings. It has been in operation since August 2016. The ETF tracks the NASDAQ Consumer Technology Association Cybersecurity Index, providing exposure to global cybersecurity companies. Its top holdings include Splunk (NASDAQ:SPLK), weighted at 6.5 percent; Okta (NASDAQ:OKTA), with a 6.3 percent weighting; and Palo Alto Networks (NYSE:PANW), weighted at 6 percent.
  • ETFS Morningstar Global Technology ETF (ASX:TECH): Tracking the Morningstar Developed Markets Technology Moat Focus Index, this ETF has a 0.45 percent management expense and has 34 holdings. Founded in August 2017, it is an equal-weighted ETF that provides exposure to tech stocks around the world. The index specifically is composed of companies that have good price-to-fair-value ratios. The top holdings of this ETF include Lam Research (NASDAQ:LRCX), KLA (NASDAQ:KLAC) and Facebook (NASDAQ:FB), which all have 4.4 percent weightings.
  • Global Robotics and Artificial Intelligence ETF (ASX:RBTZ): Providing exposure to companies focused on AI and industrial robotics sectors, the Global Robotics and Artificial Intelligence ETF has a 0.47 percent management fee and 35 holdings. Originating in September 2018, this ETF tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index with no minimum investment required. Among the highest-weighted companies in this ETF are NVIDIA at 7.7 percent, Mitsubishi Electric (TSE:6503) at 7 percent and Intuitive Surgical (NASDAQ:ISRG) at a 6.8 percent weighting.
  • Battery Tech and Lithium ETF (ASX:ACDC): The Battery Tech and Lithium ETF is the first ETF in Australia to track the energy storage and production sector. Since August 2018, this ETF specifically has tracked the Solactive Battery Value-Chain Index, which focuses on lithium, battery metals and battery storage companies. With 29 holdings, this ETF has an expense ratio of 0.69 percent. Top holdings in this ETF include NEC (TSE:6701) at 4.1 percent, Sony (NYSE:SNE) at 3.8 percent and FMC (NYSE:FMC) at a 3.7 percent weighting.

Australia technology investing: Future outlook

According to a report published by the Australian government, technology is set to have a pronounced impact across multiple industries in the country.

The mining industry, for example, is anticipated to benefit from digital advancements through the use of 3D printing technology, which will enable the production of spare parts on demand. Agriculture will continue to benefit as yield technology is employed at higher rates and as blockchain technology is integrated into supply chain processes.

Government support for a more adaptive education system will be central to these advancements as the sector changes rapidly and unpredictably. Small- and medium-sized business adoption will be key as well. Current barriers to tech adoption include lack of skills, poor internet access, cost and time.

The government is working with the tech industry to counter these roadblocks and strengthen the sector through introducing its National Broadband Network at affordable prices, among other policy initiatives.

Underpinning future growth, PwC notes, will be the development of a sophisticated tech workforce.

The demand for skilled workers is projected to reach 758,700 by 2023, and the cross pollination of tech and other major sectors is providing new opportunities for growth and advancement to create a sustainable advantage in the global economy.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Dorothy Neufeld, hold no direct investment interest in any company mentioned in this article.

Global News
Download Your FREE 2022 Tech Outlook Report


The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends will impact this sector in the year ahead.

✓ Trends   ✓ Forecasts    ✓ Top Stocks

read more Show less

The novel multi-media campaign, created in partnership with RGA, is built on the concept that consumers can Zip everything around them and pay in four installments Following its global rebrand this summer, digital payment pioneer Zip Co Limited today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping …

The novel multi-media campaign, created in partnership with R/GA, is built on the concept that consumers can Zip everything around them and pay in four installments

Following its global rebrand this summer, digital payment pioneer Zip Co Limited ( ASX: Z1P ) today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping season. From TikTok dance challenges to ‘earworms’ stuck in our heads and glam tips for Zoom calls, ‘Zip Now, Pay Later’ spotlights meme-worthy moments that have captivated millions, all demonstrating that Zip is not only part of the same cultural zeitgeist, but also the payment option of choice for modern consumers who are increasingly shunning credit cards for flexible, transparent digital payment options everywhere they shop.

read more Show less

The Children’s Place , Inc. the largest pure-play children’s specialty apparel retailer in North America and Afterpay the leader in “Buy Now, Pay Later” payments, celebrate The Children’s Place 2021 Holiday Matching Family Pajama Collection with Kris Jenner Khloé Kardashian, True Thompson and MJ Shannon. “I LOVE the holidays and there is nothing better than gathering my family together and celebrating with …

The Children’s Place , Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America and Afterpay (ASX: APT) the leader in “Buy Now, Pay Later” payments, celebrate The Children’s Place 2021 Holiday Matching Family Pajama Collection with Kris Jenner Khloé Kardashian, True Thompson and MJ Shannon.

read more Show less
Winsome Resources CEO Chris Evans

Winsome Resources CEO Chris Evans said, “Canada and the US are working feverishly to develop an internal battery materials supply chain and we think we're going to play a critical role in that.”

Winsome Resources CEO Chris Evans: Sustainable Hardrock Lithium Opportunities in Quebec

Winsome Resources (ASX:WR1) CEO Chris Evans joined the Investing News Network to discuss the company and its Cancet lithium project in Quebec, Canada.

"We listed on the ASX on November 30, 2021," he explained. "We're lithium focused but based in Canada, and we've been pretty successful in the last six months — our share price has done well. I think I've been putting this down to the success factors which we possess as a company, including the fact that we're into lithium at a moment with high demand. Any mining company that's associated with lithium has tended to do well.

“Our assets are in Quebec, a fantastic mining jurisdiction for all sorts of reasons. Also, being listed on the ASX — Australian investors tend to like early stage plays a bit better. They've certainly woken up to the electric vehicle and lithium revolution that's occurring in the world. And it's a pleasure having the assets in Canada.”

Next, Evans got into specifics about the company's flagship project. “The Cancet project is our flagship, in the James Bay region of Quebec. All our projects are hard-rock lithium; that's digging the rocks out of the ground and concentrating the lithium in them. Then it gets converted into the final product, which is lithium carbonate or hydroxide, that then goes into electric vehicle batteries,” he explained.

“Cancet’s had about 5,500 metres of drilling done on it historically, so we know that there's a great deposit of lithium at fantastic grades. It outcrops on the surface, the lithium-containing spodumene from the pegmatite rock, where we have 3.7 percent lithium oxide over a 17 metre interval from the surface at our most successful drill hole. We just completed 2,000 metres of drilling ourselves, increasing our knowledge of the orebody that's there, and also looking for extensions to the orebody. We've got 395 claims, and our drilling and exploration is only over about 15 of the claims. So we've got a lot further to look here and a lot more to develop.”

As for supply location, and the company's relationship with the international market, Evans said, “We think it's fantastic for us, and our shareholders, that we have assets in Quebec. Roughly 50 percent of the world's hard-rock lithium comes from Australia, where it’s mined and concentrated. The problem is that final conversion into lithium carbonate or hydroxide all occurs at the moment in China ... lithium is on the critical minerals list in Canada, the US and Australia, and Canada and the US are working feverishly to develop an internal battery materials supply chain. We think we're going to play a critical role in that.”

Elaborating on the sustainability industry that drives the battery revolution, he said, “(Nearly) all power in Quebec is generated by hydroelectricity and renewable forms of electricity. That’s very important, because the mining and concentration process for lithium products traditionally produces a large carbon footprint, because it's energy intensive. The EU, from 2024, has mandated that all batteries are labeled with the carbon footprint of all the materials that are contained within them. Then, by about 2026, there's specific targets that batteries have to meet in order to be sold in the EU. If you don't have a renewable source of energy to produce your lithium products that go into those batteries, it's going to severely restrict your markets — and that's another bonus for us being in Quebec.”

Evans said that Winsome Resources’ approach is to develop a mine itself, rather than selling or partnering. “We will approach this as if we are going to be developing the Cancet project, and producing lithium ourselves, in four or so years. And I think that'll best serve our shareholders.” With regards to other ways the company could benefit investors, Evans said, “Being listed on the ASX, and having access to a lot of capital, I think there's a great opportunity for us to acquire other projects in Canada. We're about to start our summer exploration. And we're on the lookout for a new project. So I think the good news is really to come.”

Watch the full interview of Winsome Resources CEO Chris Evans above.

Disclaimer: This interview is sponsored by Winsome Resources (ASX:WR1). This interview provides information that was sourced by the Investing News Network (INN) and approved by Winsome Resources in order to help investors learn more about the company. Winsome Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Winsome Resources and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.


Where are the silver mines in Australia? You might be surprised to learn that the country is home to one of the world’s top primary silver producers.

Mining is a big part of Australia’s history, and it continues to shape the country’s economy and position in the world today. The nation is one of the world’s top producers and exporters of resources, with coal, uranium, copper and gold being some of its best-known commodities.

Australia is also a key producer of silver — it was the world’s fifth-largest producer of the metal in 2021, tied with Russia, putting out 1,300 MT. Interestingly, most of Australia's silver is produced from silver-bearing galena, but some is also produced from copper and gold mining.

Refined silver comes mainly from the Port Pirie lead smelter and refinery in South Australia, though silver is also refined at gold refineries in Perth, Kalgoorlie and Melbourne.

But where are the silver mines in Australia, exactly? While it’s interesting to know what types of deposits the precious metal is found in, many investors want to know what companies are producing silver and where their mines are located geographically. Read on to find the answers to those questions.

Where are the silver mines in Australia?

Silver has played a role in Australia since the mid-1800s — Wheal Gawler, Australia’s first metal mine, was a silver-lead mine developed in South Australia in the 1840s. And that’s not Australia’s only early silver-mining operation — the Broken Hill deposit in New South Wales and the Mount Isa deposit in Queensland are two other early Australian silver discoveries.

Broken Hill, a lead-zinc-silver deposit, was discovered in 1883 by German immigrant Charles Rasp, and the Broken Hill Proprietary Company was born in 1885; it ultimately merged in 2001 with another mining giant, Billiton, to form BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT). BHP Billiton is no longer involved with Broken Hill, but ore is still being extracted there today. Perilya now runs the southern and northern operations.

For its part, Mount Isa was discovered in 1923 by John Campbell Miles, and like Broken Hill is still producing today. It was acquired by Glencore (LSE:GLEN) in 2013 and in addition to silver is also a producer of zinc.

These major early Australian silver discoveries are not the country’s only sources of silver. Other silver mines in Australia include Cannington, one of the world’s top primary silver producers. It’s a fly-in, fly-out mining and processing operation that is owned by South32 (ASX:S32,LSE:S32), a diversified resource company spun out from BHP Billiton in 2015. Cannington also produces lead and zinc.

Australia holds the McArthur River mine as well, which opened in 1995 and is owned by Glencore subsidiary McArthur River Mining. The mine is one of the world’s largest zinc-lead-silver mines, and is located in Australia’s Northern Territory.

Glencore’s 2021 annual report claims total silver production reached 31.519 million ounces for the year, representing a 4 percent drop from 2020. That includes 625,000 ounces from McArthur River.

The Century mine, which previously belonged to MMG (HKEX:1208), shut its doors at the end of 2015, but was a major producer of zinc (and silver) until that time. It was reopened in mid-2018 by New Century Resources (ASX:NCZ) and the company says it now has an estimated annual production capacity of 264,000 tonnes of zinc and 3 million ounces of silver.

Independence Group (ASX:IGO) also produces silver, along with copper and zinc, at its Jaguar operation in Western Australia. Gold producer Silver Lake Resources (ASX:SLR) owns some projects with silver reserves as well. As you can see, there are and have been many silver mines in Australia.

Future silver mines in Australia?

In addition to being home to a slew of large silver mines, Australia also plays host to many companies that are exploring and developing silver projects. Below are a few that have made recent progress.

Please let us know in the comments if we’ve forgotten to mention any Australia-focused silver companies. All companies listed had market caps of at least AU$5 million on May 19, 2022.

Argent Minerals (ASX:ARD) — Argent Minerals’ main asset is its 100-percent-owned Kempfield polymetallic project in New South Wales. In May 2018, the company announced an updated resource estimate for the asset — its silver equivalent contained metal now stands at an estimated 100 million silver equivalent ounces at 120 g/t silver equivalent; that’s approximately double the previous estimate.

In total the company has three projects, with all of them being in New South Wales.

Investigator Resources (ASX:IVR) — Investigator Resources is advancing silver, copper and gold deposits in South Australia. Currently its properties include the Peterlumbo/Paris silver project, the Eyre Peninsula and Stuart Shelf projects and the Northern Yorke Peninsula projects.

The total resource for Paris stands at an estimated 18.8 million tonnes at 88 g/t silver and 0.52 percent lead for 53.1 million ounces of contained silver and 97,600 tonnes of contained lead (at a cut off of 30 g/t silver). The indicated component is 12.7 million tonnes of silver (95 g/t) and represents 73 percent of the total estimated resource ounces.

Horizon Minerals (ASX:HRZ) — Horizon Minerals owns the Nimbus silver-zinc project in Western Australia. Nimbus has a high-grade silver-zinc resource estimate of 255,898 tonnes at 773 g/t silver and 13 percent zinc; the total Nimbus resource stands at 1.21 million tonnes at 52 g/t silver, 0.9 percent zinc and 0.2 g/t gold.

Silver Mines (ASX:SVL) bills itself as a leading Australian silver exploration company, and has spent a considerable amount of time acquiring Australian silver projects. Those include Malachite Resources’ (ASX:MAR) Conrad project and Kingsgate Consolidated’s (ASX:KCN) Bowdens silver project.

While the company’s main focus has been on the Webbs silver project in New South Wales, the Bowdens project represents the largest undeveloped silver project in Australia, and Silver Mines is working to get the project through the feasibility, environmental impact statement and permitting stages.

In a 2018 report, the feasibility study demonstrated an average silver production of 3.4 million tonnes per annum for the project, with 5.4 million during the first three years of operation. Estimations also included 6,900 tonnes of zinc and 5,100 tonnes of lead.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ryan Sero, hold no direct investment interest in any company mentioned in this article.

Top News

Global News