Mineral Resource Estimation
Mineral Resource Estimation (MRE) evaluates the size, quality, and economic potential of a mineral deposit. Accurate resource estimates give mining projects a solid understanding of a deposit’s geology, establishing a reliable basis for development planning.
At K-MINE, our MRE services are aligned with globally recognized standards, including NI 43-101, JORC, and SK 1300. This ensures our estimates support each stage of project advancement, from Preliminary Economic Assessment to Feasibility Studies, and instills confidence among stakeholders and investors.
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Why Choose K-MINE For Mineral Resource Estimation?
K-MINE’s approach to Mineral Resource Estimation combines expert geological analysis with advanced 3D geological modeling and geostatistical techniques. Serving clients across Canada, the United States, the United Kingdom, Australia, and beyond, we conduct thorough data collection, validation, and modeling to create reliable estimates, even in complex geological settings. By understanding each project’s unique goals, we deliver MRE reports that enhance decision-making and support project progression.
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Data Collection and Validation for Accurate Resource Estimates
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Geological Data Review: Our team reviews all available data, including drill core logs and sample assays, ensuring the integrity of geological data used in modeling.
Data Validation and Quality Assurance: We apply strict QA/QC protocols to confirm data consistency, addressing any issues that may impact resource estimation accuracy.
Exploration Data Integration: As new exploration data becomes available, it is integrated into the MRE to maintain a comprehensive, up-to-date model.
3D Geological Modeling and Interpretation
3D Geological Models: Using advanced 3D modeling software, we construct accurate models representing the deposit’s structure, mineralization, and lithology.
Lithological and Structural Analysis: Our team interprets the deposit’s lithology and structural features, crucial for understanding grade distribution.
Geostatistics in Resource Estimation: Geostatistical methods, such as variography and spatial interpolation, support accurate grade distribution across the deposit.
Estimation Techniques for Mineral Resource Classification
Selection of Estimation Methods: Based on deposit characteristics, we select appropriate methods, including kriging, inverse distance weighting, or indicator kriging.
Grade and Tonnage Calculations: We provide quantifiable grade and tonnage estimates that form a solid basis for project planning.
Uncertainty and Error Assessment: Through error analysis, we evaluate the robustness of the estimate, ensuring reliability under variable geological conditions.
Resource Classification and Industry-Standard Reporting
Classification into Inferred, Indicated, or Measured Resources: We categorize resources by confidence level, following standards like NI 43-101 and JORC.
Standard-Compliant Reporting: Our reports align with NI 43-101, JORC, and SK 1300 standards, ensuring transparent, reliable disclosure for stakeholders.
Resource Model Validation: The resource model undergoes reconciliation and validation, aligning estimates with geological patterns observed in exploration.
Economic and Technical Considerations in MRE
Cut-Off Grade Calculation: We determine cut-off grades based on current market conditions and economic factors, helping identify economically viable portions of the deposit.
Preliminary Economic Evaluation: An early economic analysis highlights potential project value, spotlighting areas with significant economic potential.
Sensitivity Analysis for Resource Classification: We evaluate how commodity price fluctuations and other variables could impact resource classification and project feasibility.
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Expert Team
Our geologists and Qualified Persons (QPs) have deep experience in resource estimation across varied deposit types.
Advanced Technology
Leveraging the latest in 3D modeling and geostatistics, we deliver highly accurate resource models.
Compliance with Standards
Our MRE reports meet NI 43-101, JORC, and SK 1300 standards, ensuring regulatory compliance and investor confidence.
A significant benefit of utilizing K-MINE’s consulting and scientific services is our reliance on proprietary software, integrated seamlessly into our operations. This approach not only enhances the efficiency of our processes but also obviates the need for additional software license expenses for our clients. Leveraging our in-house tools allows us to offer cost-efficient services, providing both superior quality and exceptional value in our consulting deliverables.
More Mining Consulting Services
Mineral Resource Estimation
Preliminary Economic
Assessment
Pre-Feasibility Study
Feasibility Study
Definitive Feasibility Study
Due diligence And
Project Evaluation
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Accurate resource estimation is essential to any successful mining project. Contact K-MINE today to discuss your project’s needs and learn how our MRE services can help you make confident, data-driven decisions.