As near-surface underground mines progress deeper, the inevitable question is whether to convert from truck haulage to shaft hoisting. The desire to defer capital expenditure frequently delays investigation of the shaft option, or deferral of a decision to start shaft sinking, unless the shaft option is clearly significantly better than trucking. By the time increasing depth makes trucking uneconomic, there may then be insufficient resource remaining to justify a shaft, and the mine must close. However, had the shaft been built earlier, its lower operating costs would have permitted the mine to continue to greater depths._x000D_
This paper presents a methodology for investigating the shaft versus trucks decision. As well as the typical analysis of which option is preferable at the time the analysis is conducted, the process presented illustrates how the timing of the decision to sink a shaft is critical. The paper shows how to identify the latest date at which the decision to sink a shaft can be made, after which time the shaft option will not be economic. It also illustrates how to assess the resource that may be required to justify the shaft. Considering this in conjunction with the latest decision date, implications for the company's exploration program are discussed.