Evolution

Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 1
Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 1

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Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 2
Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 2

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Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 1
Graham Banks. EIT Raw Materials pitch images. Sept 17. Mapping geological risks in GIS. Page 1

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Step 1: Start-up funding. Raised

To make Route To Reserves a reality, pitches were made for funding and partnerships: to geological surveys, exploration companies and raw materials consortia.

Success! Start-up funding was awarded by EIT Raw Materials from its 2017 Kick-Starter programme.

Next, to create decision quality workflows for regional-scale exploration targeting of critical metals, and method to assess suitability of a mineral province to an organisation's strategy.

The Exploration Triangle and Route To Reserves Scales of Targeting
The Exploration Triangle and Route To Reserves Scales of Targeting

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Resource Classifications (SPE, 2007)
Resource Classifications (SPE, 2007)

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Province Screening components
Province Screening components

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The Exploration Triangle and Route To Reserves Scales of Targeting
The Exploration Triangle and Route To Reserves Scales of Targeting

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Step 2: Tools to evaluate mineral provinces and strategic fit. Tested

Base of The Exploration Triangle: for a strong foundation. 

Stage 1: Province Screening and Strategy Fit.   

- Regional-scale database organised spatially in GIS.

- Province screening: exploration maturity, key risks.

- Check that regions and licenses fit strategic intent.

- Readiness to assess sub-provinces. Recommendations.

Stage 2: Province and sub-province scales of investigation.

- Detailed exploration and exploitation history.

- Describe and risk favourable, permissive sub-provinces.

- Undiscovered endowment potential.

- Readiness to analyse mineral systems and occurrences.

Example of Regional scale Ranking map, akin to this RRRR process
Example of Regional scale Ranking map, akin to this RRRR process

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Example of Regional scale Common Risk Segment maps of mineral system components, akin to this RRRR p
Example of Regional scale Common Risk Segment maps of mineral system components, akin to this RRRR p

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JORC Code Resource Categories
JORC Code Resource Categories

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Example of Regional scale Ranking map, akin to this RRRR process
Example of Regional scale Ranking map, akin to this RRRR process

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Ongoing: Mineral System Risk Mapping and Ranking.

Compare, risk and rank provinces at mineral system scale.

Combine and advance predictive mineral exploration targeting with probabilistic Play-Based Exploration.

- Quantify and map chance of success.

- Risk and rank prospectivity of districts and license blocks.

- Robust resource categorisation.

= Focus your resources on low exploration risk locations.

A cobalt province-screening study completed for Berkut Minerals.