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Scoping Study Confirms Strong Commercial Opportunity - InfoMine

Scoping Study Confirms Strong Commercial Opportunity - InfoMine 2025

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The ASX announcement from GBM Resources Limited details the positive outcomes of a scoping study for the Milo IOCG-REE project, confirming its strong commercial viability. The study indicates a potential net cash flow of $701 million over an 11-year mine life, with significant exploration upside and the capability to produce multiple valuable mineral products including rare earth oxides, copper concentrate, phosphate, and uranium. The inferred resource includes 176 Mt of rare earth elements and 88 Mt of copper, highlighting the project's economic potential and justifying further investment towards a pre-feasibility study.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is scoping study in mining?

Scoping is an activity undertaken by a mining company to scope out environmental and social matters of significance and determine the level of study required to understand the existing natural and social environment and deliver the project specific framework for an effective environmental and social impact assessment

What is a scoping study?

This is the most commonly used framework for scoping reviews,41 and involves stages of (1) identifying the RQ, (2) identifying relevant studies, (3) selecting study, (4) charting the data, (5) collating, summarising and reporting and (6) consultation.

What are the 5 stages of a scoping review?

Top 10 highest-paying jobs in mining Project director / Mine manager. Drilling operations manager. Metallurgist. Mining engineer. Health and safety manager. Exploration geologist. Heavy equipment operator (Specialised) Blasting technician.

What is the difference between scoping study and pre feasibility study?

Prefeasibility studies are intended to determine whether a mineral resource is likely to support a viable mining project. Prefeasibility studies are more detailed than scoping studies and are the key intermediate step in the assessment of a mining project.

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