EP 175 | Why Resource & Reserve Reconciliation Matters

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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Avsnitt(175)

EP 176 | Evolving Air Quality Regulations: A Catalyst for Electric Machine Adoption

EP 176 | Evolving Air Quality Regulations: A Catalyst for Electric Machine Adoption

Changing workplace exposure limits could become an important driver of battery electric vehicle adoption in underground mining. In this episode of Fresh Thinking by ‪@SnowdenOptiro‬, Hamish Guthrie is...

23 Sep 8min

EP 174 | Platinum: Is It Worth Its Weight in Gold?

EP 174 | Platinum: Is It Worth Its Weight in Gold?

Platinum is one of the world's rarest and most geographically concentrated metals, with applications spanning the automotive, industrial, jewellery and emerging hydrogen sectors. But what does its evo...

10 Sep 11min

EP 173 | The Theory of Sampling: Why Every Mining Decision Begins with a Representative Sample

EP 173 | The Theory of Sampling: Why Every Mining Decision Begins with a Representative Sample

Was the sample representative? Every geological model, resource estimate, grade control decision and reconciliation result ultimately depends on the quality of the samples behind it. In this episode o...

2 Sep 8min

EP 172 | Tailings Are Not Just Relocated Ore: The Nuances of Tailings Mineral Resource Estimates

EP 172 | Tailings Are Not Just Relocated Ore: The Nuances of Tailings Mineral Resource Estimates

Tailings Mineral Resource Estimates can appear straightforward. The material has already been mined, crushed, processed and deposited in one location — but tailings facilities present their own unique...

26 Aug 13min

EP 171 | Part 2 of 2: Managing Uncertainty - How Better Grade Control Leads to Better Decisions

EP 171 | Part 2 of 2: Managing Uncertainty - How Better Grade Control Leads to Better Decisions

In Part 2 of our Fresh Thinking by @SnowdenOptiro  two-part series, host Melanie Bully is joined by Senzeni Matondi to continue the discussion on why the most expensive mistake in grade control isn't ...

19 Aug 6min

EP 170 | Part 1 of 2: Why the Most Expensive Mistake in Grade Control Isn't Low Grade

EP 170 | Part 1 of 2: Why the Most Expensive Mistake in Grade Control Isn't Low Grade

What if the most expensive mistake in grade control isn't mining low-grade material — but making the wrong decision about what is ore and what is waste? In this two-part episode of Fresh Thinking by S...

12 Aug 4min

EP 169 | Why Good Estimates Can Still Produce Poor Reconciliation

EP 169 | Why Good Estimates Can Still Produce Poor Reconciliation

If your resource model is statistically robust, why doesn't it always reconcile with production? In this episode of Fresh Thinking by Snowden Optiro, Melanie Bulley and Senzeni Mandava Matondi explore...

6 Aug 6min

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