A PEA, which, as noted above, is a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources. A PEA is sometimes also referred to as a “scoping study.”
What is PEA report?
A preliminary economic assessment, sometimes abbreviated as PEA, is defined as a study that includes an economic analysis of the potential viability of a project’s mineral resources.
What is a project pea?
Preliminary Economic Assessment (PEA)
A PEA, also referred to as a “scoping study”, is a study that includes an economic analysis of the potential viability of mineral resources taken at an early stage of the project prior to the completion of a preliminary feasibility study.
What is a pre-feasibility study mining?
The pre-feasibility is an early-stage analysis of a potential mining project. Conducted by a small team of consultants, the PFS is designed to provide company stakeholders with key information such as logistics, capital requirements, and key challenges; all needed to help guide the decision-making process.
What is a maiden resource estimate?
The maiden resource estimate at Florida Mountain is defined by 840+ historical drill holes drilled to an average depth of just 130 meters, incorporating more than 108,000 meters of historic drilling.
How do you write a pre feasibility report?
7 Steps To Do a Feasibility Study
- Conduct a Preliminary Analysis.
- Prepare a Projected Income Statement.
- Conduct a Market Survey, or Perform Market Research.
- Plan Business Organization and Operations.
- Prepare an Opening Day Balance Sheet.
- Review and Analyze All Data.
- Make a Go/No-Go Decision.
How much does a pre feasibility study cost?
Normal cost range (includes supporting studies and test work – geotechnical, mineralogical, metallurgical, environmental, etc., but not exploration geology) will be in the order of 0.5% – 2.0% of the total project value ($1.0 – $4.0 million for a $200 million project)
What is a 43-101 resource?
NI 43-101 is a rule that governs how companies disclose scientific and technical information about mineral projects to the public in Canada. The disclosure standards apply to oral statements as well as written documents and websites.
What is in a feasibility study?
A feasibility study contains a detailed analysis of what’s needed to complete the proposed project. The report may include a description of the new product or venture, a market analysis, the technology and labor needed, as well as the sources of financing and capital.
What is a PFS in mining?
Prefeasibility studies are an early stage analysis of a potential mining project. They are conducted by a small team and are designed to give company stakeholders the basic information they need to green light a project or choose between potential investments.
What is the main difference between a pre feasibility and feasibility study?
Scope A prefeasibility study scans a series of options and determines the best one in the set. The feasibility study analyzes in depth the best solution from the prefeasibility phase.
What is technical feasibility study?
A technical feasibility study assesses the details of how you intend to deliver a product or service to customers. Think materials, labor, transportation, where your business will be located, and the technology that will be necessary to bring all this together.
What are the four factors considered in a pre feasibility study?
It also takes into consideration its four Ps, its risks and POVs, and its constraints (calendar, costs, and norms of quality). The goal is to determine whether the project should go ahead, be redesigned, or else abandoned altogether.
How do you calculate resource estimation?
Here is a detailed analysis of the process that one should follow for practical resource estimation:
- Evaluate WBS and activity list.
- Estimate the resource requirements.
- Provide a heads-up to the resource manager.
- Identify resource availability.
- Identify shortfall or excess of resources.
- Hire or retrain resources as needed.
How do you estimate mineral resources?
Measured Mineral Resource
The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.
How many types of mineral resources are there?
Mineral resources can be divided into two major categories – Metallic and Nonmetallic. Metallic resources are things like Gold, Silver, Tin, Copper, Lead, Zinc, Iron, Nickel, Chromium, and Aluminum. Nonmetallic resources are things like sand, gravel, gypsum, halite, Uranium, dimension stone.
What are the 3 parts of feasibility study?
Contents of a Feasibility Study
Technology Considerations. Product or Service Marketplace. Identification of Specific Market.
Who writes feasibility report?
Principals of companies and their investors want to ensure that any given project they plan on developing is actually “feasible”, and preparing a study showing this feasibility is the main point of writing such a report (which of course will help save needed capital and time in the long run).
What is the difference between feasibility study and feasibility report?
A feasibility report is the first step and after that a business plan is made to be implemented, without feasibility report a business plan cannot be made. A feasibility study contains computations, research, and projected financial forecasts for a company possibility.
What are the most common mistakes made during a feasibility analysis?
Brady Young of Strategic Risk Solutions outlines some of the most common mistakes made during feasibility studies, including underestimation of future losses, overestimation of investment income, unrealistic operating expense expectations, and incomplete analysis of tax issues at state, federal, and local levels.
How long does a feasibility study take?
Or you might find that another higher priced lot actually costs less in the long run. Expect a feasibility study to take about 60 to 90 days. Unless the market is very hot, don’t tie up much money, if any, in sales agreements for the land during this time period.
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