You are on page 1of 25

GlobalExploration Global Exploration Trends

CESCOExplorationForum MichaelChender,CEO MetalsEconomicsGroup M t l E i G


April4,2011
MetalsEconomicsGroup,2011

MetalsEconomicsGroup
CorporateExplorationStrategies
Thebenchmarkforexplorationbudgets,trendsandstrategicanalysis More than 3 100 companies directly interviewed Morethan3,100companiesdirectlyinterviewed 2,100activeexplorerscovered

OtherMEGservicesused Other MEG services used


MineSearch ExplorationActivityService StrategicAdvisoryServices IndustryMonitor StrategicReport g p

MetalsEconomicsGroup,2011

Overview
Areviewof2010explorationspending Alookatrecentandcurrentexplorationresults Significantdrillresults Initialresourceannouncements Wh t ill i fl Whatwillinfluenceexplorationspendingthisyear l ti di thi

MetalsEconomicsGroup,2011

Worldwidenonferrousexplorationbudgets

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Worldwideexplorationbyregion(%)

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Top10countriesexploredin2010

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

TopLatinAmericancountriesexploredin2010

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

TopcountriesshareofLatinAmericanexploration

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Worldwideexplorationbystage(%)

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStudies

LatinAmericanexplorationbystage(%)

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Worldwideexplorationbytarget(%)

*Priorto2001,PGMallocationswereincludedinother.
MetalsEconomicsGroup,2011

Source:Corporate ExplorationStudies

LatinAmericanexplorationbytarget%

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Whereiscurrentcopperexplorationfocusing?

2009

2010
Source:Corporate ExplorationStudies

MetalsEconomicsGroup,2011

Worldwideexplorationbycompanytype(%)

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStudies

LatinAmericanexplorationbycompanytype%

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

Significantgoldandbasemetalsexplorationresults

MetalsEconomicsGroup,2011

Source:IndustryMonitor

Potentialnewdiscoveriesbyregion

MetalsEconomicsGroup,2011

Source:IndustryMonitor

Locationofpotentialnewdiscoveriesin2010

28othercountriesaccountfor13%

MetalsEconomicsGroup,2011

Source:ExplorationActivity Services

Initialresourceannouncementsandinsituvalue

MetalsEconomicsGroup,2011

Source:IndustryMonitor

Initialresourceannouncementsin2010byvalue

7othercountriesaccountfor1.5%

MetalsEconomicsGroup,2011

Source:ExplorationActivity Services

Whatwillinfluenceexplorationspendingin2011? Gold,copper,andothermetalspricesarestrong Thehighcostsofacquisition

MetalsEconomicsGroup,2011

Thecaseforexploration

MetalsEconomicsGroup,2011

Source:GoldReserves ReplacementStrategies

Whatwillinfluenceexplorationspendingin2011? Gold,copper,andothermetalspricesarestrong Thehighcostsofacquisition Riskcapitalremainsavailableforjuniorcompanies Risk capital remains available for junior companies Explorationcostsarerisinganddrillsarebecoming tight Lookingforwardchangingperceptionsofcountry risk ik

MetalsEconomicsGroup,2011

Worldwidenonferrousexplorationbudgets

MetalsEconomicsGroup,2011

Source:Corporate ExplorationStrategies

METALS ECONOMICS GROUP


CopperReservesReplacementStrategies June2011 www.metalseconomics.com +19024292880

MetalsEconomicsGroup,2011

You might also like