A scoping study in mining is the initial, high-level evaluation of a project’s potential economic, technical, and environmental viability, determining if it warrants further investment.
It assesses the feasibility of extracting mineral resources, often using “back-of-the-napkin” calculations, conceptual models, and early-stage data to estimate project scale, costs, and risks.
These studies are typically conducted before a PEA.
Mining Investing Toolkit 