Exploration
funnel

We have developed a standardized exploration process for managing exploration portfolios.

We take a funnel approach to our project portfolio. Starting with a large amount of early stage targets, and gradually maturing the portfolio to identify 1 ore body with world class economic potential.

Funnel stage.png

 

Stage 0

AI Analysis (cloud computing and geology review)

Product: Drill-ready exploration project.

Criteria: 1-2 hypotheses for ore body location & genesis, Potential for economically viable ore body.

 

Stage 1

Field testing (geology field trip to test predicted sites)

Product: Metal prospect.

Criteria: Geochemistry anomaly, Ore-related mineralogy.

 

Stage 2

Geological assessment (geology mapping field trip)

Product: Drill-ready exploration project.

Criteria: 1-2 hypotheses for ore body location & genesis, Potential for economically viable ore body.

 

Stage 3

Locating the ore body (3 diamond drill-holes)

Product: Located ore body.

Criteria: Ore grade >0.5% CuEq & indicative alteration, Intersection thickness is > 30 meters, Reasonable potential for > 500 Million tonnes at depth of < 500 meters.

 

Stage 4

Evaluating the economic potential (4 diamond drill-holes)

Product: Ore body with high potential.

Criteria: Ore grade >1% CuEq, Intersection thickness is > 30 meters, Reasonable evidence to assume the potential for > 500 Million tonnes at depth of < 500 metres.