Building the Financial Case for Bankable Iron Ore Development

This engagement focused on building a bankable feasibility study financial model to support external funding discussions, test operating options, and assess project viability under multiple scenarios. The client needed to submit a comprehensive Bankable Feasibility Study (BFS) to financial institutions for funding of their Greenfields project.

The BFS entailed a financial model that evaluated various options of operating philosophy, which influenced the. Key activities and outputs included Bankable Feasibility Study (BFS), Financial Modelling, Evaluate Options, Sensitivity Analysis, Monte Carlo Simulation, Contingency Estimate, Investment Funding, Revenue, OPEX, CAPEX, NPV, Cash Flow, and Taxation.

Technical activities were undertaken with specific consideration for the Iron Ore mining environment in Namibia. This ensured that the assessment reflected the conditions, constraints and project-specific factors relevant to the work.

The various elements of the assignment were brought together to ensure that the technical work remained consistent, focused and aligned with the project's objectives. Analysis and supporting activities were documented clearly so that the resulting findings could be readily understood and reviewed. This approach provided the client with practical information that could be used to evaluate the work completed, inform project decisions and support planning for the next stage.