Preliminary screening is intended to identify whether a transaction deserves full due diligence, not to produce a final valuation.
Transaction perimeter
The buyer must know whether the proposal concerns shares, assets, a licence, a project interest, equipment, inventory or a combination.
- Selling entity and ownership chain
- Assets and liabilities included
- Existing royalties, security and encumbrances
- Employees, contractors and material contracts
- Required governmental or third-party approvals
Technical and operational screen
Early review should focus on the reliability and completeness of information, not only headline resources or production claims.
- Geological model and data custody
- Resource or reserve basis and assumptions
- Mining method, recovery and processing performance
- Capital, sustaining cost and closure obligations
- Environmental, safety and community liabilities
Decision gate
The output should state proceed, proceed with conditions, request more information or stop.
- Define the legal entity, authorised representative and precise transaction objective.
- Separate public-facing information from confidential technical, corporate and financial evidence.
- Test consistency across titles, quantities, ownership, licence status, location and commercial assumptions.
- Record unresolved questions, third-party verification needs and the decision required from the next counterparty.
- Move to introduction, data room or mandate only when the minimum information standard is met.
How Georgia Mining Industry can support the process
GMI can organise the initial information request, separate public material from protected documents, coordinate preliminary counterparty review, open a controlled introduction or private deal room, and record agreed commercial steps. Every transaction remains subject to written authority, independent technical and legal review, compliance checks and a separately agreed mandate.