The geological prospecting industry has developed rapidly in China over the past few years. It has made outstanding contributions to the discovery of new mineral resources, new energy sources, and the excavation and utilization of resources. However, geological prospecting projects do not have effective safety management measures at present. Moreover, the geological prospecting project has its own traits and features that differ from other industries, leading to the fact that safety management measures in other industries cannot be used in geological prospecting projects. Therefore, development of an effective safety management measuring tool is urgent and necessary. In recent years, safety climate has drawn great attention from scholars, and research results have been successfully applied in construction, coal mining and other industries. Based on the extensive literature review on safety climate as well as its organizational structure and employees’ individual behavior characteristics, this paper first extracted the factor structure of the safety climate and then developed a safety climate scale for geological prospecting projects. This paper used the methods of exploratory factor analysis and reliability analysis to ensure the developed safety climate scale was valid and reliable. The safety climate scale developed has four dimensions, i.e., project leader’s safety commitment, safety institutions, risk response, and employee’s safety attitude, containing a total of 17 measurable items. This study contributes to the current literature by exploring the factor structure of the safety climate for geological prospecting projects, and further provides a scientific basis for improvements in the geological prospecting industry. Meanwhile, the findings not only provide technical support for investigating and analyzing the safety management levels of the geological prospecting industry, but also contribute to the benchmarking standards among different enterprises and projects.