Prospecting and Exploration

Prospecting and exploration are initial steps in discovering valuable natural resources like minerals, oil, or gas. Prospecting involves identifying potential areas that may contain these resources, often through research, surveys, or sampling. Exploration is the more detailed investigation that follows, using tools such as drilling, geophysical surveys, and sampling to assess the quantity and quality of the resource. Together, these processes help companies decide whether it’s worthwhile to develop a resource deposit further for commercial use, minimizing financial risk and environmental impact.