January 2015 Strategy of a Junior Company on exploration and extraction.
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Transcript of January 2015 Strategy of a Junior Company on exploration and extraction.
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January 2015
Strategy of a Junior Company on exploration and extraction
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CREATION OF THE COMPANY
Convince the shareholders• Favourable geology• Competent management team • Favourable socio-economic context
Convince the public authorities• Technical abilities• Financial abilities
Convince the general public• Transparency• Sustainable development, responsible mining
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CONCEPTS
Prospected commodities • W, Sn, … Nb, Ta, Li• Cu, Pb, Zn, … Au, Ag, In, Ge … • Au, Sb
Mining model (responsible mining)• Focus on potential future underground mines• Back filling
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MINING MODEL
Economy• “High grade” deposits => good command of the metallogenic models• Medium to large tonnage deposits => assess the whole potential• Adequate capitalisation => appropriate sizing of the infrastructures
Environment• Minimised impact on ground => deep underground mining• Back-filling method• Water and energy-efficient method
Social• Expected lifetime of more than 20 years• Fostering local employment• Post-mining activity: geothermal power plant?
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CHOICE OF LICENSES
Large area, >100 km²• Extensive preliminary metallogenic surveys• High success rate (>10%)• Acceptable environmental requirements• A priori favourable social context (2 neighbouring departments can present opposite
reactions)
Diversification• Be less sensitive to metal price volatility• Focus on critical commodities• Enhance valorisation of all potential co-products
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APPLIED LICENSES LOCATION
Source: Carte Minière de la France, BRGM, 1995
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RESPONSIBLE EXPLORATION
Systematic exploration of the license• Geochemistry: initial environmental
statement (XRF)• Geophysics (VTEM, …)• Exploration drillholes• Objectives : - 500 m, medium to large
size deposits, 20 years of production Appropriate budget : 8 to 12 M€
on 5 yrs on each licence
Technical communication• Keeping continuously informed the
general public, avoiding polemics• Archiving data and results in a
standardised format• Cores storage and preservation
© Fugro
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COMMUNICATION
With the Administration • Respect of the laws• Take an active part in administrative simplification process (Mining
Code reform, …)
With the public• Major challenge: Change the image• Communication in response to media inquiries• Regular meetings with representatives and stakeholders (Chamber
of Agriculture, Mayors, archaeologists, …)• Meetings with “responsible” associations
A new component: “serial opponents” (zadiste in French) or how to communicate with outlaws