Mineral ExplOITation - Mineral ExplORation - Mining Experts - Mineral Extraction - Minimum Expenditure

Minus the negative Excitement!

--  EXPLORATION  -  MINING  -  PROJECTS  -  INVESTMENT  --

MinEx - Experience to identify a genuine viable project ~ quickly

A Due Diligence Study is the process of considering all the factors surrounding the prospect, to identify methods for developing it into a viable mining reality.  Due diligence is usually carried out with minimal funding and is sometimes called a 'Fatal Flaw Study' to identify any factors that may preclude the project from being viable economically, politically or environmentally.  MinEx Associates understand this type of work and are, through experience, supersensitive to the issues involved with investigating such projects.  Project study work usually involves performing the following series of steps which MinEx are usually able to complete within one month.  In this work it is essential that the client present all the facts about the project.

    *1 - Check the legal, logistic, personnel and accountancy parameters to clarify steps to legal standing and profitability.

     2 - Check the existence of the resource and determine quality and quantity are likely to be promising.

     3 - Establish a rapport and understand information from Government Mining Officials, local landowners and existing employees and other miners.

     4 - Investigate all other available targets in the region to determine if a better one is available before committing resources to an inferior site.

     5 - Establish a clear plan for expenditure to quantify and develop the project (if viable).

There are many people, worldwide, who have gold, diamonds or other minerals on 'their land', in need of development.  In 95% of such instances, there are insufficient mineral resources to support an economically viable mechanised operation. 

In the first instance, producing areas and sites are promoted by an individual with personal ties to the location of interest.  Such individuals will do whatever they can to create the illusion that there is money to be made, whether there is or not.  Perhaps a project has been evolving for a long time and lot of money has been spent.

The first rule in mining is 'NEVER FALL IN LOVE WITH A PROPERTY'.  If it becomes apparent that a project will not be viable, STOP, or find another project. 

MinEx have vast experience at project assessment to assist you to make a decision in light of facts to invest more, or develop the most economical 'way out' strategy.

By a due diligence or fatal flaw study MinEx helps the prospective investor, who has discovered an opportunity.  We will evaluate the overall business risk involved.  We have frequently seen investment in time and capital on a significant scale when the resource is completely unviable or other factors make exploitation impossible.