PX
Project X
Pre-Feasibility Study · Private Workspace
Encrypted · Local AI
MD
Managing Director overview

Good morning, Peter.

Three items require your attention. Everything else is progressing as expected.

Project documents
47
+3 this week
Assumptions tracked
286
Across 7 disciplines
Items requiring review
3
1 high priority
Study completion
68%
On schedule
Management attention
Prioritised from all project information
Recovery assumption affects project valuation
The financial model uses 91.0%; latest testwork reports 87.2%.
Process CAPEX requires consultant clarification
Current estimate is 21% above the comparable-project range.
Updated mine schedule received and validated
Production profile reconciles with the current resource model.
Study workstreams
Validated information coverage
Geology92%
Mining76%
Metallurgy68%
Infrastructure61%
Environment54%
Economics72%
Mine schedule validated
18 linked assumptions checked
09:42
Model impact calculated
Recovery scenario ready for review
08:17
Project X and all values shown are fictional. Illustrative product demonstration.
Controlled project information

Project documents

Upload consultant deliverables and project data. Each file is automatically structured, cross-checked and connected to the study.

Drop a confidential project document here
PDF, DOCX, XLSX or CSV · processed within the Study Room
DocumentWorkstreamStatusReviewedFindings
PDFMetallurgical_Testwork_Report.pdfMetallurgy4 findingsToday, 08:1486 assumptions
XLSProcess_CAPEX_Estimate_R03.xlsxProcessReviewYesterday3 findings
PDFUpdated_Mine_Schedule.pdfMiningValidatedYesterday0 findings
PDFResource_Model_Memo.pdfGeologyValidated12 Sep 20261 resolved
DOCPFS_Design_Criteria.docxStudy-wideCurrent10 Sep 2026214 assumptions
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Evidence-linked AI review

Items requiring attention

Prioritised inconsistencies, missing information and unusual assumptions identified across project deliverables.

High · Financial impact
Recovery assumption is inconsistent with latest testwork
The base-case financial model assumes 91.0% recovery. The latest locked-cycle testwork reports 87.2%. Applying the supported assumption reduces project NPV by approximately $56 million.
Open
Metallurgical Testwork Report · p. 143Locked-cycle recovery: 87.2%, based on composite sample PX-C04.
Financial Model · Base CasePlant recovery assumption: 91.0% across Years 1–12.
Review · Benchmark variance
Process CAPEX sits above the comparable-project range
At $34,800 per annual tonne of throughput, the current estimate is 21% above the adjusted median of six comparable Australian development projects. Review the crushing, utilities and contingency allowances.
Open
Project X estimate · Revision 03Process plant direct and indirect CAPEX: $278.4 million.
Comparable range · six projectsAdjusted median: $28,760/tpa; interquartile range: $25,900–$31,400/tpa.
Review · Source currency
Power cost basis has not been updated
The infrastructure memorandum references a 2024 tariff while the model source register identifies a 2026 quotation. Confirm the current delivered energy price before the next model freeze.
Open
Infrastructure memorandum · p. 38Modelled tariff basis dated November 2024.
Assumption register · EN-014Supplier quotation received 24 August 2026; validation pending.
Integrated financial model

Test the impact immediately

Change a technical assumption and see its effect on project economics, without rebuilding a spreadsheet.

Recovery scenario
Latest testwork versus current base case
Live calculation
Metallurgical recovery87.2%
$412m
Current base-case NPV
$356m
Scenario NPV
24.1%
Current base-case IRR
21.3%
Scenario IRR
3.4 yrs
Current payback
3.9 yrs
Scenario payback
NPV sensitivity
Recovery assumption · A$ million
The latest testwork result remains economically robust, but its valuation impact is material and should be reflected before the next market-facing study update.
All values shown are fictional and are provided solely to demonstrate the workflow.
Living integrated study

Study document

The report develops as validated consultant information becomes available, with gaps and required updates kept visible.

PFS sections
68% complete
01Executive SummaryCurrent
02Geology & Resources
03Mining
04MetallurgyUpdated
05Infrastructure!
06Environmental54%
07Project Economics!
08Risks & Opportunities
Project X Pre-Feasibility Study

4. Metallurgical Testwork

The metallurgical programme assessed the response of representative composite samples across the principal mineralised domains. Testwork included comminution characterisation, flotation response, variability testing and locked-cycle evaluation.

4.4 Recovery performance

The most recent locked-cycle programme reported a weighted recovery of 87.2% for composite PX-C04. The result supersedes the preliminary assumption previously applied during concept development.

AI review note · Management action required
The integrated financial model currently applies a recovery assumption of 91.0%. Project economics and the Executive Summary require updating once the revised base-case assumption is approved.

4.5 Design implications

The current process design remains suitable for the tested material. Further variability work is planned to confirm performance across the mine schedule and support finalisation of the process design criteria.

Evidence: Metallurgical Testwork Report, Rev 02, pp. 118–147 · Assumptions MR-021 to MR-034

Illustrative AI-generated working draft. All study text requires appropriate professional review and approval.
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