Geo-Mining Assessments of Chhattisgarh Gold Block for the purpose of Bidding under Critical Mineral Auction

The comprehensive evaluation of technical and commercial parameters for the Mendarbahar-Bhagora Gold Block in Chhattisgarh, focused on identification of future gold and associated mineral potential of the block and maximizing investment returns. Detailed geo-mining assessments were conducted to ensure optimal extraction and sustainable mining practices. This assessment, crucial for bidding, provided a clear insight into the potential and profitability of the gold block in Chhattisgarh.

Assessing Ground Conditions for Gold Bidding

Bidding for gold blocks in India involves thorough geo-mining assessments through field visits to evaluate ground conditions. This process guides to validate the geological characteristics and nature of mineralization reported in previous studies. A comprehensive geological assessment, resource model, and reserve evaluation are conducted to ensure accurate, reliable data for the bidding process.

Major Milestones of the Project

Bidding for a gold or any such critical and strategic mineral block in India incorporates significant assessments for target mineral potential, exploration plan and budget, conceptual level mineability, extraction of metal concentrate and financial viability of the prospect. . Assumptions on parametric mining equipment and necessary processing or extraction facilities ensure operational efficiency. Tender payments are tied to major milestones, ensuring project progress aligns with financial goals.

Financial Insights for Gold Block Bidding

This project in India requires detailed geo-mining assessments to determine its viability. The financial evaluation, incorporating CAPEX, OPEX, NPV, IRR, and Discounted Cash Flow Statement, provides insight into profitability. Furthermore, a comprehensive project risk assessment ensures all potential risks are identified, minimizing uncertainties and optimizing returns.