A massive porphyry style deposit located at high altitude in West Papua. Average grade of the deposit is 0.5 g/t Au and 0.8% Cu. The deposit has a UCS of 200MPa and is highly fractured; country rock is similar in nature. The deposit has a large foot print area 500m by 500m and is located from 300m to 900m from ground surface. Assume ore recovery of 95% and dilution 10% during production operation. Please do the followings in not more than three A4 pages (provide citation and references):

2. Based on the most probable optimized mining method determined in Assignment 1 and the feedback from the lecturer, do market investigation of commodity prices and mining cost .
4. Compute the ore reserve and total profit of the project .
6. Estimate the Life of Mine and
8. Assuming the deposit is a green field, briefly outline a short-, medium- and long-term plan of the project (including mine development, mining operation and mine closure) .

Answer rating: 100% (QA)

1 Market Investigation of Commodity Prices and Mining Cost Conduct a market investigation to gather current data on gold Au and copper Cu prices Consi... View the full answer