Bankable Feasibility Study definition

Bankable Feasibility Study shall be defined as a study prepared by a recognized firm of mining engineering consultants which contains a detailed examination of the feasibility of bringing a deposit of minerals on a given property into commercial production by the establishment of a mine, reviews all outstanding issues, contains the statement of the ore reserves, reviews the nature and scale of any proposed operation, contains an estimate of the construction costs and production costs and is in the form of a bankable document (meaning a document appropriate for presentation to a bank or other financial institutions from which a party might wish to secure financing).

Bankable Feasibility Study means a detailed study of the Property in which all geological, engineering, operating, economic and other relevant factors are analyzed in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the Property for mineral production;

Bankable Feasibility Study means a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the deposit for mineral production.

Examples of Bankable Feasibility Study in a sentence

• Sheffield’s Bankable Feasibility Study shows Thunderbird is a technically low risk, modest capex project that generates strong cash margins from globally significant levels of production over an exceptionally long mine life of 42 years.

• Pursuant to the Underlying Agreement, Steven Scott is also entitled to the additional milestone bonuses of: 1)$25,000 in cash or securities upon a Bankable Feasibility Study; and 2) $50,000 in cash or securities upon Commercial Production.

• If, after May 10, 2011, the Company completes a Bankable Feasibility Study on either the Heap Leachable Copper Resources or the Sulphide Copper Resources, or a combination of both, the Company shall pay the balance of any amounts owing within six months from the date of completion of the Bankable Feasibility Study.

• These milestones include various technical, environmental, socio-economic and legal objectives, including obtaining the necessary permits; completion and publishing of a Bankable Feasibility Study (“BFS”); and preparation of engineering designs.

• Once the Bankable Feasibility Study commences a monthly retainer of ZAR150,000 until then a monthly retainer of ZAR75,000 will be paid;2.

More Definitions of Bankable Feasibility Study

Bankable Feasibility Study means the study, prepared to industry standards, based upon which a bank or other lending institution may loan the Corporation or MASA funds for production development on the Claims;

Bankable Feasibility Study means a detailed report that recommends the development of a mine and includes at least the following information:

Bankable Feasibility Study a comprehensive document or documents that addresses all matters which are customarily required for an effective assessment of the viability of the development and Mining of the JV Area, in such form and detail as are required for the purposes of determining whether to finance the development of a commercial Mining operation within the JV Area, including but not limited to chapters on the following : ownership, location, geology and ore reserves, metallurgy, Mining, materials handling, processing, ancillary facilities and site services, infrastructure for and 1256/AAP/KJW 26/04/2004 availability of labour, energy supply, environmental impact studies and rehabilitation obligations, capital costs, costs to be incurred to sustain production including initial working capital, the time and critical path to place the Mine into production and financing requirements throughout the construction phase, financial analysis (including price sensitivity analysis) assumptions as to mineral prices and utilisation of a discount rate consistent with financing costs at the time as well as project and country risks;

Bankable Feasibility Study means a detailed report in compliance with Canadian National Instrument 43-101, in form and substance sufficient for presentation to arm’s length institutional lenders considering project financing, showing the feasibility of placing any part of the Beskauga Property into commercial production as a mine and shall include a reasonable assessment of the various categories of mineral reserves and their amenability to metallurgical treatment, a complete description of the work, equipment and supplies required to bring such part of the Beskauga Property into commercial production and the estimated cost thereof, a description of the mining methods to be employed and a financial appraisal of the proposed operations;

Bankable Feasibility Study means a positive Feasibility Study for which project financing can be made available from a financial position;

Bankable Feasibility Study means a positive study to determine the commercial feasibility of placing a Significant Orebody into commercial production in a form and content suitable for presentation to major banks and financial institutions which includes, but is not limited to;

Bankable Feasibility Study means the Mount Hope Project Molybdenum Mine and Process Plant Bankable Feasibility Study, dated August 29, 2007, numbered M3-PN06236 and prepared by M3 Engineering & Technology Corp. for Idaho General under Canadian Standard NI 43-101 format, consisting of a Volume I, a copy of which is attached as Exhibit G, and a Volume II, a copy of which has been provided to each Member and is incorporated herein by reference.