FINALS Day 3 - Feasibility Study Flashcards
It is a comprehensive study of a range of options for the technical and economic viability of a mineral
project that has advanced to a stage where a preferred mining method, underground or surface, has been established and an effective method of mineral processing has been determined. It includes a financial analysis based on reasonable assumptions on the
Modifying Factors.
Pre-Feasibility Study
It is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessment of applicable Modifying Factors together with detailed financial analysis.
Feasibility Study
Which has more confidence level, pre-feasibility study or feasibility study?
Feasibility Study
What is the risk tolerance of a Feasibility Study?
Low
What is expected for the mine design in a Feasibility Study?
detailed mine plan and schedule
In a feasibility study, the mineral resource categories must be _____ and ______.
measured and indicated
In a feasibility study, the mineral reserve categories must be _____ and ______.
proved and probable
A feasibility study requires a detailed estimate of EPCM. What does EPCM stand for?
Engineering, procurement, and construction management
What is the accuracy range of a feasibility study?
±10 to 15%
What is LoMP?
Life of Mine Plan
What does JORC mean?
Joint Ore Reserves Committee
PMEA
Philippine Mining and Exploration Association
PMRC
Philippine Mineral Reporting Code
ACP
Accredited Competent Person
