Ferrovanta Mining Services — Implementation Roadmap and Gantt Chart
The phased implementation roadmap and Gantt chart, with key milestones from capital close and fleet mobilisation through contract ramp-up to steady-state operations.
Section 8 · Business Plan
Implementation Roadmap and Gantt Chart
The phased implementation roadmap and Gantt chart, with key milestones from capital close and fleet mobilisation through contract ramp-up to steady-state operations.
8.1 Overview
This section sets out the detailed 72-month implementation roadmap
from financial close through to the start of exit preparation. The plan
is structured into five sequential phases, each with defined
deliverables, dependencies, and key milestones. The Gantt chart below
provides the visual master schedule; Section 8.4 provides the underlying
milestone register.
8.2 Critical Path Analysis
Three workstreams sit on the critical path of the first 18 months and
require active senior management attention from the day of financial
close. Any slippage on these workstreams will compound through the rest
of the plan and erode the value of deployed capital.
- Workstream A — OEM Fleet Delivery: Heavy mining
equipment carries lead times of 9–14 months from order to commissioning.
Framework orders must be placed by Month 3 in order to receive Phase A
deliveries from Month 6 onward. - Workstream B — Anchor Client Mobilisation:
Mobilisation on the Mpumalanga coal contract by Month 9 is essential to
generate first revenue, demonstrate capability, and reduce demand for
unfunded working capital. - Workstream C — Senior Management Hiring: The CEO
and COO must be in place by Month 3 to lead the operational
mobilisation; the SHEQ Officer must be in place by Month 4 to design the
safety management system ahead of first deployment.
8.3 Key Milestones
| Milestone | Owner | Target Month | Status |
|---|---|---|---|
| Financial close — equity and debt | Board / CFO | M0 | Pre-close |
| CEO and COO appointed | Nominations Committee | M2 | Search underway |
| OEM master framework agreements signed | COO / CFO | M3 | Term sheets in negotiation |
| First fleet units arrive at Durban port | COO / Logistics | M6 | Future |
| Primary workshop operational | COO | M10 | Future |
| Mpumalanga coal contract first BCM moved | Regional Ops | M9 | Future |
| First revenue billing | CFO | M10 | Future |
| Phase A fleet (40%) fully delivered | COO | M15 | Future |
| Northern Cape manganese mobilisation | Regional Ops | M18 | Future |
| First annual safety audit completed | SHEQ | M14 | Future |
| Phase B fleet (40%) fully delivered | COO | M24 | Future |
| Limpopo PGM contract commencement | Regional Ops | M28 | Future |
| Botswana subsidiary incorporated and operational | CFO | M30 | Future |
| Zambia subsidiary operational | CFO | M34 | Future |
| Cumulative revenue ZAR 20 bn | CFO | M36 | Future |
| Phase C fleet (20%) fully delivered | COO | M42 | Future |
| Namibia contract commencement | Regional Ops | M46 | Future |
| IPO readiness review complete | Board | M54 | Future |
| Exit-readiness reporting standards in place | CFO / Audit | M60 | Future |
8.4 Dependencies and Risk Triggers
The roadmap depends on a tightly choreographed sequence of
dependencies. The principal dependencies and their associated risk
triggers are summarised below.
- Capital before commitment: Fleet purchase
commitments cannot be made until financial close is achieved. A delay in
close of more than 90 days pushes first revenue back by approximately
the same period. - Permits before mobilisation: Each contracted
operation requires environmental authorisation, water-use license, and
mining permit transfers. Ferrovanta will track each permit through a
dedicated permit-management workstream. - People before fleet: Operators, fitters, and
supervisors must be hired, inducted, and competency-certified before
fleet arrival. The HR plan deliberately leads the fleet delivery
schedule by three months. - Workshop before scale: Site mobile workshops
must be commissioned before fleet arrives on site; primary workshop must
be operational by Month 10 to support the first major service
intervals.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Ferrovanta Mining Services (Pty) Ltd.