EP 156 | Part 3 of 7: Conditional Simulation

In this episode of Fresh Thinking by ‪@SnowdenOptiro‬, Susan Havlin and Ian Glacken explore the fundamentals of conditional simulation and its role in modelling grade variability and uncertainty in mineral resource estimation. They discuss how simulation differs from traditional methods like kriging and uniform conditioning, why capturing uncertainty is critical for modern mining decisions, and how multiple realizations can provide valuable insight into upside and downside risk.  The conversation also touches on practical challenges, including reporting to the market and integrating uncertainty into mine planning workflows.