EP 158 | Part 5 of 7: Understanding Uncertainty in Mineral Resource Estimation

EP 158 | Part 5 of 7: Understanding Uncertainty in Mineral Resource Estimation

In this episode of Fresh Thinking by ‪@SnowdenOptiro‬, Susan Havlin and Ian Glacken discuss uncertainty in mineral resource estimation and how Localised Conditional Simulation (LCS) provides a more practical framework for analysing geological risk and variability. The conversation explores:

  • Conditional simulation and uncertainty
  • Resource classification
  • Simulation versus kriging
  • Risk-qualified mine planning
  • Why preserving variability matters

Listen now to learn how modern geostatistical approaches are shaping the future of resource estimation.

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Jaksot(158)

38 - Categorical Kriging - what is it and when does it work? Part 1 of 2

38 - Categorical Kriging - what is it and when does it work? Part 1 of 2

This is the first podcast in a 2-part series that covers Categorical and Multiple Indicator Kriging, which is an increasingly popular mineral resource estimation technique. In this podcast, Optiro's G...

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37 - Classifying mineral resources

37 - Classifying mineral resources

The JORC code does many things, but it doesn't prescribe how to consistently classify resources. Optiro's Director of Geology Ian Glacken explains some of the techniques available to ensure consistenc...

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36 - ASX Market Releases

36 - ASX Market Releases

There are plenty of ways to get it wrong and having to retract your ASX market release is best avoided. Optiro's Director of Geology Ian Glacken explains how to stay compliant to the rules in this fou...

11 Touko 202017min

35 - Table 1

35 - Table 1

Podcasts in the time of COVID-19. The name isn't a mistake: Optiro's Director of Geology Ian Glacken is talking about Table 1 of the JORC code, why it is there, misconceptions about it and how it can ...

27 Huhti 202013min

34 - Metal Equivalents

34 - Metal Equivalents

Reporting your resource using metal equivalents is acceptable practice, if you follow the rules. In this episode, the second in a mini-series about misinterpretation of the JORC code, Optiro's Directo...

13 Huhti 202017min

33 - RPEEE: is all hope lost?

33 - RPEEE: is all hope lost?

Recent research undertaken by Optiro's Director of Geology, Ian Glacken, shows there are a number of reports on resources being made to the market that are based on tenuous assumptions. This episode i...

30 Maalis 202014min

32 - The resource model "sniff test"

32 - The resource model "sniff test"

Now that you've built up your resource model from the data it's time to submit it to the Bernard Schneider test. Optiro's Principal Geologist Mark Drabble explains some of the checks you need to perfo...

16 Maalis 202017min

31 - From data to resource model

31 - From data to resource model

Interpreting data can be a daunting task and 'good luck' probably isn't enough to get you through! So Optiro's Principal Geologist Mark Drabble shares tips on how to get to the right answers in your r...

2 Maalis 202026min

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