A mining feasibility study is an essential study for any proposed mining project to determine whether the mineral resource can be mined economically and safely with minimum or no environmental impact. We incorporate the complete range of disciplines that are imperatively essential for producing a feasibility study for any mining project.
Our approach is to provide adequate support with the fieldwork, testing, and essential laboratory programs in order to collect the essential base data. Below are three types of feasible studies that are generally carried:
Order of Magnitude
These studies are initial stage for financial appraisal of an inferred mineral resource. It will involve a preliminary mine plan and is the basis for determining whether to proceed with an exploration program. Order-of-magnitude studies are developed by copying plans and factoring known costs from existing projects completed elsewhere.
A preliminary feasibility study is used in due diligence work, determining whether to proceed with a detailed feasibility study and as a “reality check” to determine areas within the project that require more attention. Preliminary feasibility studies are done by factoring known unit costs and by estimating gross dimensions or quantities once mine design has been completed.
A detailed feasibility study will be the basis for capital appropriation and will provide the budget figures for the project. Detailed feasibility studies require a significant amount of formal engineering work.