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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Episoder(158)

Ep 119: The Dangerous Comfort of One Mine Plan

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Ep 118: Resurrecting Gold Projects - The Data Dilemma

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Ep 117: The Hidden Number That Changes Your Mine Plan. Fresh Thinking by Snowden Optiro

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Ep 116: From Models to Money: Getting Resource Estimates Right

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25 Jun 202514min

Ep 115: What Resource Geologists Need to Know About Mine Planning. Fresh Thinking by Snowden Optiro

Ep 115: What Resource Geologists Need to Know About Mine Planning. Fresh Thinking by Snowden Optiro

In this episode, Dr Gregory Zhang (Resource Geologist) is joined by Hamish Guthrie (Mining Engineer) to explore how resource geologists can better understand and contribute to mine planning. From the ...

19 Jun 202512min

Ep 114: The Cutoff Grade Strategy That Can Boost Your NPV by 20%

Ep 114: The Cutoff Grade Strategy That Can Boost Your NPV by 20%

In this episode of Fresh Thinking, Senior Mining Consultant Pedro Ladeira sits down with Snowden Optiro General Manager Tarrant Elkington to explore the real value behind variable cutoff grades in min...

11 Jun 202522min

Ep 113: Measured? Not so fast!  Fresh Thinking by Snowden Optiro

Ep 113: Measured? Not so fast! Fresh Thinking by Snowden Optiro

In this episode, our Perth based Managing Consultant Susan Havlin chats with our Principal Consultant Jane Levett about some of the common misconceptions that crop up in resource estimation. From doma...

4 Jun 20257min

Episode 112: Financing Mines: The Investment Bank Role. Part 2

Episode 112: Financing Mines: The Investment Bank Role. Part 2

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