A strong Mining Business Case required

Production target by [date] 

The mining project has all the required licenses in place to enable mining. 

The economic mineable portion of a mineral resource in a geological model 

A skilled and experienced mining team 

The presence of a mine plan and schedule, the mining method and cost of mining.   

The process of extracting and processing minerals to produce mineral product. 

Site access road, process plant, surface infrastructure, water, power, tailings

Precious metals, energy minerals, base metals, industrial minerals, diamonds 

The presence of a market and an off-take agreement for the mineral product.  

The logistics path of the mineral product to the market, depending on the commodity via road, rail, ship or plane.

The mining project or operation being environmentally compliant; positive relationship of the mine with the community. 

An economic model with production and revenues, capital costs, operating costs, cashflows, NPV, IRR and payback calculations

The presence of a structured plan to implement the project.