Assessment and management of orebody uncertainty is critical to strategic mine planning. This paper presents an approach that consists of a series of procedures for risk assessment in pit optimisation and design. Multiple block grade simulations are processed in Whittle Software to produce a distribution of possible outcomes in terms of net present value. Examples from an open pit mine are used to illustrate the practical application of the methodology.
CITATION STYLE
Godoy, M. (2018). A risk analysis based framework for strategic mine planning and design-Method and application. In Advances in Applied Strategic Mine Planning (pp. 75–90). Springer International Publishing. https://doi.org/10.1007/978-3-319-69320-0_7
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