Orebody and Mine Planning Assessment Based on Alternative Recoverable Resource Model Techniques and Options

A case study based on two recoverable resource modelling techniques (indirect and direct or localised methods) have been derived using typical feasibility study or new mine drilling data configurations from the extensions of an existing mine’s massive production database. The database is from the Gold Fields Tarkwa Gold mine (~6Moz Mineral Reserves and 13-year Life-of mine). The corresponding recoverable resources from the various techniques are then analysed using the open pit Whittle optimisation process. The results were then compared based on the Whittle optimisation results to determine the efficiencies of the approaches and the validity of the recoverable mineral resource estimates for mine planning and financial forecasts (including Cash Flows etc). Based on historical production metal recovery, the paper also assesses the corresponding orebody and mine planning as well as financial risks with regards to the modelling techniques. The study shows that the localized direct and somewhat more straight forward approach if applied efficiently can provide an equally useful tool for computing recoverable resources for mine planning and financial forecasts, as compared to the indirect approach as presently in use.