Okay. I restarted the tutorial. This time, I figured out that the box 50m below the ground WAS the waypoint. Since the ore I was looking for was BEHIND the box, the directional scanner appeared to be triggering on the box, leaving this first time player to think 'THIS is the ore?!' If I'd come upon it from a different direction, I might not have made that mistake, but seriously, why is a physical, visible box needed to designate a waypoint?
I hope some humor is coming through with this, and not just the frustration. I see the enormous potential of this game, and I'm just sharing my 'new player in his first hour' impressions. I sincerely hope it grows on my, and turns out not to be so obtuse after all- either that, or the completed product will have rough edges smoothed over.