AUDIT & DUE DILIGENCE
Audits and Reviews
Our approach to audit practice is to help clients develop and continuously improve their processes, systems and outcomes. We have a proven track record in auditing:
- Drilling, sampling, mine geology, and geological modelling
- Grade control systems
- Mineral Resource estimation
- Reconciliation
- Ore Reserve estimation
- Mine schedules
- Financial plans
- Professional development for technical professionals including geologists, mining engineers and metallurgists
The depth of each audit or review we do is determined with our clients before the process starts. We can complete studies ranging from desk-top reviews to identify fatal flaws through to detailed independent audits with validation and verification of data, systems, implementation and outcomes. Regardless of the level of audit clients benefit from a risk-ranked list of priorities highlighting areas for improvement and areas that are functioning well.
Due Diligence
Committing to a due diligence study of an operation or project is a major step. The results of the due diligence will fundamentally affect the decision to invest or divest – therefore you need the best possible team. Taking shortcuts at the due diligence stage can result in missed opportunities or poor acquisitions. Through our combined experience we have:
- Clear understanding of the requirements of bankers and companies;
- Ability to hit the ground running and identify major issues rapidly;
- QG’s expert knowledge of drilling, sampling, geostatistics and geological modelling;
- QG’s expert knowledge of open pit and underground mine planning, scheduling and design;
- QG’s ability to review high-level geostatistics and risk analysis, especially through their mathematical skills;
- Broad knowledge of mining, geological, processing and financial risk issues;
- Expert knowledge of JORC resource classification issues by all our Principals;
- Expert knowledge of JORC reserve classification issues by Scott Dunham and Dave Purdey;
- Due diligence expertise in Australia and internationally, for a range of commodities.
Your best Due Diligence team – another example of the benefit of Our Skills on Your Team.