EP 175 | Why Resource & Reserve Reconciliation Matters
Fresh Thinking by Snowden Optiro17 Aug

EP 175 | Why Resource & Reserve Reconciliation Matters

In this episode of Fresh Thinking by Snowden Optiro, Rayleen Hargreaves, Principal Consultant at Datamine and Product Owner of Reconcilor, talks with Ian Glacken, Executive Consultant at Snowden Optiro, about the importance of reconciling mineral resources and reserves across the mine value chain.

Resource and reserve reconciliation is often given less attention than the production stages of the mining process, yet it provides an important link between what a company reports, what it plans to mine, and what is ultimately produced.

Rayleen and Ian discuss:

  • The role of resources and reserves in the mine value chain
  • The differences between mineral resources and mineral reserves • Why resource and reserve reconciliation is important
  • The value of monthly reconciliation and early warning indicators
  • Why reserves need to be represented as a model that can be depleted
  • How to approach reconciliation when mining occurs outside the reported reserve
  • The relationship between resource, reserve and grade control reconciliation
  • The growing importance of transparency and reconciliation in reporting codes

The discussion also considers potential changes to the JORC Code and the role that resource and reserve reconciliation could play in improving transparency for companies, shareholders and other stakeholders.

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