Lithium resources in Portugal


The Lithium Resources in Portugal workshop is sponsored by Sínese.
The workshop will be held later this month in Guarda.
Want to talk about exploration and (e)valuation of mineral deposits in Portugal, Africa or Brazil? Drop us a line; join us at the workshop.

SME Guide For Reporting Exploration Information, Mineral Resources and Mineral Reserves

The 2017 SME Guide for Reporting Exploration Results, Mineral Resources, and Mineral Reserves has been adopted by the Society for Mining, Metallurgy, and Exploration, Inc. (SME) and is therefore strongly recommended to be used by members of this organization.

The Guide is recommended as a minimum standard for reporting Exploration Results, Mineral Resources and Mineral Reserves for public and private purposes. In terms of the Guide, Public Reports are reports prepared for the purpose of informing investors or potential investors and their advisers on Exploration Results, Mineral Resources or Mineral Reserves.

Going to PDAC – meet and talk

A last minute decision – I am traveling to Toronto to attend PDAC 2016.

It’s the perfect place to meet and talk: Angola, Mozambique, Brazil and Portugal, diamond and other gems, Nb-Ta and other pegmatite minerals, tungsten, gold, ferrous and base metal deposits, industrial minerals, natural stone. Challenges and opportunities.

Where and when can we meet?



Worldwide exploration budgets falling 19% to $9.2 billion in 2015

SNL Metals & Mining’s 26th Corporate Exploration Strategies estimates worldwide exploration budgets falling 19% to $9.2 billion in 2015 (NEW YORK, Nov. 23, 2015 /PRNewswire/ full text here)

SNL Metals & Mining’s 2015 exploration data and analysis are based on information collected from nearly 3,500 mining and exploration companies worldwide, of which almost 1,800 had exploration budgets for 2015. The companies (each budgeting at least $100,000) budgeted a total of $8.77 billion for nonferrous exploration in 2015. Including SNL’s estimates for budgets that could not be obtained, the 2015 worldwide exploration budget totals $9.2 billion. (Note: Nonferrous exploration refers to spending in the search for precious and base metals, diamonds, uranium, and some industrial minerals; it specifically excludes exploration for iron ore, aluminum, coal, and oil and gas.)

… all of the covered commodities received lower allocations in 2015, ranging from a 14% decline in gold allocations to 34% and 33% declines in uranium and PGM budgets respectively. As a result, gold’s share of the total budget increased to almost 45%, while base metals’ share fell slightly to one-third.

… Although all regions received lower allocations in 2015, Latin America’s share of the global total increased to more than 28% — largely due to a focus on near-mine exploration. It was the region’s highest share since the bottom of the previous downturn in 2001. Conversely, Africa and Pacific/Southeast Asia recorded the sharpest declines in planned exploration spending, with their budgets falling 30% and 28% respectively.

By the end of the September quarter, the market value of the mining industry’s listed companies had fallen below US$1 trillion for the first time since 2009. And although exploration budgets are also at a new low, recent data from SNL Metals & Mining’s Monthly Industry Monitor is somewhat encouraging. SNL’s Pipeline Activity Index, which measures exploration and development activity, increased for a second consecutive month to its second-highest point to date in 2015. By the end of October, the SNL indexed metals price appeared to have stabilized, and SNL’s estimate of the market value of the industry’s listed companies rose after five months of steady decline. Several of SNL Metals & Mining’s metrics in October suggest that the mining industry may perhaps be seeing the light at the end of the tunnel.

Read the full article here.

Boston Consulting Group on Exploration and Mining (current affairs and future trends)

Yes, these are hard times (although I just started a new consulting project today and will likely add another in the next week or so) but it’s time we leave the gloom and doom talking and start thinking (and acting) on ways to improve.
I always like to pick ideas from well thought, well structured texts. I have just come across some recent (2015) BCG publications ( on the current state of affairs in Exploration and Mining:

A couple of other interesting documents are not available in pdf format but you can read them at:

Thanks to BCG for publishing these reports.

From bad to worse: exploration financing

“The exploration sector continues to face a challenging capital raising environment with no signs of a turnaround.”

If the opening statement of the PDAC’s mid-year financing review doesn’t discourage you, read the full document: mineral-financing-mid-year-review-(core–fall-2015).

Keep fighting. What else?

Alluvial sampling and kimberlite at LUCAPA’s (ASX:LOM) Lulo project

Lucapa Diamond Company Limited (ASX: LOM) recently released some reports containing information (grade and stone size) on the samples recovered in their Lulo concession – our post of December 19 about the scheduled start of the alluvial operations.

The releases are detailed but we decided to extract the locations of their reported sampling pits and kimberlite and convert it to kmz layers so that you are able to feel first hand the information by browsing it with Google Earth or another suitable application. Consider it a late New Year gift from Sínese or a way to celebrate this blog’s 50th post.

The layers are:

Just click on the links to download them; open them in Google Earth. Enjoy.

For further information or advice on this or other diamond project (Angola or elsewhere), contact us at or use the contact form.