Abstract. Speleothems (cave deposits), used for palaeoenvironmental reconstructions, are deposited from cave drip water. Differentiating climate and karst processes within a drip-water signal is fundamental for the correct identification of palaeoenvironmental proxies and ultimately their interpretation within speleothem records. We investigate the potential use of trace element and stable oxygen-isotope (δ¹⁸O) variations in cave drip water as palaeorainfall proxies in an Australian alpine karst site. This paper presents the first extensive hydrochemical and δ¹⁸O dataset from Harrie Wood Cave, in the Snowy Mountains, south-eastern (SE) Australia. Using a 7-year long rainfall δ¹⁸O and drip-water Ca, Cl, Mg / Ca, Sr / Ca and δ¹⁸O datasets from three drip sites, we determined that the processes of mixing, dilution, flow path change, carbonate mineral dissolution and prior calcite precipitation (PCP) accounted for the observed variations in the drip-water geochemical composition. We identify that the three monitored drip sites are fed by fracture flow from a well-mixed epikarst storage reservoir, supplied by variable concentrations of dissolved ions from soil and bedrock dissolution. We constrained the influence of multiple processes and controls on drip-water composition in a region dominated by El Niño–Southern Oscillation (ENSO). During the El Niño and dry periods, enhanced PCP, a flow path change and dissolution due to increased soil CO₂ production occurred in response to warmer than average temperatures in contrast to the La Niña phase, where dilution dominated and reduced PCP were observed. We present a conceptual model, illustrating the key processes impacting the drip-water chemistry. We identified a robust relationship between ENSO and drip-water trace element concentrations and propose that variations in speleothem Mg / Ca and Sr / Ca ratios may be interpreted to reflect palaeorainfall conditions. These findings inform palaeorainfall reconstruction from speleothems regionally and provide a basis for palaeoclimate studies globally, in regions where there is intermittent recharge variability.