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Shortening Time from Exploration to Production Key to Closing Supply/Demand Gap, Belararox Exec Says
Developing Precious and Base Metal Assets to Meet Future Demand
Shortening the time frame from exploration to mine production will be key in closing the gap between supply and demand, particularly for critical metals, according to Arvind Misra, managing director of Australia-based mineral explorer Belararox (ASX:BRX).
“The whole ecosystem has to work together — the governments, the investors, the companies, the experts in the local community — have to work together to expedite that process,” Misra said.
“The process between finding a deposit to developing a deposit can be anywhere from five to 10 years, depending upon the jurisdiction you're working in. And if that time span remains that big, the gap is not going to be filled that fast.”
Misra added, however, that increasing demand for critical minerals — from both traditional industries and the emerging green economy — could spell good news for exploration companies such as Belararox as it boosts mineral exploration activities, which can bolster the supply chain.
Watch the full interview with Arvind Misra, managing director of Belararox, above.
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