Pre-feasibility and feasibility studies generally give rise to deductions under s. 9.
The following are deductible under s. 9 if incurred before making a decision to bring the mine into production (otherwise generally Class 41 or 41.2 assets or other depreciable property, or Class 14.1 if the property is not acquired – or CDE under para. (c.2) re the 1st or 5th item if to bring a new mine into production):
- Mine design or development studies
- Evaluation of transportation from the mine to the processing plant
- Evaluation of different technically feasible options for processing
- Process engineering studies
- Estimates of capital and operating costs