COURSE CONTENT 

1. EQUIVEST EXPLORATION PRINCIPLES

i. Intro session

ii. Equivest Exploration Principles
We will answer  questions such as: 

• Is there an Equation for Exploration Success?

• Location - how to recognise areas that are more likely to produce Tier 1 discoveries?

• Understanding size of opportunity and probability of success. Why it matters and what tools are at investors disposal to assess it?
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2. CAPTURE UPSIDE & MANAGE DOWNSIDE 

In this chapter we will focus on the upside and downside of investing in exploration companies and how to increase profits and minimise losses. We will also talk about the life of exploration assets and how to benefit from it as an investor. Portfolio Management chapter will build on this topic further.

i. Red Flags in Exploration
We will revisit number of real examples, with a focus on geological aspects.
No exploration companies were harmed in this process ;)
 

ii. Equivest Asymmetric Strategies
We will focus on repeatable trends with low risk and high reward set up in exploration speculation. This is where we generate part of our alpha and manage risks in our portfolio.

3. GEOLOGY CORE
In this chapter we will build core geology principles that you will be able to apply across different deposits styles. We will only focus on elements that you have to know as an investor in the natural resource sector. In this chapter we establish methodology that will allow us to rank properties and assess the exploration risk. We will put it into practice in the next chapters. 

4. MINERAL DEPOSITS
We cover three different deposits styles (nickel, uranium, lithium), which often result in explosive discoveries and significant speculation from investors. These sessions will act as building blocks of your mining geology skills and form the basis for practical exercises in the next chapters. You will gain the skills that will allow you to investigate other deposit types in your own time. 

i. Magmatic Ni-Cu-PGE deposits 
ii. Basement hosted uranium deposits
iii. Lithium pegmatites 

We cover aspects of how these deposits form and elements that need to be in place to create economic deposit. We dive into case studies and exploration techniques.
 

 5. GEOLOGY DATA PORTALS 
You will learn how to find and use different publicly available geo portals. We will go through type of layers to display and put them in the context of press release announcements.

6. INTERPRET DRILLING RESULTS
By this chapter you will have significant knowledge to be able to interpret drilling press releases and put them in the context of discovery potential.
We will cover:
i. Interpret core and cuttings press releases
ii. Interpret assays results
iii. Discovery, significant or not?

This chapter will include practical exercises where you will learn how to estimate the potential size of two recent discoveries!

7. PORTFOLIO MANAGEMENT 

We will focus on different methods of valuing exploration assets. I will pull on my experience from transactions in oil & gas and mining industry. We will talk about processes that best explorers use to manage their portfolios and how we can apply these practices to our investment portfolios. 
 

i. Valuation of exploration assets
ii. Portfolio approach in exploration
 

8. OIL & GAS EXPLORATION (available from 20th December 2022)

We will cover the most important elements of oil & gas prospects. The session will also focus on what to look for in geophysical anomalies. We will run exercise on how to estimate discovery volumes, with limited data available to investors.

i. Geology of petroleum deposits
ii. Estimating size of oil and gas discovery