Who is going to get a bargain!, page-157

RXM has entered an agreement with Theiss to have them help with the design pre-DFS of the mine and mine infrastructure I.e roads earthworks etc. Normally the DFS is done by the company then get financing and issue contracts. If you include the contractor before the DFS you get to use their expertise to help fine-tune 'owners costs' Capital before financing. You do, however, tend to lock yourself into them a bit because they have an inside run on the bid for the mine construction contract.

Some of the things that usually happen, well after DFS are detailed mine scheduling, positioning of stockpiles for blending etc.
If an earthworks specialist gets involved early it can help RXM know where there are going to be savings. A rush for equipment in 2024-2025. If they fall into this rush they will have to pay top dollar. If they work with Theiss, they could pursue fine-tuning on leasing or early sourcing at non-premium prices. If the whole thing is done efficiently (seamlessly) there have got to be a significant saving. It's all termed project management.

I'm not the expert on this but I know it exists and Theiss are very good at their projects. Further, a number of RXM board members and senior staff have worked with Theiss, especially at Newcest. They are using their experience and skills, this is specifically why they were employed by RXM. They have people on Board form GR Engineering too for the mechanicals and meshing that with mine construction. Now it may not be spelled out for us chapter and verse (as some are demanding) but it is there. You don't buy a dog and bark as well.


If I'm wrong people can correct me but like Mal I've been invested in a number of projects. I would yell if I spotted a problem. In this case it's the opposite.

All IMVHO