Purpose of ore reserve and resource estimation

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Reference no: EM132141931

ASSIGNMENT 1

1. What is the purpose of ore reserve and resource estimation? Why are resource and reserve estimates important to the mining industry?

2. What is meant by ore? What is meant by the term waste? How is the distinction between these determined?

3. Describe a typical Magnetic survey? What parameters does the technique measure? What are the steps in using this method? What types of instruments are used? Typically at what stage of an exploration program would this technique be used?

4. One of the key aspects within the JORC code is transparency, what does this mean? What are the other key principles within the JORC code?

5. What geochemical prospecting methods are available?

6. Typically what sizes of core sample in terms of diameter are used in exploration drilling?

7. Define the following terms:
- Range
- Variance
- Standard deviation
- Kurtosis
- Skewness

8. In ore reserve estimation what does the term support mean?

9. What are the rules regarding the reporting of resources and reserves within the JORC code?

10. What is Krige's relationship? What can it be used for?

11. Describe three classical estimation techniques used in mining. Are these techniques accurate? When would it be appropriate to use such techniques?

12. Why are kriging techniques preferable to other estimation methods?

13. Explain what a "competent" person means in the JORC. What qualifications do competent persons require? Can competent person's undertake reserve estimates for more than one type of mineralisation?

14. Determine the mean, the variance and the standard deviation for the grade data set in the following table

Iron content % at coordinate values

 

 

Easting Coordinate (m)

 

 

0

100

200

300

400

500

600

700

800

900

Northing coordinate (m)

0

80

78

90

89

90

91

90

87

94

89

100

77

77

90

88

94

89

89

89

92

96

200

75

75

91

85

86

87

84

85

89

86

300

85

64

85

84

85

84

85

85

84

85

400

90

62

86

84

84

85

86

85

85

85

500

67

55

86

86

0

86

83

84

86

78

600

69

50

77

86

0

70

90

81

85

79

700

70

77

79

83

84

70

77

86

82

80

800

0

69

78

0

90

65

75

0

81

80

900

100

69

78

0

90

55

74

0

79

80

15. Define the following:
- The lag
- The geostatistical variance
- The semi-variance
- The semi-variogram
- The sill
- The Nugget effect
- The range

16. Using the method of polygons, determine the average seam thickness and tonnage represented by the following information if coal weighs 0.8 tonne/m3. Note surface is flat and top of coal seam for all boreholes is intersected at the same depth.

17. Determine the inverse of the following Matrix
10 17 10
13 16 12
13 4 7.5

18. Can JORC be applied to undersea mineral deposits?

19. Compare and contrast the JORC code with the US code

20. Why do you need a mathematical expression to represent the experimental variogram?

21. The following function represents an experimental variogram, draw this function and determine the covariance function.

Where C0 = 5, a = 25, C1= 50

22. What type of information concerning the deposit is provided by a variogram?

23. Use the method of polygons to determine the average ore grade and tonnage represented by the information Tables 3, 4 and 5 if the cut-off grade is 2.5% and the ore has a density of 2.8 tonnes/m3. (30 marks)

24. What would be the impact on the answer to question 25 if the cut=off grade is decreased to 2.0%?

ASSIGNMENT 2

1. The table attached shows the gold grade results from a core drilling program undertaken on a regular 100m x 100m grid.

Undertake classical statistics on this data set, calculating the mean, variance and standard deviation.

2. Using the data from question 1, determine experimental variograms in the west to east and north to south directions.

3. Use ordinary kriging to estimate the grade at the location 375m East, 350m North.

Attachment:- Ore Reserve Estimation.rar

Verified Expert

The assignment is about the Australian mining industry. More concentrations are given to the JORC codes, Ores and the mineral reserves. The paper also describes the estimation techniques and a problem to understand the calculations. The inverse of the matrix is also calculated.

Reference no: EM132141931

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