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78.0¢ avz minerals limited

Ann: AVZ Awards FEED Study to Progress Manono Project, page-26

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jimbod1

4 Posts.

26/02/21

10:14

Post #: 51351655
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Originally posted by Freehold: ↑

I'd go further and say "every" new plant MUST undergo a Front End Engineering Design (FEED) phase, whether they call it that or not, they must do detailed planning to the most granular level. Its the most detailed last step before the actual build starts.

The DFS is done to a level of certainty/detail only to determine if a project is "feasible" and to help secure project finance.

The FEED is the detailed design with low level blueprints and every component, measurement and individual task level planning, contingencies and human resource planning to get the job done. If you don't do the FEED you won't build anything. It gives the ultimate level of certainty of cost and timeframes before project begins.

Perhaps someone in the mining industry that has participated in a FEED phase could provide more detail here?

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FEED stands for Front End Engineering and Design. It's the most important phase of a project and the key deliverable is a class 3 estimate giving the client assurity of cost and schedule with contingencies to enable them to move to Final Investment Decision (FID).

AVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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