Disseminated ores in porous or fractured media can be polarized under the application of an external low-frequency electrical field. This polarization is characterized by a dimensionless property that is called the “chargeability”. Induced polarization is a nonintrusive geophysical sensing technique that be used in the field to image both the electrical conductivity and the chargeability of porous rocks together with a characteristic relaxation time. A petrophysical model of the induced polarization of metallic ores immersed in a porous conductive and polarizable material is reviewed, and its predictions are compared to a large dataset of experimental data. The model shows that the chargeability of the material is linearly dependent on the volume fraction of the ore and the chargeability of the background material, which can, in turn, be related to the conductivity of the pore water and the cation exchange capacity of the clay fraction. The relaxation time depends on the grain sizes of the ores and on the conductivity of the background material, which is close to the conductivity of the porous rock itself. Five applications of the induced-polarization method to ore and metallic bodies are discussed in order to show the usefulness of this technique. These applications include: (i) A sandbox experiment, in which cubes of pyrite are located in a specific area of the tank; (ii) The tomography of an iron slag at an archeological site in France; (iii) A study of partially frozen graphitic schists in the French Alps; (iv) The detection of a metallic tank through the tomography of the relaxation times; and (v) The detection and localization of a deep ore body that is associated with a tectonic fault. We also discuss the possibility of combining self-potential and induced-polarization tomography to better characterize ore bodies below the seafloor.