What are the challenges facing an exploration company ?
It ’ s taken a few years to get there , but I think the results that we have published speak for themselves . This could be something very significant and it ’ s all down to Callum ’ s vision six or seven years ago .
“ It is very important to build relationships with the leading pros in the industry , as evidenced with the agreement with Newmont ”
CALLUM BAXTER Geologist at Greatland Gold PLC
What are the challenges facing an exploration company ?
Heddle : Obviously we have the same problem as all exploration companies , which is that it ’ s very hard to find this stuff , even with all the latest scientific methods , and I think that we can rightly claim that we ’ re at the first round of applying some of the latest science to what we do . It ’ s still very challenging to actually find economic deposits , and then you have the other challenges of the capital markets themselves which sometimes support the type of things we do and other times are under supportive . And then you add in other challenges such as the weather ; at the moment there ’ s been a lot of rain out in the northwestern part of Australia , and that can make planning programmes very difficult and leads to a lot of deferrals and potential roadblocks .
Baxter : Operating in capital markets and the availability of contractors