To gain the support of your investors and maximize the net value of your project, your strategy must be based on reliable and comprehensive data, detailed geological models and optimal mining plans. From exploration to production, it is important to accurately assess the grade of a deposit and the location and distribution of mineralization within the rocks. And there are many other factors to consider, including hardness, the presence of deleterious elements and other intrinsic features of the deposit. Beyond a technically and economically favourable geographic location, social acceptability is an important factor in the success and viability of your project.
Presenting a rigorous technical report— compliant with NI 43-101, JORC and other jurisdictions’ codes—prepared by experienced independent consultants will provide your future investors with all the information needed to demonstrate the merits of your project. Understanding and interpreting the deposit as accurately as possible will give you the best chance of ensuring that the results presented live up to expectations for all stakeholders.
Plan and optimize your mining operation
Resource estimation is an important step in the mining cycle because it lays the foundation for your mining project. With reliable data, interpreted correctly, you will be able to develop effective operational strategies that balance your cost and quality objectives, while taking into account your constraints (production rate, financial targets, and the initial investment available). Environmental factors are also taken into consideration at the planning stage, including GHG reduction and water quality management.
Given the critical nature of this information, managing your old data and integrating it effectively with newly gathered data is a complex undertaking, but one that is vital to decision-making. This is how you will build your confidence in applying proposed models, managing risks and optimizing your results.