IPS was engaged by New Millenium Resources N.L. to assist with planning and funding studies for their Niobium project located in Greenland. We undertook a Stage I Feasibility Study incorporating a review of all project elements.
This included:-
- project status and overview,
- geology and ore reserves (measured and inferred resource),
- mining philosophy and preliminary mine plan,
- preliminary process configuration and options,
- infrastructure and logistics requirements, project construction/site erection options (eg. modularisation),
- marketing issues, environmental impact statement,
- capital and operating cost estimates,
- status of approvals processes and agreements,
- development and management plan, use of funds strategy,
- critical project risks and the development of a preliminary financial model and sensitivity analysis.
In addition, IPS was engaged for planning the scope and funding requirements for a Bankable Feasibility Study and the requirements for a future AIM (London) listing and the planning, scope definitions and costings for the site (Northern) summer 2001 drilling and geology programme.
The IPS scope of work included:-
| Project Facts | |
| Location | 80 kilometres South West of Kangerlussuaq, Greenland |
| Client |
New Millennium Resources N.L.
|
| IPS Role | Client Representative, Project & Study Management |
- Stage I Feasibility Study Completed (July 2000)
- Evaluation of Project Sites
- Project & Study Management
- Project Cost Estimating
- Site baseline Environment & Archeology field work (2000)
- Planning & Scheduling
- Bankable Feasibility Study
- Site (Northern) Summer 2001 Drilling Programme
- AIM (London) listing requirements
- Marketing Plan & Off-take Agreement
- Liaison with Greenland & Danish Governments & Statutory Organisations