1

Discovery of Ore body

Exploration/Prospecting

Scope

• Defining extent & location
• Geological mapping of target
  areas
• Sampling, testing, grading

Outcomes & Benefits

• Reserve/Deposit size
  estimation & modelling
• Pricing & Value (market)
• Timelines
• Universal Certification

2

Feasibility Study

Project Viability

Scope

• Risk vs Reward ratios
• Project financial modelling
• Stripping ratios (Mineral Vs
  OB/Waste)
• Cost of capital (Debt & Equity)
• Return on capital (RRR)

Outcomes & Benefits

• Prospective Cost analysis
• Financial viability (estimated
Cost Vs Revenue per MT/BCM)
• Investor prospects
• Time lines
• Universal Certification
• Helps in determining
  recoverability of cost and
  marketability of product from
  excavation to reclamation.

3

Project Planning &
Budgeting

Scope

• Open cast/Open pit
• Sub surface/Underground
• Identify a pilot mine
• Pre-Production planning
• Define Project stages
• Budget allocation
• Define Targets
• Mine construction
• Asset size determination
• Asset deployment
• Production

4

Operations

Extraction,
Handling/Logistics/
Processing

Scope

• Extraction, Handling &
  Processing – Planning and
  scheduling

Activities

• Drilling
• Blasting
• Excavation
• Loading of OB or Mineral
• Trips/Haulage/Cycles
• Unloading of OB or Mineral
• Screening, Crushing,
  Smelting, Washing
• Tailings and slurry
• Asset maintenance
• Procurement & Stores
• Operators efficiency
• Human capital efficiency

Outcomes & Benefits

• Automation of mining
  operations to provide
  constant uptime and control
  costs.