Mining feasability study

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A feasability study of a mine is usually done prior to a developer purchasing the land. This is usually called a pre-feasabilty study and is done to reduce the risk of failure and minimise the loss of money for a mining company. A prefeasabilty study determines whether the project worth pursuing? If so what would be the primary focus elements?

Pre-feasibility mining studies are designed to provide a high level assessment of the viability of a deposit. The main aim of this study is to provide a value of the potential project and determine the key business drivers.

Bankable feasibility studies for mines are undertaken to optimise value and minimise technical risks. Studies of this type cover data acquisition, through detailed mine design, to the production of operating and cost schedules and financial analysis.