Two new podcast episodes are now available!
One of the main non-technical challenges in mineral exploration is getting investment. Overwhelmingly, companies seem to favour becoming a publicly listed company on a stock exchange to raise funds. The challenge there is how to effectively engage a largely uninformed investor base and retain them over the long term. Maybe we would be better off with a private funding model for early stage exploration – similar to venture capital firms funding startups. Irrespective of how we get funding, we need to remember to run exploration like a business.
Tony Manini is the Co-Founder and Executive Director of a private equity firm called EMR Capital.
We often suffer from a time lag between acquiring data and using it to make a decision. If only we could get the data quicker, we would be so much better at what we do. Maybe this explains our obsession in developing technology that provides us data in real time. But we are forgetting something. It is not about getting the data quicker, it is about being able to make better decisions faster. Like the petroleum industry, we want real time “answer products” – not just real time data.
In this episode, we are joined by Michelle Carey from IMDEX and Marcus Lake from Olympus, two companies that are at the forefront of developing technology to assist with real time decision making.
AIG is a proud sponsor of Exploration Radio. Access the podcasts using your favourite podcasting application or via the Exploration Radio website.
Gold18 will be held in Perth, 2-3 August 2018.
Gold18 is aimed at geoscientists involved with gold exploration and mining and is being convened by AIG in collaboration with geosymposia.com.au.
The symposium will feature:
The session themes encompass:
AIG Victoria branch will hold their annual conference on Friday 13 October 2017 on the smart and successful use of innovative technology and data. The conference will be held at Macedon, a short country drive from Melbourne airport.
This conference provides the opportunity for geoscientists who have made smart discoveries using smart technology to showcase their results. The conference additionally provides the opportunity for innovative technology companies to showcase their smart products.
Topics to be covered include:
Call for speakers: Four sessions will be held for 12-16 speakers. Presentations are 20 minutes each plus 5 minutes for questions. No abstracts or papers will be required, instead authors are requested to provide a copy of their presentation for the AIG conference web site. Please include a brief biography when submitting your request to present.
Sponsorship & Exhibition Booths: Packages are available. Exhibition booths are restricted to the first 15 applicants. Booths include a table and 2 chairs. Please nominate when registering if you prefer to bring your own banners or require a 1.8 m x 1.0 m poster board.
For further information and to register your interest please contact:
Phone: 0417 506 051
This conference is the premier Australian mining geology forum and has developed strong international support since the first event in 1990. Interested in attending, sponsoring or exhibiting at the Conference? Visit www.mininggeology.ausimm.com.au.
The Tenth International Mining Geology Conference 2017 will feature a 3 day technical program of peer reviewed papers presented in multiple formats such as standard conference presentations, snap shot presentations and poster presentations. The program will include Q&A sessions plus an extensive program of networking events to continue the exchange of technical knowledge.
Setting new standards
The conference will host an extensive tour and workshop program to maximise learning opportunities for delegates.
Senior Coordinator, Events
Phone: +61 3 9658 6126
A well-known mining consultant said at the conclusion of the Gold17@Rotorua conference recently that contrary to many views in Government and industry observers gold exploration has been a successful business.
Julian Vearncombe of Perth-based SJS Resource Management, who was a principal organiser of the conference, gave the final presentation yesterday and pointed to some of the negatives that explorers have faced.
This included the decreasing probability of mineral discoveries with costs increasing, companies needed to make world-class finds, and a need to replace explorers with digital technology.
He said that contrary to these perceptions New Zealand and Australia through successful gold exploration had paradigm-changing growth in the 1980s and this was followed by consistent production.
Early drilling, he told delegates, was essential in all exploration.
Gold was being found at times when the gold price was low, and there was great success at brownfields exploration in NZ, Australia and Nevada.
Companies were finding gold in half-million ounce parcels and these can grow through brownfields exploration into world-class deposits.
In recent hears Australia has moved ahead of the once-dominant South Africa, the United States and Canada in production but more recently in terms of the gold price.
Since the 1980s Australia’s gold production has soared, helped by technological advances with oxide and refractory ore treatment. The national output peaked above 300 tonnes per annum in the early 2000s, dipped to about 220t but was now above 250t pa.
From the growth in production, the role of the gold price and its relation to the $A price against the $US, was shown in a graph, with dominant phases being in the 1979-83 period when the gold price peaked around $A1,600/oz and again between 2007-09 when it was in the $A1,700/oz range.
He cited some of the greenfield discoveries in WA once too small to mention included Jundee (1992) 1.3 million oz; Kanowna Belle (1987) 101,276 oz, Plutonic (1988) 515,600 oz, Frogs Legs (2000) 339,000 oz and Centenary at Darlot (1995) 365,000 oz. Most of these mines are going strongly and deeper today.
24 February 2017
This article was originally published in NZResources magazine and is reproduced here with the publisher’s permission which is gratefully acknowledged.