Approaches to reporting grade uncertainty in high-nugget gold vein projects
High-nugget effect vein-gold systems are generally considered to be one of the most challenging of deposit types to evaluate and exploit. To potential investors and mining companies, they are viewed as high risk because of the associated uncertainties in the grade estimate and general paucity of Ore...
| Main Authors: | , |
|---|---|
| Format: | Conference Paper |
| Published: |
2012
|
| Online Access: | 2658 http://hdl.handle.net/20.500.11937/8510 |
| _version_ | 1848745679688564736 |
|---|---|
| author | Dominy, Simon Edgar, W. |
| author_facet | Dominy, Simon Edgar, W. |
| author_sort | Dominy, Simon |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | High-nugget effect vein-gold systems are generally considered to be one of the most challenging of deposit types to evaluate and exploit. To potential investors and mining companies, they are viewed as high risk because of the associated uncertainties in the grade estimate and general paucity of Ore Reserves at production start-up. However, despite the well-known risks, these deposits often have a grade upside that makes them potentially attractive. The reporting of resource grade is of importance and perhaps even more so is the reporting of the associated uncertainty attached to the grade estimate. The use of the grade estimate supported by a grade range is recommended to achieve more complete and useful disclosure. The definition of the grade range can be somewhat subjective, ranging from opinion based estimates through to data-based estimates and geostatistical conditional simulation. Whichever method used, the over-riding issue must be the provision of enough data of appropriate quality and full disclosure to the public of relevant uncertainties. |
| first_indexed | 2025-11-14T06:21:12Z |
| format | Conference Paper |
| id | curtin-20.500.11937-8510 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:21:12Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-85102018-04-13T07:44:48Z Approaches to reporting grade uncertainty in high-nugget gold vein projects Dominy, Simon Edgar, W. High-nugget effect vein-gold systems are generally considered to be one of the most challenging of deposit types to evaluate and exploit. To potential investors and mining companies, they are viewed as high risk because of the associated uncertainties in the grade estimate and general paucity of Ore Reserves at production start-up. However, despite the well-known risks, these deposits often have a grade upside that makes them potentially attractive. The reporting of resource grade is of importance and perhaps even more so is the reporting of the associated uncertainty attached to the grade estimate. The use of the grade estimate supported by a grade range is recommended to achieve more complete and useful disclosure. The definition of the grade range can be somewhat subjective, ranging from opinion based estimates through to data-based estimates and geostatistical conditional simulation. Whichever method used, the over-riding issue must be the provision of enough data of appropriate quality and full disclosure to the public of relevant uncertainties. 2012 Conference Paper http://hdl.handle.net/20.500.11937/8510 2658 restricted |
| spellingShingle | Dominy, Simon Edgar, W. Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title | Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title_full | Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title_fullStr | Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title_full_unstemmed | Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title_short | Approaches to reporting grade uncertainty in high-nugget gold vein projects |
| title_sort | approaches to reporting grade uncertainty in high-nugget gold vein projects |
| url | 2658 http://hdl.handle.net/20.500.11937/8510 |