Due Diligence: How long is a piece of string?
Companies considering an option to purchase a mineral asset generally embark on some form of technical due diligence, review or audit to assess the asset and inform management of the key technical and financial risks and opportunities associated with the asset. Derisk works with clients to carefully understand what they require from their due diligence to enable an appropriate scope of work to be assembled.
The value and importance of geological database integrity
Exploration and mining companies have only one primary asset – what’s in the ground they own or have rights over. Consequently, the geological database is the cornerstone of a company’s most important asset.
Who reads your Ore Reserve statement and why?
Ore Reserve is a critically important term used throughout the minerals industry. Defined in the JORC Code as “the economically mineable part of a Measured and/or Indicated Mineral Resource”, it includes an estimate of tonnes and grade (or quality) at a project or operating mine. But this important set of numbers is much more than this, and means very different things to different stakeholders.
Mining: High risk or high rewardMining is often regarded as a “high risk” industry, also capable of delivering “high rewards” when times are good. Derisk Geomining Consultants, as the name implies, is focused on providing services that minimise technical risk and maximise the value of your most valuable asset – your mineral deposit.
Public vs. private mining companies: Some pro's and con's from a techncial perspectiveMining is a global business and operated by both publicly listed and privately-owned companies. From a technical perspective, what are the key advantages and disadvantages of each option?
What is safety and how is it achievedDerisk Geomining Consultants principal consultant Mal Dorricott defines safety as an outcome that is achieved when an activity is completed or a process operates without harm to the assets involved in that activity or process.
Will innovation make existing drilling, geological logging and sampling methods redundantDerisk Geomining Consultants director and principal geologist Mark Berry recently gave a thought-provoking presentation titled ‘Will innovation make existing drilling, geological logging and sampling methods redundant?’ to the Australian Drilling Industry Association (ADIA) 2017 conference.
Berry, M, 2018. Geological uncertainty – a key challenge for effective life-of-mine planning, in From Start to Finish: A Life-of-Mine Perspective, pp 27–32 (The AusIMM). https://www.ausimm.com.au/productcatalog/productlisting.aspx?ID=16
Australian drilling trends: Boom to bust and beyond (Conference presentation and lightly refereed extended abstract)
Berry, M, 2017. Australian drilling trends: Boom to bust and beyond, in Proceedings Drilling for Geology II Conference 2017, pp 3–8 (The AIG). https://www.aig.org.au/bulletins/
Benchmarking – does it have a role in improving the performance of mining geology? (Conference presentation and refereed technical paper)
Berry, M, 2014. Benchmarking – does it have a role in improving the performance of mining geology?, in Proceedings Ninth International Mining Geology Conference 2014, pp 361–366 (The AusIMM). https://www.ausimm.com.au/publications/epublication.aspx?ID=16019
The importance of understanding uncertainty and risk associated with all geological inputs to ore reserves (refereed technical paper)
Berry, M, 2014. The importance of understanding uncertainty and risk associated with all geological inputs to ore reserves, in Monograph 30 – Mineral Resource and Ore Reserve Estimation – The AusIMM Guide to Good Practice – Second Edition, pp 585-592 (The AusIMM). https://www.ausimm.com.au/publications/publication.aspx?ID=15848