Abstract
Assessment and management of orebody uncertainty is critical to strategic mine planning. This paper presents an approach that consists of a series of procedures for risk assessment in pit optimisation and design. Multiple block grade simulations are processed in Whittle Software to produce a distribution of possible outcomes in terms of net present value. Examples from an open pit mine are used to illustrate the practical application of the methodology.
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© 2018 The Australasian Institute of Mining and Metallurgy
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Godoy, M. (2018). A Risk Analysis Based Framework for Strategic Mine Planning and Design—Method and Application. In: Dimitrakopoulos, R. (eds) Advances in Applied Strategic Mine Planning. Springer, Cham. https://doi.org/10.1007/978-3-319-69320-0_7
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DOI: https://doi.org/10.1007/978-3-319-69320-0_7
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