Iran has a huge mineral endowment and is ranked among 15 major mineral-rich countries enjoying more than 68 types of minerals. It is home to a number of well-known geological terranes within the Tethyan Metallogenic Belt hosting 7% of the total world’s minerals. There are approximately 5,000 mineral prospects and mines with 12 metal and 36 non-metal ores currently being exploited. Iran has world-class resources of zinc (world’s largest), copper (world’s ninth largest), iron (world’s ninth largest), uranium (world’s tenth largest) and lead (world’s eleventh largest).
Despite the significant mineral resources, Iran has gone largely under-explored over the last forty years with modern exploration techniques only applied around the more significant brownfields targets. Modern exploration has not been applied systematically across the country. In this regard, Iran represents one of the world’s last major green fields exploration opportunities.