55 - Applications of Conditional Simulation - PART 2

In this episode of Fresh Thinking by Snowden Optiro, join Executive Consultant Ian Glacken and Principal Geostatistician Dr. Oscar Rondon as they explore the applications of Conditional Simulation in a two-part series. This is the second final episode. 00:00 Ian introduces this podcast and the speaker Dr Oscar Rondon.  01:15 Oscar addresses the topic of Resource Classification in more detail. 02:00 Ian emphasizes the essential role of geological continuity and the need for expert consideration beyond simulation in the classification process. 02:55 Ian introduces the concept of using single realisation for simulations. 03:30 Oscar explains applications for using single realisation for simulations. 04:25 Ian further highlights the core process of simulating with sparse data, generating realizations, emphasizing the critical selection of one that accurately reflects the input data, and discusses methods for verification. 06:30 Oscar underscores the importance of defining the simulation's purpose before running it, while Ian expands on strategies for situations where relying on a single realisation feels uncomfortable. 07:30 Ian discusses one case study in which he participated as a member of the Advisory Group at Snowden Optiro. 09:45 Oscar provides an interesting case study example from a period when the multivariate simulation component was not yet available in Supervisor. 10:55 Ian briefly explains the concept of Multivariate Simulation which will might be a topic for another podcast. Join our experts as they explore the PART 2 of applications of Conditional Simulation in episode 55 of the Fresh Thinking podcast. If you'd like to connect with Ian and Oscar, please reach out to them at [email protected]. This podcast is also available as an audio podcast on @Libsyn, Stitcher, @Apple Podcasts, @Google Podcasts.  These podcasts are for those working in the mining industry.