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SC3: A Practical Guide to the Fundamentals of Mineral Resource Estimation

February 10, 2022 @ 9:00 am PDT - February 11, 2022 @ 1:00 pm PDT

Zoom (Ticket Required)

Speakers

February 10, 2022 @ 9:00 am February 11, 2022 @ 1:00 pm

Mineral Resources, and their subsequent conversion to Mineral Reserves, are of key importance to mining companies and to the mineral industry. Their reliable estimation is critical to the confidence in a project, its underlying economics, and the day-to-day operation of a mine. This short course focuses on the practical aspects of resource estimation and includes easy to follow guidelines for navigating the principal decision points in a resource estimation workflow, including:

  • The resource database
  • Geological and resource domain modelling
  • Exploratory data analysis
  • Outlier restriction tools (including capping)
  • Compositing
  • Trend analysis
  • Incorporation of conceptual mining inputs (minimum thickness, cut-off grade)
  • Interpolation design (search ellipse size and orientation, sample restrictions, etc.)
  • Classification considerations
  • Model verification tools
  • Mineral Resource reporting

Top takeaways are:

  1. Understand the steps involved to estimate Mineral Resources
  2. Build a basic tool kit to estimate Mineral Resources
  3. Identify, navigate, and mediate common risks and gaps in the estimation process
  4. Apply practical considerations of resource estimation with reference to end users (miners, investors, etc.) and data generators.

All principles presented build upon or are consistent with the November 2019 Mineral Resources and Mineral Reserves Best Practice Guidelines developed by the Canadian Institute of Mining (CIM).

Price:

  • AME Members: $275
  • Non-members: $475
  • AME Student Members: $30

*Available on-demand