New Polymetallic (Lead-Zinc-Silver-Copper-Gold) Mine Bosnia
Engaged by the developer’s Financial Advisor to provide independent assessment of feasibility studies on behalf of potential financiers, for the construction of a new underground polymetallic mine and processing plant.
The scope of the review covered due diligence of all technical, environment and social aspects of the development, including mine to market logistics. Associated infrastructure was also within the scope such as dry stack tailings management facilities, power and water provision along with development of new roads and a rail siding.
A staged review approach was requested, with Palaris commencing due diligence initially on the project’s Prefeasibility Study, then further review updates as the studies progressed, culminating in final reports on the Definitive Feasibility Study. Early lender engagement was undertaken, with Palaris providing advice to a range of potential funders and ultimately the nominated financier.
To cover the full project scope Palaris mobilised its mining, processing, logistics, infrastructure and financial modelling specialists while engaging a global environmental & social consultant to work within its own team.
On completion of due diligence, the project owner completed a +$140 million debt financing term sheet with the nominated lender, along with a $50 million equity subscription.