The model lives in spreadsheets.
Schedule in Project, cost in Excel, financials in a different Excel. Changes break the chain. Nobody trusts the bottom line.
A Mventech platform — built on global mining delivery
The mine economic model, integrated.
meo · pronounced “mee-oh”
MEO is the mine economic modelling platform for capital project evaluation. Schedule, cost, fleet, labour and cash flow in one connected model — built so studies hold up to scrutiny.
Practitioner-built · Mventech-delivered
Trusted by mining and resources teams
4 continents | delivered
$50M+ CAPEX scope baseline
14 days | to first model
The problem
The model is in five places. Decisions still aren't.
Studies take months.
Every iteration rebuilds the workbook. Sensitivity analysis is a heroic effort, not a routine one.
No way to defend the number.
When the board asks why the IRR moved, the trail is in three people's heads and a folder of v17 files.
Resource and fleet sizing is gut-feel.
Headcount and equipment decisions worth tens of millions get made on instinct because the integrated model doesn't exist.
The platform
Three pillars. One model. Built for capital projects.
// Pillar 01 — MEO Design
Design the mine, not the spreadsheet.
Build the project as a graph of components on a canvas. Pull in DXF geometry and block models. Every component has parameters; every parameter feeds the calcs.
- Component-based canvas — orebody, pit, decline, stockpile, plant
- DXF import & 3D builder
- Block-model analyser
- Visibility groups for scenario comparison
- One
.meoproject file for the whole study
For: Mine Planners · Technical Services · Study Managers
// Pillar 02 — MEO Schedule & Operate
One schedule. Every downstream number, live.
Run the mining simulation, and grade, ore-processing, stockpile, fleet and labour update with it. Move a phase, and the cash flow moves with it.
- Time-phased mining simulation engine
- Grade profile heatmaps across time and space
- Ore-processing & stockpile components
- Fleet sizing tied to the schedule
- Crew composition & efficiency modelling
For: Mine Planners · Mining Engineers · Production Engineers
// Pillar 03 — MEO Cost & Decide
Cost it. Discount it. Defend it.
Opex and capex flow from the model, not from a side spreadsheet. NPV and IRR are first-class outputs. Results are aggregated, charted, and exportable for the board.
- Component-driven opex & capex
- Cash flow, IRR & NPV
- Results aggregation across all modules
- Chart and table exports
- Auditable from input parameter to bottom line
For: Project Controllers · Commercial Managers · Project Directors · CFO/COO
How it works
We deliver the model. You make the decisions.
01
30-minute call
Scope
We learn your project, your study calendar, and the decisions waiting on the model. You get a fixed scope and price.
02
Your project, modelled
Build
We stand up your .meo project with your geometry, your block model, your cost basis, and your team's parameters. Modules are activated only where you need them.
03
Connected to your data
Integrate
DXF, block models, schedules from P6, cost bases from SAP/Excel. Read-only where possible; your source systems don't change.
04
Hand-over in week two
Yours
We train your team and hand over the project file and the licence. Mventech stays on as managed support.
Your data never leaves your environment. MEO runs on the desktops you already control.
Fixed scope. Fixed price. Fixed timeline. If we scope it, we deliver it.
Why study teams pick us
Spreadsheets and consultants weren't built for this.
| Job to be done | The DIY / spreadsheet route | MEO |
|---|---|---|
| Setup | You build the model from scratch every study | Component-based model out of the box |
| Internal capability | Excel power user + scheduler + financial modeller, in lockstep | One platform; one project file |
| Templates | Recreated per study | Mining-native components and KPI frameworks pre-loaded |
| Defensibility | Tribal knowledge in v17 of a workbook | Versioned, auditable, single source of truth |
| Resourcing & fleet | Gut-feel; rebuilt every study | Fleet and labour modules linked to schedule |
| What it feels like | A folder of spreadsheets | A product |
By Mventech
By Mventech.
MEO is built and maintained by Mventech — a global mining technology and engineering group delivering management, engineering and operational excellence across base metals, precious metals, and coal.
Founded in 2018, headquartered in South Africa with delivery on the ground across four continents. We didn't build MEO to sell software — we built it because we kept needing it ourselves on the studies we deliver.
More about Mventech 2018 Founded
4 continents — Active delivery
∞ Mining-native — Built by engineers, modellers, and project leaders
The cost of the alternative
What you're paying for when you don't use MEO.
The spreadsheet / consultancy route
Months per study iteration
Workbook rebuild every time scope shifts
Hundreds of consultant hours
Sensitivity analysis by manual labour
Numbers nobody can defend
Different model in different rooms
No reusable IP
Every study starts from blank
Brittle to people leaving
Knowledge walks out the door
MEO
Days, not months, per scenario
Move a parameter, model updates
Predictable engagement, predictable cost
Fixed-scope onboarding, then licence + support
One model, one number, one trail
Audit from input to IRR
Mining IP pre-loaded
Components, KPIs, frameworks ship with the platform
Platform outlives the team
Managed, versioned, documented
14 days — to first model
1 project file per study
0 workbooks to reconcile
See it on your project.
Book a 30-minute walkthrough. We'll show you the platform on a sample mining project — and what it would look like with your geometry, your numbers, your study.