Managing Mineral Resource Risk
A central responsibility of mining company boards and executive teams is managing the inherent risky nature of mineral resources. Mineral resources form the foundation of exploration and mining company value with risk management serving as a critical function of business decision making. Due to the dynamic nature of the business and the varying levels of technical staff experience, communicating that risk can often be challenging.
Through effective internal validation, reviews, and systems, coupled with external auditing, mineral resource risk can be understood and managed. In this presentation, you will learn of various modeling techniques, documented programs, including a transparent assurance program, serving as key components for company boards to communicate adequate risk management of mineral resources to investors and stakeholders.
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Featured Author
Erik Ronald is a geologist with 20 years experience specializing in resource geology, exploration and evaluation, resource estimation and geostatistics, mine geology, auditing/due diligence, and reporting of mineral resources. His experience spans multiple commodities and deposit types including iron ore, porphyry, IOCG, industrial minerals, and epithermal deposits. Erik has worked across North America, South America, and Australia from greenfields projects through open pit and underground operations. Erik has held technical, commercial, and leadership roles in both corporate and operational environments. His experience includes project management of technical studies such as exploration and evaluation programs, mineral resource and ore reserve studies, and multiple large project studies (conceptual, OoM/PEA, PFS, and FS levels). Erik is proficient in geological modeling using Maptek Vulcan and Leapfrog Geo software with extensive estimation and geostatistical experience using Isatis software.
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