Operational readiness assurance

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Projects often advance with varying levels of reserve confidence, evolving mining strategies, developing engineering inputs and cost assumptions that are refined under operational conditions. TacminMadini’s Operational Readiness and Valuation Governance Assurance applies independent governance assurance to ensure long-term value, technical defensibility and financially defensible positions remain aligned prior to execution. Governance assurance is applied across LOM studies, owner-versus-contractor evaluations, outsourced engineering, zero-profit margin benchmarking, and Independent Engineer’s Reports, providing clarity, evidence and risk visibility for transition from planning to execution.

Why it matters	Long-term decisions are only as strong as the reserve base that supports them. Misclassified, outdated or unverified reserves distort mine plans, undermine project economics and weaken credibility with investors, lenders and regulators.
Our focus	Governance assurance is applied to Life-of-Mine studies supported by compliant reserve declarations aligned with JORC, NI 43-101 and SAMREC. Geological confidence, modifying factors, mine planning, scheduling and project economics are assessed to ensure assumptions are realistic, transparent and defensible. Each LOM study is aligned to expected operational performance for decision-making.
Outcome	A defensible foundation for funding decisions, long-term strategy and sustained value, ensuring future plans are built on reserves that withstand scrutiny.

Operational readiness assurance

Bridging the gap between planning clarity and executable performance

OUR FOCUS AREAS

LOM studies with reserve declarations

Owner vs Contract miner trade-off

Zero-profit margin bids

Technical due diligence (IER)

Let’s talk about decision assurance

Why it matters	Mining models are often inherited rather than chosen. Legacy assumptions about owner mining or contract mining can quietly inflate costs, constrain flexibility or dilute operational control over the life of mine. Once embedded, these decisions are difficult and expensive to reverse.
Our focus	Governance assurance is applied to owner-versus-contract-miner trade-off assessments, evaluating total cost, productivity, risk allocation, capital exposure, operational control and long-term strategic fit. Financial models and operational assumptions are assessed to confirm expected performance under operating conditions. Where transitions are considered, pilot approaches are assessed under operating conditions prior to full commitment.
Outcome	Clear, defensible direction on the mining model that supports cost efficiency, performance and strategic objectives, enabling decisions that protect value across the life of mine.

Why it matters	Tender decisions weaken when pricing is assessed only against contractor submissions. Inflated rates, embedded margins and unrealistic assumptions can pass unchecked, setting projects up for cost overruns and commercial tension during execution.
Our focus	Governance assurance is applied to establish first-principles cost positions for contract mining scopes. Cost components, assumptions and risk allowances are assessed to establish robust benchmarks. These positions are used to assess tendered rates, identify hidden exposure and challenge assumptions prior to award.
Outcome	Defensible contractor selection and commercial positions, delivering improved cost control, reduced exposure and confidence that awarded rates reflect expected delivery conditions.

Why it matters	Capital commitments made without full visibility carry hidden risk. Geological uncertainty, operational constraints, environmental exposure or legal non-compliance often remain obscured when reliance is placed solely on presented information rather than independent verification.
Our focus	Governance assurance is applied across technical due diligence covering geology, mining, infrastructure, environmental and legal domains. Independent Engineer’s Reports are aligned to recognised global reporting standards, with governance assurance ensuring scope integrity, assumption validity and risk transparency. Findings are structured for lenders, boards, investors and M&A teams.
Outcome	Clear, defensible insight that supports financing, acquisition and strategic decisions, reducing uncertainty, protecting capital and giving stakeholders confidence that risks are understood before commitments are made.