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Mining Field: Feasibility Studies |
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Area: Cost |
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The cost of a detailed feasibility study will be in a range from ½% to 1½% of the total estimated project cost. Source: Frohling and Lewis
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The cost of a detailed or "bankable" feasibility study is typically in the range of 2% to 5% of the project, if the costs of additional (in-fill) drilling, assaying, metallurgical testing, geotechnical investigations, environmental scrutiny, etc. are added to the direct and indirect costs of the study itself. Source: R. S. Frew
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Area: Time |
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The definitive feasibility study for a small, simple mining project may be completed in as little as 6-8 weeks. For a medium-sized venture it may take 3-4 months, and a large mining project will take 6-9 months. A world-scale mining project may require more than one year. Source: Bob Rappolt and Mike Gray
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