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12:36
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Originally posted by AussieBryan
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Just to inform holders the difference in different studies.Concept study: A concept study is to outline a business strategy, establish the methodology of project development, and indicate the expected costs.Scoping study: Are designed to delineate the scope of a potential project, including rough estimates of potential production values and costs. When a resource is classified as “indicated”, an order of magnitude or scoping study will provide a financial assessment of the resource.Preliminary study: Include further exploration drilling program to gain more concrete knowledge about the target ore body, and the adoption of a detailed mine plan and accompanying mining methods that will be best suited for removing the material in a cost effective, timely manner.
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Nice one @AussieBryan good too see people like yourself researching instead of having muppets asking stupid questions.
