A PEA study can be defined as a Preliminary Economic Assessment, a high-level initial study in the mining and resource sector to determine if a project is potentially viable.
Purpose: To assess a mineral resource project’s potential economic viability by providing an initial technical and economic snapshot.
Nature: It is preliminary and based on initial data, which includes Inferred Mineral Resources that are too speculative to have economic considerations applied to them to be converted to Mineral Reserves.
Outcome: A PEA helps determine if a project warrants further, more detailed studies, such as Pre-Feasibility Studies and Feasibility Studies. View more here.
Mining Investing Toolkit 