Richard Schodde has over 30 years experience in a wide variety of project analysis and strategic planning roles within the international resources industry including 15 years at WMC (in its Business Development Group and as Strategic Planning Manager for the Exploration Division) and more recently, 4 years at BHP Billiton (as Minerals Economist in their Global Exploration Team). In 2008 he founded MinEx Consulting to provide strategic and economic advice to mining and exploration companies. From his work Richard has developed a deep understanding of the drivers behind mineral exploration and the associated economic and business risks of mining. This underpins his work in helping companies identify how to make money out of exploration. Richard holds a First Class Honours Degree in Materials Engineering and a MBA. Along the way he has become experienced in geology. He serves on a number of industry committees including the AusIMM and the Melbourne Mining Club. In 2009 he was appointed an Adjunct Professor at the School of Earth Sciences at UWA (Centre for Exploration Targeting) and is a member of SEG, SME and PDAC. He has also on the Editorial Board for the Journal for Resources Policy - an international journal devoted to minerals policy and economics, aimed at economists and decision-makers in academia, government and industry Richard has published several papers on exploration performance and is internationally recognized by his peers as a world leader in mineral economics.