Finding and funding copper Finex 2012 Christopher Welch – Mining Analyst, Ocean Equities
Finding To Mining
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Transcript of Finding To Mining
FINDING TO MINING Rockwatch – Rockstar Awards 2013
CONTENTS • Why do we find and mine
• Finding to Mining Process
• Finding (Exploration)
• Connecting the dots
• Drilling what’s that?
• Geological model
• Mining (Extraction)
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WHY DO WE FIND AND MINE?
COPPER (Cu)
THERMAL COAL
PLATINUM
Money Supplying power to connect
Electricity for our homes
Electricity for our homes and hospitals
Steam powered transport
Spinal implants Hard disks - memory
Catalytic converters
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WHY DO WE FIND AND MINE?
MET. COAL IRON (Fe)
NICKEL (Ni) Transport Medical implements
STAINLESS STEEL
DIAMOND Dentist drills
Surgical equipment
Drills for construction
PHOSPHATE
Agricultural fertiliser to grow crops
NIOBIUM
Pacemakers as hypoallergenic
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FINDING TO MINING PROCESS
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STAGES OF FINDING - EXPLORATION
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• Ore:- ‘a mineral or rock which can be worked economically’
WHAT ARE WE FINDING?
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• Orebody:- ‘accumulation of minerals different from the host rock and rich enough in metal to be worth extracting and selling’
WE ARE FINDING MORE THAN ORE
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WHERE WE START – DECIDING A TARGET
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HOW MANY TARGETS TESTED TO FIND A DISCOVERY?
1000
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Geology
FINDING - CONNECTING THE DOTS
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Geology + Geophysics
FINDING - CONNECTING THE DOTS
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FINDING - CONNECTING THE DOTS
Geology + Geophysics + Geochem
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FINDING - CONNECTING THE DOTS
Geology + Geophysics + Geochem = Drill Target
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DRILLING – WHAT’S THAT?
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DRILLING CONTINUED
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GEOLOGICAL MODEL
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GEOLOGICAL MODEL
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GRADE MODEL - DEPOSIT
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N
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BUILDING AN UNDERGROUND MINE
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AN OPERATING UNDERGROUND MINE
THANK YOU