Global trends for Maiden Resources and Exploration Drilling for 2017

RSC have compiled an excellent report detailing the global trends with Maiden Mineral Resources reports and Exploration Drilling releases for 2017.

Here is our summary of some of the highlights:

• 88 Maiden Resources reported
  • Most common commodities were gold with 37, silver with 21, copper with 17 and lithium 15
  • The 15 Lithium in 2017 is a significant increase from the 4 reported in 2016
  • 53% were reported using JORC Code, 46% using NI43-101 and 1% SAMREC
  • Ordinary Kriging accounted for 48% of the estimation techniques used, 32% used Inverse Distance, 2% Indictor, 18% were undefined and 2 maiden resources in Australia used Multiple Indicator Kriging
  • 20 reported from Australia
  • 14 from USA
  • Single maiden resource reports were reported on from 23 countries in Africa, Europe and Asia
  • Geomodelling software used: 22% not stated, 15% Surpac, 14% Datamine, 12% Leapfrog, 11% other, 9% Vulcan, 6% Gems, 6% Micromine, 5% MineSight
  • Resource estimation software used: 32% not stated, 17% Surpac, 15% Datamine, 13% other, 8% Vulcan, 7% Gems, 4% Micromine, 4% MineSight
• 3,237 Exploration Drilling reports
  • 42% were reported using JORC Code
  • exploration drilling updates increased in the 2nd half of 2017
  • Australia lead for the location of exploration drilling updates
  • Canada came in a close second
  • the top 6 commodities reported were 2,382 gold, 880 silver, 846 copper, 571 zinc, 428 lead, 202 lithium, 162 cobalt
  • Cobalt was up significantly from the 47 updates in 2016
  • 55 commodities were reported on in 2017
  • 55% of reports were reported under NI43-101, 42% were JORC Code and 3% undefined

You can access the free RSC Resource Reporting Intelligence using this LINK.