Mining Project Evaluation

Mathema assists 
  • owners with maximising value from their mineral resource on a risk adjusted, capital adjusted basis
  • financiers with managing risk on both the underlying asset and project off-take
  • regulators with transparency and regulatory compliance including rare or contingent events
Asset due diligence

We assist clients both buying and selling mining assets by

  • identifying a clear value proposition and value drivers for each asset including by way of mine plan optimisation and adding value by way of financing and off-take
  • identifying and mitigating risks associated with each project including technical, financial and operational risk
  • providing robust sensitised credible valuations that include both actual and contingent value

 We understand technical disclosure requirements including those required by

  • Australasian Joint Ore Reserves Committee ("JORC")
  • VALMIN Committee - a joint committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists ("VALMIN") 
  • The South African Mineral Reporting Codes ("SAMVAL")
  • The Canadian Institute of Mining, Metallurgy and Petroleum ("CIMVAL")

Mathema provides high quality, timely, authoritative, impartial, evidence-based comprehensive valuation services to its clients. Our valuation approach include market, income and cost based valuation approaches. Scenario and option based valuation approaches are also utilised.

Independent project review

We assist companies who are looking at acquisitions, project financing, or IPOs

Mathema's impartial advice is widely accepted by the international banking and investment community. Our experienced consultants conduct due diligence audits of ore reserves, mining assessments and environmental considerations for inclusion into prospectuses for stock exchange listings as well as for sale agreements.

Mathema understand what it takes for an independent project review to provide assurance, highlight the areas of risk, and provide clients with the necessary project information to meet the standards of the target investment community.

Our key services include:

  • Independent expert reports for public disclosure, compliance and IPOs
  • Technical reviews for mining finance projects
  • Technical reviews for mergers and acquisitions
  • Risk assessments and opportunities
  • Technical assessment reports
  • Valuation reports
  • Due diligence
  • Technical audits and reviews
  • Competent/qualified person reports
Mineral asset valuations

Mineral asset valuations and techno-economic modelling are required in a variety of situations including mergers and acquisitions, joint ventures, divestitures, project financing, tax or duty assessments, regulatory compliance, litigation and compensation.

Our key services include:

  • Independent mineral asset valuations
  • Techno-economic modelling
  • Transaction support, including fatal flaw and due diligence reports and valuations
  • Benchmarking reports
  • Capital & operating cost analysis
  • Business & operational optimisation
  • Cost–benefit analysis
  • Risk and Scenario Analysis
  • Mining and exploration related information valuation
  • Project analysis
  • Portfolio analysis
  • Supporting infrastructure and regulatory environment analysis 
Resource and reserve reviews and audits

Resources and reserves are the key assets for a mining company. Both senior management and company boards are required to be authorative regarding estimated and reported technical information.

Assurance is required in relation to grade-control estimates, reconciliation, resources and reserves.

Mathema provides technical peer reviews that enhance the assurance process and ensure that both internal company information and external information released beyond the company is accurate, reliable and credible.

Mine plan optimisation

A great geological endowment is not always enough to win. Mathema takes a data driven approach to optimise mine plans to extract as much available value as is reasonably possible from each asset.

Mathema assists clients with mine planning to ensure maximum value extraction on a risk-adjusted basis. 

Mining feasibility studies

Mathema assists clients with Desktop Studies, Bankable Feasibility Studies and Definitive Feasibility Studies.

Additionally, Mathema project manages all required consultants including environmental, infrastructure, regulatory, hydrology consultant to deliver a seamless end-product ready for financing.

 

Mathema 

μάθημα (máthēma, knowledge, study, learning)

Data-centric management consulting