EP 156 | Part 3 of 7: Conditional Simulation

EP 156 | Part 3 of 7: Conditional Simulation

In this episode of Fresh Thinking by ‪@SnowdenOptiro‬, Susan Havlin and Ian Glacken explore the fundamentals of conditional simulation and its role in modelling grade variability and uncertainty in mineral resource estimation.

They discuss how simulation differs from traditional methods like kriging and uniform conditioning, why capturing uncertainty is critical for modern mining decisions, and how multiple realizations can provide valuable insight into upside and downside risk.

The conversation also touches on practical challenges, including reporting to the market and integrating uncertainty into mine planning workflows.

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Avsnitt(158)

6 - Declustering - what is the true grade?

6 - Declustering - what is the true grade?

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6 Mars 201910min

5 - Reconciliation

5 - Reconciliation

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4 - Politics and Ideology of Resource Estimation (part 2)

4 - Politics and Ideology of Resource Estimation (part 2)

Mineral resource estimation produces a model of deposits for extraction and is made up of various complex processes. In part two of this two-part series, Optiro's Director of Geology Ian Glacken discu...

6 Feb 201912min

3 - Politics and Ideology of Resource Estimation (part 1)

3 - Politics and Ideology of Resource Estimation (part 1)

Mineral resource estimation produces a model of deposits for extraction and is made up of various complex processes. In part one of this two-part series, Optiro's Director of Geology Ian Glacken discu...

23 Jan 201912min

2 - Reasonable Prospects of Eventual Economic Extraction

2 - Reasonable Prospects of Eventual Economic Extraction

Reporting the right information to investors is critical. The three main codes around the world that govern resource estimation and reporting to the market all contain references to RPEEE, or Reasonab...

16 Jan 201910min

1 - Top Cuts

1 - Top Cuts

When you're creating a resource estimate you need to be sure that you haven't relied on outlier samples. Top cutting (or capping) is a method you can use to reduce the impact of individual samples and...

9 Jan 201910min

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