Business case: Exploration
Exploration is a high-risk business with potential for high return. Exploration projects involve a variety of geological studies and drilling campaigns to confirm the presence of an orebody that can be mined. The presence of historical information and data of previous exploration campaigns plays an important role in developing a mining project. The exploration project requires the development of a geological model and the completion of a Competent Persons Report by a certified geologist.
Exploration projects do not generate cash and are high risk development projects which may lead to the development of a mine. Accordingly, only select financing options are available. These include:
MX Mining Capital Advisors: