Who is Tenement?
Tenement Mining (Pty) Limited was established in 2016 in direct response to
developments in the mining industry over the last 20 years. Junior developers
have become the key drivers of industry growth in an environment where
compliance obligations to the regulator, industry bodies and stock exchanges
have become increasingly stringent.
Mining is a capital-intensive business. Junior developers build projects differently,
growing capacity progressively from a smaller base as a means of de-risking
projects, which then attracts capital for further growth. Having internal skills using
this approach is simply not sustainable where operational scale cannot support a
large head-office overhead.
Tenement provides a nimble, experienced and multi-faceted technical advisory
team which creates direct value for clients in terms of technical input and
reporting, and learnings across the wider mineral resource and extractive
industry.
With over 50 years’ combined experience, our core team comes from geological
and mining engineering backgrounds. Currently Competent Persons in ten
commodities and Competent Valuators in 12 commodities, Tenement has the
ability to draw from wide experience in both operational and consulting / advisory
businesses.
Tenement’s focus is on minimising technical and financial risk while providing
value-add solutions to our clients.
Evolution of a mineral project
All mining projects follow a typical five stage evolutionary process including:
(1) Target identification, (2) Exploration, (3) Development, (4) Production and (5) Decommissioning.
Each stage is based on the successful results of the previous stage. As a successful project develops, the value typically increases along with the geoscientific
knowledge and probability of the project being brought to account as shown in the schematic below.
As a mineral asset develops, each information gathering exercise forms the basis for forthcoming studies. Technical and economic information forms the core of all mining projects. It is the basis of the estimated Mineral Resources and Mineral Reserves and therefore the value of the mineral asset.
Tenement specialises in the collection, verification, estimation, compilation and due diligence of information on mineral assets, at each level of development. Our in-depth knowledge of the compliance codes across a range of security exchanges ensures that the volume, quality and reliability of information meets the international reporting standards from the outset.
Tenement's scope of services includes:
Tenement differentiating factors
- Business model of core advisors, supported by key specialist associates, with co-consultants to form a larger team base as dictated by the scope.
- Preparation of top-quality highly graphical reports ready for fund raising or stock exchange submissions.
- Scope of work delivered on time and on budget.
- Clients always get the “A” Team.
- Keeping overheads to a minimum with the cost benefits being transferred to the client.
- Significantly more cost and time effective than the “big boys”.
