The mining industry is poised for a substantial increase in exploration to replace mined production and increase reserve and resource inventories ahead of a metals ‘supercycle’.
Global reserves and resources of critical metals are at a cyclical low, with average mine lives having halved in the past decade due to lack of investment in exploration programmes.
Growing reserves and resources can only happen through two principal means – drilling and assaying, and through mergers and acquisitions.
Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.