How do development, production, grade, recovery, and commodity-price assumptions shape the mine plan?
Model profile
Nickel Mining
Open-pit nickel laterite through high-pressure acid leach to a mixed hydroxide product: a reserve-constrained mine plan, payable-nickel offtake economics, a cobalt co-product credit, nickel industry unit costs, an explicit HPAL ramp-risk schedule, project finance with cover ratios, IFRS three statements, residue and rehabilitation provisioning, a partnership waterfall, and a downstream refinery decision tree.
Decision scope
Questions this model helps you examine
What capital, operating cost, closure provision, and financing structure are required?
How do price, grade, recovery, cost, and schedule downside cases affect investment returns?
Model capabilities
What this model includes
The profile below is generated from the same catalogue and workspace definitions used by the application.
- Reserve-constrained mine plan with autoclave availability, a declining strip ratio, and a modelled HPAL ramp
- Grade and recovery to MHP drive payable nickel, so revenue can never exceed the orebody
- MHP payability modelled explicitly, because the discount to LME is what an intermediate offtake turns on
- Cobalt co-product with its own grade, recovery, payability and price, credited against cost
- C1 cash cost net of by-product, all-in sustaining cost, all-in cost, and the margin per tonne of nickel
- Ramp-risk schedule pricing five commissioning profiles, because no HPAL plant has ever ramped to plan
- Construction funding solved month by month across grant, debt and equity, with borrowing costs capitalised
- Project finance: sculpted, annuity or equal-instalment repayment, DSRA, DSCR, LLCR, PLCR and reserve tail
- IFRS three statements with units-of-production depletion, IFRIC 20 stripping, IAS 37 rehabilitation and deferred tax
- Nickel price deck spanning the levels the Indonesian build-out has actually held the LME at
- Tiered limited and general partner distribution waterfall with preferred return and promote
- Named scenarios, goal seek, credit stress thresholds, tornado, VaR/CVaR, correlated Monte Carlo, and a downstream refinery decision tree
Build the case
Inputs and workspaces
- AssumptionsMine plan, metallurgy, payability, cobalt, cost stack, closure, tax, and cost of capital
- Development budgetLand, hard and soft cost lines with spend curves and depreciation basis
- FinancingSenior facility terms, funding cascade, and the partnership
- AnalyticsNickel price deck, named scenarios, goal seek, correlated Monte Carlo, and the refinery decision tree
Review the result
Outputs and analysis
- Project NPVUSD, at WACC
- Project IRRUnlevered, after tax
- Equity IRRLevered
- Limited partner IRRAfter the waterfall
- General partner IRRAfter promote
- Equity multipleMultiple on invested equity
- EBITDA marginFinal producing year
- Minimum DSCRLowest year
- 19 additional metrics in the workspace
- Financial statementsDetailed schedules
- Mine plan, financing & valuationDetailed schedules
- Risk & analyticsDetailed schedules
Designed for review
Who this model is for
- Mine owners and project sponsors
- Technical and operating teams
- Financial advisers
- Investors and lenders
Governed evidence
The review trail stays with the result.
Each completed calculation preserves the model version, saved inputs, reporting-currency snapshot, immutable run, and result fingerprint used for its reports.
- Version-controlled calculation logic
- Saved assumptions and scenarios
- Immutable calculation runs
- Reporting context preserved in exports
Ready to explore the case?