Too many mining projects get stuck at an early stage

Determining that they have an economically viable mineral resource is a critical stage in attracting investment, but junior explorers and mine developers often lack the resources internally to prove this viability and persuade investors.

They rely on external experts and get drawn into an expensive loop of reworking the scoping stage to try and find the magic formula that makes the deposit work.

The result is a catch-22 where the project can’t proceed without investment and can’t win investment without spending more on external experts.

AusIMM identify a key barrier to investment is the time and effort required to build a technoeconomic model.

idoba's Techno Economic Analysis template has removed the first barrier identified in the guideline (i.e. the time and effort to create the model), providing customers with a model template, ready for their use.

The model allows users to calculate NPV (pre and post-tax). Variables include capital cost, operating cost, life of mine, production grade and output, commodity price and market volatility.

Our Hypothesis

	A template allows operators to access a rigorous model, into which they can easily upload their own data.
	Operators can run all studies and scenarios in parallel quickly and easily, significantly reducing the time spent in Scoping.
	DiiMOS™ Modelling's visual and simple model representation and UI layer shows how calculations and logic were derived, making it easier to communicate.
	A template that complies with the AusIMM Guidelines and that is easy to understand will accelerate path to funding, via increased investor confidence.
	The system can record decisions, at points in time, with context and rationale.

How DiiMOS™ Modelling meets AusIMM’s key principles

	Easy to follow Plain English descriptions, and inbuilt search capability. DiiMOS™ Modelling is designed to remove the uncertainties of bespoke spreadsheets so it can be used and understood by the full spectrum of stakeholders.
	Tailored-to-purpose Designed for ease of input and ease of interpretation, so no-mismatched units, scale factors or timescales. Everything is consistent and as a mining analyst would expect to find.
	Transparent DiiMOS™ Modelling uses simple and transparent logic and plain English, with clear distinctions between user inputs and calculated fields. Calculations are obvious and logical, and, naturally, we avoid industry jargon and ambiguous abbreviations.
	Disciplined, rigorous and consistent Robust and auditable change history and enables version control for smoother collaboration and easier due diligence.
	Recording sources of all data Each scenario maintains its own data (inputs and outputs) whilst using the same model calculations, assumptions, and any centrally managed model level data.
	Rapid to audit Whether internal audit or investor due diligence, idoba’s DiiMOS™ Modelling template is designed to make the job easier. Here is how: Familiar AusIMM standard, identifiable from the AusIMM guidelines Transparent design and calculations built by idoba to remove the uncertainties of bespoke spreadsheets Plain English driver and calculation descriptions with inbuilt linking and search capability Ability to provide separate access for an auditor to perform their own analysis and save scenarios of interest for sharing

idoba’s DiiMOS™ Modelling Tool

idoba’s DiiMOS Modelling involves creating a mathematical or conceptual representation of a system, process, or phenomenon. This model can be used to analyse, predict, and understand behaviours and outcomes. It is part of our DiiMOS platform, which is an advanced analytical platform designed to enhance decision-making and optimise operations through sophisticated data analysis, modelling, simulation and optimisation.

DiiMOS Modelling provides easy scenario management, rapid options setup and analysis, standard model visualisations to view results and exporting of results for further analysis and reporting as needed.

Some of the key features and functionalities of the platform include:

Cloud-based
User-friendly natural language interface
Transparency of calculations and decisions
Temporal of calculations and decisions
Scalable and flexible
Temporal based (i.e understands time)
Offers real time collaboration within and between models
Ability to lock calculations and assumptions through access control
Integrates and links plans across the business
Eliminates the reliance on spreadsheets
Knowledge capture and retention
Inbuilt mining assets, leveraging idoba's years of mining experience, to speed your transition from physical to digital assets

idoba’s DiiMOS™ System Security

To ensure the security and compliance of the DiiMOS platform, we have implemented a comprehensive set of measures designed to protect your data and meet all industry standards. Here’s a simple description of how secure the platform is:

Robust Data Protection: We use advanced encryption methods to protect your data both in transit and at rest, ensuring that your information remains secure from unauthorized access.
Compliance with Industry Standards: The platform adheres to all relevant industry regulations and standards for data protection and privacy, including GDPR, HIPAA, and other sector-specific requirements. This ensures that your data handling practices meet the highest standards.
Continuous Monitoring and Auditing: Our system continuously monitors for any unusual activity and conducts regular audits to ensure the integrity and security of the platform. This proactive approach helps in early detection and mitigation of potential threats.
User Access Control: We have robust access control mechanisms in place, ensuring that only authorized personnel can access sensitive information. User roles and permissions are carefully managed to minimize risks.
Secure Data Management: All data is securely stored and managed, with strict policies for data retention and deletion. This ensures that your data lifecycle is handled securely and in compliance with legal requirements.
Regular Security Updates: The platform undergoes regular security updates and patches to protect against emerging threats. We stay ahead of potential vulnerabilities by continuously improving our security measures.

By leveraging these comprehensive security measures, the DiiMOS platform not only protects your data but also ensures compliance with all necessary regulatory requirements, giving you peace of mind and allowing you to focus on your core business activities.

Case Studies

Discover how we collaborate with our clients to revolutionise and transform ecosystems and industries through innovative thinking and disruptive approaches.

Flagship gold mining project sees $10 million NPV upside

Learn more

From flaky spreadsheets to faster forecasting

Learn more

A multinational mining company’s brave strategy for net zero by 2050

Learn more

Diverse human insights and technological expertise.

We’re here to partner with you to drive value and sustainable change. Through diverse capability, deep domain knowledge and extensive lived industry experience, we can co-create a better future for your people and your organisation.

Too many mining projects get stuck at an early stage

DiiMOS™ Modelling seeks to break this loop with its simple two-step approach…

Our model significantly reduces the time and effort of a spreadsheet-based approach, allowing for rapid iteration and analysis, getting to the answer, faster and more reliably.

Our Hypothesis

How DiiMOS™ Modelling meets AusIMM’s key principles

idoba’s DiiMOS™ Modelling Tool

Case Studies

Diverse human insights and technological expertise.