Heath Shepherd

BSc (EarthSc/Geo) (Hons), MMinEng (Mine Geomechanics), MAusIMM

Heath is a geologist and mining analyst with over 15 years of experience in the resources industry.

Heath has significant experience across geology, mining engineering and financial analysis. He has been responsible for the construction of geological databases and models, development of cost and financial models, technical assessment of mining assets and leadership of technical teams for studies and due diligence projects. At Palaris, he has been involved in many technical due diligence projects, resource and reserve estimates, independent technical experts report, feasibility studies and asset valuations. Heath has significant experience with open cut and underground mining methods, coal seam gas and decarbonisation pathways.


  • Due Diligence & Asset Valuation
  • Geological Modelling
  • Project Evaluation
  • Feasibility Studies
  • Resource & Reserve Estimation
  • Decarbonisation Pathway

Track Record

  • Heath has worked on over 250 projects for 70+ clients predominately in bulk commodities. This has included over 115 feasibility studies, 65 due dilligence / asset valuation engagements and numerous resource evaluation projects. His breadth and depths of consulting experience is unique.
  • Heath has solid experience acting on behalf of buyers and sellers of assets during the due diligence processes. Heath has recently led major technical due diligence advisory teams and was part of the technical advisory team on the successful acquisition of Eagle Downs by Stanmore Resources.
  • His key analyst skills include financial modelling using discounted cash flow (DCF), asset valuations, benchhmarking and estimation of CAPEX and OPEX for mining assets.
  • Heath brings strong decarbonisation pathway capabilities, with a sound understanding of gas utilisation methodologies and an ability to prepare Marginal Abatement Cost (MAC) Curves allowing sound financial prioritisation to decarbonisation options.
  • He has significant experience in mine planning and scheduling for both open cut and underground resource deposits. This has included geologically complex deposits where multiple methods have been utilised. Production schedule outputs from models have been used in financial models for economic evaluations. Heath has constructed and audited numerous geological models and borehole databases some of which have been used for resource estimation and mine planning purposes.