MODEL OVERVIEW
 
 
Our highly versatile and user-friendly Excel model enables the preparation of a 25-year rolling 3-statement (Income Statement, Balance Sheet, and Cash Flow Statement) financial projection with an annual timeline. It accommodates a mix of actual and forecast periods, making it suitable for both startup and existing mining operations across five mining locations. The model also supports mines at different lifecycle stages, including forecast, development, ramp-up, steady-state production, and closure.
 
The model incorporates key mining-specific functionality, including:
Production and revenue modelling based on ore mined, ore processed, grades, recoveries, payability, and commodity pricing.
Inventory tracking for processed ore
Hard and soft development costs for pre-production, mine development, sustaining capital, and closure provisions.
Operating cost projections, including mining, processing, maintenance, G&A, and site services.
Labour modelling for direct and indirect personnel.
Equipment and fixed asset schedules, including depreciation and sustaining/expansion CAPEX.
Borrowings and financing (debt facilities, interest, repayments).
Royalties, sales tax, corporate tax, and dividend distributions.
 
The model follows good-practice financial modelling principles and includes instructions, line-item explanations, built-in checks, and input validations.
 
KEY OUTPUTS
 
Projected full financial statements (Income Statement, Balance Sheet and Cash flow Statement) presented on an annual basis across 5 years.
 
Summarised projected Income Statement and Balance Sheet.
Compounded Annual Growth Rate (CAGR) for each summarised income statement and balance sheet line item.
Key ratios including average revenue growth, average profit margins, average return on assets and equity and average debt to equity ratio.
Tables and Bar charts summarising revenue and gross profit by mining location.
Charts and graphs showing: cash balance by month, free cash flow generation, cash flow statement breakdown, profit margins, income statement breakdown, net cash vs net income, working capital, valuation and capital structure.
Discounted cash flow valuation using the projected cash flow output.
Breakeven analysis
 
KEY INPUTS
 
Setup Inputs:
Name of business;
Currency;
Timeline start year and first projection year;
Naming for mines, soft and hard development costs, direct costs, labour costs, other expenses, admin costs and borrowings;
 
Actuals Inputs:
Opening balance sheet (for existing businesses);
Income Statement actuals (for trend analysis);
 
Projection Inputs:
Mine general assumptions: ore reserves, mine status (forecast, development, ramp-up, steady state, closure), remaining years in each phase, ore grade, dilution, waste grade, ore loss and payability.
Production assumptions: annual ore mined and processing recovery rates for each mining location.
Revenue assumptions: commodity prices, inventory allocation percentages and average customer credit terms.
Direct labour: monthly FTE requirements per mine and monthly cost per FTE.
Direct operating costs: mining, processing, G&A, tailings and water management, power and energy, maintenance, royalties, transport and logistics, and average supplier credit terms.
Development costs: soft vs hard development expenditure with capitalisation and useful life assumptions for hard costs.
Other operating costs: non-direct staff costs and additional site or corporate operating expenses.
Tax inputs: sales tax and corporate tax rates, timing and payment periods.
Dividend policy: distributions based on fixed amounts or a percentage of retained earnings.
Borrowings: new debt drawdowns, interest rates and repayment profiles.
Share capital: planned equity injections.
b discount rate assumptions for DCF valuation.
 
KEY FEATURES
 
The model contains a flexible timeline that allows for a mix of actual and forecast periods across a 25-year period. This allows projections to be easily rolled forward as forecast periods become actual period; 
The model is not password protected and can be modified as required following download;
The model allows the user to model up to 5 separate mining locations (both existing and new) with own assumptions for lifecycle stage, production, revenue, direct costs, development costs, and direct labour usage.
The model allows for the following number of underlying categories for each line item (these can be easily expanded if required):
Mines – 5 locations;
Direct costs – 10 categories;
Direct labour costs – 8 categories;
Development Costs – 10 categories (split soft and hard);
Non-Direct Staff costs – 8 categories;
Other expenses – 15 categories;
Borrowings – 5 facilities
Apart from projecting revenue and costs the model includes the possibility to model, development costs, borrowings (amortising), dividends and corporate tax.
Business name, currency, starting projection period and revenue and cost naming are fully customisable.
The model included an integrated discounted cash flow valuation using the projected cash flow outputs;
The model includes instructions, line-item explanations, checks and input validations to help ensure input fields are populated accurately; 
The model includes a checks dashboard which summarises all the checks included in the various tabs making it easier to identify any errors. 
 
SUPPORT / MODIFICATIONS
 
If you require any be-spoke modifications or support, we are more than happy to assist. Please send us a message below or contact us on hello@useprojectify.com