Project generation & joint ventures
Ground identified, tested and brought to a partner with the work already done and the assumptions written down — not a prospectus.
Project generationJoint venturesEarn-in structures
Ground identified, tested and brought to a partner with the work already done and the assumptions written down — not a prospectus.
Project generation is the part of exploration that pays for itself least reliably and matters most. We run it continuously across our three jurisdictions: ranked ground from the satellite pipeline, checked against the cadastre, pegged where it is open, and first-pass tested by our own crews.
What we bring to a partner is therefore a tested project rather than a concept. The sampling is ours, the QA/QC is documented, and the reasons we believe what we believe are written down where you can disagree with them.
Structures are conventional: earn-in against a spending commitment, a straight joint venture with contributed assets, or an outright sale of the tenement. We have no preference and no house structure we push everybody into.
Everything we did on the ground goes into the data room, including the parts that did not work. A generator who only shows the good holes is selling you their own mistakes.
Stages one and two are at our cost and our risk. That is what makes the conversation at stage four a straightforward one.
Regional targeting across open ground, ranked and cross-checked against the mining cadastre.
Ground pegged or applied for, at our cost, before it is discussed with anybody.
First-pass mapping and sampling by our own crews, documented to the standard we would want to receive.
Data room opened, structure agreed — earn-in, joint venture or sale — and the work programme set out.
Stated here so that the first conversation can be about the work rather than about how we charge for it.
| Structure | How it typically works |
|---|---|
| Earn-in | Partner earns a stated percentage against an agreed spend over an agreed period, with milestones |
| Joint venture | Contributions in cash, equipment or crews, with dilution provisions written in from the start |
| Outright sale | Tenement and dataset transferred for cash, with a retained royalty by negotiation |
| Our contribution | Ground, data, local presence, equipment and crews — we can operate the programme if wanted |
| Data room | Complete, including negative results and the raw assay files |
| Exclusivity | Granted for a stated period during due diligence, in writing |
Only if the partner wants one. We are equipped to run the programme and it is usually the cheapest way to execute, but the structure does not depend on it.
It changes constantly, which is the nature of generative work. Ask and we will tell you what is currently available and what is spoken for.
Yes, and we would encourage you to look at them. What a generator discards tells you more about their standard than what they promote.
Yes. Where you hold ground and want it tested to the same standard before deciding, that is a consultancy engagement and is priced as one.
Tell us what you are looking for — jurisdiction, stage, structure — and we will tell you what is currently in the portfolio and what stage the work has reached.