Capability Statement
Mineral Resource and Mineral Reserve Estimation
Technical Support for Bank and Equity Financing
Metallurgical Studies and Process Design
Project Management and Feasibility
Environmental and Social Studies
NI 43-101 Technical Reports
Competent Persons Reports
Mine Design and Planning
Litigation Support
Mineral Markets
Benchmarking
Due Diligence
Integrity
Competence
Independence
Offering a Full Range of Mining Consulting Services
TORONTO +1 416 362 5135 VANCOUVER +1 604 647 6463 NORWICH +44 1603 501 501 www.micon-international.com
Micon International Limited has provided Micon though its worldwide practice has also
consulting services to the world’s mining industry developed competence in the field of auditing and
since 1988, weathering the ups and downs that modelling mineral resource estimations across a
characterize the industry over the last 30 years. broad spectrum of minerals within a variety of
While the mineral industry still faces its historical genetic models, deposit types and reporting
issues of fluctuating metal prices, health and safety guidelines.
challenges, logistics, governmental regulations etc.,
the challenges facing the mineral industry today are
increasingly complex including social licence,
environmental management and reclamation, water
management, mitigating and managing the effects of
climate change on operations, as well as the demand
for increasingly sophisticated resource modelling
and grade estimation techniques, production
schedule optimization, and remotely controlled or
autonomous equipment. The roles of consultants
have changed accordingly, with an increasing range
of disciplines interacting along the way to bring a
project from the green field stage into operation. The Mineral Resource and Reserve Estimation
focus of exploration also evolved during this time, Mineral resources and reserves are the foundation of
from those minerals that built and powered the 20th all mineral and mining projects. Micon geologists
century to those needed in our increasingly complex and engineers are experienced in estimating
world of the 21st, in which the generation and storage resources from exploration data and conducting the
of renewable and low-carbon energy will sustain economic evaluation of such resources to determine
humanity into the future. reserves, as well as providing independent
assessment or audit of resources/reserve estimates
Micon comprises highly qualified and experienced prepared by others, for base, precious and ferrous
professionals who are guided by the Company metal deposits and for industrial and energy
principles of Integrity, Competence and minerals, and is fully conversant with the reporting
Independence. Each member has extensive codes used internationally (CIM Definitions, JORC
experience with mineral exploration and mining Code, and others). Micon utilises Leapfrog, CAE
companies and leading consultant groups. Micon Studio 3™ (Datamine) and GEOVIA Surpac™
applies the skills of its staff and associate software for geological modelling and mineral
consultants to suit the specific requirements of the resource estimation for both open pit and
assignment in order to provide the highest level of underground projects.
service, value and quality.
Micon’s clients include mining and mineral
exploration companies, financial institutions and
government agencies from around the world.
Assignments have been carried out in almost every
country of the world for such commodities as
precious and base metals, industrial minerals,
diamonds and the energy fuels. A particular
expertise has been developed in the economic
evaluation of mining properties, including studies in
support of debt and equity financing. Micon’s
professional staff have the experience, education
and professional credentials to act as Qualified
Persons and/or Competent Persons, as required by Micon services include:
world-wide regulatory agencies. • Data collection and evaluation
Projects are implemented through combined skills in • Quality Assurance/Quality Control auditing
interpretive and economic geology, mine design, • Geological modelling and wireframes
mineral economics, mine and processing plant • Statistical analysis
operation, environmental science and project • Block model construction
management. Emphasis is placed on the ability to • Grade estimation and validation
deal effectively with raw technical and economic • Resource classification
data and the firm has particular competence in the • Reconciliation study
field of financial analysis and evaluation of mineral • Mine optimisation and design
properties. • Production scheduling, etc.
1
MICON INTERNATIONAL CAPABILITY STATEMENT
Mineral (Ore) Reserve & Mine Planning Environmental and Social Management
Micon has extensive capacity to prepare and develop Micon assists with environmental and social
detailed mine plans (open pit and underground) services, reclamation planning, environmental
using Datamine NPV Scheduler® and Maptek systems for mining properties and environmental
Vulcan for both existing and potential mining due diligence assessment on behalf of mining
operations. Micon’s engineers bring a wide range of companies and financial institutions.
practical experience to mine planning, ensuring that
Assessment of the environmental and social aspects
our clients not only have a well-designed mine plan,
of mining projects includes review of conformance
but also an operationally robust design that takes
with Equator Principles, International Finance
real-world problems into account.
Corporation (IFC) Performance Standards on Social
The growing volatility and uncertainty in global and Environmental Sustainability, applicable IFC
markets highlights the need to focus now, more than Environmental, Health, and Safety Guidelines, and
ever, on new technologies that can add significant review of conformance with applicable regulations
value to mine plans and evaluations. within the host country, as required.
Valuation of Mineral Properties
Micon’s valuation procedure is based on its
knowledge of the key technical and economic
factors which influence the profitability of mining
operations, including estimation of capital and
operating costs and projection of cash flow. Micon
have valued mineral properties and mining
companies on all continents involving commodities
from asbestos to zinc.
Metallurgical Studies and Process Design
With the current climate of falling commodity prices
and ever-increasing costs, now is the perfect time to
review processing operations with a fresh set of eyes
and identify potential areas where either recovery
can be increased and/or costs reduced.
Micon’s processing staff come from a lifetime of
operations worldwide at senior management levels Litigation Support
and in a variety of commodities, including gold,
precious and base metals with precious metals a Micon has particular experience in providing expert
advice in legal cases that have involved metals,
particular speciality. Even minor reductions in costs
or increased recovery can make a big difference to industrial minerals, coal, and uranium. Services
provided include Technical Litigation Assistance,
the bottom line and pay many times over for the cost
Economic and Market Analysis, Advice on Industry
of the audit.
Practice, and Expert Witness, etc.
Micon services include:
NI 43-101 and Competent Person Technical
• Metallurgical Test Design and Interpretation Reports
• Process and Flowsheet Design Micon is very familiar with the reporting
• Milling requirements pertaining to issuers under the terms of
Canadian National Instrument 43-101, and meeting
• Flotation
Securities requirements, as well as the United States
• Solvent Extraction - Electrowinning (Securities and Exchange Commission), and
• Gravity Extraction Australia and Europe (Competent Person reports).
• Carbon-in-Leach and Carbon-in-Pulp Micon provided technical advice to the Mining
Standards Task Force set up by the Toronto Stock
• In-situ Extraction Exchange and the Ontario Securities Commission
• Pressure Oxidation, etc. and whose deliberations resulted in the enactment of
National Instrument 43-101.
2
MICON INTERNATIONAL CAPABILITY STATEMENT
Subjects for benchmarking include:
• Drilling
• Blasting
• Loading
• Hauling
• Equipment Maintenance
• Mine Services
• Crushing and grinding
• Flotation
• Extraction (Solvent, Gravity, CIL/P, etc.)
If you have an open pit or underground mine
operations need, Micon has solutions for you.
Due Diligence
Micon provides due diligence services for mine
project financing, mergers, and/or acquisitions.
Economic analysis and/or valuation of mineral
properties and/or mining companies are needed for
the independent determination of fair market value
and in all levels of feasibility study.
Micon provides a full range of expertise to review
mining projects including geologists, mine
engineers, metallurgists, mineral economic
specialists, and environmental and social scientists.
Micon's associates include specialists in various
disciplines depending on the complexities of the
infrastructure of the project.
Comparative Benchmarking & Profit Project Management and Feasibility
Improvement Micon undertakes the preparation and management
The objective of a Mine Benchmarking Study is to of project feasibility studies, from early-stage
compare the cost components and productivity rates scoping studies and preliminary assessments to full
of mining activities, against those at other mining feasibility studies. Management services are also
operations so that ways to improve productivity and provided to companies preparing in-house studies
reduce costs can be identified. for underground and open pit mines and for precious
and base metals, coal, uranium, and industrial
Micon provides comparative benchmarking for minerals.
mining operations and processing facilities based on
analysis of detailed production cost parameters. Micon completes economic assessments including
Technical audits of operations and analysis for profit sensitivity analyses to metal prices, capital and
improvement are provided in respect of both mining operating costs. Micon works with clients during the
and processing operations. feasibility to identify areas that can be optimised.
Technical Support for Bank and Equity
Financing
Micon provides Independent Engineer and due
diligence services on behalf of banks and funding
institutions. This includes review of credit
agreements and completion test criteria, and
monitoring of project construction and
development.
Micon has particular experience in the independent
review of feasibility studies, and the subsequent
monitoring of construction and operations, on behalf
of banks and other institutions which provide loan
funds to finance mineral development.
3
TORONTO, CANADA NORWICH, UNITED KINGDOM
NIGEL FUNG, B. Sc.H., B.Eng., P.Eng. STANLEY C. BARTLETT, M.Sc., P.Geo.
Vice President of Mining Vice President & Senior Economic Geologist
RICHARD M. GOWANS, P.Eng. ROBIN BERNAU, Ph.D., M.Geol., MAusIMM(CP)
President & Principal Metallurgist Senior Geologist
B. TERRY HENNESSEY, P.Geo. E.S. (LIZ) DE KLERK, M.Sc., Pr.Sci.Nat., SAIMM
Vice President & Senior Economic Geologist Senior Geologist & Director
SAMER HMOUD, M.Sc., MAusIMM DERICK DE WIT, MBA, Pr Tech Eng (Chem Eng),
Geostatistician AusIMM(CP), SAIMM
Principal Process Engineer
TANIA ILIEVA, Ph.D., P.Geo.
Senior Geologist BEATRICE FORET, M.Sc., MAusIMM(CP)
Mineral Resource Geologist
CHRISTOPHER JACOBS, CEng, MIMMM, MBA
Vice President & Mining Economist SANDRA J. STARK, B.Sc., FGS
Geologist/Project Assistant
WILLIAM J. LEWIS, P.Geo.
Senior Geologist & Director
RUSSIA REPRESENTATIVES
CHARLEY MURAHWI, M.Sc., P.Geo., FAusIMM
Senior Geologist MICHAEL KHOUDINE, M.Sc.
Senior Mining Engineer
Ing., ALAN J. SAN MARTIN, MAusIMM(CP)
Mineral Resource Specialist EVGENY KONDRATIEV, M.Sc., MAusIMM (CP)
Senior Exploration Geologist
VANCOUVER, CANADA
BARNARD FOO, P.Eng.
Senior Mining Engineer
www.micon-international.com
TORONTO HEAD OFFICE VANCOUVER OFFICE NORWICH OFFICE, UK RUSSIA REPRESENTATIVES
900 – 390 Bay Street 205 – 700 West Pender Street Suite 10, Keswick Hall, Keswick [email protected]
Toronto, Ontario Vancouver, British Columbia Norwich, Norfolk [email protected]
Canada M5H 2Y2 Canada V6C 1G8 United Kingdom NR4 6TJ
Telephone: +1 416 362 5135 Telephone: +1 604 647 6463 Telephone: +44 1603 501 501
[email protected] [email protected] [email protected]
