OCIM Mining Pty. Ltd.

Location: Victoria, Australia
Commodity: Gold
Project Phases: Project Due Diligence

Client Overview

OCIM Precious Metals SA, headquartered in Geneva, Switzerland, is a global precious metals trading and investment firm specializing in structured financing solutions for the precious metals supply chain. Through its mining arm, OCIM Mining Pty. Ltd., the company invests in mining projects worldwide, focusing on responsible sourcing, environmental compliance, and long-term financial sustainability.

Client Needs

OCIM sought an independent due diligence review of the Pilar Gold Project to validate a prior third‑party assessment and support a potential lending decision. After doubts arose regarding the accuracy of the original report, OCIM required:

• Verification of Resource and Mine Plan Validity: Confirming the technical feasibility and ensuring the project could meet loan repayment terms.
• Gap Analysis of Existing Due Diligence: Identifying omissions or inaccuracies in the previous assessment.
• Environmental and Permitting Review: Evaluating compliance with tailings management, water usage, and regulatory frameworks.
• Early Risk Identification: Highlighting operational and financial risks to de‑risk capital exposure before engagement.

TMG’s Contributions

• Critical Review of Existing Report: Conducted a comprehensive review of the prior due diligence, benchmarking findings against industry standards and current site conditions.
• Site Visit and Problem Analysis: Undertook on‑site evaluations to identify recent operational challenges and confirm technical data against reported conditions.
• Comprehensive Gap Analysis: Highlighted deficiencies in tailings management, water usage, environmental compliance, and permitting documentation, providing a clear understanding of unresolved risks.
• Risk Assessment and Strategic Recommendations: Delivered a top‑down technical and financial review with actionable recommendations to address identified gaps and mitigate risks before capital commitment.

Results

TMG’s updated due diligence provided OCIM with a clearer, more accurate understanding of the project’s risks and opportunities:

• De-Risked Investment Decision: Findings prompted OCIM to withdraw from a high-risk lending arrangement, thereby safeguarding capital and avoiding potential covenant breaches.
• Operational and Environmental Insights: Identified key gaps in environmental and permitting compliance, enabling OCIM to set stricter investment criteria for future projects.
• Financial Impact: Protected approximately $2.54 million in lender capital exposure by recommending withdrawal before further commitments were made.

The Pilar Gold Project due diligence underscores TMG’s role as a trusted partner for lenders and investors, providing unbiased technical reviews and risk assessments to inform high‑stakes financial decisions in the mining sector.