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🧵The #nickel #exploration success rates by #ASX companies are better in 2022 than the commonly cited 1/1000.
We counted 53 exploration campaigns that focused on new exploration targets. No appraisal, resource drilling.
Of these, 70% were maiden exploration.
We counted 53 exploration campaigns that focused on new exploration targets. No appraisal, resource drilling.
Of these, 70% were maiden exploration.
2/5
30% of the companies drilled historical discoveries/mines. Not suprisingly these yielded no significant results.
Maiden exploration: 15 found no mineralisation, 13 only occurence, but we also had 1 discovery. Yet to be confirmed as significant.
30% of the companies drilled historical discoveries/mines. Not suprisingly these yielded no significant results.
Maiden exploration: 15 found no mineralisation, 13 only occurence, but we also had 1 discovery. Yet to be confirmed as significant.
3/5
From the 53 projects only 5 drilled in the favourable tectonic setting and had quality geochemical/geophysical anomaly support.
These are the targets we should be drilling more! Results are still pending from #S2R and $ADD in this group.
From the 53 projects only 5 drilled in the favourable tectonic setting and had quality geochemical/geophysical anomaly support.
These are the targets we should be drilling more! Results are still pending from #S2R and $ADD in this group.
