The Feasibility Study (FS) is a refinement of the recommended project concept, capital cost and operating cost developed as part of the Pre-feasibility stage. The feasibility study will describe how the recommended scope will be executed. Any trade-off studies that were not completed or resolved prior to the completion of the Pre-feasibility Study must be resolved during this phase. Only measured and indicated resources are reported at this time and diluted mineable reserves are utilised at this stage for mine production planning. There is no guarantee of project success; it only states the business case for a project.
This requires significant engineering and an accuracy of +/-10%. Only a bank can determine if its “bankable”. We have a standard table indicating what is in and out for each study described above.
Scope of the Feasibility Study:
- Development of the mine over its proposed life in qualitative and quantitative terms;
- Investigation of the required process covering conception, configuration and sizing;
- Investigation of the required infrastructure and support facilities;
- Investigation into the anticipated interaction with government and environmental protection agencies;
- Review and evaluation of data provided by the client;
- Procurement of documentation from third parties, e.g. relevant government publications and maps; and
- Preparation of statements on technical aspects of the mine process plant, infrastructure, support facilities, logistics and environmental impact.
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