Reconnaissance Flashcards
Selection of commodity
Planning stage
Type of deposit
Planning stage
Exploration methods
Planning stage
Setting up of an exploration organization
Planning stage
These phases cover the stages leading to the selection of an area for detailed ground work
Reconaissance
This is usually the point at which land is acquired
Recoinnaissance
The process of selecting drill targets within license blocks
Target selection / Drilling
The deposit is then at the stage of predevelopment followed by a feasibility study
Target selection / Drilling
Companies with a substantial capital base generated either from existing mineral production or from investors in stock markets.
Private Sectors
2 Private sectors
Major multinational mining companies
Junior company
Small venture capital companies with one or two geologists.
Junior company
Exploration by individual prospectors
has been an important factor in
countries with large unexplored areas
and liberal land tenure laws
Benefit of Government to Exploration
The role of a _____ usually includes some provision of information on mineral exploration to the government and the private sector.
geological survey
is the primary government agency under the DENR that is responsible for the sustainable exploration, development, utilization and conservation of all mineral resources in public and private lands within the territory and exclusive economic zone of the Republic of the Philippines
Mines and Geosciences Bureau (MGB)
The executive department of the Philippine Government responsible for preparing, integrating, manipulating, organizing, coordinating, supervising and controlling all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution and conservation.
Department of Energy (DOE)
Mineral exploration is a long-term commitment and there must be careful planning of a company’s long- term objectives.
Exploration Planning
This will depend on the areas of growth in demand.
Location of demand for products
Price cycles should be estimated as far as possible and supply and demand forecast
Metal prices
The choice of country for operation is important in an industry which has seen substantial nationalization
Host country factors
Barriers to the entry of new producers are competition from existing producers and the need for capital to achieve economies of scale.
The structure of the mining industry
