MINING PROJECT FEASIBILITY STUDY – TABLE OF CONTENTS WBS No. WBS Description Scope/Requirements Preliminaries and Project Management
Contract Negotiation and Preparation Kick-Off Meeting Bi-Weekly Progress Report Monthly Progress Reports TOC Item 1 Summary & Recommendations Summary, recommendations and executive summary for standalone reading. 1.1 Executive Summary 1.2 Recommendations 2 Introduction Sets out relevant factual known information to establish a context for the study. 2.1 Introduction of Meridian Minerals 2.2 Introduction of Lennard Shelf mines history 2.3 Introduction of purpose of the Feasibility Study and description of the study process
3 Development Approach Sets out the corporate business strategy, sustainability, strategic analysis and exit strategy pertinent to the study . 3.1 Description of general development approach proposed by Meridian
4 Risk Assessment Sets out policy, practises, risk assessment, risk mitigation plan and risk register. 4.1 Policy and practises 4.2 Risk Assessment 4.3 Risk Mitigation Plan 4.4 Risk Register 5 Health and Safety Sets out policy, procedures, assessment, strategy, and management plan in sufficient detail to support the project's cost estimate and schedule. 5.1 H&S Policy and procedures 5.2 H&S Assessment 5.3 H&S Strategy 5.4 H&S Management Plan 6 Environmental Sets out policy, procedures, assessment, strategy, and management plan in sufficient detail to support the project's cost estimate and schedule. 6.1 Environmental Policy and Procedures 6.2 Environmental Assessment 6.3 Environmental Strategy 6.4 Environmental Management Plan 6.4.1 Review permits and approvals required 6.4.2 Develop permits and approvals register 7 Geology and Mineral Resource Estimate Confirmation by Consultant based on information by the Company 7.1 Data Acquisition 7.2 Review design of drill program, review results 7.3 Regional, Local and Property Geology 7.4 Geological Structure 7.5 Geology Model 7.6 Resource Estimate 8 Mining and Ore Reserve Estimate Sets out data acquisition, standards, mine planning, mine configuration, production schedule, reserve estimate and waste dump design in sufficient detail to support the project’s cost estimate and schedule. 8.1 Data Acquisition and Standards 8.2 Geotechnical Considerations 8.3 Hydro-geology and Hydrology 8.4 Mining Method Selection 8.5 Mine Design and Configuration 8.6 Waste Dump Design 8.7 Dewatering Plan 8.8 Ore Reserve Estimate 9 Mineral Processing Sets out data acquisition, process selection & design, production schedule, materials handling (ROM ore through to product transport) and tailings disposal in sufficient detail to support the project’s cost estimate and schedule. 9.1 Data Acquisition and Standards 9.2 Process Selection & Design 9.3 Process Schedule 9.4 Materials Handling 9.5 Tailings Disposal 10 Water Management Sets out policy, procedure, assessment and the project’s water supply and disposal management plan in sufficient detail to support the project’s cost estimate and schedule. 10.1 Policy and Procedures 10.2 Water Supply Assessment 10.3 Water Storage and Disposal 11 Infrastructure and Services Sets out data acquisition, standards, design, and site configuration in sufficient detail to support the project’s cost estimate and schedule. 11.1 Data Acquisition and Standards 11.2 Infrastructure Design and Configuration 11.3 Electrical Power Supply 11.4 Water Supply 11.5 Workforce Accommodation 11.6 Equipment Maintenance Facilities 11.7 Administration Facilities 12 Logistics Sets out policy, procedure, assessment and logistics plan to support study sections of infrastructure & services, project execution and project operation. 12.1 Logistics Policy & Procedures 12.2 Logistics Assessment 12.3 Logistics Plan 12.3.1 Transport of Consumables and Supplies 12.3.2 Outgoing Transport of Products 13 Human Resources Sets out policy and corporate standards for the project’s organisation and project personnel sourcing, recruitment, training, accommodation and remuneration in sufficient detail to support the study sections of project execution and project operation. 13.1 HR Policy & Procedures 13.2 Management Organisation and Structure 13.3 Workforce Sourcing and Recruitment 13.4 Workforce Training 13.5 Workforce Accommodation 13.6 Workforce Remuneration 14 Technology & Information Systems Sets out policy and standards for technology, IT equipment and information systems in sufficient detail to support the study sections of project execution and project operation. 14.1 Technology Policy & Procedures 14.2 Phone (voice) Communication 14.3 Internet Communication 14.4 Computer Systems 14.5 Management Information System 14.5.1 Production Reporting Systems 15 Project Execution Sets out the approach, strategy and procedures to the Project Execution phase in sufficient detail to support the project’s cost estimate and schedule – and is the precursor to a Project Execution Plan. 15.1 Project Execution Strategy and Approach 15.2 Project Execution Policy & Procedures 15.3 Project Execution Plan 15.4 Project Execution Schedule 16 Project Operation Sets out the approach, strategy and procedures to the Project Operation phase in sufficient detail to support the project’s cost estimate and schedule. 16.1 Project Operation Strategy and Approach 16.2 Project Operation Policy & Procedures 16.3 Project Operation Plan 16.4 Project Operation Schedule 17 Project Closure Sets out the approach, strategy and procedures to the Project Closure phase in sufficient detail to support the project’s cost estimate and schedule. 17.1 Project Closure Strategy and Approach 17.2 Project Closure Policy & Procedures 17.3 Project Closure Plan 17.4 Project Closure Schedule 18 External Relations Sets out policy, procedure, assessment and management plan in sufficient detail to support the study sections of project execution and project operation. 18.1 External Relations Policy & Procedures 18.2 External Relations Assessment 18.3 External Relations Management Plan 19 Capital Costs Sets out policy and standards for the project’s capital cost estimation and collates capital costs of the different study disciplines/study report sections. 19.1 Policy & Estimation Standards 19.2 Capital Cost Estimate 19.2.1 Geology and Exploration 19.2.2 Mining Equipment and Mine Commissioning 19.2.3 Processing Plant Construction 19.2.4 Infrastructure (Power, Water, General) 19.2.5 Environmental (Permits, Rehab, Closure) 19.2.6 Transport (to & from site) 19.2.7 General and Administration 19.3 Total Capital Estimate and Schedule 20 Operating Costs Sets out policy and standards for the project’s operating cost estimation and collates operating costs of the different study disciplines/study report sections. 20.1 Policy & Estimation Standards 20.2 Operating Cost Estimate 20.2.1 Geology and Exploration 20.2.2 Mining 20.2.3 Processing 20.2.4 Infrastructure 20.2.5 Environmental 20.2.6 Transport 20.2.7 General and Administration 20.3 Total Operating Cost Estimate 21 Marketing Sets out policy, procedure, assessment and the project’s marketing plan in sufficient detail to meet the business strategy and to support the project’s cost estimate and schedule. 21.1 Marketing Policy & Procedures 21.2 Marketing Assessment 21.3 Product Marketing Plan 22 Ownership, Legal & Permitting Sets out ownership, legal agreements, and permits required to develop, construct and operate the proposed project. 22.1 Project Ownership 22.2 Legal Agreements 22.3 Review Operating Permits and Approvals 22.4 Develop permits and approvals register 22.5 Review Native Title Agreement 22.6 Investigate attitude of Kimberley Lands Council
23 Technical-Economic Modelling Sets out policy and standards for technical- economic modelling and presents the model employed and the results of such modelling. 23.1 Policy and Standards 23.2 Model Structure 23.3 Model Assumptions 23.4 Model Construction 23.5 Model Results 24 Financial Modelling and Funding Sets out the funding means proposed for the project in sufficient detail to support the financial modelling and contracting strategy employed. 24.1 Funding Policy 24.2 Equity Funding 24.3 Debt Funding 24.4 Tax Modelling 24.5 After-Tax Cashflow 24.6 NPV, IRR and Breakeven Analysis 25 Status of Studies Sets out the standard achieved by this study report and results of peer reviews as conducted. 25.1 Standards Achieved 25.2 Peer Reviews 26 Future Work Plan Sets out work required post completion of the study for the next study phase or project commitment. Future Work Required Future Work Plan and Schedule Future Work Approvals Process 27 Bibliography & Glossary Listing of published reports and terms as employed in the study report. 28 Appendices Appendices in support of the study report such as drawings, detailed cost estimates, detailed schedules, technical reports and data room details for subsequent due diligence.