On the medals table at next year's London Olympics top 5 position is being target by Australian's,despite slipping to eighth on projections from 2010.
The Australian Olympic Committee released recent analysis and put Australia in eighth place behind Russia (97 projected medals), the United States (94), China (93), Britain (48), Germany (47), France (45) and Japan (43).
Following a statistics consists on results from world championships, world cups and major international events held in 2010,the committee assigned Australia number # 8 spot with a projection of 42 medals.
AOC president John Coates said : "A top five position is still very achievable," he told reporters in Canberra on Tuesday.
Coates said a federal government boost of $23 million to high performance sport late last year, along with another $2.5 million for sport, would lift performances which should equate to medals.
"I think that that's enough (money) for us to get back into the top five," he said.
"I think there's enough money and resources to be in there and give it a real shake."
Australia won 42 medals in 2010 which shape up like this , cycling won six, athletics claimed four, sailing nabbed four, rowing collected four and diving won three.
Swimming, which traditionally wins the bulk of Australia's Olympic medals, finished with 14.
At the Sydney 2000 Olympics with 58 medals they finished up at fourth position and same in the Olympincs 2004.
The nation slipped to sixth place with 46 medals at the Beijing Olympics.
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