Experience

 

Independent Geological Reports

Many aspects of corporate activities require the preparation of independent geological reports for purposes such as public floats, takeovers and bank financing. Mackay & Schnellmann Pty Limited has prepared more than 80 such reports and has considerable expertise in this field. Our independent geological reports are undertaken to best practice standards following the guidelines of the Valmin Code of the Australasian Institute of Mining and Metallurgy and the standards laid down by Australian regulatory bodies.

Examples of recent independent geological reports are:

NORTHERN TERRITORY & WESTERN AUSTRALIA, 2001
An Independent Geologist's Report has been prepared for a Western Australian company proposing to float. The company has alluvial garnet deposits near Alice Springs in the Northern Territory and heavy mineral sands deposits in the Southwest of Western Australia.

WESTERN AUSTRALIA, 2001
The preparation of an Independent Geologist's Report has been completed for a major Western Australian company planning to raise capital. The major asset of the company is a rare earth element deposit in the Eastern Goldfields with other properties prospective for limestone, magnesite and platinum deposits.

SOUTH AUSTRALIA, WESTERN AUSTRALIA & QUEENSLAND, 2000
On behalf of Gunson Resources Limited, an Independent Geologist's Report was prepared for a prospectus. The company had properties with base metal, mineral sands and cobalt potential. The main project was located in South Australia with copper, lead and zinc mineralisation occurring in stratiform deposits and in basement deposits associated with granitic intrusives similar to Olympic Dam. The Western Australian properties were a base metal project near Onslow and a mineral sands project near Coburn. The cobalt project was located at Mount Tabor in Queensland.

WESTERN AUSTRALIA, 1999
An Independent Geologist's Report was completed on behalf of Striker Resources N.L. on their diamond tenement interests in the Kimberley Region of Western Australia. The report formed part of a prospectus.

INDONESIA, 1998
In conjunction with IMC Mackay & Schnellmann of the UK, an Independent Geologist's Report and Valuation were prepared on the mineral property interests of P.T. Aneka Tambang in connection with the projected privatisation of this state mining organisation. The company's early to late exploration stage gold properties were located in Java and Halmahera, the operating mineral sands mines were on the southern coast of Java and the bauxite deposits were located near Pontianak in Kalimantan. Due diligence on resources was undertaken and a discounted cash flow valuation prepared.


Additional examples of professional assignments carried out by Mackay and Schnellmann Pty Limited that have involved independent geological report related activities will be found on the other Expertise pages as well as the Commodities pages of this website.

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