Any use of this executive summary report by the owner. Investment in new mines has declined in canada and australia but is still quite active in some areas, including parts of south america. These ranges are wider than generally understood but are constrained by what is practical. 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. 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. The reserves outlined in the feasibility study are shown in table 3 below and use an average cutoff of 2. The ausimms monograph 27, cost estimation handbook second edition 2012 provides a set of standards which may become more widely used.
The feasibility study defines an 800 tpd underground mining operation. Mineral property feasibility studies 229 or even biased evaluations. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present. The feasibility study has demonstrated that the proje ct will produce an average of 3.
A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. Establishing the feasibility of your proposed mining venture saimm. Guidelines for preparing applications and technical. 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 second study, preliminary mining study, updated the project. Feasibility studies are required throughout the preproduction stage of every mining project to justify continued investment in the subsequent phase. The mining voids will be backfilled with unconsolidated rock fill. Mining project owners frequently treat pvi as a oneoff exercise at the end of fs. There is no international agreement on the terminology for each stage of feasibility study and there is no agreed standard for quality or accuracy. This paper looks at three phases in the development of a mineral project and the type of study required.
Prefeasibility studies reducing mining risks youtube. 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. Usually a concept study or scoping study is followed by one or. Feasibility study for coal mine methane drainage and utilization at the hebi no. Proven and probable reserves include dilution by measured and indicated resources below the. The remainder of this paper describes our companys typical approach to the preparation of studies and documents of this nature. 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. A feasibility study and business plan is an absolute must for any project that is seeking financing or investors. Gold mining feasibility study pdf free download as pdf file. Mining prefeasibility studies the costs to consider. Srk would typically then assist with the field work, testing and laboratory programs required to gather the base data.
This report entitled madsen gold project technical report feasibility study. Project evaluation the concept of a feasibility study is a widely used term. This bankable feasibility study bfs report has been prepared by senet pty ltd. Feasibility study is an assessment of the practicality of a proposed project. Bankable feasibility study update may 28th 2014 rev 03 4 9. A mining feasibility study is an evaluation of a proposed mining project to determine whether the. 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. Gold mining feasibility study pdf gold mining mining scribd. Guidance for the use of the terms scoping, prefeasibility. 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. 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.
A mining contractor is to mine 250,000 tonnes t of product coal in 2011 and 1. 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. 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. 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. 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. These conditions generate compliance actions, against which the level of study attained is evaluated. Method of mining semimechanized opencast mining method water demand 15 kld pdf compressor pro. Rosemont copper project updated feasibility study volume i ni 43101 technical report prepared for. Feasibility studies are indepth reports on many of the same topics as prefeasibility studies. Pdf due diligence in mine feasibility studies for the. The first study was titled desktop mining study, and was intended to rank the deposits to improve assumptions required to locate infrastructure. Prior to undertaking the feasibility study, scoping and pre feasibility studies will have defined the project scope and direction.
The bateman approach towards achieving economic and financial. 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. A bankable feasibility study is part of the second phase of the mining cycle. 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. Accuracy of capex estimate and bankable definitive. Technical report on the pre feasibility study for the. Executive summary feasibility study rocklands group copper. Feasibility studies for mining projects ausimm bulletin. 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.
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. The cost of preparing a feasibility study is notoriously difficult to estimate. Trik gold project bankable feasibility study avocet mining plc. A feasibility study provides a definitive technical, environmental and commercial base and. The mine is capable of producing 325,800 tons of highgrade ore per year for 8 years. Pdf economic feasibility studies in mineral exploration. Feasibility study a mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. The operation benefits from having all capital expenditures completed, including the, related surface infrastructure and initial mine developmentprocess plant. 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. Backoftheenvelope approaches to a mine feasibility study need to stay on the backs of envelopes and out of formal, officiallooking reports. There are three types of feasibility study used in mining, conceptual, preliminary feasibility and detailed feasibility.
The final feasibility study is usually based on the most attractive alternative for the project as previously determined. The authors have prepared this prefeasibility study technical report for hudbay. The purpose of this report is to determine project parameters and define solutions to the problem that further needs analysis. 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. Guidelines for preparing applications and technical reports required for mining licences freetown 2009. Issues with feasibility studies in mining arbitrations the principal purpose of a feasibility study is to demonstrate the technical and economic. The companys strategic focus is on the exploitation of high.
The feasibility study premise was based in part on a pre feasibility study that was completed by hatch in 2003. Dec 12, 2012 prefeasibility study of mini flour mill grinding mill china. These differences can lead to changes in the project execution that can lead in turn to disputes between project sponsors, investors and other stakeholders. Sotkamo silver silver mine bankable feasibility study. Jul 23, 20 pre feasibility is supposed to be about deciding if you have a mine. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. 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. Due to higher grades in the early stages of mining, average silver. 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. 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. The study is titled pre feasibility mining study and is the third mining study produced by srk for the weld range project. 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.
Our services consist of the preparation of scoping studies, mining pre feasibility and feasibility studies for both underground and open pit mine projects. 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. They are meant to be much more accurate and require more resources to. Prefeasibility study mini flour mill small and medium enterprise mini sugar mill project proposal and feasibility. Consisting of lifelong entrepreneurs, lawyers, consultants and business plan writers, our team is dedicated to the success of our clients goal. Establishing the feasibility of your proposed mining venture. Srk can provide a complete range of disciplines required to produce a feasibility study for a mining project. 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. 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. Estimates for mining and infrastructure are much less reliable.
Harte gold announces positive feasibility study for the. Prefeasibility study technical report, on the lalor deposit, snow. 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. 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. 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. Rupprecht rsg global, helderkruin, republic of south africa project evaluations of mineral deposits are necessary for mineral rights, owners and investors alike. A feasibility study could also determine whether the project will be profitable. Feasibility study for coal mine methane drainage and utilization. This report entitled ni 43101 feasibility study technical report for the cerro blanco project, effective as. Hasbrouck project prefeasibility study west kirkland. Feasibility study is an important step in the entrepreneurial process. 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. No further development capital is required to operate at 800 tpd.
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. Ni 43101 technical report, bankable feasibility study montagne dor project. 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. 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.
In this post i want to share a little my knowledge and understanding regarding the difference between pre feasibility study and feasibility study. Resources to conduct a feasibility study for a gold tailings retreatment project the elikhulu project. 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. Prefeasibility study ming coppergold mine phase 2a. 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. Steps for preparing uranium production feasibility studies. A feasibility study for an education institute at world war. The feasibility study presents a very compelling case for the development of kvanefjeld, and emphasizes the projects standing as a globallyunique mining opportunity. Cradle announced the results of the definitive feasibility study dfs on 20 april 2016. 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. Prefeasibility mining study weld range iron ore project.