Pre feasibility study carrapateena pfs executive summary page 7 of 78 1 executive summary and recommendations 1. Guidelines for preparing applications and technical reports. Voluntary disclosure in gold mining feasibility studies. It is not so that we ignore the other factors in a real estate feasibility study. The feasibility study premise was based in part on a pre feasibility study that was completed by hatch in 2003. Key map showing the approach roads to the site to be attested by the deputy assistant director of geology and mining of the concerned district. 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. Cradle announced the results of the definitive feasibility study dfs on 20 april 2016. Establishing the feasibility of your proposed mining venture.
The final result of a real estate feasibility analysis is inclusive of technical, legal, operational and scheduling feasibility studies. There is enclosed soft copy for form i, pre feasibility report and mining plan in cd. The next step on the road to establishing a working mine is the preliminary, or pre feasibility study. The feasibility study for a mining project, as well as for other projects, must be done in order to give to the owner relevant information about the viability of the project. Accuracy of capex estimate and bankable definitive. While the feasibility study is the key development in the advanced exploration phase, in regional exploration companies actually collect a great deal of data that is used in. The bankable feasibility study bfs open pit is approximately 2. Ni 43101 technical report bankable feasibility study. A feasibility study provides a definitive technical, environmental and commercial base and. A bankable feasibility study is part of the second phase of the mining cycle. Feasibility studies for mining projects amc consultants. Prefeasibility study ming coppergold mine phase 2a.
There is no international agreement on the terminology for each stage of feasibility study and there is no agreed standard for quality or accuracy. Hasbrouck project prefeasibility study west kirkland mining. Prefeasibility study guidelines 1 4 structure and scope of the pre feasibility study the specific scope and tasks addressed in a pfs will be set out in the projects tor and later agreed between cdia, the client city and the pfs team. An april 2016 jorc2012 compliant mineral resource of 39mt at 0. Establishing the feasibility of your proposed mining venture s. This document serves as the final report for a prefeasibility study that was conducted by a project team assembled and managed by the agency for rational energy use and ecology arenaeco in ukraine herein referred to as the project team. They are meant to be much more accurate and require more resources to conduct. Resolute mining resolute or the company is pleased to advise that it has completed a positive feasibility study study for its 90% owned bibiani gold project bibiani or the project in ghana. Jul 23, 20 the costs of mining are many, and need all be considered during pre feasibility studies. Feasibility phase studies a mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically.
Executive summary oz minerals a modern mining company. Prefeasibility study ming coppergold mine phase 2a wsp rambler metals and mining canada limited no 151200 the expected gold value for cdncm2 is 1. It concludes that development of the orebody is technically achievable. Bankable feasibility study update may 28th 2014 rev 03 7. Perform scenario and sensitivity analysis to improve plans and projections. The purpose of this report is to determine project parameters and define solutions to the problem that further needs analysis. Build the feasibility study financial model using microsoft excel. The authors have prepared this prefeasibility study technical report for hudbay. Prefeasibility mining study 2008 sinosteel midwest group. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. Feasibility studies for mining projects ausimm bulletin.
The feasibility of value addition in the mining sector in the wake. The final feasibility study is usually based on the most attractive alternative for the project as previously determined. Guidelines for preparation of prefeasibility reports. They are meant to be much more accurate and require more resources to. 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.
The feasibility study premise was based in part on a prefeasibility study that was completed by hatch in 2003. Guidelines for preparation of prefeasibility reports urban. Ruthrauff road, ste 170 tucson, arizona 85705 5202931488. Prefeasibility studies reducing mining risks youtube. Sweden viscaria project copper, magnetite optimisation and prefeasibility study, underground mining component of the scoping study. The full feasibility study is critical for the firm since it is the platform on which either equity or debt project finance is sought. Jan 30, 2014 the level of accuracy associated with a scoping or order of magnitude study is between 4050%.
Should the prefeasibility study be successfully completed it will lead to the commencement of an often costly and lengthy full. Alternatively, a manual pickup of the ridge would be sufficient. Guidelines for preparing applications and technical. Feasibility study for coal mine methane drainage and utilization. Steps for preparing uranium production feasibility studies. The weld range deposits are difficult orebodies to blend. Sotkamo silver silver mine bankable feasibility study.
Provided the client with tailored integrated services, beginning with early exploration resource definition, and including geotechnical, environmental and mining aspects of ongoing engineering and feasibility studies. Metal prices lower than this were examined to determine the best blend of resource. The feasibility study technical report was published in april 2012. Shallow drilling via both manual and mechanized augers was used to verify the gold. This document serves as the final report for a pre feasibility study that was conducted by a project team assembled and managed by the agency for rational energy use and ecology arenaeco in ukraine herein referred to as the project team. Sotkamo silver silver mine bankable feasibility study update. Mining prefeasibility studies the costs to consider. Prefeasibility study ming coppergold mine phase 2a wsp rambler metals and mining canada limited no 151200 all assays entered in the database as being below detection limit with a prefeasibility and feasibility studies determining the feasibility of mining is generally carried out as a staged, iterative series of technical, economic, environmental and risk studies. A feasibility study is an evaluation of a mineral reserve to determine whether it can be mined effectively and profitably or not. This is a necessary exercise that can avoid unnecessary expenditure on a project that has no or little economic potential. Srk would typically then assist with the field work, testing and laboratory. Prefeasibility study on coal mine methane recovery and. Pre feasibility study and difinitive feasibility study for introduction of cip plant, ni43101 compliant.
Feasibility studies in mining arbitrations by david persampieri charles river associates f easibility studies are often at the heart of disputes in the mining and mineral processing industries. It is an engineering study based on test work and engineering analysis, which presents enough information to determine whether or not the project. As demand for resources intensifies, a feasibility study has to show that the owners can create the right conditions for a successful project. It is common to refer to the general levels of certainty reached as scoping, prefeasibility and feasibility. Most often we incorporate all of them in the economic feasibility. Open pit mining utilising a chilean mining contractor. Rosemont copper project updated feasibility study volume i ni 43101 technical report prepared for.
What is a feasibility study in mining and mineral processing. 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. A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. Sweden viscaria project copper, magnetite optimisation and pre feasibility study, underground mining component of the scoping study. Some are done by a two or threeman team which has access to consultants in various fields. Usually a concept study or scoping study is followed by one or more pre feasibility studies that reflect the increasing level of technical and economic. The results of a prefeasibility study may be the first hard project information which is seen by corporate decision makers and investors. Prefeasibility study technical report, on the lalor deposit, snow. Prefeasibility study carrapateena pfs executive summary page 7 of 78 1 executive summary and recommendations 1. Feasibility studies are required throughout the pre production stage of every mining project to justify continued investment in the subsequent phase. While the feasibility study is the key development in the advanced exploration phase, in regional exploration companies actually collect a. 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 study is significant because it contributes to existing knowledge on economic. Guidance for the use of the terms scoping, prefeasibility.
The error rate of less than 1% is well within acceptable standards. 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 purpose of the study is to explore the feasibility of funding value addition motive when the country employs the indigenisation policy. It includes the detailed study of reserve estimation, mining methods evaluation, processing technique analysis, capital and operating cost determination and the process effect on environment. Analyze someone elses feasibility study and find its merits and shortcomings. The traditional feasibility process, from scoping through to. The study has been lodged with the government of ghana, which owns a 10% free carried interest in the project. Rupprecht rsg global, helderkruin, republic of south africa project evaluations of mineral deposits are necessary for mineral rights, owners and investors alike. The 2016 prefeasibility 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 study the feasibility study provides a definitive technical, environmental and commercial base for an investment decision. Combining technical aptitude with a longstanding history. 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.
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. Conflicts often arise when the actual execution of a mining project differs from what was anticipated in the feasibility study. 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. 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. Prefeasibility study, december 2018 josemaria resources inc. Order of magnitude feasibility studies sometimes referred to as scoping. Feasibility study for coal mine methane drainage and. Land bank feasibility study process this draft report represents the second work product from the land bank feasibility study. This training program is designed for anyone involved in preparing, writing and analyzing feasibility studies. Momin mukherjee and sahadev roy, feasibility studies and important aspect of project management, international journal of advanced engineering and management, vol. Each pfs will, of course, be different with a principal. Land bank feasibility study fort collins, colorado. Charles muller is the qualified person, qp for the resource assessment report. In the case of a prefeasibility report prepared under the third water supply and sanitation sector project the report should briefly outline the project and the reasons why the current study has been carried out.
In the case of a pre feasibility report prepared under the third water supply and sanitation sector project the report should briefly outline the project and the reasons why the current study has been carried out. Our services consist of the preparation of scoping studies, mining pre feasibility and feasibility studies for both underground and open pit mine projects. 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. Mining feasibility studies srk can provide a complete range of disciplines required to produce a feasibility study for a mining project. It is common to refer to the general levels of certainty reached as scoping. It should be the most accurate and the most precise estimate obtainable given. I am a senior process metallurgist and study manager mining and metals with.
The study was developed for and funded by the usepa coalbed methane outreach program, through the global. Feasibility studies are indepth reports on many of the same topics as prefeasibility studies. In august, bae prepared and submitted to city staff a preliminary memorandum of findings, to serve as an interim analysis and give city staff the opportunity to comment on the basic structure. The prefeasibility mining study is reliant on project inputs and assumptions. This calls for a much wider range of skills and an unprecedented depth of analysis that covers the full financial, operational, legal, regulatory and logistical aspects of the project. Positive prefeasibility study for platinum group metals. The ausimms monograph 27, cost estimation handbook second edition 2012 provides a set of standards which may become more widely used. Prefeasibility study and difinitive feasibility study for introduction of cip plant, ni43101 compliant. Prior to undertaking the feasibility study, scoping and prefeasibility studies will have defined the project scope and direction. Jack caldwell, from i think mining, goes through the costs to be considered.
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