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By J Franz, S Bock, N Hentrich

Artificial ground freezing is the unrivalled method for groundwater control during mine shaft sinking. Moreover, ground freezing may also provide temporary ground support. The fast development of fibre-optic temperature monitoring devices, three-dimensional freeze pipe survey methods and numerical modelling software provide grounds for developing new and reliable tools for ground control during freeze shaft sinking. This paper presents examples of predictive numerical models that are based on back-analysis and calibration of temperature data that covers the complete construction cycle from pre-freezing through to artificial thawing. The back-analyses showed that standard numerical models are not capable of predicting the prevailing thermo-mechanical conditions satisfactorily. This paper describes the development and implementation of new tools for improved consideration of concrete hydration and latent heat, along with the introduction of other algorithms that improve and simplify the efforts of managing complex numerical models. A function is presented that allows for an automated correction of the model’s mesh based on results of three-dimensional freeze pipe surveys. This paper demonstrates that the latter consideration is important, because the often employed assumption of idealised freeze circle geometry in numerical models impacts on the accuracy of such model’s predictions. Subsequently, the verification of these extended numerical models is demonstrated. Due to its flexibility, the FLAC3DTM code was employed for the numerical modelling. This software provides the possibility of implementing additional functions written in internal FISH or Python language into the models. It is concluded that state-of-the-art techniques for freeze hole drilling and surveying, on-site monitoring and advanced numerical analysis provide a significant potential for both the design and the operation of largescale ground freezing measures. The application of the extended numerical models for predictive simulations during construction allows for temporary shaft lining optimisation, for assisting in operational decision making and for compensating temporary loss of monitoring data. Suggestions are made for required future work in order to further improve the developed ground control tools. CITATION:Bock, S, Franz, J and Hentrich, N, 2018. New tools for ground control in freeze shaft sinking, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 393–406 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By M Forbes, R Jeuken

Brownfields geoscience measurement such as drilling and surface geophysics can be costly and it is often difficult to weigh the cost of data collection and processing against the value it unlocks at the time of extraction. This makes it difficult to prioritise geoscience expenditure and find the optimum intensity of geoscience activity across competing assets. There are multiple options for managing resource uncertainty and spatial variability through mine planning and resource engineering such as varying marketing strategy, adjusting stockpile or other infrastructure design and product blending. Consideration of these alongside increased data collection further complicates finding a comparable value of geoscience programs to determine the right blend of geoscience measurement and engineering controls. Concepts similar to Value of Information (VOI) analysis which is applied to strategic planning can be used to estimate the value of geoscience measurement and pit sequencing at tactical planning and operational timescales. This involves the quantification of resource uncertainty and prediction of how it will affect resource extraction. This paper outlines this process and demonstrates its use to prioritise geoscience at BHP Coal Assets. The value of infill drill programs in enabling operational stability is quantified and compared the value of engineering controls like increased stockpile capacity. This study supports that idea that the application of VOI methods to bulk mining at tactical time horizons has potential to inform geoscience planning and resource engineering not just separately, but as part of a unified strategy for managing resource uncertainty.

Mar 22, 2022

By V Srinivasan, P Knights, C T. Farrelly

By 2025, with the widespread industry adoption of remote operation centres and advanced analytics, mining companies will find themselves making better, more informed decisions across the value chain. Process automation will drive significant business integration and reorganisation. Better collaboration between functions will make cross value chain optimisation a reality. Wherever possible decisions will be automated, based on analytical models and embedded in an enterprise decision management (EDM) architecture. This will take care of many of the minor day-to-day or the minute-to-minute decisions that consume operators and managers today. More flexible information technologies and architectures derived from the extensions to Web 2.0 and service oriented architecture (SOA) will solve many of the integration issues of today. The ongoing business imperatives for doing more with less people will make true collaboration with partners such as mining contractors, equipment vendors, transport providers, suppliers and maintenance contractors commonplace throughout the industry. All these organisations will be linked in and share common goals and objectives in real-time while providing visibility of internal constraints and available capability, allowing optimised decisions to be made across the extended enterprise. Humans will increasingly move to a more supervisory role and will use advanced collaboration to quickly solve complex abnormal issues that span the value chain out to the extended enterprise. The open collaboration and communication models instilled in the workforce through the widespread use of social networking technologies will drive thought leadership far beyond current æbest practiceÆ thinking. This will encourage the mining industry to extract the business value from rapidly converging fields of study such as environmental sciences, neuroscience, psychology, engineering, information technology and business finance. The future of mining will see a more uniform distribution of data savvy workers between the ages of 20 - 40, forcing a change in current operations. This group will drive the adoption of ubiquitous computing, augmented reality, presence and digital labelling. The enterprise will shift from a relatively static disparate set of functions to a digitally aware, integrated and interactive environment with information available, in context and just in time, to those who need it. The networked virtual enterprise will therefore be a reality.

Jan 1, 2008

The Telfer Underground sublevel cave (SLC) Operation is located approximately 850 m below surface. The cave was designed to propagate through an old decline which was initially used to monitor the cave. There was a requirement to install air blast plugs at two locations in the old decline in order to isolate any potential air-blasts from the active workings in the event of the rock mass collapsing into the cavity. There was a further requirement for an air-blast plug in another section of the mine where there was a risk of the cave intersecting an old workshop and providing an air-blast pathway through an abandoned incline. The design criteria for the plugs was that they should withstand the design air blast loading, be free draining, cost effective and easily constructed with the mining expertise available on site. A plug consisting of grouted mullock was considered robust and least challenging to construct. For the purpose of estimation of maximum air pressure on plugs, it is supposed as a worst case that the rock above a cave falls as an airtight piston onto the top of a muck pile, forcing air into it and also mine workings intersected by the cave. Airflow through the muck pile is governed by Ergun's equation for turbulent flow. In a time-stepping integration scheme, transient air pressures and velocities are calculated according to equations of thermodynamics, in the cave and at intervals along intersected drives by means of a finite difference spatial discretisation. The ability of plugs to withstand computed pressures is assessed by finite element elastoplastic analysis. This paper outlines the rationale for potential air blast loading, calculation of transient air pressures, plug design and analysis of plug behaviour. The plug construction method is also discussed.

Nov 25, 2010

By M Gabbitus, B Young, T Lukins, M Slater

This paper details the implementation of a new type of grade control system at the Black Star open cut mine in Mount Isa, Queensland. It explores the site requirements for grade control, what as previously in place and what the site required moving forward. It also details some of the features of the system installed and why it was chosen over other grade control systems available. Black Star open cut mine has been in operation since late 2004, and was developed to extract the surface extents of the Ag-Pb-Zn mineralisation previously mined in the Isa Lead Mine. Black Star is currently mining seven distinct orebodies in and around active void hazard zones and hence, its grade control requirements are very detailed and complex. The implementation of a new system to manage the model update and block out processes was, therefore, of critical importance to the site and required a detailed understanding of the requirements of the entire mining team from drilling through to geology, survey and production. Having previously run the grade control process using site specific æblack boxÆ scripts and macros, Black Star needed to implement a more open, auditable and flexible system, which allowed the geologists to control the process and make strategic changes as the situation demanded. MineSightÆs Axis Grade Control, with its flexible, generic framework for managing the process, met these demands. Being an out of the box solution that requires minimal setup and training was also a key factor in the decision to use it.CITATION:Lukins, T, Slater, M, Gabbitus, M and Young, B, 2012. The introduction of axis at Black Star Open Cut, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 71-74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By F Phillips, E Deucker, J Kato

It is challenging to determine the optimal mining strategy to maximise value when a mine plan includes mineralised material which does not meet the full cost of mining but has value exceeding the variable cost of mining (‘marginal material’). Mining too much marginal material dilutes the operation’s head grade and undermines profitability. Conversely, leaving too much metal behind fails to achieve the full value of the endowment. Finding the balance between the two will maximise value delivered from the asset. This dilemma has traditionally been approached by calculating a suite of cut-off grades to define the grade of material that meets economic targets for an orebody (or zone within) and should therefore be included in the mine plan. A problem with this approach is that individual mining blocks within the zone have different costs, value and confidence levels, with each having economic co-dependencies between them. Blocks of identical grade but different mining contexts will have distinctly different economic outcomes. For example: • a block may be a low-grade increment or shell around a higher-grade stope; • a block may be available to be mined when there is spare mining capacity; or • a block may defer access to significantly higher cash flow material. Each of these circumstances would result in different value from the blocks if included as part of the mine plan. Cut-off grades calculated as averages over zones of material, or in isolation from schedule-based information, are missing the entire mining context that determines the ultimate economic outcome of making a mining decision. There are tools and techniques available to address this for open pit mining, however underground mining has different nuances. There are more intricate economic and physical dependencies between potential ore blocks, and importantly, the decision to leave material in situ can be made at any time. The case study in this paper explores a new methodology for underground mining, targeted towards strategic planning applications. It examines whether the economic logic usually applied via cut-off calculations can be implemented in the schedule so that optimal economic decisions can be made on a block-by-block basis, taking into account the mining context of the block, with the objective to maximise asset value. The results of the case study scenarios in Table 1 demonstrate the magnitude of the potential improvement in NPV that can be attained by a block by block valuation approach

Mar 15, 2021

By I Auranen, J Raatikainen

IMA Engineering (IMA) and Mine On-Line Service (MOLS) companies have used on-line sensors for analysing ore and waste rock in mining for more than 25 years. Today IMA on-line sensors are used in various stages of the mining process including on-line analysis of drill cores, drill chips, ore and waste in loader bucket, ROM ore analysis on belt conveyor belt and in bulk ore sorting and in slurry analysis in concentrators. During years of extensive field experience and testing we have found that the waste rock dilution and ore losses create much larger economic and environmental losses than has been previously recognized. According to our studies the main reason is limited number of analysis already in exploration when drill cores or drill cuttings are used in block modelling. The same happens in production because too few and biased samples from benches are used to estimate the ore grade. Much more than today estimated amount of waste enters the mill and considerable volumes of ore losses happen at the same time. The ore grade on the benches and in muck piles is averaged and “homogenized” with averaged and biased samples. These are the main root causes of waste rock dilution and ore losses. Sensor based preconcentration can be the remedy to waste rock dilution and ore losses. This presentation will show examples of the use of on-line sensors in preconcentration when analysing ore and waste rock in drill cores, drill cuttings, on conveyor belt and in bulk ore sorting. Waste rock removal in preconcentration has direct effect on energy consumption in crushing and grinding and chemicals in concentrator. In concentrator waste is separated and goes to tailings pond, however, preconcentration directly reduces the volume of the tailings. In our presentation we will cover cases in base metals and in gold mines.

Nov 10, 2020

By C Berglin

Is the Northern Territory different? Certainly it is more remote, has less people and relies more heavily on two or three industries for its survival. On the other hand, its mining industry is governed by Acts not dissimilar to those of the major States - a Mining Act provides the basis for acquisition of tenure, a Mine Management Act provides regulatory control, a Mineral Royally Act collects revenue in return for the right to utilise the land's bounties, an Environmental Assessment Act provides the public face to rehabilitation and environmental safety, and the Aboriginal Land Rights (NT) Act purports to give development criteria for inalienable land use. With the exception of the latter, at least until the advent of Mabo, all these are simply variations on a theme, and are common to most States. This paper will show how the Department of Mines and Energy works in relation to the Northern Territory mining industry.

Jan 1, 1994

By O Arafat, R E. McIvor, K M. Bartholomew

It is well known in the industry that good classification system performance is vital to efficient ball mill circuit performance. But what is meant by good classification system performance, and how is it achieved? Unfortunately, the perceived complexity of classification systems, and the day-to-day time demands placed on the practicing metallurgist, all too often put the low-hanging fruit of classification system optimisation in the ‘I’ll do it later’ basket. Additionally, lingering confusion about basics such as the relationship between circulating load ratio and ball mill circuit performance makes the optimisation objective seem nebulous to both plant metallurgist and designer.Some of this confusion can be eliminated by taking a step back from the overwhelming detail of sharpness of separation curves, circulating load ratios, cyclone feed pressures, vortex and apex sizes etc, and focusing on the purpose or function of the classification system – to apply mill power to particles that need further size reduction! The classification system efficiency (CSE) metric captures how well the classification system is performing its function with two quick and easy size distribution analyses.Once CSE is understood and implemented as the optimisation criteria, well-tested methods for improving CSE can be implemented and quickly measured at plant scale to give confidence that the right change was made.This paper will describe CSE and how it is measured in practice. Next, a guide for improving CSE through manipulation of design and operating variables in the classification system will be provided. Examples and case studies will illustrate the gains in ball mill circuit efficiency that can be achieved by maximising CSE.CITATION:Bartholomew, K M, McIvor, R E and Arafat, O, 2018. A guide to maximising ball mill circuit classification system efficiency (CSE), for operators and equipment designers, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 553–558 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By Kuganathan K, Potvin Y

Enterprise Mine at Mount Isa is to expand ore production from the current 1.4 to 3.5 mtpa by mining the 3500 Orebody, from which production is scheduled to start in February 1998 making this the deepest underground mine in Australia with its lowest mining horizon at nearly 1.6 km below surface. The following fill requirements were defined for the 3500 Orebody during the feasibility study: 1. a minimum filling rate of 250 ma/h, 2. a curing time of 28 days, and 3. minimum free fill water. This paper mainly describes the investigation of high density and paste fills for the 3500 Orebody. The investigation covered all the key issues relating to fill option selection, including design criteria, material supply and demand assessment, drainage modelling, tailing dewatering method, mix design and a pump loop test. Results of the investigation indicate that both high density fill and paste fill are technically feasible. The investigation has led to the selection of a blended tailing paste for the 3500 Orebody as the paste option has significant advantages over high density fill in stope filling rates and fill reticulation. The blended tailing for paste fill is finer than Isa deslimed tailing but coarser than full plant tailing. The paste fill selected has minimum binder and tailing dewatering requirements while a relatively high filling rate is achieved.

Jan 1, 1998

By S Maritsa, D Simbi, E K. Chiwandika, S M. Masuka

The steel industry is facing challenges on a global scale that include depletion of resources, huge energy consumption, and the emission of CO2. The demand for iron products is increasing due to the increased infrastructural development. Zimbabwe produced cast iron from scrap metals. However, there is currently a shortage of scrap, and yet Zimbabwe is rich in limonite ores that are currently being underutilised. The possibility of using limonite ore as a sustainable feed for pig iron production was investigated by preparing some limonite ore carbon composite pellets. The results showed that the addition of coal to the limonite ore and calcium carbonate mix to form the composite pellets resulted in a decrease in the drop number as well as the dry compressive strength of the composite pellets. This research aims to improve the physical properties of the green pellets by the careful addition of hydroxyethyl cellulose as a binder that was found to improve the physical properties of the green pellet. This is important for materials handling during the production process of the composite pellets. Results showed that the drop number was substantially improved by the addition of 0.4 wt per cent hydroxyethyl cellulose while the dry compression strength improved from 2.5 kg/pelIet to around 23 kg/pellet irrespective of the amount of binder added. The binder improved the physical strength of the iron-carbon composite pellets enough to allow for large-scale production of the pellets that can be an alternative and sustainable feed for cast iron production. However more results on the indurated compression strength and other properties such as the reduction degradation index, swelling index, and the reducibility test are required.

Jun 19, 2024

By D Tucker, K Harney

Hatch forecasts that an increasing share of seaborne traded iron ore will be ultrafine, being either concentrate or pellet feed. This provides several challenges for the iron and steel industries, but the principal concern is: how much ultrafine iron ore can be consumed on sinter strands and with a minimal effect on productivity?This paper will identify new supply by project through 2020. Demand will be estimated for sinter production and practical steps will be identified to increase ultrafine consumption in sinter strands. The long-term iron ore price will be forecast to balance supply and demand. The paper will conclude by assessing how the pricing of ultrafine ore will develop relative to the Chinese iron ore indices.CITATION:Tucker, D and Harney, K, 2015. Iron ore ultrafines challenges and opportunities, in Proceedings Iron Ore 2015, pp 501–504 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By M L. Muller, A R. O’Donnell

The Mount Isa Mines (MIM) Copper Concentrator has an extensive history of reagent trials, with different reagents coming in and out of favour over the years. The research and use of carbon depressants is particularly prevalent, as carbonaceous pyrite is a major source of concentrate dilution. Years of research led to the use of naphthalene sulphonate due to its excellent carbon depression properties. However, due to rising reagent costs carbon depression ceased in the late 1990s. This led to the loss of knowledge about the use and value of naphthalene sulphonate. Cyanide is used at the Copper Concentrator for the sole purpose of pyrite depression and over the years multiple projects have been devoted to finding alternatives to it. In 2012 the neighbouring MIM Lead-Zinc Concentrator replaced cyanide with naphthalene sulphonate which resulted in cost savings and the elimination of a hazardous reagent. In 2013, plant trials were conducted at the Copper Concentrator in hopes to replicate the outcomes obtained at the Lead-Zinc Concentrator. The results of the trials conducted at the Copper Concentrator showed that naphthalene sulphonate could not replace cyanide and this work was set aside to pursue more promising projects. Further research conducted in 2014 found that mineralogy and a better understanding of the depressing mechanism of naphthalene sulphonate held the key to improved pyrite depression at the Copper Concentrator. The findings showed that Mount Isa copper ore contains two forms of pyrite; euhedral pyrite (cubic pyrite) and framboidal pyrite (carbon rimmed spheres of pyrite), both of which require different reagents to sufficiently depress them. Naphthalene sulphonate was found to be an excellent carbon depressant, suitable for depressing graphite and framboidal pyrite, whilst cyanide specifically targets euhedral pyrite.In 2015 laboratory test work was conducted to examine the use of naphthalene sulphonate in conjunction with cyanide to selectively target both forms of pyrite. This work led to a full plant trial, the results of which showed a significant increase in plant performance, with higher copper concentrate grades and recoveries being achieved. This paper aims to focus on the benefits and importance of understanding past work and linking a detailed knowledge of feed mineralogy to reagent selection for improved plant outcomes.CITATION:O’Donnell, A R and Muller, M L, 2018. Selectively targeting hydrophobic gangue minerals at the Mount Isa Mines Copper Concentrator, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 413–421 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By S Chatterjee

The production scheduling of an open pit mine determines the optimal extraction sequencing that significantly impacts a mine’s life as well as net present value. The optimisation of production scheduling of large open pit mines with geological uncertainty is a computationally very intensive process. In this paper, an approximation algorithm is proposed to schedule an open pit mine, where instead of solving the whole problem at once, the production schedule is generated by sequentially solving subproblems. The subgradient method is used to generate the upper bound solution of the Lagrangian relaxed subproblem. If the upper bound relaxed algorithm is not a feasible solution, a mixed integer programming is solved on the generated upper-bound solution. An application at a copper mine with an orebody represented by 16 532 mining blocks is presented using the proposed algorithm. Results show that all constraints are satisfied. The net present values are also calculated and results reveal an 11 per cent higher net present value (NPV) is generated when compared to the NPV generated when the same approach is applied to the deterministic model of the deposit where uncertainty is not accounted for.CITATION:Chatterjee, S, 2014. Stochastic production scheduling – solution through Langrangian relaxation with the branch-and-cut algorithm, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 323–328 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

In the early stages of opening up a mine, when there is some uncertainty as to its future career, necessitating caution in laying out works of a permanent character, the want is often felt of an assay furnace, easily built and easy of transportation, should the" mine " prove to be " no mine." Again, cases occur in which parties buy the right to treat comparatively small heaps of tailings, and then shift their plant to other localities. Under these circumstances it is necessary to restrict the plant to the barest necessaries, to suit, so to speak, the nomadic character of the work.An assay furnace that is really portable, easily transported, erected, taken down, of little weight, always ready for action on short notice, is indeed in these cases a desideratum which has long been wished for. The gasoline furnaces introduced intothe Australian market some time since practically fulfil these conditions; but they have the fatal drawback of being dependent on a constant supply of the liquid fuel, gasoline, which is seldom, if ever, obtainable locally in' any wayback mining township...

Jan 1, 1904

By M Bettison, R Wright, N Taylor

The primary mine planning focus during early study phases of future mining projects is Life of Asset ore production and grade quality, this will always be the situation. While waste schedule optimisation is generally considered in the latter study phases nearing execution for a limited number of schedule periods only and not a true optimisation considering all attributes such as waste destination location, design, cycle time and closure. This can be particularly applicable in large multi-pit bulk mining operations where one approach to meet Life of Asset ore tonnes and grade targets has been to maintain pit development flexibility resulting in large open pit areas and substantial expit Overburden Storage Area (OSA). The value opportunity is to develop a Life of Asset waste schedule source-to-destination optimisation prior to mine development considering all applicable attributes and routinely review throughout the Life of Asset taking account of improved ore and waste knowledge.CITATION:Taylor, N, Wright, R and Bettison, M, 2018. Utilising mine planning to deliver closure landforms through productive movement, in Proceedings Life-of-Mine 2018, pp 96–99 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By T Davis

Cameco Corporation operates the high-grade 140 tpd fly-in/fly-out underground McArthur River Uranium Mine in Northern Saskatchewan in a joint venture with Cogema Resources Inc. Reserve grade is in excess of 20 per cent U3O8 with current mining grade averaging 16 per cent U3O8. Due to the high radiation potential of the ore, the non-entry mining method of raiseboring was chosen to minimise worker radiation exposure potential. The raisebore and extraction horizons are located in waste rock with the orebody located between horizons. Ore produced by raiseboring is delivered by LHD to an underground SAG mill and is then hydraulically hoisted to surface receiving facilities after underground thickening to 50 per cent solids by weight. Concrete backfilling is utilised. The orebodies at McArthur River are adjacent to water bearing sandstone. Ground freezing is therefore employed to isolate the ore from this water bearing ground. Calcium chloride brine at -35¦C is circulated through a series of cased boreholes to establish freeze walls up to 25 metres in thickness. At 18 000 000 lb of low cost U3O8 production per annum, McArthur River ranks as the worldsÆ largest uranium mine. Over 50 per cent of the workforce resides in this sparsely populated area of Canada with approximately 40 per cent being of aboriginal ancestry. Site operations must cater for winter temperatures as low as -50¦C.

Jan 1, 2002

This paper cites selected, prominent examples of current, major projects in Southern Africa in both the mining and civil fields. Differences and similarities in the life cycle of mining and civil projects are discussed. A closer relationship between the mining and civil fraternities is beginning to develop and should be encouraged because of the resultant exchange of experience and technology which benefits both disciplines. An attempt is made to assess future potential for new, major projects and trends in the implementation thereof.

Jan 1, 1999

Hatches Creek has been inactive since 1961, but with better metal prices, interest in the field is reviving.The mixed gravity concentrates which were unsalable in 1951 have been experimentally separated into salable wolfram, scheelite, and bismuth-gold concentrates, and a flow sheet incorporating magneticseparation and flotation has been developed.

Jan 1, 1965

Three stages are involved in the complete design and evaluation of an open cut mine. These are:1. design of the optimu,m ultimate pit, and selectionof the optimum mill capacity,2. development of production schedules, with intermediate pit designs, and3. evaluation of the project, based on factors from stages 1 and 2, by means of discounted cash flow analysis.Stage 1 requires relatively complete information on metal distribution, metallurgical performance, and cost factors, which is used to design a series of pits, corresponding to a range of milling rates.For each milling rate considered there is a unique pit design which maximizes operating profitability. The computer outlines this design (in terms of size, shape, and location; tons and grade of ore; and tons of waste), by considering the effect on profitability of mining each block in the mineralized inventory in relation to every other block which would be affected by its removal.The computer selects only those blocks for mining which result in an overall increase in profitability, maintaining pre-determined wall slope conditions throughout.Both operating profitabilities and capital costs increase with throughput, and the two curves will combine to produce a flat peak in net profitabilities at a certain rate, with its associated pit design.Stage 2 can maximize head grades early in the life of the operation. This increases the projected present value, but there are good arguments for maintaining steady head grades throughout the life of the mine.A modification of the programme used in Stage 1 is used here.Stage 3 is a conventional discounted cash flow analysis, using factors obtained in stages 1 and 2. It can be computerised, but a manual treatment is probably just as fast overall.

Jan 1, 1970