Hi @Shashi - Lunar mining is not a field in which I have a specific knowledge, so my comments will be of a more general nature.
If you are looking for water as a resource, I assume it will be for In-Situ Resources Utilization (ISRU), as it will be way too expensive to carry it from Earth. Water ice is meant to be used as fuel, once the molecule is dissociated into O2 and H2, and of course as an essential resource for life support.
For this reason, water ice extraction and delivery of resources to Earth do not seem to belong together, unless one wants to widen the scope of the prize to include all main technologies foreseen for human colonization and exploitation of the Moon.
Assessing the presence, accessibility and abundance of water ice and other resources at a global scale has been so far, and will likely remain, the domain of remote sensing from orbit, requiring an array of different sensors depending on the resource being prospected for. Neutron and gamma ray spectroscopy or radar subsurface sounding seem to me the measurement techniques of choice for H2O ice.
Until now, remote sensing from orbit has been performed through probes built and operated for science rather than resource mapping. Changing this would require a private investor to commit to the development of a carefully designed spacecraft supported by an expert science team similar to the ones supporting NASA missions, and it seems to me that such an endeavour lies outside the scope of the prize.
To summarize, the wording of the criteria for the prize do not seem entirely self-consistent to me, as I am not able to envision, perhaps due to ignorance, how the different goals listed in the statement (which individually are sensible) can be achieved together in a single project.