Case study 09 / Mining, grassroots prospect
An investor was ready to drill a grassroots prospect. Honeycomb told them to wait.
An investor was about to commit early capital to a grassroots prospect with a strong surface anomaly but no drilling behind it. Honeycomb showed the data did not yet justify the spend and recommended preserving the option.
What Honeycomb recommended
Read what the data supported
A coherent surface anomaly was a reason to watch, not to drill. The brief set out plainly what the data did and did not support.
Put a cost on waiting
A defensible resource was 24 months and real money away, with high uncertainty and weak value next to better-defined targets.
Recommended shelving it
Hold the ground, keep the option, and revisit only when nearby results justify the spend.
The shift
A reason to watch, not yet to drill
Before: A strong, coherent surface anomaly
24+ months and high uncertainty to a resource
Before: A candidate for near-term capital
The right one to defer
Before: One of three pipeline priorities
Outcome
The investor's early budget went to targets with a real near-term path, while the prospect stayed on the books as a low-cost option rather than a costly guess.
An anonymised example of work done with Honeycomb. Figures describe this case and are not a general performance guarantee.
Discuss your own case