1887
2nd Australasian Exploration Geoscience Conference: Data to Discovery
  • ISSN: 2202-0586
  • E-ISSN:

Abstract

Summary

The tools of modern exploration developed in the post war and cold war periods are no longer delivering mineral discoveries at the required rate for future economic production. The near surface search space is becoming mature. A new exploration toolkit backed by holistic systems thinking will be required to evolve Modern Exploration 1.0 into Discovery 2.0. Significant discoveries under moderate to deep cover will require new knowledge, new industry and government collaboration, new business and socio-economic models to deliver a step change in discovery rates.

To develop Discovery 2.0 we will need to deal with both the good methods and failing thinking of the past. To be truly great at discovery in 21st century geoscientists will have to step up from being simply good explorers of the modern exploration era.

Discovery thinking will need to embrace systems thinking, risk taking, and cope with ambiguity and uncertainty. Systematic area reduction may not be possible and exploration will rely on recognition of patterns more than anomalies. Lucky teams can be grown and forged by the right exploration leadership. Discoveries will come from good team based business decision making and risk management as much as brilliant geoscience and new technology. Better thinking and more thinking time will be critical factors.

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/content/journals/10.1080/22020586.2019.12072936
2019-12-01
2026-01-21
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References

  1. Dyslexic Mentor article, SEG Newsletter April, 2016
  2. Rowe, R. (and Craske T.E), 2018, Incremental evolution or radical transformation in mineral exploration – A case for change, Discovery 2.0 AGCC2018 abstracts volume, pp794
  3. Schodde, R., 2017, Long-term forecast of Australia’s mineral production and revenue - The outlook for gold: 2017-2057 December 2017 by Richard Schodde - Presentation: Keynote presentation at the CET Members Day, Location: Perth, Australia
  4. Schodde, R., 2017, Long term trends in global exploration – are we finding enough metal? October 2017 by Richard Schodde - Keynote Presentation: Fennoscandian Exploration and Mining (FEM) Conference, Location: Levi, Finland
  5. Schodde, R., 2017, Time delay between discovery and development – is it getting more difficult? September 2017 by Richard Schodde - Presentation: China Mining 2017 Conference, Location: Tianjin, China
  6. Schodde, R., 2017, Challenges of Exploring Under Deep Cover March 2017 by Richard Schodde - Presentation: AMIRA International's Exploration Managers Conference, Location: Healesville, Victoria, Australia
  7. Wood, D., 2014. Crating Wealth and Avoiding Gamblers Ruin – Newcrest Mining Exploration 1991-2006 SEG newsletter January, 2014
  8. Wood, D., 2014 SEG Newsletter, April 2014.
/content/journals/10.1080/22020586.2019.12072936
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  • Article Type: Research Article
Keyword(s): discovery; modern exploration; risk; serendipity; systems thinking; uncertainty
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