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Independence you can trust
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee, and its network of member
firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of
Deloitte Touche Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting and financial advisory services to public and private clients spanning multiple industries. With a globally
connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the
insights they need to address their most complex business challenges. Deloitte has in the region of 200 000 professionals, all committed to becoming
the standard of excellence.
© 2015 Deloitte & Touche. All rights reserved. Member of Deloitte Touche Tohmatsu Limited
Adding Value at Every Stage
www.venmyndeloitte.com
Tel: +27 11 517 4205
Private Bag X6, Gallo Manor, 2052, South Africa
Deloitte Place, The Woodlands, Building 33, 20 Woodlands Drive,
Woodmead, Sandton, South Africa
Venmyn Deloitte Service Offering
Independent techno-economic assurance services to the minerals sectors
Scan QR code with your mobile device for direct contact interaction
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Business Focus Areas
AuditServices
ExplorationServices
Information& TechnicalStatements
Country-levelStrategic
Documentation
Statutory &RegulatoryServices
ProjectPhase Studies
MiningServices
Mineral Asset
Valuations
GeologicalModelling
or Checking
DGWLE EO TN O A K DD DN A V AS LL ULI EK TS OE CG LA IER NEV TSEL
§ Mineral Asset Valuation Reviews
§ Capital gains Valuations
§ Fairness Opinions§ Commodity Valuation
Curves§ Purchase Price Allocations
§ Mining Optimisation
§ Life of Mine Reviews§ Mine Design &
Scheduling§ Mineral Reserve
Estimation & Reviews
§ Fair Value§ Impairment Testing§ Technical Reviews &
Cost Reviews§ Fatal Flaws Analysis§ Project Evaluations§ Stockpile Surveys &
Assessments§ Asset Retirement
Obligation & Review
§ Feasibility Studies§ Pre-Feasibility Studies
§ Scoping / Concept Studies§ Definitive Feasibility
Studies§ Life of Mine Reviews§ Preliminary Economic
Assessments
§ Exploration Protocols§ Exploration Planning
§ Exploration Project Reviews§ Drill Density Determination
(Borehole Density inVariance Terms)
§ Mineral Resource Estimation & Reviews
§ 3D Geological Modelling§ Sample Trail Audit Process§ Independent Resource
Declarations§ Stockpile Surveys and
Measurements
§ Investor Communication Documents§ Executive
Summaries§ Annual Reporting
§ Country Mineral Reviews§ Market & Commodity
Reviews§ Prospectivity Reviews
§ Independent Competent
Persons Report§ Technical & Economic
Due Diligences§ Independent Technical Reports (NI43-101)
§ Oil & Gas Reports (NI51-101)
Sustainability
§ IFC Performance Standard Assessments§ Equator Principles Assessments§ Environmental Due Diligence§ Environmental Liability
Reviews
Exploration notialuvat EjecPro
TECHNICAL / SCIENTIFIC SERVICES
§ Statistical Design of Exploration Programmes
§ Independent Sign-Offs§ Sample Trail Audits§ 3D Geological Modelling§ Mineral Resource Estimation§ Technical Trail Audit§ Technical Environmental, Health,
Safety and Community Statements
§ Structural Modelling§ NI 51-101 Oil and Gas Reports
REPORTING - Compliance with all Global Reporting Codes and Securities Commissions
§ Prospectivity Reviews§ Listing Documentation and
Readiness Appraisals§ On-Going Reporting§ Independent Sign-Off on Press
Releases§ Sarbannes-Oxley Compliance
Checks§ Investor Promotional
Documentation
§ Competent Persons’ Reports§ Techno-Economic Reports§ NI 43-101 Independent Technical
Reports§ Expert Reports
§ Full Technical Independent Reviews and Report Compilation
§ Annual Reporting§ Compliance Gap Analysis
STRATEGY
§ Strategic Portfolio Assessment§ Market and Commodity
Reviews
FINANCIAL SERVICES - Independent Financial Reporting in Compliance with all International Reporting Codes
(SAMVAL, VALMIN, CIMVAL)
§ Mineral Asset Valuation§ Commodity Valuation Curves§ Corporate Finance§ Deal Structure Assessment§ Fair and Reasonable Statements§ Fairness Opinions§ Oil & Gas Valuation Curves
§ Economic Evaluation of Project Options
§ Capital Efficiency Studies*§ Risk Assessments*§ Decision Analysis*§ Independent Valuation Reports§ Capital Gains Tax Certificates§ Oil & Gas Valuation Curves
§ Full Economic Evaluations§ Tax Structure Advice§ Corporate Finance*§ Risk Assessments*§ Maximisation of Capital Return*§ Business Case Robustness *
Reviews§ Oil & Gas Valuation Curves
§ Quality of Capital Investment Reviews
§ Risk Return Analysis§ Tax Structure Advice§ Corporate Finance*§ Risk Assessments*§ Maximisation of Capital Return*§ Business Case Robustness *
Reviews
FUNDING OPTIONS
§ Access to Capital through Debt *and Equity
§ Commodity Backed Finance*§ Private Equity Markets Advice*
Level Of Confidence
* IN CONJUNCTION WITH GLOBAL DELOITTE ADVISORY SERVICES
Fill the gaps, find the value...
“Venmyn Deloitte’s Compliance Puzzle, Valuation and Transaction
Curves, and our Proprietary Compliance Checklists, place us at the
forefront of reporting,” says Andy Clay, Managing Director.
The Venmyn Deloitte approach has been to create, over more than two
decades, a flexible and comprehensive techno-economic evaluation
service offering to mineral resource companies or mineral projects
investors that encompasses the entire mineral project life cycle, from early
stage exploration, concept study, through feasibility study to production
and beyond. Venmyn Deloitte has particularly focused on preparation of
independent technical, due diligence and valuation reports required for
public domain presentation and compliance, with global securities
commissions, ore lenders and financial institutions’ requirements.
World Class Advisors and Associates
Venmyn Deloitte specialist advisors are experienced in all aspects of the
minerals industry and provide expertise, including accounting and
financial advisory skills, mineral asset valuation, mining engineering,
geology, geostatistics, metallurgy and process engineering, plant
evaluation, compliance and environmental science expertise.
Venmyn Deloitte Reports
§ Independent Technical Reports
§ Independent Valuation Reports
§ Techno-Economic Valuation Reports in the form of Competent
Person’s Reports
§ Prospectivity Reports
§ Commodity Reviews
§ Proprietary Specialist Mineral Asset Valuation Curves
§ Transaction Reports
§ Fairness Opinions
§ Information Memoranda/Technical Statements
§ Annual Reports
§ Corporate Presentations
§ Deal Structuring and Strategic Advice with Respect to any
Mineral Asset
§ Environmental Compliance / Provisionary Reports
§ Metallurgical Review Reports
Venmyn Deloitte has always been at the forefront of innovative reporting
standards that improve the quality and user-friendliness of resource
company information. The fully compliant “Condensed CPR” and graphic
Independent Technical Statements are both Venmyn Deloitte initiatives
that are used in listings documentation, investor information packages, as
well as reference material for due diligences, transactions, impairment
testing and market capitalisation. The quality of the Venmyn Deloitte
diagrams is considered a hallmark of its documents.
Technical / Scientific Services§ Independent Technical Reporting
§ Mineral Resource Reporting
§ Compliance with International Codes
§ Sample Trail Audit
§ Technical Trail Audit
§ Ore Body Optimisation
§ Deep Level Mining Advice
§ Underground Support Structure Assessment
§ Technical Diagrams
§ Metallurgical Statements
§ 3D Geological Modelling
Financial Services
§ Mineral Asset Valuation
§ Impairment Reviews
§ IMVAL Code Compliance
§ Independent Transacting Valuations
§ Valuation Curves
§ Fairness Opinions
Pro
ject
Valu
e
INDEPENDENT MINERAL ASSET VALUATION
Valuation for:-§ Financing Purposes§ M&A / Sale of Mineral Property§ Insurance Purposes § Statutory Filing and Reporting
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§ Pit Optimisation§ Reserve Estimation§ Preliminary Economic
Assessments§ Preliminary Feasibility Studies§ Feasibility Gap Analysis§ Database Verification§ Technical Environmental, Health,
Safety and Community Scoping and Feasibility Studies
§ NI 51-101 Oil and Gas Reports
§ Definitive Feasibility Study Management and Review
§ Mass Balances§ Cut-Off and Pay Limit
Calculations§ Metallurgical Studies and
Statements§ Technical Environmental, Health,
Safety and Community Feasibility Studies
§ NI 51-101 Oil and Gas Reports
Compliance Principles
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§ Macro Analysis of Commodities, Markets and Trends
§ Cost Analysis§ Support Structure Assessment§ Technical Environmental, Health,
and Safety Compliance Audits§ Equator Principle Reviews§ NI 51-101 Oil and Gas Reports
§ Feasibility Studies and Technical and Financial Due Diligence
§ Purchase Price Allocations (in conjunction with Corporate Finance)
Valuation for:-§ Financing Purposes§ M&A / Sale of Mineral Property§ Insurance Purposes§ Statutory Filing and Reporting
§ Feasibility Studies and Technical and Financial Due Diligences
§ Purchase Price Allocations (in conjunction with Corporate Finance)
Valuations for:-§ Financing Purposes§ M&A / Sale of Mineral Property§ Insurance Purposes§ Statutory Filing and Reporting
§ Fair Value Impairment Testing
Valuations for:-§ Financing Purposes§ M&A / Sale of Mineral Property§ Insurance Purposes§ Statutory Filing and Reporting
§ Mergers and Acquisitions*§ Deal Structure Assessments§ Independent Techno-Economic
Due Diligences
§ Mergers and Acquisitions§ Deal Structure Assessments§ Independent Techno-Economic
Due Diligences
§ Mergers and Acquisitions§ Deal Structure Assessments§ Independent Techno-Economic
Due Diligences
§ Access to Capital through Debt *and Equity
§ Commodity Backed Finance*§ Private Equity Markets Advice*
§ Access to Capital through Debt *and Equity
§ Commodity Backed Finance*§ Private Equity Markets Advice*
§ Access to Capital through Debt *and Equity
§ Commodity Backed Finance*§ Private Equity Markets Advice*
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