Geological exploration follows a sequence of multidisciplinary activities: reconnaissance, discovery, prospecting, and economic mining. Governments and multinational companies are key players. However, it opens new challenges and opportunities. Geological exploration for natural resources is expensive with high risk. Swapan Kumar Haldar, in Mineral Exploration (Second Edition), 2018 Abstract A combined R&D effort of University, Industry, and Government agencies will help to achieve the desired result of better success rate in future exploration efforts. Expected net present value and the risks involved in the discovery of a resource are touched upon. The Quality Control/Quality Assurance validated exploration data are integrated to generate 3D models for better interpretation and predictive targeting. Adoption of right combination of techniques is warranted to conduct exploration in a cost-effective manner. The important ingredients of a successful exploration are (1) selection of right geological terrain, (2) optimum level of funding, and (3) keeping pace with the state-of-the-art exploration technology. Exploration approach design and the myriad activities of exploration cycle are described. The development of exploration technology over a century is briefed along with the emerging challenges for the exploration. Geological exploration is the process of finding commercially viable mineral resource and the objective is to locate it in the shortest possible time and at the lowest possible cost. Sarkar, in Essentials of Mineral Exploration and Evaluation, 2016 Abstract
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