I. Introduction
Superconducting quantum interference devices (SQUIDs) have the potential to be used in various applications in geosciences [1]–[3]. Especially with the method called transient electromagnetics or TEM, SQUID-based instruments have created significant impact for mineral exploration of conductive subsurface ore bodies. In this method a primary magnetic field produced by a current through a large surface transmitter loop is abruptly switched off and a secondary magnetic field appears due to eddy currents in subsurface conductive geological structures [4]. The system of eddy currents, often called smoke rings, dissipates and diffuses into depth and to the sides with a diffusion velocity depending on the conductance. Thus, the temporal decay of the secondary magnetic field amplitude represents a depth-conductivity profile of the subsurface geology. In this context, magnetic field sensors such as fluxgates or SQUIDs have a significant advantage compared to induction coils (herein, abbreviated as coils): they can detect conductors in larger depth and underneath conductive overburden due to the longer decay times of the secondary magnetic field compared with the time derivative measured by the coil [3] . Moreover, SQUIDs show superior noise performance compared to other commercial devices for magnetically unshielded environment operation.