Exploration and Drilling - Industry

• Exploration companies raise funds to explore a region or deposit
• Also can be referred to as a "Junior Mining Company"
• They drill to find an actual ore deposit
• They analyze the results to infer how much resource their is
• They  also conduct students and estimates in regards to how much money, resources, time, effort, permits, etc. are required to eventually mine the rescue
• May partner with larger companies to develop a mine and bring it production
• Often sell out to larger larger development or production companies who will build out a fully functional mine

• They often have to sell shares to raise additional capital
• They commonly use Warrants to improve the terms of financing deals

• Looking in an area where other minds have been successful is a strong tailwind (vs a remote area no one has explored yet)

Exploration & Drilling Technology

• Traditional Approach
• Drill, blast, excavate, crush, grind, grate, etc (manually & energy intensive work)
• Modern Approaches
• Apply computer software and modern geophysics analysis
• Use improved chemical and nano-technology to extract core metals