Case Study: Project Mara
``TBC``
Overview:
MineScope Services, on behalf of Acacia Plc, engaged Practara to determine whether the economic life of one Acacia’s gold deposits could be extended through transitioning from open-pit to underground mining. Practara developed a PFS-level investment evaluation model as well as the accompanying life of mine operating and capital cost estimates for each option identified by the Project team.
Scope of Work:
Liaised with the client to identify the investment criteria matrix for the Project, i.e. defined the metrics for success against which each business case would ultimately be measured against.
Developed a dynamic options evaluation model to derive the incremental value addition of the underground mine over-and-above the residual value of the open-pit mine.
Performed a deterministic sensitivity analysis to identify the controllable parameters to which the project is most sensitive to.
Developed a level 4 operating cost model for each identified scenario that aligned with the operations' code of accounts structure.
Leveraged off the inputs from the various engineering disciplines as well as recent benchmark projects, to compile the capital cost estimate for each identified scenario.
Key Services:
Case Study: Project Mara
Date: 19th Feb 2020
Skills: Cost Estimation & Optimisation, Techno-Economic Modelling, Valuation
Client: MineScope Services on behalf of Acacia Plc
Project: Nyabirama LOM Extension Project PFS
Location: North Mara, Tanzania
