Overview: Gloom or Boom?
1. Trends in global exploration spend
Forecast future spend out to 2020 & financing issues for Junior Companies
2. Trends in discovery rates
Where were the discoveries made? Current “Hot Spots” for exploration
3. Trends in discovery performance
Which Regions did better? Factors impacting on discovery performance
4. Trends in the types of exploration methods used
Geophysics versus geochemistry versus “nearology”
5. Trends in discovery costs
Unit discovery costs ($/oz, c/lb) are rising
6. Are we finding enough metal?
To be sustainable we need to find enough to replace what we mine