Generosity is alive and well! Both Ian Glacken – Executive Consultant and Paul Blackney – Executive Consultant, believe in sharing the knowledge and skills they have each gained over their more than 35 years’ worldwide experience as geologists. So in…
In this Part 1 of a 2 Part podcast series, Paul Blackney our Principal Consultant discusses the difference between accuracy and precision and illustrates what accuracy means in practice.
This Fresh Thinking podcast episode at a glance:
0:54 What's the difference between accuracy and precision?
5:12 Why are the accuracy and precision of geological data so important?
7:09 How do we know we have an acceptable accuracy for sample grade data?
9:50 Not everything goes to plan. What can you do if your grade control accuracy doesn't meet your expectations?
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You can find our Fresh Thinking technical podcasts on the following platforms: Google Podcasts Spotify Stitcher iTunes Happy listening! About our podcast presenters: Ian Glacken BSc (Hons) (Geology), MSc(Mining Geology), DIC, MSc(Geostatistics), Grad Dip Computing, FAusIMM(CP), FAIG, MIMMM, CEng Ian is…
Welcome to the second podcast in our Fresh Thinking from the World of Mining podcast series.
This week Ian Glacken, our Director of Geology, talks about Reasonable Prospects of Eventual Economic Extraction (RPEEE) with Adam Mullett, and why the principle is critical to reporting resources.
The podcast at a glance:
0:48 What is RPEEE?
1:33 Why do we need to have RPEEE as part of all the reporting codes?
2:28 The codes are there to protect investors - reporting the right information to investors is critical
3:19 What has changed from the versions of JORC 2004 to 2012?
4:28 RPEEE has also been controversial because of its inconsistent application
5:34 Why is the principal not being applied everywhere?
6:38 What is the approach for open pit mines for RPEEE?
7:45 How does RPEEE apply to underground mines?
8:56 Are there any differences between how the RPEEE has been applied in the JORC, SAMREC and CIM codes?
