Skip to main content
Conference Proceedings

Project Evaluation 2016

Conference Proceedings

Project Evaluation 2016

PDF Subscribe Add to cart

The Pre-Feasibility Study - Big Choices, Little Time

As of 1 December 2014, the 2012 edition of the JORC Code requires Ore Reserves to be defined by studies at the pre-feasibility or feasibility level. This paper examines how the pathway for most mining developments is determined in the Pre-Feasibility Study and how a trade-off must be made between the need to make the best decision, the constraints of limited time and resources, and the level of the project's accuracy and uncertainty in terms of value. Issues considered include framing the scope of the study, planning for robust decision-making and ensuring effective communication between the diverse disciplines within the team._x000D_
An inherent conflict exists between the immediate value added to a mining business from an increase in ore reserves resulting from a quick' Pre-Feasibility Study and the long-term value of pursuing a development strategy based on proper investigation and evaluation of the options. Recognition and resolution of this conflict is necessary if a project is to progress into future development stages, both in a timely manner and with the optimal development alternative and strategy._x000D_
The challenge for project developers and those conducting the Pre-Feasibility Study is to understand what the key deliverables are (ie an Ore Reserve statement, option selection, business evaluation, forward work plan or risks) and how to follow good practice to ensure that these deliver value._x000D_
CITATION: Logan, D J and Jackson, J, 2016. The pre-feasibility study - big choices, little time, in Proceedings Project Evaluation 2016, pp 122-132 (The Australasian Institute of Mining and Metallurgy: Melbourne).
Return to parent product
  • The Pre-Feasibility Study - Big Choices, Little Time
    PDF
    This product is exclusive to Digital library subscription
    Subscribe
  • The Pre-Feasibility Study - Big Choices, Little Time
    PDF
    Normal price $22.00
    Member price from $0.00
    Add to cart

    Fees above are GST inclusive

PD Hours
Approved activity
  • Published: 2015
  • PDF Size: 0.711 Mb.
  • Unique ID: P201601013

Our site uses cookies

We use these to improve your browser experience. By continuing to use the website you agree to the use of cookies.