Question 1

What is Peony, and is it a good fit for mining companies, streaming and royalty investors, and JV partners?

Accepted Answer

Yes. Peony is a virtual data room that mining companies, royalty investors and JV partners use to share technical reports and drill data under NDA, see who opens each file and hold large geological files. Peony is trusted by 200+ energy, mining and infrastructure companies. Data Room, the most popular plan, is $52 per admin per month billed yearly, with unlimited rooms and storage; inviting partners is free and unlimited.

Question 2

What is the best data room for mining and resources sector M&A?

Accepted Answer

For mining and resources M&A, choose a room with no storage meter or per-file cap, a signed NDA and watermark per bidder, and page-level analytics at a flat price; Peony Data Room has all four. Mining rooms carry large files (drillhole databases, block model exports, core photos, geophysics and drone video), so a per-page, per-gigabyte or per-project meter turns a bigger technical package or a longer process into a bigger bill. On Peony's Data Room plan ($52 per admin per month billed yearly, $75 monthly), rooms, documents and storage are unlimited with no per-file size cap, bidders and lenders view free, and one subscription covers a sale, a farm-out and a financing at once, so a lean team of one or two admins can run them all. Each bidder signs its own NDA and gets its own watermark, permissions and Q&A team; page-level analytics show who studied the resource model; bidders read PDFs, spreadsheets, images and video in the browser with no download; and Upload new version keeps an updated estimate or assay table at the same link. Getting started takes minutes: the median time from sign-up to first uploaded document is 4 min 19 s (State of M&A Data Rooms, Q3 2026 edition). Support runs 24/7, and everyone you speak to on Peony support has M&A experience at elite boutiques or bulge-bracket banks, VC experience, or has raised $1M+ themselves. Peony has had no data breach since launch. Teams with a security review to pass can move to Deal Team for OAuth SSO and a standard DPA on request, or to Enterprise for SAML SSO and custom data residency. The pricing models are compared in our virtual data room cost guide.

Question 3

What is mining due diligence, and where does a data room fit?

Accepted Answer

Mining due diligence is how buyers, partners and lenders test a project's title, resource estimate and drill data; Peony's Data Room plan ($52/admin/mo billed yearly) runs it with signed NDAs, per-bidder watermarks and unlimited storage. It covers tenure, the technical report and resource estimate, drilling and assay QA/QC, metallurgy, permits, community agreements and the financial model. The data room is where that work happens: the seller loads the technical package once, and each bidder's geologists, engineers, counsel and lenders review it under their own NDA, see only the folders released to them, and leave a page-by-page record of what they read. On Peony, bidders and lenders join free and read reports, tables, images and video in the browser with no download, and there is no per-file size cap for drillhole databases, model exports and core photos. AI document Q&A (Business and above) answers questions such as the indicated resource for a zone with citations to the exact page, and Visitor Q&A (Data Room) gives each bidder its own question team; Deal Team ($64, minimum 4 admins) adds expert-and-approver routing. Your documents aren't used to train AI: Peony's LLM providers work under data-handling agreements that prohibit training on customer content. The corporate and legal folders are in our due diligence data room checklist.

Question 4

What documents should go in a mining project data room?

Accepted Answer

A mining project data room should hold the technical report, drill and assay data, geology, metallurgy, tenure, permits, community agreements, contracts and financials; Peony's AI room generation drafts that folder tree on Data Room ($52/admin/mo). Nine folders cover most mining sales, farm-outs and financings: corporate and tenure, technical reports, drilling and assays, geology and geophysics, metallurgy and mining, environment and permits, community and land access, commercial agreements, and financials. The filed NI 43-101, JORC or S-K 1300 report, with any PEA, pre-feasibility or feasibility study, anchors the room, and the data behind it (collar, survey, assay and lithology tables, QA/QC reports, model exports and core photos) sits beside it so each bidder's technical team can test the estimate. In Peony, AI room generation drafts the tree from a one-line description of the deal, Index documents numbers every folder and file, and each folder is set to No access, View, Download or Upload per group, so bidders, JV partners and lenders each see only the folders for their stage of review. On Data Room ($52 per admin per month billed yearly, $75 monthly) storage and file size are unlimited, so the drillhole database, Leapfrog, Vulcan or Datamine exports (as ZIP archives) and drone video sit in the same room; PDFs, JPG and PNG images, CSV tables and video open in Peony's own viewer. The format-by-format guide is our geological data room page.

Question 5

Can I try Peony before I pay?

Accepted Answer

Yes. Peony's Data Room plan has a 7-day free trial you start yourself, with no credit card, and it never converts to paid on its own. Rooms, files, links, analytics and NDA settings carry over when you upgrade. AI features, such as AI document Q&A and AI room generation, switch on once you're on a paid plan. Book a demo to see them first.

Question 6

What is a mining data room?

Accepted Answer

A mining data room is a secure online workspace where a mining company or its adviser shares technical reports, drill data, tenure, permits and financial models with bidders, JV partners, investors and lenders under NDA. It replaces email and shared drives at the point a project becomes confidential: access sits behind an NDA, each party sees only the folders you grant, and every open is recorded. Juniors run one for a farm-out, financing or project sale; mid-tiers and majors run them for divestitures and acquisitions; streaming and royalty investors and project lenders run them for buy-side diligence. On Peony's Data Room plan ($52 per admin per month billed yearly), storage and file size are unlimited, so the drillhole database, model exports and core photos sit beside the NI 43-101 or JORC report. The format-by-format guide is our geological data room page.

Question 7

How much does a mining data room cost?

Accepted Answer

On Peony, mining data rooms run on Data Room at $52 per admin per month billed yearly ($75 monthly), with unlimited rooms, documents and storage, and bidders, partners and lenders view free. Business ($30 per admin per month billed yearly, $44 monthly) covers 3 rooms per admin and 100 GB of storage with no per-file size limit, which suits an explorer sharing a first, smaller package. Free ($0) covers tracked single-file links (50 documents, 500 MB) but not data rooms. You pay per admin, not per viewer, per page or per gigabyte, so a 30-party bid process or a 10-lender syndicate adds nothing, and one admin running a sale, a farm-out and a financing at once pays $624 a year on Data Room. Legacy virtual data room providers charge mining companies significantly more than modern alternatives. Datasite and Intralinks typically charge $25,000 to $50,000 or more per deal, plus per-page upload fees and per-user surcharges that scale with the number of bidders reviewing your data room. Ideals charges $15,000+ per project, and most legacy providers require multi-week setup and training periods. A junior explorer running a project financing with 50 potential investors pays the same $30 per admin per month on the Business plan regardless of how many parties access the data room, versus $15,000+ per deal at a legacy provider. Peony also includes AI-powered document chat at no extra cost, plus a structured Visitor Q&A workflow on the Data Room plan — features that legacy providers either don't offer or charge separately for. Per-page and per-project VDRs bill each process separately; our virtual data room cost guide compares the pricing models.

Question 8

Is there a storage or file-size limit for drillhole databases, block models and core photos?

Accepted Answer

Peony has no per-file size limit on any plan, and on the Data Room plan ($52 per admin per month billed yearly) storage, documents and rooms are unlimited too, so the whole technical package goes in one room. Business includes 100 GB of storage, and Peony charges no storage or per-gigabyte fees on paid plans. Bidders read PDFs, Excel and CSV tables, images and MP4 video in the browser with no download. Model and database exports from Leapfrog, Vulcan or Datamine upload as ZIP archives under the same folder permissions and download settings as every other file; large maps and plans read best as PDF, which opens in Peony's own viewer and keeps the viewer's watermark on download. See unlimited storage and the geological data room format guide.

Question 9

Can Peony run a bid or tender process for a mining asset?

Accepted Answer

Yes. Peony runs a mining sale or tender from one room: each bidder gets its own link behind a signed NDA, sees only the folders you release and asks questions in its own Q&A team. Put the teaser and process letter in a folder every approved party sees, release the technical data and financial model to shortlisted bidders, and open the site-visit and agreement folders to the final round. Page-level analytics show which bidder studied the resource estimate and the mine plan, Hide new content by default keeps late uploads private until you grant them, and switching a group off ends a dropped bidder's access at once. The signed NDA, granular permissions, dynamic watermarks and Visitor Q&A are on the Data Room plan ($52 per admin per month billed yearly); Deal Team ($64, minimum 4 admins) adds expert-and-approver routing for answers. Bidders join free, with no account.

Question 10

How do I stop geological data and assay results leaking during a sale?

Accepted Answer

Gate the room with a signed NDA, stamp every page with each viewer's identity, block downloads and screenshots, and give each party only the folders it needs; Peony's Data Room plan does all four. For a listed junior, unreleased drill and assay results can be material non-public information, so the record of who saw them matters as much as the lock. Dynamic watermarks print the viewer's name, email, IP address and time on every page, and a downloaded PDF keeps the watermark, so share assay certificates and sections as PDFs when downloads are on. Screenshot protection blocks capture shortcuts and screen recording on supported desktop browsers from Business; Screenshield on Data Room extends it to iPhone, iPad and Android with a fence view that shrinks what can be captured. Email verification confirms each viewer, two-factor authentication (2FA) adds a second verification step for access to the most sensitive technical data, link-level controls add download restrictions and per-recipient passwords, link expiry and the group switch cut access when a bidder drops out, and the audit trail keeps a timestamped record of every file each person opened. Documents are protected with AES-256 encryption at rest and TLS 1.3 in transit on infrastructure that is SOC 2 Type II-ready and ISO 27001-ready, with both audits underway, and Peony staff can't open them. Peony is GDPR, CCPA, and HIPAA compliant.

Question 11

What are NI 43-101, JORC and S-K 1300 reports, and where do they sit in a data room?

Accepted Answer

NI 43-101 (Canada), the JORC Code (Australia and New Zealand) and S-K 1300 (SEC registrants) are the disclosure standards for mineral projects, each relying on a qualified or competent person. In a sale, farm-in or financing data room, the current technical report is the anchor document, and the data behind it sits beside it: drillhole collar, survey, assay and lithology tables, QA/QC reports, the resource block model and the qualified person's site-visit notes. Bidders' technical teams use the room to test the published estimate against that data. Put the filed report in a folder every approved party sees, keep the underlying data and any unpublished drilling in a second tier for shortlisted parties, and use Upload new version when the report or database is updated, so every party lands on the current file at the same link. Peony's audit trails record every view, download, print, and signature on NI 43-101 documents with timestamps and IP addresses, providing compliance-ready logs that prove exactly who accessed technical disclosures and when — critical during securities reviews, project financings, and M&A transactions. Peony is the controlled sharing layer for these files; your qualified person and your disclosure process stay responsible for what the reports say.

Question 12

How do I give several bidders or JV partners different access to the same project?

Accepted Answer

In Peony, put each bidder or partner in its own group and set every folder to No access, View, Download or Upload for that group; one room then serves them all. A farm-in candidate can see the tenements in its option area while a buyer for the whole project sees everything, and the independent engineer gets download rights the bidders don't. No access hides a folder entirely, so even its file names stay private. Each group carries its own NDA, watermark, expiry and screenshot settings and its own analytics, and a question team keeps each party's questions and answers away from the others. Granular permissions and Visitor Q&A are on the Data Room plan ($52 per admin per month billed yearly), which includes unlimited rooms if you'd rather give each partner a room of its own; Duplicate a data room copies the files and folders into a fresh room with clean analytics.

Question 13

How does AI help with mining due diligence and bidder questions?

Accepted Answer

Peony's AI document Q&A speeds mining due diligence by answering plain-English questions across the whole room, such as the indicated resource for a zone or which permits expire first, with citations to the exact page. A bidder's geologist can ask “What is the indicated resource estimate for Zone B?” or “Which permits expire before 2028?” and jump straight to the cited page. It is on Business and above, you can switch it on per group so a bidder's technical team can use it too, and it answers from your documents only, not from the open internet. Bidder questions that need a person go through Visitor Q&A on the Data Room plan: each bidder asks in its own question team, your team gets an email for every new question and publishes vetted answers, and a process-wide answer can go to every bidder at once without revealing who asked. On Deal Team, a question can be routed to an expert, such as your geologist or metallurgist, and to an approver before the answer is released. Your documents aren't used to train AI: Peony's LLM providers work under data-handling agreements that prohibit training on customer content. AI features, such as AI document Q&A and AI room generation, switch on once you're on a paid plan.

Question 14

Can environmental, permitting and community documents be shared with regulators and stakeholders?

Accepted Answer

Yes. In Peony, environmental studies, permits, closure plans and community agreements sit in their own folders, each regulator, agency or community adviser gets its own group, and every file each person opens is recorded. View-only access keeps baseline studies, water and tailings reports and closure cost estimates in the room, and the Upload level lets a consultant or agency return comments into a folder you set up. Environmental impact assessments (EIA), water use permits, tailings management plans, and mine closure bonds all require multi-party review with complete audit trails proving who reviewed which sections and when — a requirement that generic file-sharing tools cannot meet. Peony provides page-by-page analytics showing exactly which pages of your environmental documents regulators, environmental agencies, and indigenous community stakeholders focused on, with exportable timestamped logs that satisfy compliance requirements across jurisdictions, and the CSV export on the Analytics tab (Business and above) gives you views, sessions and downloads for your records. Granular permissions, the Upload level and the audit trail are on the Data Room plan ($52 per admin per month billed yearly). Peony is the controlled sharing layer for these documents; your permitting record and regulators' own portals stay the official filing.

Question 15

Can Peony staff see our geological data?

Accepted Answer

No. Peony staff can't open, move or edit the documents in your room; they see account-level information only, such as usernames, NDA signing status and account status. Your documents aren't used to train AI: Peony's LLM providers work under data-handling agreements that prohibit training on customer content. Documents are encrypted with AES-256 at rest and TLS 1.3 in transit, and viewers read documents in the browser; files never leave Peony unless you allow downloads on a link. Peony has had no data breach since launch.

Question 16

What support does Peony give a mining deal team in the middle of a process?

Accepted Answer

Peony support runs 24/7, handled directly by the Peony team across Europe, US and Asia hours, with no outsourced tier. Everyone you speak to on Peony support has M&A experience at elite boutiques or bulge-bracket banks, VC experience, or has raised $1M+ themselves. That matters when a Perth seller, a Toronto bidder and a London lender are working the same room across time zones, or when a bidder can't open a file the night before final bids. Reach the team through in-app chat or by email; email replies come within 24 hours on Data Room and within 12 hours on Deal Team. Deal Team adds priority support and a dedicated account manager.

Question 17

Is Peony ready for a major miner's IT and security review?

Accepted Answer

Yes. Peony's Deal Team plan adds OAuth SSO, API access, room archive download and a standard DPA with SCCs on request, and Enterprise adds SAML SSO, BYOK, custom data residency and self-hosted deployment. Peony is SOC 2 Type II-ready and ISO 27001-ready, with both audits underway. Peony has had no data breach since launch. Peony's incident-response policy commits to telling affected customers within 72 hours of confirming an incident that affects customer data. Admins sign in with an emailed one-time code or Google, with no password fallback. Data is hosted on AWS in the US (us-east-1), with EU-region hosting on Enterprise. Deal Team is $64 per admin per month billed yearly, with a minimum of 4 admins; Enterprise is custom. See compliance and certifications.

Pricing model	What you pay for	What happens on a mining room
Per page	Pages uploaded, usually with storage, users and extensions on top	Drill logs, assay certificates and sections add pages, so the technical package drives the bill.
Per project	Each process for a fixed term, sized by data volume	A sale, a farm-out and a financing are three projects, and running past the term is priced as a new one.
Storage tier	Gigabytes per room per month	The drillhole database and model exports push the room into higher tiers.
Per admin (Peony)	Admins on your team	Unlimited rooms, documents and storage on Data Room at $52 per admin per month billed yearly; bidders, partners and lenders free.

The mining data room for project sales, JVs and financings

What is Peony's mining data room, and who is it for?

Peony at a glance

Which mining teams use a data room, and for what?

Juniors and explorers

Mid-tier and major miners

Streaming and royalty investors

Project lenders and mining finance

Advisers running the process

What does Peony do for a mining sale, farm-out or financing?

Keep the drill results inside the room

See which bidder studied the resource model

Hold the whole technical package in one room

AI document Q&A

Q&A team per bidder

Live HTML models

Hide new content by default

Built-in e-signatures

Your brand on every room

Compliance-ready logs

2FA for sensitive data

What is mining due diligence, and where does a data room fit?

How does Peony handle bidder questions during mining due diligence?

The bidder asks inside the room

Your team finds the source

Draft and sign off

Publish once, keep the record

Which Peony plan fits mining due diligence?

How do I set up a data room for an exploration project?

Create the room and its folder tree

Upload the technical package

Set a group per partner

Gate and stamp each group

Send links and follow the reading

How does Peony run a mining asset sale or tender, from teaser to close?

Teaser and NDA

Technical data review

Site visit and final bids

Agreement and close

What documents should go in a mining project data room?

Corporate & tenure

Technical reports

Drilling & assays

Geology & geophysics

Metallurgy & mining

Environment & permits

Community & land access

Commercial agreements

Financials

How do bidders, JV partners, lenders and the independent engineer see different files in one room?

All approved bidders

Shortlisted bidders

JV or farm-in candidate

Syndicate lenders

Independent engineer or qualified person

Counsel

What is the best data room for mining and resources sector M&A?

What drives the bill on a heavy mining room?

Why is buy-side diligence the workflow legacy VDRs were never priced for?

Unlimited buy-side rooms

35 GB+ deal data, no per-page billing

NDA gates for syndicate partners

What does a mining data room cost on Peony?

Frequently asked questions