Professional Documents
Culture Documents
Edward Isaaks
Topics
Introduction to LAK
The Algorithm
LAK Variography
Examples
LAK Software
Introduction to LAK
A Fundamental Estimation Problem
The proper selection of data!
Common Solutions
Lithologic models
Alteration models
Grade shells
Structural domains
SFH Analysis
etc.
Introduction to LAK
Common Solutions
Practical at the scale of the deposit
Not practical at local scales
The Algorithm
L A Variography
L A Variography
Cross Validation
Cross Validation
Cross Validation
Cross Validation
Copper Blast Holes
Metal price = $2,205/tonne
Cutoff grade = 0.5% Cu
Cross Validation
Net Revenue - LAK
(2503 * 0.0175 + 288 * 0.0035) * 2205 (2503+288) * 11.00
= $ 68,016.00
Net Revenue - OK
(2548 * 0.01729 + 604 * 0.00326) * 2205
(2503 + 604) * 11.00
= $ 66,716.00
Cross Validation
Production Bottleneck = Mine (Hungry Mill)
Relative benefit is proportional to average
daily grade.
LAK daily average
1.61% Cu
OK daily average
1.46% Cu
Cross Validation
Production Bottleneck = Mill
Relative benefit is proportional to dollar
value per tonne ore or blast hole.
LAK relative $ value per blast hole
$ 24.36
Geologic Modeling
LAK Software
LAK Software
LAK Software
Thank you