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A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.
A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. There are three types of feasibility study used in mining, order of magnitude , preliminary feasibility and detailed feasibility.
Maukahuka Pest Free Auckland Island - Technical feasibility study report: Author: Department of Conservation: Software used: Adobe InDesign 16.1 (Macintosh) Conversion program: Adobe PDF Library 15.0: Encrypted: no: Page size: 595.276 x 841.89 pts (A4) Version of PDF format: 1.7
Further evaluation is planned for the 2025 feasibility resource drilling program. Areas of inferred mineralization, based on shallow historic or widely-spaced drilling at Rangefront and CD Pit show the potential for conversion of the extensive inferred resource into indicated for inclusion in a resource update, expected in the second half of 2025.
This type of report examines either a stated need or a selection of choices, or in some cases both. The report is a collection of analysis and evaluation of the situation, and generally will examine the strengths and weaknesses, opportunities and threats in the situation, take them into account, and be combined with the feasibility report in order to give a recommendation.
A pilot study is used to formulate the design of the full-scale experiment which then can be adjusted. [1] [2] The pilot study is potentially a critical insight to clinical trial design, recruitment and sample size of participants, treatment testing, and statistical analysis to improve the power of testing the hypothesis of the study. [2]
Phase III investigations may involve intensive testing, sampling, and monitoring, "fate and transport" studies and other modeling, and the design of feasibility studies for remediation and remedial plans. This study normally involves assessment of alternative cleanup methods, costs and logistics.
In May 2015 Cominco Resources in-conjunction with their lead engineer Ausenco completed the Definitive Feasibility Study for the Hinda Phosphate mine site, beneficiation plant and port. The DFS estimates the Net Present Value of the project at $1.87Billion with a IRR of 38% based on mine schedule delivering 4.1 mt/pa of phosphate rock concentrate.