Life of Mine Planning

birds eye view of a mine site

MEC Mining was engaged by ASX listed company operating an open cut mine in Scandinavia to undertake a full review of their deposit and to produce a Life of Mine (LOM). The goal was a plan that was to be both sustainable and achievable whilst maximising economical mining reserves and confidence. MEC produced a plan with the following strengths: 

  • Developed a solid Life of Mine Plan for the client and with much better understanding of risks in realising this plan. 
  • Supplied an understanding of the economic feasibility and ultimate pit limits of all pits across their tenement. 
  • Nameplate Production achieved consistently for the majority of the LOM plan and mine life increased to CY40 
  • Crusher move postponed significantly deferring US$16M in capital. 
  • LOM Plan achieved with the existing digger fleet, negating requirements for major CAPEX associated with fleet upgrades. 
  • The LOM Plan ore supply aligned with mining and mill/processing plant capacities