Mine Planning in a Phosphate Deposit

In the early stages of the planning of a new exploitation, the error in ore reserve estimation is an important factor that must not be disregarded. As this error can be computed by geostatistical methods, the risk of the venture can be calculated for different recognition patterns in a certain assumption of economical conditions. A case story is described for an open pit phosphate deposit in which grade/tonnage curves and their confidence intervals are related to an economic function for three drilling patterns and decisions are taken on the basis of cost and value of supplementary information.