Management in Mineral Exploration


Date(s) - Monday, 22/07/2019 - Friday, 26/07/2019
All Day

James Cook University


An EGRU Professional Geologist Short Course

Management in Mineral Exploration

Course Leader: Dr Nick Franey, NJF Consulting



Monday 22 – Friday 26 July 2019



James Cook University, Townsville Campus


In response to feedback from industry, Nick Franey has developed a series of one-day courses based on the EGRU Minerals Geoscience Masters subject, to provide a flexible option for time-poor explorers who are looking to enhance their management skills.

Most of these courses are suited to both technical and non-technical professionals involved in exploration management.

Five one-day modules are offered as individual courses.

Monday 22 July

The Principles and Key Success Criteria of Mineral Exploration Management

  • The Mineral Exploration Business
  • Principles of general management (the management cycle) & a management toolkit
  • Mission, Vision, Exploration Strategy
  • Communication (& Press Releases)
  • Exploration Management Success Criteria (including the McKinsey Study)

Tuesday 23 July

Day-to-Day Management for Mineral Exploration

  • The Exploration Process
  • Exploration Portfolio & Pipeline
  • Key exploration management decisions
  • Exploration methods: Geology, Geochemistry & Geophysics – from a management perspective
  • Engaging consultants
  • Drilling: Planning, the Drill Contract, Rig Supervision, monitoring performance

Wednesday 24 July

Data Management for Mineral Exploration and Feasibility Studies

  • The Geochem/Drilling data – the importance of a relational database
  • Geochem QAQC
  • Managing geophysical data
  • Spatial Data: GIS & maps
  • Technical reports – why they are so important, and how to ensure they get done

Thursday 25 July

The Non-Technical Aspects of Minerals Exploration Management (e.g. HR, Administration Logistics, HSEC)

  • HR: organisational structure, job descriptions, succession planning, teamwork, employment contracts, performance management, staff development & training
  • Admin: asset management, field logistics, tenement administration, budgets & expenditure controls
  • Health & Safety: risk management, promoting awareness, MERP, incident investigations
  • Environment: Approvals, Baseline Studies, Minimising impacts, Rehabilitation
  • Community Relations: engagement, why it matters?, standards & guidelines, sticky issues, security, socio-economic development

Friday 26 July

Financial Aspects of Mineral Exploration and Project Evaluation (for experienced geologists)

  • Introduction to Finance, the market, funding exploration
  • Economic Evaluation of Projects: DCF analysis, building an economic model
  • Project Valuations: Income, Cost- & Market-based methods
  • Accounting Basics: the balance sheet, income statement & cash flow
  • The use of financial ratios

Nick Franey taught the Business and Financial Management subject of the JCU Masters of Mineral Geoscience (MGM) since 2016, working with Andy White until Andy retired.

Nick is an exploration geologist with a broad range of experience, from grassroots to advanced project (feasibility study) and near-mine operations. He has explored for most types of gold and base metal deposit in a variety of geological terranes, in more than 20 countries, on three continents.



Registration Fees per one-day module (AUD inc GST)

EGRU Member $440
AIG Member $605
Non-Member $660

Further information and registration at:


For more information

EGRU Enquiries:
Judy Botting
+61 (0) 7 4781 4726

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