Value and Safety In Modern Mining
Discover why brownfield drilling strategies can offer better returns and lower risks for mining investors. Dive into the article to learn more.
Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?
I have worked as a geologist for more than 15 years, focusing on underground narrow-vein gold systems, resource development, and production geology. I hold an MSc in Exploration Geology and a Diploma in Project Management. My background includes brownfield resource expansion, infill drilling strategies, grade control, and 3D geological modeling with Datamine, Deswik, Geotic, and Surpac. I have led down-plunge exploration projects and collaborated with technical services to connect exploration results with mine planning and production needs.
Q2. From a capital allocation perspective, do companies get a better "Value for Money" in drilling deeper at Brownfield sites or stepping out into new Greenfield targets?
From a capital efficiency standpoint, deeper drilling at brownfield sites generally delivers superior risk-adjusted returns. Leveraging existing infrastructure, well-understood geology, and proven metallurgy reduces uncertainty and significantly lowers capital expenditure.
Greenfield exploration can create big value, but it comes with much higher risks in geology, permitting, and timelines. In most cases, careful brownfield drilling gives more reliable value for each exploration dollar spent.
Q3. In your experience, what is the typical conversion rate of…
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