RSE3020 - Resource estimation - 2019

The mineral inventory of a company is quantified through resource or reserve estimates with associated error levels that, in many cases, are unknown. The estimation procedure used by a geologist or engineer should incorporate efforts to minimise errors and assumptions at every level of decision.

This unit focuses on resource and reserve estimation of mineral ores and hydrocarbon deposits, with particular focus on the influence of the in situ geological conditions. Students will learn the basics of resource and reserve reporting with particular reference to applicable industry codes. Resource modelling will be taught through computer applications with special consideration of geostatistical techniques.

At the successful completion of this unit you will be able to:

1. Appreciate the difference in sampling methods applicable for various resource types.
2. Construct resource models from exploration datasets using industry standard software tools.
3. Apply different statistical and geostatistical tools and techniques for evaluating the grade and tonnage of mineral resources.
4. Assess the merits and drawbacks of various estimation methods relevant to deposit type and quantify the uncertainty and risk associated with different estimation techniques.
5. Generate resources and reserve reports using applicable industry codes.

Continuous Assessment: 50%

Examination (2 Hours): 50%

Students are required to achieve at least 45% in the total continuous assessment component and at least 45% in the final examination component and an overall mark of 50% to achieve a pass grade in the unit. Students failing to achieve this requirement will be given a maximum of 45% in the unit.

3 hours lecture, 2 hours practice class, 7 hours private study per week

See also Unit timetable information