Project Audit and Evaluation
An instrument for precise evaluation, honest asset presentation, and strategic roadmap development
Comprehensive due diligence, spatial modeling of ore bodies, resource re-estimation in compliance with international standards, and identification of growth opportunities — ensuring your project becomes economically viable and investment-attractive.
What Subsurface Assets Issues Are Resolved During Project Audit and Evaluation?
01
Inaccurate or Outdated Data
We analyze and re-evaluate legacy geodata to validate the geological model and confirm the accuracy of design and operational decisions.
02
Uncertainty in Resource Volume and Grade
We execute resource re-estimation based on 3D spatial modeling, delivering precise ore body geometry and calculated reserve volumes.
03
Unoptimized Resource Allocation
We provide actionable recommendations on priority targets, eliminating redundant expenditures and refocusing efforts on strategically critical zones.
04
Non-Compliance with International Standards
We prepare technical reporting in full compliance with international reporting codes (JORC, NI 43-101), boosting transparency and investor confidence in your asset.
How Is the Project Audit and Evaluation Process Executed?
We perform a comprehensive technical and geological due diligence to deliver an accurate assessment of the project's current status and resource potential.
The process comprises five key stages:
- Data Review & Verification — examination of historical reports, geophysical datasets, drilling records, and laboratory assay results. We assess data completeness, QA/QC integrity, and alignment with international standards;
- 3D Spatial Modeling — construction of explicit/implicit 3D geological models of the ore bodies based on verified input data. This allows for refined geometry, volume definition, and spatial grade distribution;
- Resource Re-estimation — re-calculation of mineral resources based on updated 3D block models using industry-standard estimation techniques and reporting frameworks (JORC / NI 43-101);
- Risk Assessment & Optimization Recommendations — identification of geological, processing, economic, and regulatory risks. We formulate actionable recommendations for follow-up exploration, cost reduction, and project optimization;
- Final Technical Report & Conclusions — preparation of a comprehensive technical report including resource statements, structural/grade models, risk matrix, and investment-grade recommendations as a foundation for strategic decision-making.
The Deliverable: The Client receives a verified, independent audit report confirming resource figures, project economics, and potential technical risks.
Optimizing Exploration Workflows from Day One
Project audit and valuation enable the verification of geological datasets, identification of potential technical risks, and confirmation of a deposit's investment attractiveness.
Key services
01
Geological Due Diligence
02
Project audit and evaluation
03
Planning of geological exploration work
04
Solid mineral resource estimation
05
Inventory counting in accordance with international standards
06
Feasibility study in accordance with the CRIRSCO standard
The Essence and Strategic Value of Project Audit
Geological auditing serves as a foundational quality assurance instrument to ensure the integrity and accuracy of datasets driving the entire life cycle of a resource asset. An audit becomes essential whenever there is uncertainty regarding legacy data precision, reserve calculation methodologies, or the validity of geological model interpretations.
Audits are typically conducted during transitions between exploration phases, prior to resource re-estimations, license acquisitions or sales, capital raising events, or strategic shifts in development plans. Independent verification mitigates technical discrepancies, optimizes ongoing exploration programs, and establishes institutional credibility with financial partners and stakeholders.
Project valuation builds directly upon the audit framework to determine an asset's realistic economic viability and resource potential. By integrating geological, geophysical, and geochemical datasets with 3D spatial modeling, we deliver a transparent assessment of the project's true market value and development prospectus.
Primary Objectives of Audit and Valuation
During the audit process, GeoJet Group addresses key operational and strategic challenges faced by mining companies and investors.
Inaccurate or Outdated Data
Uncertainty in Resource Volume and Grade
Unoptimized Resource Allocation
Compliance with International Reporting Standards
Methodology and Key Stages
The audit and valuation process comprises five sequential stages, each aimed at establishing an objective assessment of the deposit's current status.
1. Source Data Analysis
The initial phase involves analyzing source datasets — examining geological reports, drilling results, geophysical surveys, alongside laboratory and geochemical assays to verify data completeness and QA/QC integrity.
2. 3D Spatial Modeling
3D spatial modeling is then executed using verified datasets to produce a comprehensive visualization and structural analysis of all available geodata. This approach refines geological controls, deposit geometry, and the validity of resource estimations.
3. Resource / Reserve Re-estimation
The subsequent stage is resource and reserve re-estimation. When required, mineral resources and reserves are re-calculated using the updated spatial model and industry-standard frameworks.
4. Risk Assessment and Recommendation Development
Geological, technical, economic, and regulatory risk factors are comprehensively evaluated to identify bottlenecks and formulate actionable solutions, including adjustments to operational methodologies and exploration programs.
5. Final Reporting and Valuation
The final deliverable is a comprehensive technical audit report containing survey findings, graphic materials, structural maps, 3D block models, analytical data tables, and forecast scenarios. This document serves as an investment-grade foundation for investor negotiations, project financing, or statutory reserve re-certification.
Deliverables and Strategic Advantages for the Client
The outcome of the audit and valuation provides a verified understanding of the asset's true status, current resources, and commercial development potential.
The client receives an investment-grade report suitable as an internal strategic planning tool or as official proof of data integrity for investors, financial institutions, and regulatory bodies.
Core Advantages of the GeoJet Group Approach:
- Unbiased, independent technical evaluations;
- Mitigation of geological risks and operational cost optimization;
- Reporting compliant with international reporting codes (JORC, NI 43-101);
- High transparency and institutional credibility with financial stakeholders;
- Seamless integration of audit results into downstream exploration and development phases.
When Project Audit and Valuation Are Required
Project audit and valuation are conducted during resource re-estimation, license acquisition or divestment, M&A due diligence, and preparation for project financing or IPOs. An independent audit is also essential when changing contractors, updating estimation methodologies, or verifying the accuracy of legacy reports.
In every case, it serves as a decision-making tool that transforms uncertainties into precise, defensible figures and actionable management strategy.
Conclusion
Project audit and valuation are pivotal components of modern resource asset management.
They integrate geological precision, economic realism, and reporting transparency to lay the groundwork for sustainable mineral asset development.
GeoJet Group delivers an end-to-end approach combining domain expertise, spatial modeling, and international reporting codes.
The result is a verified, transparent assessment of project potential — an investment-grade foundation for high-stakes strategic and financing decisions.
