A resource figure without its assumptions is a rumour. Our reports carry the sampling method, the QA/QC results, the estimation parameters and the limitations, so a reader who disagrees with us can see exactly where they disagree.
That makes the reports longer and occasionally less flattering. It also makes them usable in front of a lender, a partner or a regulator, which is the only reason to commission one.
We also take second opinions on work someone else has done. Those are quoted as a fixed fee and delivered whether or not the conclusion suits the person who commissioned them.

Every engagement produces documents, not a conversation. The list below is what leaves our office at the end of a standard evaluation.
Typical elapsed time for a licence-scale evaluation is six to ten weeks, most of it in the laboratory rather than the field.
Existing data, cadastre, imagery and regional geology. Occasionally this stage alone answers the question and the programme stops.
Mapping, costeaning and sampling to a designed density, with QA/QC inserted at the point of sampling rather than afterwards.
Sample preparation and assay at an independent laboratory. We do not run our own assays for our own reports.
Estimation, interpretation and the written report, issued as a signed document with the underlying data appended.
Stated here so that the first conversation can be about the work rather than about how we charge for it.
| Item | Detail |
|---|---|
| Typical duration | Six to ten weeks for a licence-scale evaluation |
| Basis | Fixed fee against a written scope; laboratory costs at cost, shown separately |
| Laboratory | Independent, accredited, named in the report |
| Data returned | All raw data, in the original format, whatever the conclusion |
| Confidentiality | Non-disclosure signed before the desk study begins |
| Second opinions | Fixed fee, two to three weeks, delivered as written |
Yes, and we have. The fee is for the work, not for a conclusion. A report that only ever agrees with its client has no value to the bank the client wants to show it to.
No. Assays for our reports go to an independent accredited laboratory, named in the report, precisely so that the number is not ours to influence.
That is a common instruction. We will state clearly where we agree, where we do not, and which parts of the original work we could not verify from the data provided.
You do, including the raw assay files. It is returned at the end of the engagement regardless of the outcome or the state of the invoice.
Send the licence and whatever data already exists. We will scope the programme, price it as a fixed fee, and tell you what the existing data can and cannot support before you spend anything.