Try our course finder tool

Subject overview

This subject has been discontinued; it will not be available for enrolment after Study Period 5, 2023.

This subject examines finance and its application in the mineral and energy sectors. It provides a basic understanding of fundamental technical concepts and terminology associated with the resource sector and energy markets with a focus on geology, exploration and mining methods, processing techniques and commodity markets. Students learn how to incorporate these concepts to financially evaluate resource sector projects, undertake project valuations and consider risk and uncertainty. Finally, students work through a case study and construction of a discounted cash flow valuation model of a current resource project.

For more information, please refer to the subject outline.

Subject information

Learning Outcomes

On successful completion of this subject, individuals should be able to:

  • Examine the geological processes that lead to the formation of mineral and hydrocarbon deposits.
  • Review the basic techniques of extraction and mineral processing of natural resources and the impact of various methods on the cost structure of an operation.
  • Conduct independent research and evaluate various sources of information to analyse the structure of the commodities market and the various supply and demand factors that impact upon the pricing of resource sector commodities.
  • Investigate, analyse and synthesise complex information to evaluate the feasibility of a resource and energy project.
  • Formulate a valuation of a listed company in the resource and energy sector and communicate the findings to clients.


Subject Content

Topic 1Introduction to Australian natural resource sector and investment analysis
Topic 2Geology and exploration
Topic 3Mining methods and mineral processing
Topic 4Oil and gas industry
Topic 5Primary energy economics
Topic 6Alternative and secondary energy markets
Topic 7Mineral markets and pricing
Topic 8Valuation and modelling
Topic 9Case study- Reserves, project definitions and project cash flows


Reading list

Prescribed text

  • Rudenno, V 2012, The mining valuation handbook: Mining and energy valuation for investors and management, 4th edn, John Wiley & Sons, Milton, Qld. ISBN 9780730377078.

Retailers of educational books include Co-op Bookshop and Boffins Bookshop. Texts can also be borrowed from the Kaplan library or other libraries. Details of required and further reading are provided in the subject room. Purchase of any text other than a prescribed text is not required.

Reading list


Assessment TypeDescriptionAssessedWeighting
TaskCommentary and evaluation of current topic in the energy sectorWeek 410%
ExamMultiple choice examWeek 640%
AssignmentShort-answer and Excel-based modelling questions in response to a case studyWeek 1250%

Previous study requirements


12 weeks


There are no prerequisites for this subject. However please review the Assumed Knowledge tab to understand the prior knowledge Kaplan advises you should hold before enrolling in this subject.

Assumed knowledge

Whilst there are no prerequisites for this subject, Kaplan assumes that individuals have completed FIN203 Fundamentals of Equity Markets and FIN205 Business Valuation, or understand the content covered in those subjects, prior to undertaking FIN327 Natural Resource Equity Analysis.

Course transition subject equivalence

Individuals are not required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects within the course completion timeframe:

  • E132 Mining Investment Analysis
  • FIN227 Mining Investment Analysis
  • FIN327 Mining Investment Analysis
  • FIN327 Natural Resource Equity Analysis

For more information on the previous versions please click here.

Programs you might be interested in


Master of Financial Planning

Our online, FAS-approved Master of Financial Planning is a purpose-built higher education qualification set at AQF level 9. It’s designed and developed in consultation with industry experts, and combines advanced technical rigour with practical and relevant performance-focused learning outcomes.

Master of Applied Finance

Leading online degree designed for ambitious and savvy individuals who are looking for advanced academic rigour, but thrive on practical and real-world learning immediately applicable in the workplace, and directly relevant to future career roles. It caters to experienced finance professionals and those transitioning into the field, integrating learning outcomes with pathways for further accreditation such as a CFA®.

Graduate Diploma of Financial Planning

An eight-subject postgraduate qualification set at AQF Level 8 and FAS approved. Includes the first eight subjects of the FAS-approved Master of Financial Planning.

Related articles

Why Australian finance professionals are choosing Kaplan Professional’s Master of Applied Finance | Kaplan Professional

Kaplan Professional's 100% online Master of Applied Finance (MAF) program offers more flexibility, new specialisations and new subjects.

How to prepare for an online proctored exam

With online courses being one of the most convenient ways to study, online proctored exams have also become a popular option among education providers and students.

Fitting postgraduate study into a busy life

In this article, we’ve put together some tips for balancing study and work to help guide you.