People investing money in exploration companies are gaining confidence according to a junior explorer prospecting in North West Queensland.

Syndicated Metals are developing a copper gold deposit near Mount Isa, and have had to sell land tenements and enter partnerships to stay afloat in recent years.

Managing Director Andrew Munckton is confident the worst is behind them.

"The retail investor is seeing light at the end of the tunnel, it's been a very tough time for retail investors and investors in general over the last 18 to 24 months particularly in the resources sector.

"People are starting to see that the green shoots of recovery are starting.

"While the mining industry construction boom has finished, the production boom is starting."