Project Details
Client: lluka
Location: Balranald Mineral Sounds
The Challenge
The team had to conduct their research and prepare their findings reports in a coordinated way within the review period timing. The findings had to be collated and language standardised to provide the concise findings Iluka required in a professional and easily readable report.
- The project had been advanced through Iluka’s capital development process with its feasibility study nearing completion and submission for board Final Investment Decision targeted at a scheduled meeting. This mandated a tightly defined schedule for the review requiring immediate mobilisation of the team and establishment of the systems and information transmission with a flying start.
- Iluka’s capital development process required that an independent reviewer study all aspects of the business case as defined in the feasibility study and report on whether the project was sufficiently advanced to pass the final approval gate.
- Flagstaff had to mobilise a multidisciplined team, each an authority in their field, to investigate the entirety of the project status and forecasts of investor value by: conduct of interviews and study of project definition
- benchmarking against industry norms, and
- measuring compliance with Iluka’s approval gate requirements.
- The team had to conduct their research and prepare their findings reports in a coordinated way within the review period timing. The findings had to be collated and language standardised to provide the concise findings Iluka required in a professional and easily readable report.
- Progress the instrument through reviews to market readiness status
The Outcome
- Report submitted on time.
- As always, fresh sets of eyes see what those who are fully engaged in the project may overlook. This is a key value of an IPR.
- Findings accepted.