Module 5 Assignment_202320

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Dec 6, 2023

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MINE 1100: Introduction to the Minerals Industry Assignment 5 Name: Student Number: MINE 1100: Introduction to the Minerals Industry Module 5 Assignment: Evaluation and Development Assignment Instructions To complete this assignment, choose one of the following announcements that reports some level of scoping or feasibility study. You will need to conduct your own research to find all the required information: Sayona Mining feasibility for NAL mine confirms $2-billion pre-tax value Radisson Mining Resources doubles resources at O’Brien gold project in Quebec Vision Lithium Preliminary Economic Assessment at Sirmac boasts 839% IRR, NPV $183M pre-tax Fission Uranium announces economics for Patterson Lake South uranium property. Vista Gold’s feasibility study on Mt Todd project shows improved economics Candente Copper envisages a 28-year, open pit mine at Canariaco Norte in Peru South32 Ltd. (ASX, LSE, JSE: S32) announced on Monday the completion of a pre-feasibility study (PFS) for the Taylor deposit, Arizona. You may find the following websites helpful: http://www.canadianminingjournal.com/tag/economic-feasibility-studies/ http://www.kitco.com/pressrelease/ (You can search by keyword on this site. An example keyword would be “Feasibility”) Answer the questions listed below based on the project you chose to research. Please note that you must include your references. Question 1. Briefly describe the company and what project they are working on. Question 2. Discuss the type of material (Ore) that they are mining and indicate 2 things this material is used for. For example, if it was a platinum mine then two uses are jewelry and catalytic converters.
MINE 1100: Introduction to the Minerals Industry Assignment 5 Question 3. What level of study have they completed (Scoping, Pre-Feasibility, Final Feasibility, etc.)? Briefly describe the type of work they have done. Question 4. List the reserves and/or resources that they have calculated. Remember that resources must include the grade and the tonnage, not just the amount of contained metal. Question 5. Describe the type of mining that is proposed for this deposit. Provide as much detail as you can (up to one paragraph). Question 6. The project development phase follows the project evaluation phase. In some cases it may be several years between the completion of a final feasibility study and the decision to begin project development and construction. Describe at least three reasons why a mining project may become less valuable, or even uneconomic, between the date that a final feasibility study is completed, and the date when mine construction is completed (assume that nothing has changed with the mining plan or mineral resource).
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