What we do
Three capabilities. One chain.
Finding what the ground holds. Making the metal. Publishing the analysis both depend on.
Three capabilities
0101
Exploration
Exploration is not a search problem. It is a ranking problem. The expensive mistake is not drilling, it is drilling in the wrong order.
02
Processing
A refinery takes years to permit and build, and a quarter to close. That asymmetry is the whole story of Western refining capacity.
03
Research
The sector does not lack opinions about critical minerals. It lacks published method. We publish ours.
What has to be true underneath
02Three things decide whether any of this reaches production. The method has to be better than walking the ground. The capital has to be patient enough to outlast a permitting queue. And the governments and industries at both ends have to want it built.
None of the three is a product, and a company selling them as products usually has nothing underneath them. They are set out because anyone deciding whether to fund, permit or buy from Bbabsal is really asking about these.
Method
03Data before drilling
A national airborne survey is worth nothing to whoever does not work it. Most of the Copperbelt's exploration history was walked rather than modelled.
- Rank targets on evidence, not on proximity to somebody else's discovery
- Spend the cheap money first, so the expensive money has somewhere to go
- Publish the method, so the conclusions can be argued with
Evidence before conviction
In this industry the cheapest thing to inflate is a number. Which is precisely why a number that has not been inflated is worth something.
- No resource or reserve has been declared, and none is implied
- Every recurring figure carries one source and one status
- Third party results are cited, never transferred