- Value drivers
- Applicable mechanisms
- Potential NPV uplift
Before committing to a Whittle Enterprise Optimisation Study, the first step is to assess the potential benefit of implementing Whittle Integrated Strategic Mine Planning within your open pit mine or underground mine.
A Strategic Assessment (SA) is a short review of the underlying economics and opportunities for improving the mining operation and/or future project through Integrated Strategic Mine Planning (Enterprise Optimisation). In many cases significant improvement in mine optimisation and mine valuation is achieved. During COVID, we have proven that a site visit is not required. The desk-top analysis is conducted remotely, over a 2-3 week period, in discussion with your relevant personnel.
During the Strategic Assessment, the current mine plans are examined for the key components of Whittle Integrated Strategic Mine Planning. This involves the identification of value drivers, bottlenecks and the applicable mechanisms required for mine planning improvement. The current mine planning techniques are then compared to best practice.
The result is a 20+ page report, clearly identifying the key value drivers for the mining project or operation, and the applicable mining optimisation mechanisms. This assessment also provides an estimate of the potential range of NPV uplift and mine valuation increase, which is likely to be achieved if a full Whittle Enterprise Optimisation Study is conducted.
“The results from Whittle’s enterprise optimisation across four production scenarios of Condor Gold’s La India Project in Nicaragua, resulted in an average increase of 51% in NPV, 20-25% increase in contained gold with pit shells and a 20% increase in the annual production ounces gold during the first 5 years of the mine life.”
Mark Child, Chairman and CEO of Condor Gold plc