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.
