Exploration Geology - SRK

1 Measuring 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. 47 SRK 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. Geoscience Australia identifies only one gold discovery, three base metal discoveries and one molybdenum discovery from decreasing discovery rate is reflected in Australia strongly focused on brownfields drilling, with 63% of expenditure on those targets.

1 Measuring 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 industry. Exploration for mineral deposits – global trends

Loading..

Tags:

  Exploration, Geology, Exploration geology

Information

Related search queries