A B C D E F G H I J K

1 O'Hara Cost Estimation Method - Open Pit Mine Project

2
3 Capital Cost of Mine
4 Source:T.A. O'Hara and S.C. Suboleski (1992) Section 6.3.3.2
5 Units as indicated Exchanged to
6 INPUTS or US$(Dec.1988) A$(2015)
7 Ore mined and milled t/d (O) 5,000
8 Waste to ore ratio (W) 2
9
10 Clearing FORMULAS
11 INPUTS
12 Area to be cleared in acres 108.2924209957 6.3.
13 NOTE - Only one scenario/cost to be selected
14 Scenario 1 - 20% Slopes with light tree growth $108,457 6.3.112
15 Scenario 2 - Flat land with shrubs and no trees $20,336
16 Scenario 3 - 30% Slopes with heavy trees $135,571
17
18 Pre-production Waste Stripping
19 INPUTS
20 Tonnes of Soil Ts 100000
21 Tonnes of waste rock Tw 150000
22
23 Soil stripping - max. 7 m deep $34,593
24 Waste stripping - rock requiring blasting, loading and haulage $459,741
25
26 Open Pit Drilling Equipment
27 INPUTS
28 Drill size 102, 165, 200, 250, 270, 310, 336 and 380 mm 165
29 NOTE - Only one scenario to be selected
30 Scenario 1 - Tonnes of ore or waste per day per drill Tp for medium penetration (150 m per shift) OK 6508 6.3.64
31 Scenario 2 - For easily drillable rock 8805
32 Scenario 3 - For hard drilling rock 3828
33
34 Number of drills Nd of diameter d (including supplies) generally 2 to 4 2
35 up to 55,000 t/d capacity
36 Drilling equipment cost $1,160,995 6.3.117
37
38 Shovels and Other Loading Equipment
39 Size of shovels in cubic metres 5 6.3.67
40 Manually selected closest upper Standard Size S 5
41 Number of shovels 4 6.3.68
42 Number of shovels Ns 4
43 Loading equipment cost $9,163,873 6.3.118
44
45 Trucks and Accessory Road Maintenance Equipment
46 Truck size t in t 64 6.3.69
47 Number of trucks Nt of size t 9 6.3.70 AQUÍ PONER LA FUNCION REDONDEAR MAS
48 Haulage equipment cost $8,513,271 6.3.119
49
50 Open pit Maintenance Facilities
51 Area of open pit repair shop in m2 1628 6.3.71
52 Pit maintenance facilities cost $3,232,082 6.3.120
53
54 Open Pit Communication and Electrical Distribution
55 Communications/electrical cost $224,292 6.3.121
56
57 Open Pit Fuelling System
58 Fuelling system cost $66,355 6.3.122
59
60 TOTAL COST MINE $22,875,538
61
62 CONVERSION FACTORS
63 1 tonne = 1.1023 tons
64 1 m3 = 1.30795 yd3
65 1 mm = 0.03937 inches 25.4000508001
66 1 m2 = 10.7639 feet2
67 Inflation factor MCS index for open pit capital costs US$(Dec.1988) to US$(Dec.2015) = 1.8347
68 Exchange rate A$(1988):US$(1988) = 0.855 0.855
69 Average annual Australian mining capital cost inflation 2.36% p.a. 0.0236
 A B C D E F G H I J K L M N
1 O'Hara Cost Estimation Method - Open Pit Mine Project
2
3 Operating Mining Cost
4 Source:T.A. O'Hara and S.C. Suboleski (1992) Section 6.3.4.2
5
6 INPUTS
7 Ore mined and milled t/d (O) 5,000
8 Waste to ore ratio (W) 2
9 Total of Ore and waste (t) 15000 LOS 15000 ESTAN EN TM SIEMPRE LO LLEVAMOS A TON CORTAS
10
11 Units as indicated Exchanged to
12 or US$(Dec.1988) A$(2001)
13 1704.6190887874 6.3.181
14 Drilling cost per day $2,844.0224 6.3.182
15 Blasting cost per day $2,395.4384 6.3.183
16 Loading cost per day $6,137.5182 6.3.184
17 Haulage cost per day $5,966.1668 6.3.185
18 General services cost per day
19
20 TOTAL OPERATING COST PER DAY $19,048
21 UNIT OPERATING COST PER t of ORE $3.81
22
23
24 CONVERSION FACTORS
25 1 tonne = 1.1023 tons 1.1023
26 1 m3 = 1.30795 yd3
27 1 mm = 0.03937 inches
28 1 m2 = 10.7639 feet2
29 Inflation factor MCS index for open pit operating costs US$(Dec.1988) to US$(Dec.2015) = 1.8893
30 Exchange rate A$(1988):US$(1988) = 0.855 0.855
31 Average annual Australian mining operating cost inflation 2.48% p.a. 0.0248