Get Your Indicative Estimate

Enter your project details below for a free, data-driven, risk-adjusted estimate

Not financial advice. Indicative estimates for decision support only.

Project Details

Resources

Results

Quick Estimate

30 Seconds

Commodity

Project Stage

Tenement Area (ha)

Or switch to Full Valuation for detailed resource-based analysis

Quick Start - Enter Stock Code

Auto-Fill

Enter an ASX or TSX code to automatically fill project details from our database of 40+ major mining companies.

Import Technical Reports & Documents

Drag & drop files here, or click to browse

PDF TXT HTML Word

OR PASTE TEXT

Paste Announcement Text

Smart Extract

Paste text from an ASX/TSX announcement, technical report, or JORC table and we'll automatically extract the resource data.

Supports Moz, Mt, Mlb, g/t, % grades

Try these example formats:

9.4Moz @ 1.4g/t Au 156Mt @ 1.2% Li2O Indicated + Inferred 2.1Blb Cu @ 0.45%

Analyzing announcement text...

Extracted Data

ⓘ What You'll Need

Resource estimate — from ASX/TSX announcements, technical reports, or company presentations
Project stage — grassroots (no drilling) through to production
Grade — average grade from the resource statement

No resource data yet? Select "Exploration Ground" below to value by area ($/hectare) instead.

What type of valuation do you need?

⚙

Resource-Based I have a JORC/NI 43-101 resource or estimate (oz, tonnes, lbs)

🌐

Exploration Ground No resource yet — value by area (hectares/km²)

0 Find Your Project (Optional)

Data: MINEDEX (WA Govt) Western Australia projects only

Lookup by Tenement ID

Data: DMIRS SLIP + MINEDEX (WA) Auto-fills area, deposits, drilling, grades, prospectivity

Can't find your project? Enter details manually below.

1 Asset Details

Project Name *

Commodity *

Asset Stage * ? Earlier stages have lower probability weightings

Jurisdiction *

2 Exploration Ground Details

Project Area * ?

hectares

Total tenement area (100 ha = 1 km²)

Prospectivity * ? Higher prospectivity = higher $/hectare multiples

Drill Holes Completed ? Leave blank if no drilling done

Best Intercept Grade ?

(select commodity)

Highest grade from drilling (if any)

Project has historical mining workings or old shafts Historical workings add confidence and valuation premium

2C Drill Results & Exploration Target (Optional but Recommended)

Enter drill assay data to calculate an Indicative Exploration Target. This upgrades your valuation from area-based to resource-potential based.

Enter Manually Auto-Lookup (WA Only)

Deposit Geometry ?

Assay Intervals

Hole ID	From (m)	To (m)	Width (m)	Grade	Unit

Advanced Parameters (Override Defaults)

Bulk Density (t/m³) Leave blank for default based on commodity

Cutoff Grade

g/t

Intervals below this grade excluded

Strike Length (m) Override calculated strike extent

Drill Spacing (m) Override to manually set resource classification

Area of Influence (ha) ? Effective drill coverage area (polygonal method)

2 Resource Details

Resource Category * ? Choose based on your project's most recent technical report. Reserves = economically mineable.

Resource Amount * ?

(select commodity)

Total contained resource

Grade * ?

(select commodity)

Average resource grade

Output Currency

Deposit Type ? Mining method affects operating cost estimates

3 Development Study Inputs (Optional)

If you have feasibility study data, enter it here for more refined estimates. Leave blank to use EV/Resource multiples only.

Initial Capex ?

M USD

Pre-production capital (millions USD)

AISC / C1 Cash Cost ?

$/oz

Operating cost per unit produced

Mine Life ?

years

Expected years of operation

NPV from Study ?

M USD

NPV from feasibility study (if available)

Past Exploration Expenditure (Early-Stage)

For early-stage projects, enter past exploration spend to enable the Exploration Expenditure valuation method.

Total Exploration Spend

USD

Total exploration expenditure to date

Exploration Results Quality Quality of results determines multiplier

4 Commodity Price (Optional)

Current Gold Price: $2,350/oz

Offline Loading... • -

Use custom price instead

This tool provides indicative model estimates only. Not a certified valuation. Not financial advice.

Sample Gold Project

Indicative Estimate Range

Low Case

Base Case

High Case

MEDIUM CONFIDENCE

Valuation Methodologies

Method	Low	Base	High	Weight
Weighted Average	$0	$0	$0	100%

Adjust Weights

Adjust weights to reflect your confidence in each methodology. Weights must sum to 100%.

Inputs Used

Risk Adjustments Applied

Key Assumptions

Sensitivity Analysis

Commodity Price 0%

-30% +30%

Grade 0%

-20% +20%

Resource Size 0%

-25% +25%

Stage Progression

Low Case

Base Case

High Case

Variable Impact (Tornado Chart)

Monte Carlo Simulation

P10 (Conservative)

10% chance of being lower

P50 (Expected)

Most likely outcome

P90 (Optimistic)

10% chance of being higher

How This Was Calculated

This estimate uses the EV/Resource methodology — a market-based approach that compares your project's in-ground resources to transaction multiples from comparable mining assets. The base multiple is adjusted for:

Project stage — earlier stages get larger probability discounts
Resource category — lower confidence resources are discounted
Jurisdiction — political/regulatory risk adjustments

Valuation Range

Shows low, base, and high case estimates based on methodology range.

Risk Adjustment Waterfall

Illustrates how risk discounts reduce gross resource value to final estimate.

Comparable Transactions

EV/Resource multiples vs resource size. Your project highlighted.

Value by Development Stage

Shows how project value typically increases through development stages.

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Comparable Transactions Database 0

▼

Transactions

Avg Multiple

Median Multiple

Range

Sel	Project	Acquirer	Date	Deal Value	Resource	Multiple	Stage

Data Sources & Attribution

▼

Valuation Methodologies Explained

▼

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Get Your Indicative Estimate

Quick Estimate

Quick Start - Enter Stock Code

Paste Announcement Text

0 Find Your Project (Optional)

1 Asset Details

2 Exploration Ground Details

2C Drill Results & Exploration Target (Optional but Recommended)

2 Resource Details

3 Development Study Inputs (Optional)

Past Exploration Expenditure (Early-Stage)

4 Commodity Price (Optional)

Sample Gold Project

Valuation Methodologies

Methodology Explanations

Inputs Used

Risk Adjustments Applied

Key Assumptions

Comparable Transactions

Sensitivity Analysis

Variable Impact (Tornado Chart)

Monte Carlo Simulation

Price/Grade Sensitivity Matrix

How This Was Calculated

Valuation Range

Risk Adjustment Waterfall

Comparable Transactions

Value by Development Stage

Was this valuation helpful?

What's Next?

Comparable Transactions Database 0

Data Sources & Attribution

Valuation Methodologies Explained

EV/Resource Multiple (Market Comparables)

Typical Ranges:

Yardstick Method (Rule of Thumb)

Typical Factors:

P/NAV (Price to Net Asset Value)

Typical P/NAV:

Area-Based (Prospectivity Valuation)

Typical Rates:

Exploration Expenditure (Past Expenditure)

PEM Factors:

Mining & Valuation Glossary

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Visual Comparison

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