Professional Documents
Culture Documents
Mark Noppe
SRK Consulting
mnoppe@srk.com.au
Introduction
Context is everything
Codes, standards, guidelines and industry practice
Accuracy, confidence and quality
Context project reporting
Conclusions
Introduction
Mining is an inherently risky business
Reserve
(mine schedule)
Residual Exploration
resources potential
Xstract, 2014
Codes
Reporting definitions
What about:
Development stages
Timing
Level of technical- economic
study
Level of confidence in all
relevant factors
Transparent, consistent,
balanced reporting
Xstract, 2014
Industry guidelines - types of study
After Hatch
M E White & I Harrington, 2014. Feasibility Studies Scope and Accuracy. AusIMM Monograph 30.
Industry practice & guidelines
Measure / Item Scoping Study Pre-feasibility Final Feasibility
Study Study
Technical-economic
study levels Cost accuracy 25%-50% 15-25% 10-15%
M E White & I Harrington, 2014. Feasibility Studies Scope and Accuracy. AusIMM Monograph 30.
Context
How it all fits together
Project advancement
Data quantity and
data quality
Technical/economic
assessment -
Resource & Reserve
reporting
Final engineering /
Construction
Commissioning
Operating
Noppe, 2014
Codes & guidelines
Mineral Resources - reasonable prospects
for eventual economic extraction
Reconciliation
Ore Reserves
Exploration Target
Exploration Results
Early Exploration
Context - project stage
Still to
update
Resources
Not a
definitive
Feas Study
Project development & reporting context
References
Mark Noppe
mnoppe@srk.com.au