Exploration Geology - SRK

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1Measuring the effectiveness of geological Exploration and looking for trends that will lead to improved Exploration success are key drivers for continued investment in the Exploration for mineral deposits global trendsNo. 47SRK Consulting sInternational NewsletterExpenditure on Exploration in Australia, for example, reached a peak in 2008, which reflects a massive increase in Exploration for iron ore resources and, to a lesser extent, coal resources. The correction after the global financial crisis in late 2008 resulted in a significant drop in 2009 up to 42% globally, most of which was recovered in non-ferrous mineral Exploration expenditures in Australian Bureau of Statistics report on current trends shows continuing strength, but the return on expenditure on new deposits has been disappointing.

2 Exploration for mineral deposits (continued) Both areas present significant exploration challenges if the cost of discovery is to remain within economic bounds.

  Exploration, Geology, Exploration geology