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)

22 - Recoverable resources (part 1)

22 - Recoverable resources (part 1)

Geologists need to make predictions about how much can be extracted from an ore body based on limited data. What can you do to confidently report on the likely tonnage and grade? In part one of this t...

14 Loka 201919min

21 - Underground grade control and sampling

21 - Underground grade control and sampling

Underground grade control is different from open pit grade control and to take you through the depths of their experiences, Optiro's Director of Geology Ian Glacken and geometallurgist Simon Dominy di...

30 Syys 201910min

20 - Coarse gold sampling and assaying

20 - Coarse gold sampling and assaying

It is visually very attractive, but getting an accurate grade for coarse gold isn't straight forward. If you've used the wrong techniques, your estimate could be way off. World expert in this field Si...

16 Syys 201915min

19 - What is geometallurgy?

19 - What is geometallurgy?

The relatively new practice of geometallurgy is giving miners an additional tool to employ in their search for viable mineral reserves. Dr. Simon Dominy, an old friend of Optiro's and a leading geomet...

2 Syys 201916min

18 - Relationships matter

18 - Relationships matter

Consulting as a geologist in the mining industry is a very rewarding career, but what about the clients?! How can a great relationship with a client make a job successful, or a terrible relationship m...

19 Elo 201912min

17 - Due Diligence Tips and Traps (part 4 of 4)

17 - Due Diligence Tips and Traps (part 4 of 4)

Due Diligence is an important process to undertake when acquiring a mineral asset, but how do you know if you're getting it right and if it's protecting you from issues down the line? In this episode,...

6 Elo 201920min

16 - Due Diligence Process (part 3 of 4)

16 - Due Diligence Process (part 3 of 4)

Due Diligence is an important process to undertake when acquiring a mineral asset, but how do you know if you're getting it right and if it's protecting you from issues down the line? In this episode,...

23 Heinä 201914min

15 - Scoping Due Diligence (part 2 of 4)

15 - Scoping Due Diligence (part 2 of 4)

Due Diligence is an important process to undertake when acquiring a mineral asset, but how do you know if you're getting it right and if it's protecting you from issues down the line? In this episode,...

9 Heinä 201914min

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