Академический Документы
Профессиональный Документы
Культура Документы
Sukmandaru Prihatmoko
Ikatan Ahli Geologi Indonesia (IAGI)
Masyarakat Geologi Ekonomi Indonesia (MGEI)
EXPLORATION MANAGEMENT
TALK OUTLINE
EXPLORATION MANAGEMENT
Successful Companies since 1950
World Gold Discoveries 1950 - 2010
(Schodde, 2011)
Top 10 Gold Producing Countries in The World
(Tonnes)
450
403
400
350
300
250
250 230 Gold Production
205 (Tonnes)
200
170 165
150
102 102
100 90 89
50
Source: www.celebritynetworth.com
Top 10 Copper Producing Countries in The World
(000 Tonnes)
6000 5700
5000
4000
2000 1650
1300 1220
990 930 900
1000 830
630
480
0
Chile China Peru United States Australia Russia Congo Zambia Canada Mexico
Source: http://minerals.usgs.gov/minerals/pubs/commodity/copper/mcs-2014-
coppe.pdf
INDONESIA GOLD PRODUCTION (1990-2013)
Source: ESDM (2014); KITCO (2014): USGS (2014)
9,000 1,800.00
1,700.00
8,000 1,600.00
1,500.00
7,000 1,400.00
1,300.00
6,000
1,200.00
Gold Production
(Ounce) 1,100.00
*in thousand 5,000
1,000.00
900.00 Gold
4,000
800.00 Price
(USD)
700.00
3,000
600.00
2,000 500.00
400.00
1,000 300.00
200.00
0 100.00
1990.0
1991.0
1992.0
1993.0
1994.0
1995.0
1996.0
1997.0
1998.0
1999.0
2000.0
2001.0
2002.0
2003.0
2004.0
2005.0
2006.0
2007.0
2008.0
2009.0
2010.0
2011.0
2012.0
2013.0
Year
INDONESIA COPPER PRODUCTION
(1990-2013)
Source: ESDM (2014); LME (2014): USGS (2014)
10,000.00 1,400
9,000.00
1,200
8,000.00
6,000.00
800
5,000.00
600
4,000.00
3,000.00
400
2,000.00
200
1,000.00
- -
1996.0 1997.0 1998.0 1999.0 2000.0 2001.0 2002.0 2003.0 2004.0 2005.0 2006.0 2007.0 2008.0 2009.0 2010.0 2011.0 2012.0 2013.0
TALK OUTLINE
EXPLORATION MANAGEMENT
MINERAL (Au-Cu) DEPOSITION
Hydrothermal system in volcanic arc
(Corbett and Leach, 1998)
Hydrothermal Manifestation on Surface
Chloride Complexes
Au + 2Cl- + H+ ===== AuCl2- + 1/2H2
Ag2S + 2H+ + 4Cl- ===== 2AgCl2- + H2S
PbS + 2H+ + 2Cl- ===== PbCl2 + H2Saq
Bisulfide Complexes
Au + H2S +HS- ===== Au(HS)2- + 1/2H2
Time
Meteoric Water
ORE
Hydrothermal
T, P, pH, etc <<< DEPOSITS
Fluids
Magmatic Water
GOLD DEPOSITION
Free gold/ native Au
Electrum (Au + Ag), telluride
In association/ locked into sulfides (chalcopyrite, arsenopyrite,
galena, sphalerite, etc) refractory gold
GOLD RICH QUARTZ VEIN
MAGMATIC ORE SYSTEMS (After Corbett, 2005)
TECTONIC CONTROLS OF GLOBAL Au RESOURCES
(Goldfarb, 2009)
WORLD PRESERVATION OF PORPHYRY+EPITHERMAL AND OROGENIC Au
(Goldfarb, 2009)
INDONESIA GOLD DISTRICTS : (1900 1945)
Kalimantan North
Alluvials Sulawesi
Mangani
Lebong
Cikotok
Indonesia Gold Production / 1900-1989
30 Sumatra
CoW
20
0
COW GENERATION AND STATISTIC
. LS Epithermal (Au)
. HS Epithermal (Au)
Lanut Gosowong
Buduk Mt. Muro
Kelian Kencana
Mesel
Rawas Mirah
Lb Tandai Mt. Muro West
Cibaliung
Wetar
Cikidang
Batu Hijau
INDONESIA GOLD (+COPPER) MINE LAPSE TIMES
Contract
Mine Owner Status Production Lapse
Signed
Mine 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
Grasberg
Lebong Tandai
Alluvials
Wetar
Kelian
Pongkor
Mt. Muro
Mesel
Rawas
Gosowong
Cikidang
Batu Hijau
Mt. Muro West
North Lanut
Buduk
Kencana
Cibaliung
Toka Tindung
Mirah
Martabe
Porphyry VMS
. LS Epithermal (Au)
. HS Epithermal (Au)
Pungkut
Tombulilato
Jelai-Mewet Kaputusan
Motomboto
Bt Tembang Paboya
Ojolali Wabu
Selogiri Awak Mas
Elang
Cikondang
N = 110
(published papers, news releases, and unpublished reports
Deposit Type
MAGMATIC ARCS vs GOLD ENDOWMENT
Non Magmatic Arc:
Total Au: 237 Moz 0.76 Moz (Metamorphic Hosted
Gold)
INDONESIA GOLD ENDOWMENT
Au (Moz) (status by Dec 2013)
Au (Moz)
140.00&
120.00& 113.52&
Magmatic Arc
100.00&
80.00&
68.69&
60.00&
20.00& 14.88&12.44&
10.94&
5.12& 4.09& 3.83& 1.53&
0.76& 0.51& 0.46& 0.38&
0.00&
&
&
Eastern&
Sulawesi&
Western&
Kalimantan&
&
Sulawesi&
Halmahera&
Banda&
MoonJUtawaJObi&
MeratusJSumatera&
Papua&
Arc&
Schwanner&
Aceh&
Sunda&
&
Sunda&
&
North&
&
West&
Central&
MagmaI c&
Non& &
TALK OUTLINE
EXPLORATION MANAGEMENT
STAGES IN MINING (MINERAL EXTRACTION) INDUSTRY
Geoscientist
EXTRACTION &
Geological
MINERAL PROCESSING
Knowledge/
DEPOSIT (good mining
Exploration Skill
practices)
Discovery Feasibility
Study
Why explore?
Where, what and how to explore?
Can we make a discovery?
Can we mine?
Can we make a profit?
Can we repatriate?
CHARACTERISTICS OF MINING BUSINESS
Remote area, far from community/ civilization
Minimum infrastructure support
Capital intensive
Sensitive to commodity prices
Sensitive to social and environmental issues
Non-renewable
Long exploration period (3-10 years)
WHY EXPLORE?
Maintain or increase return on investment
Maintain or increase depletion of ore reserves which are the asset base of mining
Remain competitive in the industry
Diversify
Control raw material sources for mineral processing and/ or marketing ventures
Review of Exploration/ Mine Targets
E P ITH E R M A L
500m A u - A g V e in
+ 3 M t O re
L if e < 1 0 Y e a r s
200m
1 0 m w id e
700m
2 0 0 m w id e
350m
PO RPHYRY S TO C K W O R K 200m
C u - A u S to c k A u - A g S w a rm
+ 4 0 0 M t O re + 3 0 M t O re
L if e > 2 0 Y e a r s L if e 5 - 1 0 Y e a r s
A M C 9 9 1 0 6 /O C T .9 9 /S P 4
MINERAL EXPLORATION PROCESS
Area of Interest Odds of finding
economic deposit
Time Cost/Km2 Typical Stage Method
<1:100,000
Area Selection
In-house expertize
Published data review
1-6 100-10,000Km 2
To select, regions with favourable mineral potential and
$2-5 Mineral deposit models
months >1:5,000 secure exploration/ mining contract/ licenses literature studies
Geology
Reconnaissance Geochemistry
3-12 100-1,000Km 2
$100- To indetify mineralized areas and screen-out those not worth Image interpretation
months 500 >1:1,000 further exploration Geophysics
Geology
$500,000- Exploration Drilling
1-2 2-5Km2 1 million To preliminarily define deposits in 3D, estimate indicated Geochemistry
years resources and screen-out worth further investigation Geophysics
>1:10
Geology
1-3Km2
Detailed Exploration Drilling
To delineate ore bodies in detail, estimate measured resources, provide Resource estimation
$3-1 million sufficient data to allow reserves to be estimated and allow a decission Metallurgy
2-3
to be made whether to proceed to a feasibility study Geotechnical
years Mine design
Environmental
>1:2 Financial
P lio - A n d e s i t ic d o m e s a n d d y k e s
P l e is t o c e n e V o l c a n i c la s t i c r o c k s
5 9 020 000N
L a te M io c e n e - C o r a lli n e l im e s t o n e
E a r ly P lio c e n e
D a c it ic v o l c a n ic l a s t i c s e q u e n c e
A n d e s i t ic v o lc a n i c la s ti c r o c k s
V o l c a n i c c o n g lo m e r a t e
V o l c a n i c l it h i c b r e c c ia
E a r l y to
M i d d le M io c e n e L im e s to n e
V o lc a n ic s a n d s to n e
U n d i ff e r e n t i a t e d v o lc a n ic a n d v o lc a n i c la s t i c r o c k s
I n tr u s i o n s
M id - P lio c e n e D ia tr e m e b r e c c ia B A T U H IJ A U
T o n a l it e p o r p h y r y
P o r p h y r i t i c t o n a l it e
E q u i g r a n u la r q u a r t z d i o r i t e 9 0 0 'S
U n d i ff e r e n t i a t e d q u a r t z d i o r i t e
L a te M io c e n e P o r p h y r i t i c a n d e s it e a n d m i c r o d i o r i t e
S y m b o ls 9 000 000N
Q u a r t z v e in z o n e
F a u lt
T o p o g r a p h i c li n e a m e n t B
I N D I A N O C E A N
B a t u H i j a u u lt i m a t e p i t
25
B e d d in g
(Courtesy of PT NTT)
Sumbawa - Newmont
N
5 k ilo m e te r s
9 020 000N
LEG END
Ten em en t b o u n d ary
M a j o r li n e a m e n t
M in o r lin e a m e n t
B a tu H ija u u ltim a te p it
9 010 000N
G O L D (P P B ) R A N G E
> 200
100 - 200
50 - 100 9 0 0 'S
30 - 50
10 - 30
5-10
9 000 000N
I N D I A N O C E A N
(Courtesy of PT NTT)
Sumbawa - Newmont (Courtesy of PT NTT)
SW Sumbawa - Geochemistry & Geophysics
S tr e a m S e d im e n t G e o c h e m is t r y -8 0 # C u Stream Sediment Geochemistry
Geochemistry -80 # Au
Au
So u th w e st Su m b aw a Southwest Sumbawa
T a n ju n g Je le n ga
J e re w e h H ijr a h Tanjung Jelenga
Hijrah
J e re w e h
Jereweh Jereweh
T e lu k B e n e t e B e n e te
Teluk Benete
> 10 ppb
Benete
M A LU K > 50 ppm > 30 ppb
C .o .W B o u n d a ry Gold Ridge
> 100 ppm MALUK
C.o.W. Boundary > 120 ppb
T e lu k M a lu k
> 1000 ppm Teluk Maluk
Sekongkang
G o ld R id g e
PROSPECT LOCATION
K a ta la P r o s p e c t lo c a tio n Katala
S ekongkang
S ekongkang
T a n ju n g A m a t Bam bu
L o w e r S e jo r o n g
B A T U H IJ A U
N O R TH
Tanjung Amat
Lower Sejorong
BATUHIJAU
T a n ju n g M a n g k u n
To n g o W E Tanjung Mangkun
Bambu NORTH
S e jo r o n g Tongo Veins Teluk Puna
T e lu k P u n a S Sejorong
0 6K m W E
0 S 6Km
T e lu k P u n a
P R O J E C T Teluk Puna
P R O J E C T
J e re w e h
J e re w e h
H i jr a h
T e lu k B e n e t e B e n e te
M ALU K > 1 . 5 % P o ta s s iu m
C .o .W B o u n d a ry
Te lu k M a l u k
P r o s p e c t lo c a t io n
G o ld R id g e
K a ta la
S eko ng kang
S ekongkang
B a m b u V e in
T a n ju n g
NORTH
Am at
L o w e r S e jo r o n g B A T U H IJ A U
Batu Hijau N O R TH
W E Ta n ju n g M a n g k u n
Tongo W E
S S e jo r o n g T e lu k P u n a
0 5Km S
0 6Km
2/23/17
P R O J E C T P R O J E C T Te l u k P u n a
Sumbawa - Newmont (Courtesy of PT NTT)
Batu Hijau Surface Signatures
S o il G e o c h e m is t r y - C u p p m S o il G e o c h e m is t r y - A u p p b
B a t u H ija u D is t r ic t - S u m b a w a B a t u H ija u D is t r ic t - S u m b a w a
N O RTH
W E
B A T U H IJ A U B A T U H IJ A U
0 1000m
< 500 ppm > 1000 ppm
P R O J E C T P R O J E C T
B A T U H IJ A U
2/23/17
P R O J E C T
Sumbawa - Newmont (Courtesy of PT NTT)
Batu Hijau Surface Signatures
G rr oo u nn d M aa gg n e t iic ss II m a g e ( T o t a l fi e l d r e d u c e d t o t h e p o l e ) G r a d ie n t A r r a y - C h a r g e a b ilit y I m a g e
B a t u H ija u D is t r ic t - S u m b a w a B a t u H ija u D is t r ic t - S u m b a w a
B A T U H IJ A U B A T U H IJ A U
0 1000m
< 4450 nT > 5750 nT
P R O J E C T P R O J E C T
G r a d ie n A r r a y - R e s is t iv it y I m a g e
B a t u H ija u D is t r ic t - S u m b a w a
N O RTH
W E
B A T U H IJ A U
P R O J E C T
Batu Hijau - Metal Zoning - Cu, Mo & Zn (Courtesy of PT NTT)
478 000m E 480 000m E 482 000m E 484 000m E 486 000m E 488 000m E
9 012 000m N
9 012 000m N
ID U L F IT R I
W ES T N AN G KA
S E KO N G KAN G
EAS T N AN G KA
B E
H
A A IR M E R A H
A gang B r. N a n g k a
T a tu k
G O L D R ID G E KATALA
9 010 000m N
9 010 000m N
ARU N G ARA
B ARAKE B O
KATALA
C D S O U TH
B A T U H IJ A U
9 008 000m N
9 008 000m N
B A M B U V E IN
G S YSTEM
F
C o n c e n tr a to r s ite
M E T A L Z O N A T IO N
T h r e s h o l d ( % ti l e ) ELEM ENT
L im it o f s o il a n d tr e n c h d a ta TO N G O LO K A
90 C opper > 350 ppm
A B S c h e m a t i c s e c t i o n l in e
9 006 000m N
95 C opper > 500 ppm
75
T o p o g r a p h ic c o n to u r ( 5 0 m in te r v a l) N
M o ly b d e n u m > 7 p p m
95 M o ly b d e n u m > 2 5 p p m P r im a r y a c c e s s r o a d s 1 0 0 0 m e te r s
2/23/17
75 Z in c > 1 5 0 p p m S tr e a m
O u t li n e o f 0 . 5 % C o p p e r a t 3 0 7 . 5 m a s l a s m o d e l e d f o r t h e B a t u H i j a u d e p o s i t. U l t i m a t e p it o u tli n e
( r o a d d e t a il s n o t s h o w n w i t h i n t h e p it o u tl i n e )
N o t e : M e t a l z o n a t i o n i n f e r r e d f r o m s o il s a m p le , b e d r o c k tr e n c h a n d o u t c r o p s a m p le r e s u l t s .
478 000m E 480 000m E 482 000m E 484 000m E 486 000m E 488 000m E
Batu Hijau - Pit Geology (Courtesy of PT NTT)
485200 E 486400 E
Y o u n g T o n a lite
In tr u s iv e B r e c c ia
In te r m e d ia t e T o n a lite
In tr u s iv e B r e c c ia
E q u iq r a n u la r Q u a r tz D io r ite
P o r p h y r itic Q u a r t z D io r it e 9009400 N
P o r p h y r itic A n d e s ite In tr u s iv e
V o lc a n ic L ith ic B r e c c ia
F in e G r a in e d V o lc a n ic la s t ic s
Q u a r tz D io r ite U n d iffe r e n tia te d
F a u lt
9008200 N
Batu Hijau - Pit Alteration
(Courtesy of PT NTT)
4 8 5 0 0 0 E 4 8 5 6 0 0 E 4 8 6 2 0 0 E
9 0 1 0 2 0 0 N
M o d e r a te to S tr o n g S e c o n d a r y B io tite
M a f ic P a r tly A lt e r e d t o S e c o n d a r y B io t ite
S e r ic ite - C h lo r it e + /- C la y
F e ld s p a r D e s tr o y e d ( C la y - M ic a )
9 0 0 9 6 0 0 N
F e ld s p a r D e s tr o y e d ( T e x tu r e P r e s e r v e d )
F e ld s p a r D e s tr o y e d (T e x tu r e D e s t r o y e d )
E p id o te P r e s e n t
E p id o t e P r e s e n t
9 0 0 9 0 0 0 N
9 0 0 8 4 0 0 N
300 m R L
0 m RL
Ultimate Pit
-3 0 0 m R L
400 m R L
200 m R L
0 m R L
P it Y e a r 2 0 1 5
-2 0 0 m R L
-4 0 0 m R L 0 250
M e te rs
400 m R L
200 m R L
0 m R L
P it Y e a r 2 0 1 5
-2 0 0 m R L
-4 0 0 m R L 0 250
M e te rs
To
2 biod hnb
clast Ty hnb
cm scale
(Courtesy of PT NTT)
BATU HIJAU - OREBODY SHAPE
(Courtesy of PT NTT)
BATU HIJAU MINE
BATU HIJAU PROJECT LAYOUT
(Courtesy of PT NTT)
CIBALIUNG - BANTEN
INDONESIA
J a k a rta
C ib a liu n g
Cibaliung Geology
0
S C A LE
B a s a lt f lo w s
S e d im e n t s P o s t-M in e r a l
C ib a liu n g tu ff
H o n j e v o l c a n i c s P -r e - M i n e r a l
V e in
F a u lt
M o d ifie d fr o m M a r jo r ib a n k s ( 2 0 0 0 )
Schematic Section of Cibaliung
NE
SW V V V V V V
V V V V V V V V V
V V V
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S
. . . . . . . . . . + . . . . . . . . . . . . . . . S S S S S S S S S
. . . . . . . . . . . . . . . . . . . .
S S S S S S S
+ + + S S S S S S
S S S S
+ + + S S S
+ + +
+ + +
+ +
+ + +
+ + +
+ + + +
+
+ + +
+ + +
+
+
+ +
+ +
+ E P IT H E R M A L
+
+
+
+
+
V E IN S
In tr u s iv e In tr u s iv e
c o m p le x c o m p le x
N O T TO S C A LE
P o s t - M in e r a l S e q u e n c e P r e - M in e r a l S e q u e n c e
V
V
V B a s a lt f lo w s H o n je v o lc a n ic s F a u lt
S S S e d im e n t s +
+
+ In tr u s iv e s
. . . . .
. . . . .
. . . . . C ib a liu n g T u ff D ia tr e m e B r e c c ia
M o d ifie d a f t e r M a r jo r ib a n k ( 2 0 0 0 )
Cibaliung -Vein Zones & Drill Location
570200 m E
569400 m E
9254600 m N
C ik o n e n g
Shoot
9254200 m N
0 200m
SC A LE
9253800 m N
C ib itu n g
V e in z o n e
Shoot
S hoot
H o le L o c a tio n
9253400 m N
C ib e b e r
569800 m E
160m R L
80m R L
0m R L
- 80m R L
- 160m R L
Geological Prospectiveness
EXPLORATION MANAGEMENT
EXPLORATION MANAGEMENT
Psychological Factors
.a dream.
If you dont have a dream, how you gonna make your dream
come true?
1. Challenge
2. Culture
3. Confidence
4. Organizational structure
5. Focus
6. Skill
7. Timing
8. Business sense
9. Persistence
KEY ASPECTS IN EXPLORATION MANAGEMENT/ SUCCESS
1. Greenfield
a. Along magmatic arcs going deeper and under cover
b. Unconventional deposits
2. Brownfield
. Old gold districts
3. Project/ mine acquisition