The key to the successful debt funding of a new mining project, whether in economically established or developing
nations, is the submission of a comprehensive feasibility study. The feasibility study forms the basis from which the resource banker can construct financial models which govern the
amount of available funds, the conditions which control the supply of such funds and the time period over which the loan
may be repaid. The bank will wish to ensure that the feasibility study is the best representation and confirmation of reality possible
because this model is the basis of the loan security package. Thus the study will be vigorously interrogated by
independent experts in all its elements including the ore reserve, mineability, metallurgy, operating and capital cost
profile, environmental factors and management.