Provide a suitable incentive scheme of shares and options with a continuing optional salary sacrifice share acquisition scheme. To attract and keep the best mine-finders. Develop and use check lists e.g. for field trips, drilling programmes, agreements, etc. Consider arriving at a field location after a days travel to find an essential piece of equipment was left behind. What doesn't work Why Paying large amounts of money to vendors.
Funds are precious.
Sooner negotiate with shares, participating interest and royalties. Junior Managing Director must not dictate. Stifles ownership by and enthusiasm of employees Do not promote your best mine finder to pure administration. The whole team will suffer. Spreading the geographic net too wide Not cost effective exploration because too much spent on travel, administration and establishment Do not restrict Junior Company to a single commodity or a few commodities.