How can you measure the success of an exploration project using KPIs?

Overall Industry KPI Small-Scaler Pros 1. Flexible/swift adaptation to decision. 2. Positive impacts on local communities. 3. Cost control with lower overhead. 4. Growing in power every year. 5. Better cutoff rate. Cons 1. Limited resources and less capital. 2. Scaling challenges. 3. Regulatory struggles. 4. Limited market access. Large-Scaler Pros 1. Cost advantages with higher production. 2. Advanced to public funds for cutting-edge equipment. 3. Government willing to help even if bailout. 4. Public monies give diverse benefits. Cons: 1. Complex management with higher overhead. 2. Environmental impact scrutiny to regulatory disruption. 3. Complex community relationships. 4. Constantly selling stakes and projects. 5. Weaker cutoff rate

A well-defined project scope is pivotal in aligning team efforts with strategic goals, acting as a roadmap for efficient resource allocation and decision-making. Utilizing Key Performance Indicators (KPIs) to measure scope success offers a quantifiable method to assess progress and effectiveness. This approach enables proactive adjustments, ensuring that the project remains on track and aligned with initial objectives. Moreover, monitoring KPIs related to scope changes and quality can reveal insights into project dynamics, such as the adaptability of the team and the alignment of deliverables with stakeholder expectations, ultimately contributing to the strategic growth and learning of the organization.

if we are doing for exploration project, we have to focus on developments to the blasting for more exploration, for blasting and all the data, we need geological data of this strata ,according to that we can conclude all the planning ,and developments .if the deposit is sufficient according to the geological data, then we will proceed for exploration. all the data we required according to geological survey.

For me are: - MRE, quantity and quality of mineral resources discovered during exploration - Cost per Discovery Resource: the average cost to discover a certain amount of mineral resources, - Perforation Success Rate; - Development Time; - Regulatory Compliance: Assess the degree of compliance of the project with environmental and social regulations; - ROI; - Stakeholder Involvement: Measure the involvement and support of local communities and other stakeholders in the project; - Environmental Sustainability: Assessing the environmental impact and the measures taken to reduce the negative impact; The set of KPIs depends on the project objectives, an integrated metrics provides a complete view of the overall success of the project.

Being a successful Project team, Plan on day to day targets and need to achieve as per budget targets. As a Team leader boss it should be responsible to see all team leaders,key persons and down the line employees to appreciate when they achieve targets and also for a good job done . By mutual understanding and good communications without any conflicts or without ego feelings between the teams. Project team can easily finds easy job life style and complete the tasks with the balanced budget levels in a profitable manner with lasting long time Project. Last but not the least being Project leader to the project needs and has to take care of the surrounding stakeholders which will help the project in Successful running through the years.

The baselines of the project should be measured regularly. Questions like where are we and where should we have been should be answered regularly.

Nothing Matters until you know if the team has bush/desert experience, if the project is starting needing logistics, safety, & adaptation, or if its operational with no vital planning, just execution. Small-Scaler Pros 1. Close can communicate quick decisions. 2. Flexible and rapid adjustments. 3. Strong sense of motivation (no work, no eat). Cons 1. Limited expertise and skills. 2. Resource challenges during peak workloads. 3. Increased pressure, consistent burnout. Large-Scale Miner Pros 1. Access to a broad range of expertise. 2. Money for resource redundancy. 3. Clear roles per expert. Cons 1. Complex coordination, always delays. 2. Constant change of hierarchy (decision-maker). 3. Perceived significance of individual contributions.

Es muy importante considerar dentro de los factores de riesgo la licencia social. Un proyecto que no tenga respaldo de la comunidad puede tener una duración limitada o un arranque inexistente.

Small-Scaler Pros 1. Thousand of local experts available. 2. Can make quick adjustments based on market conditions. 3. Lower overhead of management. Cons 1. Insufficient maps, data, assays, etc. 2. Budget and personnel limitations and technology. 3. Consumers lack trust to deliver. Large-Scaler Pros 1. Extensive and diverse project results driven by data or (>stock reports). 2. Access to funds for advanced technologies. 3. Public doesn't truly understand its weaknesses to constraints. Cons 1. Constantly raising money on the same data from different platforms and markets. 2. Top heavy in management to satisfy professionals with redundancy. 3. Constant overspending without proportional benefits when using public raised funds.

Los resultados deben ser fácilmente demostrables y medibles, los mismos deben evitar quedar abiertos a libres interpretaciones.

Indicate, Infrared, or Measured Pros 1. Small-Scaler - Use short data and details for results. - Quick adjustments towards gaming results. - Can grow according to market conditions. 2. Large-Scaler - Extensive and diverse project results. - Capacity for advanced technologies. - Money to gain information, technology, and expertise. - Can do a project in stages (Indicate, Infrared, or Measured) Cons 1. Small-Scaler: - Insufficient scope for broad contributions. - Budget, technology, and personnel limitations. - Can't raise funds for basic needs. 2. Large-Scaler: - Challenges in aligning diverse outputs. - Potential Redundancy: Risk of duplicated efforts. - Lawsuits and activist groups.

Lessons Learned Small and large scalers often learn the importance of innovation, regulatory compliance, and continuous improvement. Small-Scaler 1. Being efficient with the use of limited resources. 2. The ability to adapt quickly to changing circumstances is valuable, but sometimes it needs to be thought through better. 3. A positive relationship with local communities is often established except with illegals. 4. We need to do more together and stop the complaining. Large-Scaler 1. Stop calling it complex operations when we've been doing it for decades. Let's move forward to something more meaningful. 2. Diversifying projects and investments helps mitigate risks or go directly into manufacturing.

Las conclusiones y las reflexiones en los proyectos son los que permitirán que el equipo de trabajo celebre sus éxitos y trabaje sobre las posibles mejoras, todo en pro de que sirva de experiencia para futuros proyectos.