Project Ridge-30
This is an invented example. It is not a real project and not an offer.
Summary
An invented example of a project that has moved into production. Reserves support a mine plan and the plant is in ramp-up.
The owner is exploring a royalty sale. This listing is illustrative and does not describe a real project.
- Small open-pit operation in ramp-up
- Ore reserve under JORC
- Processing plant on site
- Existing royalty holders disclosed
Stage classification
Stage 6: Development and production, operating mine in ramp-up
In short: A built open-pit mine with a processing plant on site, now ramping up. This is the final stage: value now follows production, costs and the metal price.
What puts it at this stage
- A small open-pit operation with a processing plant on site
- An ore reserve under JORC supporting the mine plan
- A mining lease valid to 2038
What is still to be proven
- Ramp-up is not complete: steady output at design rates is still to be shown
- Production history is short, so costs and recoveries are not yet proven against the plan
What would strengthen it
- Reaching design throughput and steady commercial production
- Exploration around the mine to extend the reserve life
What could go wrong
- Ramp-up problems, cost inflation or lower gold and silver prices
- Existing royalties already take a share of revenue: check them before adding another
Read about stage 6 or see the full stage guide.
- Stage 1: GrassrootsMapping and surface sampling, up to the first drill holes.Prospectors, junior explorers
- Stage 2: Discovery drillingDrilling has intersected mineralization; no resource estimate yet.Junior explorers
- Stage 3: Maiden resourceFrom the first resource estimate up to a published PEA.Few natural funders (the gap)
- Stage 4: Resource upgradeFrom the PEA to the PFS: infill drilling upgrades Inferred to Indicated.Few natural funders (the gap)
- Stage 5: Pre-developmentFrom the PFS to the build decision: Measured drilling, the feasibility study, permits and financing.Mid-tier miners, strategic partners
- Stage 6: Development and productionFrom the build decision through construction and ramp-up to an operating mine.Majors, banks, streaming and royalty companiesPlatform focus
Location and access
Western Australia, Australia
The shaded circle is deliberately imprecise. Exact locations and licence numbers are not published.
The full listing is for registered investors
Create a free account and sign this project's NDA to see the rest of the listing and its data room.
- Screening: ownership, title and encumbrances
- Geology, drilling and resources
- Engineering, studies and reserves
- Permitting
- Deal terms and use of funds
- Verification
Lode Exchange publishes educational material only. Nothing on this site is an offer, solicitation or investment advice. Mineral exploration is high risk and most projects fail; investors could lose all of their capital. Project listings are teasers, not offers, and examples and figures marked illustrative do not describe real projects.
Deal terms on this page are indicative, provided by the owner, and not an offer. Any deal is subject to due diligence and final documentation. The deal calculator uses the reader's own assumptions; its results are illustrations, not valuations by Lode Exchange. Registering interest is not an application to invest.