Aspects of Mineral Exploration Thinking (Society of Economic Geologists article, January 2022)
Conventional wisdom holds that grade beats everything. The author disagrees with that view. The objective of mineral exploration is to find a highly profitable ore deposit, regardless of the grade. That single thought should be constantly on the mind of every explorationist. Low-grade deposits can be very profitable, and some high-grade deposits are unprofitable.
The author ranks continuity of grade as the most important of the technical aspects required for a profitable mine, although it is not the only important thing. Continuity of grade is just one of many important aspects of a mineral deposit including access, infrastructure, jurisdiction, permits, reserve estimates, mining and metallurgical methods, cost estimates, and social and environmental setting, and any one of these aspects can doom a mine development.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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