New Approach to Recoverable Resource Modelling: The Multivariate Case at Olympic Dam

Traditional estimation techniques significantly under-call the true monetary value of the resource on which mine plans and operations base their business. At the Olympic Dam, this is worth billions of dollars. Realising this value requires mine planning engineers to be supplied with an accurate recoverable resource model that correctly estimates the tonnes and grade for a specified support and timescale, at the time of mining.