Our strategic intent is to explore our licensed tenement areas, discover prospective deposits, define corresponding resources and generate revenue from our deposits by either: 1) selling all or a portion of our deposits and or 2) conducting mineral extraction from our deposits in approved mining license areas.
Data we have previously acquired through the following phases has allowed us to analyse resources around the world:
- Area selection and tenement acquisition uses previous academic research to locate areas of interest.
- The initial survey acquires bathymetric data at the necessary resolutions, using a small, fast vessel.
- The exploration phase uses this data to evaluate prospective targets using hydrothermal plume surveys and high resolution mapping. ROV’s and AUV’s (Autonomous Underwater Vehicles) are then used for reconnaissance drilling and sampling.
- After any further surveying is undertaken, the resource is drilled deeper with a robotic drill to define the volume, continuity and grade of the resource. An environmental impact assessment is also conducted during this phase to analyse any effects the mining process might have on marine life.
- In the final phase, the resource is defined as all the geological, chemical, metallurgical and assay data is written up into a report which defines the geology of the area, the extent, volume and mineralisation of the resource.
The Solomon Islands
SM2 are currently investigating potential deposits in the Solomon Islands. These volcanic islands host a tropical climate, with temperatures averaging 28 degrees annually. This area experiences back-arc rifting due to it’s location behind the New Britain Trench and San Cristobel Trench.
The Solomon Islands also has a rapidly growing tourism industry with direct connections to many Pacific Islands and mainland Australia.
The population of the Solomon Islands sits at 550,000 people who speak a variety of languages. Cultural traditions mean villagers welcome in fellow clansmen and speakers of the same languages but the official language across the Islands is English which allows us to communicate easily with both the government and local citizens as our objective is to build trust and transparency in all we do.