Micon is experienced in the preparation of Technical Reports in accordance with Canadian National Instrument 43-101 and Competent Person’s Reports. Clients seek our opinion on projects at all stages of development from exploration, resource estimation and feasibility studies, through financing and construction, and into production. Micon’s skills and experience are also in demand for technical due diligence during mergers and acquisitions, as independent engineers, and for specialist assignments in property valuation and litigation support.
Property of Merit Reports
Appraisals of mineral exploration potential and of exploration programs proposed for the development of mineral properties are made by suitably experienced Qualified Persons.
Project Feasibility Studies
Micon provides preliminary economic assessment (PEA), prefeasibility and feasibility studies. Studies may be provided in conjunction with the owner’s in-house team with or without overall project management services.
Independent Engineer/Technical Consultant
Micon provides Independent Engineer and due diligence services on behalf of banks and funding institutions comprising review of project feasibility and environmental and social impact assessments, credit agreements, completion test criteria and liaison with lenders’ insurance consultants.
Project management services are provided for exploration programs, feasibility and environmental studies. Micon staff can also assist clients with the establishment of industry best practices in exploration management, including procedures for sampling, assaying, standards, QA/QC, database structure and data handling and processing.
Mineral Resource Estimates
Micon is fully conversant with the mineral resource and reserve reporting codes used internationally – CIM Definition Standards, JORC Code, SEC, SAMREC and Russian systems.
Due Diligence Review
Due diligence reviews are undertaken in support of merger and acquisition and in support of investment.
Litigation support and expert witness services are provided in cases involving base and precious metals, potash, uranium, coal, and industrial mineral properties, land and shareholder disputes, and fiduciary duty.
Mining and processing operational audits are an effective means of improving operational efficiencies and controlling costs.
A small selection of case studies is presented to illustrate examples from Micon’s recent experience of its approach to meeting clients’ evolving needs. Assignments involving the review of Mineral Resource and Reserve statements, the preparation of technical studies and presentation of the results in Competent Person’s or NI 43-101 reports are included here.
Not included here are assignments undertaken on a confidential basis, including due diligence reviews for investors (debt, equity, royalty holders, and/or streaming) and assignments in litigation support. Please contact Micon directly to discuss your requirements in any of these areas.
Alrosa Case Study
In 2013 Micon completed an independent review and valuation of the ALROSA Group of Companies’ principal diamond assets in Russia. This included visits to the majority of the ALROSA operations, an audit of the ALROSA reserve statements and preparation of mineral resource and reserve statements classified according to the definitions of the JORC Code for each of the mining divisions.
Dalradian Resources Inc.
In 2014, Micon updated the results of the 2012 PEA to take into account a new resource estimate and revised metal prices and cost estimates. The positive results of this study continue to support further development of the Curraghinalt project.
Timmins Gold Corporation
Since 2009, Timmins Gold has engaged Micon to conduct further reviews and audits on the San Francisco Project, as well as a number of other assignments. A number of these reports have been filed with the appropriate regulatory bodies by Timmins Gold and a number of these have remained as internal reports for the exclusive use of Timmins Gold. Micon continues to assist and advise Timmins on an as needed basis.