stochastic mine planning

Smart miners know one plan won’t cut it - stochastic thinking is helping them outsmart uncertainty, reduce risk, and mine with more confidence than ever

For decades, mine planning has leaned heavily on deterministic models - tools that simplify the earth into a single version of the truth.

By Jamie Wade on July 26, 2025
Efficiency, Production Optimisation, Process Improvement, Innovation, Research and Development, Technology Adoption, Process Innovation, Collaboration with Research Institutions, Risk, Risk Assessment, Risk Mitigation, Exploration, Geoscience data visualisation and analytics, Exploration technologies and methodologies
Australia, Western Australia, Queensland, North West Minerals Province, North America, Canada, South America
Iron ore, Molybdenum, Rare Earth Elements, Precious Metals, Gold, Base Metals, Copper, Nickel, Zinc

Better roughly right than smoothly wrong? Dr Marcelo Godoy urges miners to ditch comfort models and embrace uncertainty for real planning power

At the 2025 AusIMM Mineral Resource Estimation Conference in Perth, AngloGold Ashanti's Chief Technology Officer, Dr Marcelo Godoy, delivered a keynote that sparked serious introspection across the resource estimation profession.

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Content By Jamie Wade on May 10, 2025
Extraction, Reserve Estimation, Innovation, Research and Development, Technology Adoption, Process Innovation, Risk, Risk Assessment, Risk Mitigation, Mines & Projects, Project Overviews, Case Studies, Exploration, Geological exploration and resource modelling, Geoscience data visualisation and analytics
Australia, Western Australia
Gold

Less clicking, more thinking: Why the future of resource estimation is probabilistic, Pythonic—and still needs a geologist’s gut

At the 2025 AusIMM Mineral Resource Estimation Conference in Perth, a standout panel of industry leaders took the stage to discuss a question at the core of the discipline: where is resource modelling heading, and how should practitioners prepare? The answers revealed a field in transition—balancing powerful new tools with enduring geological fundamentals.

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Content By Jamie Wade on May 7, 2025
Efficiency, Process Improvement, Workflow Management, Workforce, Training and Development, Employee Retention, Innovation, Technology Adoption, Process Innovation, Collaboration with Research Institutions, Risk, Risk Assessment, Risk Mitigation, Exploration, Geological exploration and resource modelling, Geoscience data visualisation and analytics, Exploration technologies and methodologies
Australia, Western Australia
Gold, Copper