SENIOR EXPLORATION MANAGEMENT COURSE

August 27–30, 2012, 8:30 am–5 pmSEG Conference Center, Littleton, Colorado

Organizer: Society of Economic Geologists (SEG)Presenter: Western Mining Services (WMS)

SCOPE This four-day training course concerns the principles and practices of effective exploration management. The curricu-lum covers the spectrum of mineral exploration business issues that typically confront senior exploration managers.Participants will leave with a better understanding of

• Mineral exploration at the strategic scale – the roles of greenfields and brownfields exploration indevelopment and implementation of corporate operating and growth strategies;

• Designing and managing exploration programs and portfolios; • The importance of group structure, program design, process discipline and effective people manage-

ment in achieving exploration group objectives; • Opportunity generation including the exploration search space concept, targeting science and the appli-

cation of targeting models; and• How to negotiate land and minerals access deals transactions and how to identify and manage non-

technical risks in order to make informed decisions, achieve enhanced project economics and maintainthe commercial and social licenses to operate exploration projects in diverse risk environments.

The course format utilizes both lecture and workshop and stresses interactive thinking and problem solving.Participants will work in teams to design solutions to exploration management challenges and will present their resultsto the larger group. Enrollment may be restricted depending upon the number of applicants.

WHO SHOULD ATTEND? This course is ideal for regional and country exploration managers and for senior project managers who are on trackto move into positions of senior responsibility. It is also appropriate for geoscientists and commercial managers whohave senior exploration management roles in their futures and for government and academic professionals who inter-act extensively with the mineral exploration industry.

REGISTRATION & COURSE FEERegister at segweb.org/events • SEG Member: US$3,200 • Non-member: US$3,500

CANCELLATION POLICIESFull payment must accompany the registration form. Written cancellations must be received by July 31, 2012,to receive a refund, less 25% processing fee. After August 10, 2012, all fees are forfeited.

FACULTY

Jon Hronsky (BAppSci, PhD, MAusIMM, FSEG)Jon has more than 25 years of experience in the mineral exploration industry, primarily focused on project generation,technical innovation and exploration strategy development. Jon has particular expertise in gold and nickel sulfidedeposits, but has worked across a diverse range of commodities. His work led to the discovery of the West Musgravenickel sulfide province in Western Australia. Jon joined Western Mining Services as a Principal in 2007 and has subse-quently consulted to a wide range of major and junior mining companies. Before joining WMS, Jon was Manager-Strategy & Generative Services for BHP Billiton Mineral Exploration. Prior to that, he was Global Geoscience Leader forWMC Resources Ltd. Jon was SEG Distinguished Lecturer in 2009.

Bart Suchomel (BA, M.Sc., RPG, FAusIMM, FSEG) Bart has over 25 years of experience in mineral exploration, including 14 years in corporate senior management roles.He has extensive experience in exploration strategy development and business planning. Bart is a principal in WesternMining Services. In this role he has provided assistance to numerous mining and exploration companies in the areasof exploration strategy, planning, portfolio management and new project development. Prior to co-founding WMS, Bartwas General Manager - Exploration for WMC Resources Ltd., responsible for WMC’s global exploration programs includ-ing near-mine brownfields exploration. Bart is a past President of the SEG Foundation and serves on the SEG AuditCommittee.

Jeff Welborn (BA, JD) Jeff has 40 years of experience in the mineral exploration industry as a natural resources and mining lawyer and teacher, in corporate senior man-agement for WMC Resources Ltd,and as a co-founder and a princi-pal of Western Mining Services.His experience includes handlinga broad range of commercial,legal and risk management mat-ters that comprise the non-tech-nical side of mineral explorationand mining globally. Jeff assistsWMS clients with matters thatinvolve commercial strategy,planning, deal analysis and nego-tiation, minerals/land access,commercial due diligence andrisk analysis, and commercialrisk management.

COURSE CURRICULUM

WMS and the Centre for Exploration Targeting, University of Western Australia (CET), first pre-sented this Course in February 2010. Participant reviews and referrals have been so positivethat the Course has become a semi-annual event with alternating SEG and CET sponsorship.This SEG-sponsored Course in August 2012 will be the sixth Course presentation.

DAY 1• Mineral Exploration

Principles, Philosophies and Culture

• Mineral Exploration Strategy,Business Planning andPortfolio Management

• People in Mineral Exploration• Introduction of Exploration

Strategy Exercise

DAY 2• Minerals Access and

Deal Making • Commercial Risk

Management • Mineral Exploration

Targeting• Introduction of

Commercial RiskManagement Exercise

DAY 3• Group Discussion• Mineral Exploration

Targeting (cont.)• Mineral Exploration

Tactics • Group Exercise

DAY 4• Commercial Risk

Management ExercisePresentations

• Exploration StrategyExercisePresentations

• Feedback, Awardsand Group Discussion

• Wrap-up