97 - Recoverable Resources versus Recoverable Reserves PART 2

In this episode of Fresh Thinking by Snowden Optiro, Executive Consultant Ian Glacken and Principal Consultant Jan Graham continue their deep dive into recoverable resources. In Part 2, they tackle localisation, LUC vs. MIK, SMU estimate misconceptions, and what engineers really need to know. This podcast episode at a glance:  00:05 Introduction 00:46 Issues with localisation and its importance 02:05 The main localisation method 04:11 How does it work with LUC and MIK? 04:49 How is it different with simulation? 05:33 MIK and localisation 06:19 Main issues associated with the LUC or LMIK 06:28 Common SMU estimate misconceptions 08:02 How should engineers use the model NOTES: Localised Uniform Conditioning (LUC): A New Approach for Direct Modelling of Small Blocks. Author: Marat. Z. Abzalov Join our experts as they explore the topic of Recovery Resources versus Recoverable Reserves Part 2 in the episode 97 of the Fresh Thinking podcast.  If you'd like to connect with Ian and Jan, please reach out to them at [email protected].  This podcast episode is also available as an audio podcast on @Libsyn, @Spotify and @Apple Podcasts.  Snowden Optiro is a resources consulting and advisory group that provides independent advice, consulting and training to mining and exploration companies, their advisors and investors. We help mine developers to advance their projects, mining companies to improve their operations and their professionals, and investors to derisk their investments by the provision of quality advice, training and software in the field of Mineral Resources and Mineral/Ore Reserves. https://snowdenoptiro.com/ [email protected] https://snowdenoptiro.com/professionaldevelopment/