Open Cut Metals – Life of Mine Planning

MEC Mining was engaged by ASX-listed Company operating an open cut metal mine in northern Europe to undertake a full review of their deposit and to produce a Life of Mine Plan (LOM). The goal of the project was to produce a plan that was to be both sustainable and achievable, while maximising economical mining reserves and confidence.

MEC produced a plan with the following strengths:

  • An improved understanding from the client of the risks associated with the LOM plan.
  • An improved client awareness of the ultimate pit limits of all pits across their tenement.
  • A strategic focus on future drilling targets that would add significant project value and subsequent JORC reserve upgrades.
  • Nameplate Production achieved consistently across the majority of the LOM plan; exceeding outcomes of previous LOMs.
  • A significant increase in mine life and ultimately project value.
  • Planned crusher move postponed significantly, deferring major capital expenditure.
  • LOM Plan achieved with the existing digger fleet, removing the requirements for major CAPEX associated with fleet upgrades.

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