| Locate |
| Definition |
To determine the presence of a viable mineral deposit
containing a saleable product/s. |
| Input |
Suspected mineral deposit |
| Output |
Mineral resource estimate |
| Participants |
Geological Exploration Team |
| Valuate |
| Definition |
The determination of the profitability of a
project, based on the identified mineral resource. |
| Input |
Mineral resource model |
| Output |
Bankable feasibility |
| Participants |
Geological Team and/or contractors |
| Establish |
| Definition |
The planning and execution of mine plan |
| Input |
Bankable feasibility |
| Output |
Orebody exposed and ready to exploit |
| Participants |
Design team, construction contractors, mining
contractors |
| Mine |
| Definition |
To safely remove the mineral resource containing saleable product/s |
| Input |
Exposed orebody containing mineral resource |
| Output |
Quantified orebody stockpile |
| Participants |
Mining Team or contractors |
| Transport |
| Definition |
The removal of the mined orebody stockpile and transport
to destination |
| Input |
Quantified orebody stockpile |
| Output |
Stockpiled orebody containing tonnage at average grade |
| Participants |
Mining Team or contractor |
| Beneficiate |
| Definition |
The optimal extraction of the saleable product/s and safe
disposal of residues |
| Input |
Quantified orebody stockpile |
| Output |
Saleable product/s |
| Participants |
Plant Team or operating contractor |
| Market |
| Definition |
To maximize profit from the sale of the
identified product/s |
| Input |
Saleable product/s |
| Output |
Revenue and profit |
| Participants |
Marketing Team |
| Divest |
| Definition |
Curtailment of operations |
| Input |
Revenue and profit |
| Output |
Change in economic parameters |
| Participants |
Board decision, including purchaser of the asset based on due
diligence or feasibility. |
