Benefits and costs costbenefit analysis accounting methods comparing alternatives do it. There are three types of feasibility study used in mining, conceptual, preliminary feasibility and detailed feasibility. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. The cost of preparing a feasibility study is notoriously difficult to estimate. Cradle announced the results of the definitive feasibility study dfs on 20 april 2016. Consisting of lifelong entrepreneurs, lawyers, consultants and business plan writers, our team is dedicated to the success of our clients goal. This penn state extension video tells us that feasibility studies are an important step in the entrepreneurial process apart from explaining what a feasibility study is, the speaker also shows how it is different from a business plan. A bankable feasibility study is part of the second phase of the mining cycle. These ranges are wider than generally understood but are constrained by what is practical. A feasibility study is an analysis of how successfully a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling. Jul 23, 20 pre feasibility is supposed to be about deciding if you have a mine. The operation benefits from having all capital expenditures completed, including the, related surface infrastructure and initial mine developmentprocess plant. The full feasibility study is the final step required to determine if a mine is truly viable, and these are more detailed and costly than the previous two study types.
Sotkamo silver silver mine bankable feasibility study update. Enforce a systematic and holistic project value improvement pvi process at fs. A feasibility report is a document that details the study of the profitability, feasibility, effectiveness of a proposed investment, and to evaluate the imminent business problem or opportunity. The final feasibility study is usually based on the most attractive alternative for the project as previously determined. Ruthrauff road, ste 170 tucson, arizona 85705 5202931488. Issues with feasibility studies in mining arbitrations the principal purpose of a feasibility study is to demonstrate the technical and economic.
Estimating the cost of a feasibility study for a mining. Evaluate project feasibility according to scheid 2011 a feasibility study is used to find out whether a project is viable before investing into the resources it will take to implement the project. Establishing the feasibility of your proposed mining venture. Production of gold background a feasibility study on the production of gold at a fictitious mine moapa mine in elko county, nevada is to be performed. A feasibility study for an education institute at world war. Pdf due diligence in mine feasibility studies for the. The bateman approach towards achieving economic and financial. The authors have prepared this prefeasibility study technical report for hudbay.
This report comprises a feasibility study fs of orca golds block 14 project project located in. Feasibility studies in exploration work programmes it is common for exploration permit work programmes to include scoping, prefeasibility and feasibility studies as part of the permit conditions. Backoftheenvelope approaches to a mine feasibility study need to stay on the backs of envelopes and out of formal, officiallooking reports. This bankable feasibility study bfs report has been prepared by senet pty ltd. Feasibility study for coal mine methane drainage and utilization. Pdf economic feasibility studies in mineral exploration. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present. No further development capital is required to operate at 800 tpd.
It is assumed that the contractor will operate the owners mining equipment in year 2011 on a fee basis. Srk would typically then assist with the field work, testing and laboratory programs required to gather the base data. We believe that any fs team should approach a study with a minimum of 11 core criteria in place see sidebar, a comprehensive set of standards for a feasibility study. Usually a concept study or scoping study is followed by one or. Rupprecht rsg global, helderkruin, republic of south africa project evaluations of mineral deposits are necessary for mineral rights, owners and investors alike. The 2016 pre feasibility study was prepared by a team of qualified persons headed by mine development associates mda of reno, nevada, and presents a technically simple forward and economically robust project in a safe jurisdiction. A feasibility study for an education institute at world war ii valor in the pacific national monument 1 2 in 2011 pacific historic parks php and the national. Carrapateena feasibility study update released on 24 august 2017, the restated 2016 carrapateena mineral resource statement as at 18 november 2016 released on 9 december 2016, and the carrapateena ore reserve statement as at 4 august 2017 released on 24 august 2017.
Feasibility studies for mining projects amc consultants. A feasibility study provides a definitive technical, environmental and commercial base and. In parallel to ppms current involvement with the process prefeasibility for the afema gold project in cote divoire, the company has also been awarded the project management and integration work streams for the entire prefeasibility study. Guidelines for preparing applications and technical. The first study was titled desktop mining study, and was intended to rank the deposits to improve assumptions required to locate infrastructure. Mining prefeasibility studies the costs to consider. Establishing the feasibility of your proposed mining venture saimm.
It compiles the results of all the other feasibility studies done when planning a mining project and adds information on required permits, environmental impact, negotiated contracts and the costs of closing the mine and reclaiming the ground. The technical and financial parameters of the definitive the feasibility study dfs are for development of a mining and processing operation at lindi jumbo to produce an annual output of 40,000 tonnes per annum of four discrete products of graphite concentrate for sale fob from the. Estimates for mining and infrastructure are much less reliable. Project evaluation the concept of a feasibility study is a widely used term. And, it is always better to spend a few thousand dollars to determine the validity of andor the best way to spend a few million dollars.
This is a necessary exercise that can avoid unnecessary expenditure on a project that has no or little economic potential. Feasibility studies are indepth reports on many of the same topics as prefeasibility studies. Guidelines for preparing applications and technical reports required for mining licences freetown 2009. The feasibility study premise was based in part on a pre feasibility study that was completed by hatch in 2003. The companys strategic focus is on the exploitation of high. These conditions generate compliance actions, against which the level of study attained is evaluated. This report entitled madsen gold project technical report feasibility study. Trik gold project bankable feasibility study avocet mining plc.
Resources to conduct a feasibility study for a gold tailings retreatment project the elikhulu project. Guidance for the use of the terms scoping, prefeasibility. The feasibility study is the accepted project evaluation technique used to support a search for debt financing for a project, and makes up a significant portion of any bankable document. Mineral property feasibility studies 229 or even biased evaluations. Feasibility study a mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. This paper looks at three phases in the development of a mineral project and the type of study required. Any use of this executive summary report by the owner. Pre feasibility study on the property by continued mining of the massive sulphides mms while incorporating material from the lower footwall zone lfz, and increasing production from 650 mtpd to 1,250 mtpd. Feasibility study is an important step in the entrepreneurial process. Executive summary feasibility study rocklands group copper project 3 march 2016 page 3 caveat lector this executive summary from the rocklands feasibility study report has been prepared for cudeco limited cudeco by mining associates limited ma, based on assumptions as identified throughout. The mine is capable of producing 325,800 tons of highgrade ore per year for 8 years. As such, there is a large demand for both electrical power and natural gas in the area and this demand is predicted to grow steadily at rates of 510% a year. The mining voids will be backfilled with unconsolidated rock fill.
Pan african and its subsidiaries are a south african based precious metals mining group which produces in excess of 200,000oz of gold and 10,000oz of pgms per annum. Feasibility study is an assessment of the practicality of a proposed project. Technical report on the pre feasibility study for the. A mining contractor is to mine 250,000 tonnes t of product coal in 2011 and 1. Executive summary feasibility study rocklands group copper. A mining feasibility study is an evaluation of a proposed mining project to determine whether the. The feasibility study defines an 800 tpd underground mining operation. Dec 12, 2012 prefeasibility study of mini flour mill grinding mill china. Prefeasibility mining study weld range iron ore project. Gold standard announces an updated pre feasibility study with a 40% irr for the south railroad portion of the railroadpinion oxide gold project, carlin trend, nevada.
Establishing the feasibility of your proposed mining venture s. The ausimms monograph 27, cost estimation handbook second edition 2012 provides a set of standards which may become more widely used. This report entitled ni 43101 feasibility study technical report for the cerro blanco project, effective as. Investment in new mines has declined in canada and australia but is still quite active in some areas, including parts of south america. The feasibility study has confirmed the general concepts of a phased redevelopment, restoration of economically viable operations within a very short time and low capital costs relative to the restored production capacity. Accuracy of capex estimate and bankable definitive. This cost comes largely from the associated engineering work that must be done during the study, as it is complex and timeconsuming. Our services consist of the preparation of scoping studies, mining pre feasibility and feasibility studies for both underground and open pit mine projects. Financing and offtake agreements for the project are well advanced and expected to be completed by q4 2016 at which point a decision to mine can be made. Mining project owners frequently treat pvi as a oneoff exercise at the end of fs. The remainder of this paper describes our companys typical approach to the preparation of studies and documents of this nature. A feasibility study could also determine whether the project will be profitable.
At its worst, this type of report can be performed by the exploration firm or project sponsor to try to sell the project to someone. Alexco to prepare a preliminary feasibility study pfs or the study and independent technical report the technical report on the keno hill silver project the project, located in the yukon territory, canada. Steps for preparing uranium production feasibility studies. Prefeasibility studies reducing mining risks youtube. Completion of the definitive feasibility study allows the company to progress the next phase of development milestones including finalisation of offtake 4 c1 cash cost includes mining, processing, site overheads including administration, haulage and port charges 5 credits from cobalt sulphate, scandium oxide and ammonium sulphate. Scoping study preliminary feasibility study feasibility study usually based on an inferred resource or less called a pea in canada conceptual study could ask what if questions first attempt to join the dots would expect to make a start in each discipline make the assumptions reasonable large variation. Pre feasibility studies will normally include an estimate of the cost. The purpose of this report is to determine project parameters and define solutions to the problem that further needs analysis. Prior to undertaking the feasibility study, scoping and pre feasibility studies will have defined the project scope and direction. A feasibility study and business plan is an absolute must for any project that is seeking financing or investors. Feasibility studies are required throughout the preproduction stage of every mining project to justify continued investment in the subsequent phase. Prefeasibility study ming coppergold mine phase 2a. Gold mining feasibility study pdf free download as pdf file. The aim of the study is to remove all significant uncertainties and to present the relevant information with back up material in a concise and accessible way.
Ni 43101 technical report, bankable feasibility study montagne dor project. There is no international agreement on the terminology for each stage of feasibility study and there is no agreed standard for quality or accuracy. Our aim was to deliver a study conducted with a lot of rigour that draws on conservative assumptions and is still able to return strong economic metrics. Harte gold announces positive feasibility study for the. Feasibility study for coal mine methane drainage and utilization at the hebi no. The reserves outlined in the feasibility study are shown in table 3 below and use an average cutoff of 2. Hasbrouck project prefeasibility study west kirkland. These differences can lead to changes in the project execution that can lead in turn to disputes between project sponsors, investors and other stakeholders. Srk can provide a complete range of disciplines required to produce a feasibility study for a mining project. Feasibility studies for mining projects ausimm bulletin. Bankable feasibility study update may 28th 2014 rev 03 4 9. The feasibility study presents a very compelling case for the development of kvanefjeld, and emphasizes the projects standing as a globallyunique mining opportunity.
Technical report on the pre feasibility study for the a ck erps oj t,humb ld coun y n vada, usa advisian ii prepared and signed by the following qualified persons this report titled technical report on the pre feasibility study for the thacker pass project, humboldt. Sotkamo silver silver mine bankable feasibility study. The project started with an inventory on how european member states comply with the requirements of conducting a feasibility study for alternative energy systems for new buildings. A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. The feasibility study has demonstrated that the proje ct will produce an average of 3. Proven and probable reserves include dilution by measured and indicated resources below the. The study is titled pre feasibility mining study and is the third mining study produced by srk for the weld range project. Information systems analysis and design csc340 2002 jaelson castro and john mylopoulos the feasibility study 2 the feasibility study phase the objectives of a feasibility. Method of mining semimechanized opencast mining method water demand 15 kld pdf compressor pro. Due to higher grades in the early stages of mining, average silver. The second study, preliminary mining study, updated the project. Due diligence in mine feasibility studies for the assessment of social risk article pdf available in international journal of mining reclamation and environment reclamation and environment1. Rosemont copper project updated feasibility study volume i ni 43101 technical report prepared for. Gold mining feasibility study pdf gold mining mining scribd.
In this post i want to share a little my knowledge and understanding regarding the difference between pre feasibility study and feasibility study. Prefeasibility study mini flour mill small and medium enterprise mini sugar mill project proposal and feasibility. Jul 17, 2014 a company whose principal activities consist of exploration for mineral, oil or gas may not progress to the next stage of development or to a stage where it is able to generate revenue. Prefeasibility study technical report, on the lalor deposit, snow. Studies for mining projects are typically commenced when an exploration programme has identified a mineable resource and pre feasibility studies have shown that development of the resource would lead to an economically viable project. They are meant to be much more accurate and require more resources to. Today, the project executive is also expected to possess a sound knowledge of finance and debt structuring, commerce, logistics, local and national laws, as well as the political and regulatory environment.
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