Case Study
Barrytown Minerals Project
A funding-grade life-of-mine financial modelling framework, converting a defined mineral sands resource into an investment-ready funding case.
PROJECT OVERVIEW
The Challenge
- Translate a defined mineral resource into an investment-grade funding case.
- Manage multi-product revenue complexity across mineral sands streams.
- Optimise staged production ramp-up and capital deployment.
- Provide transparent risk visibility under price volatility.
- Deliver audit-ready architecture for independent review.
Our Engagement
- Design and build a fully integrated life-of-mine financial model.
- Align geology, mining schedule, processing recoveries and product streams.
- Develop a real-price commodity valuation framework.
- Model staged expansion and phased capital deployment.
- Embed scenario and sensitivity analytics for investor testing.
Our Approach
- Built end-to-end geology-to-cashflow architecture with mass-balance controls.
- Developed product-level revenue separation and oxide-grade valuation logic.
- Structured phased capital sequencing to optimise early cashflow.
- Delivered IRR, NPV and payback analytics on a real-price basis.
- Implemented locked, audit-traceable model with controlled scenario capability.
COMMERCIAL IMPACT
Commercial Value Delivered
- Enhanced capital efficiency through staged development strategy.
- Quantified commodity price sensitivity thresholds and downside resilience.
- Improved equity return profile via production sequencing optimisation.
- Strengthened funding narrative through transparent, risk-adjusted return analysis.
Results
Delivered Outcome
- Adopted as the project's formal funding model.
- Independently reviewed by a Big Four advisory firm.
- Established an investment-grade commercial framework for capital discussions.
