Understanding the key success factors in mining is crucial before making investments. We provide insights and strategic guidance for profitable decision-making.
The Minestarters Approach – The 8 Pillars of Mining Success
Based on years of hands-on experience in mining companies—from startup to IPO and mine production—I have identified the 8 essential factors to launching a successful mining business, the 8 Pillars:
Location
How jurisdiction, infrastructure, and political stability impact success.
Target Minerals
Choosing commodities that attract investors and have future demand.
Management
The role of experience, track records, and execution ability.
Doing Deals
Structuring option agreements, joint ventures, and acquisitions.
Mineral Economics
Understanding costs, cash flow, and project valuation.
Fund raising
Raising capital through seed rounds, private equity, and debt.
Reporting
Feasibility studies, JORC/NI-43-101 compliance, and investor reporting.
Exploration
Risk mitigation, drill targeting, and discovery strategies.