Exploration Targeting in a Business Context

Presentation: Fennoscandian Exploration and Mining Conference,
Location: Finland

This was a keynote paper for the 2009 Fennoscandian Exploration and Mining Conference in Finland.

It summarises, the Centre of Exploration Targeting (CET)’s strategic thinking on how to do exploration.

Key observations are:

  • The Mineral industry will be forced to undergo a paradigm shift over the next ten years to a focus on seeking quality greenfields discoveries
  • More dependence on accurate conceptual targeting
  • Exploration systems that closely estimate probability of success and monitor performance
  • Development of exploration technologies that will allow industry to explore new search spaces cost effectively
  • The petroleum industry was forced to commence this shift over 30 years ago. The mineral industry is behind the times.

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