The Development of an Ore Reserve Methodology for the Olympic Dam Copper Uranium-Gold Deposit

The accuracy of an ore reserve is only as good as the geologist's understanding of the deposit. The methods that are applied to resource and reserve estimation reflect that understanding. At the Olympic Dam copper-uranium-gold deposit in South Australia, evolution in the understanding of the controls on mineralisation coupled with the changing demands of the project have led to changes in the approach to reserve estimation. The project has moved into a phase where detailed stope mining reserves are now required as distinct from global ore reserves. The complex nature of the mineralisation and the large amount of data demand that all available information be readily accessible in a flexible format. To enable the selective manipulation of geological and assay information and its characterisation, a relational database has been developed. For reserve calculations themselves, initial computations were based on a system derived from that used for the Kambalda nickel orebodies. The Olympic Dam system differed mainly in the use of statistical analyses in the estimation of grade instead of the previous polygonal area of influence weighting method, Three dimensional weighting techniques are now being used for local reserve estimates. Flexible facilities for raw data handling combined with grade estimation techniques which are commensurate with the mine geologist's understanding, produce detailed gridded and contoured ore zone models suitable for reserve calculations and stope designs.