Feasibility study application In Mining Combined with International Codes Mining

Course Description

The aim of this course is to introduce audiences to the principles of mine feasibility
studies. Students will be able to develop in this course skills in exploration costs,
production scheduling, equipment selection, cost estimation and project evaluation for the preparation of a pre-feasibility study document.

A feasibility study and other preliminary assessments are the vital basis for evaluating the potential and economic costs of a mining project as well as the conditions for its realization. Fully integrated technical design and economic assessment for mineral development projects should be undertaken at Scoping study, Pre‐feasibility and Feasibility study level.

The Feasibility Study includes revenue forecasting, risk assessment and opportunities, marketing assessment, and economic analysis to determine if the project meets the Owner’s objectives. Other components include valued engineering trade-off studies, aspects of procurement including EPCM and site-specific risks. These include country, permitting, social, environmental, labor availability, weather, competition, geotechnical, geological, transportation, market, infrastructure availability, capital costs, operating costs and currency exchange rate risks.

The Role of different feasibility studies; Guidelines and criteria for resource and reserve classification. Sources of technical information for feasibility study industry-level information; Quality requirements of technical and economic information; Pre-
production planning and optimization of the rate of mining in relation to the size of the resource; Mining methods; Importance of dilution, waste rock ratio, recovery and net smelter return; Estimation of operating and capital costs.

Target audience

The course is designed for mining engineers, project managers, geologists, and
consultants, financial analysts, and environmental engineers, consulting firms,
investment bankers, institutional investors and government officials.

Course objective

By the end of the course, participants will be able to:

• Deep discipline knowledge and intellectual breadth
• Creative and critical thinking, and problem solving
• Teamwork and communication skills
• Professionalism and leadership readiness
• Intercultural and ethical competency
• Digital capabilities

Course outlines

• introduction Feasibility Studies and Mining codes

o Project definition
o Project phases
o Feasibility Study components
o Mining codes
o Mining codes definition, roles, end objectives

• Scoping Studies 

o Geological summary and resources estimate
o Mining methods (preliminary)
o Beneficiation studies (characterization and bench scale tests).
o Economic evaluation
o Market Analysis
o NI 43-101 Technical Report

• Prefeasibility Studies 

o Additional drilling and geological studies, resources calculations
o Determination of mining methods and preliminary mine planning
o Additional sampling, composite, characterization and bench scale

• beneficiation studies

o Additional bench scale and pilot plant processing studies
o Pilot plant beneficiation tests
o Selection and determination of location of the beneficiation and

• processing facilities (preliminary layout)

o Preliminary Flowsheets and P&IDs
o CAPEX and OPEX estimates
o NI 43-101 Technical Report

• Final Feasibility Studies:

o Final drilling, geological studies, resources calculations and sampling
o Resource evaluation and quantification
o Final mining method selection and mine planning

• Feasibility studies in Mining projects and related Mining Codes

o Additional sampling, composite, characterization and bench scale
beneficiation tests

o Pilot plant beneficiation tests
o Additional bench scale and pilot plant processing tests
o Permit requirements
o Hydrological studies
o Soils testing and geotechnical analysis
o Final layout of facilities.
o Flowsheets and P&IDs
o CAPEX and OPEX
o Financial Model
o Environmental impact assessment (EIA)
o Marketing studies: commercialization, distribution, and product

• samples evaluation by potential customers

o Product and raw materials transportation logistics
o Risk assessments
o NI 43-101 Technical Report.

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