Orebody Definition and Optimisation

The importance of orebody definition and optimisation in project development cannot be overstated. Inappropriate orebody definition is the single most important reason for project under performance and/or failure. Without the firm foundation of good orebody definition, the structure of a project cannot be assembled reliably. Many factors need to be considered in the process of orebody definition. These factors are well summed up in paragraph 123 of The Institute's Code and Guidelines for Assessment and Valuation of Mineral Assets and Mineral Securities (Valmin Code). The factors range from the initial geological data through assaying, geotechnical and hydrogeological factors to mining and metallurgical considerations. There are other factors which also need to be considered including marketing and environmental factors. This paper briefly reviews some of these factors and their impact on project development. Three examples are presented where one or more of these factors have had significant impact on the development of the Project.