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24-MMP-A4 Mine Valuation and Mineral Resource Estimation: May 2013

Nivaar worked solution (AI-drafted; not reviewed by a licensed engineer)

  1. Question 1 Canadian Mining Taxation Fundamentals
  2. Question 2 The Semivariogram – Axes, Nugget and Range
  3. Question 3 Polygonal, Inverse Power Distance and Ordinary Kriging
  4. Question 4 Mining Economics/Finance/Accounting Definitions
  5. Question 5 Smelter Contracts – Price Participation
  6. Question 6 Drilling Around Ore-Body "Blebs"
  7. Question 7 Net Smelter Return and Net Smelter Value
  8. Question 8 Two-Structure Spherical Variogram Model
  9. Question 9 Kriging Techniques and the Volume–Variance Relationship
  10. Question 10 NPV of a Simple Annuity and Cut-Off Grade Categories
  11. Question 11 Smelter Contract Penalties, Payments and Disputes
  12. Question 12 Stages of Mineral Exploration and Evaluation
  13. Question 13 Net Smelter Return for a Blast-Hole Sample

Start with Question 1 →

EGBC National Exam — Mining and Mineral Processing Engineering, 09-Mmp-A4 Mine Valuation and Mineral Resource Estimation, 2013-May. 3 hours duration; one handwritten 8.5×11 in reference sheet permitted (not an open-book exam); only approved Sharp or Casio calculators allowed. Question 1 is compulsory (40 marks, parts 1.1–1.7); candidates then select FOUR of the six optional Questions 2–7 (15 marks each) to complete the paper.

Reference texts: Isaaks & Srivastava, An Introduction to Applied Geostatistics (variogram modelling, kriging estimators, volume–variance relations); Hustrulid, Kuchta & Martin, Open Pit Mine Planning and Design (mine valuation, NPV and cut-off grade methodology, mineable reserves, selective mining units); Gentry & O'Neil, Mine Investment Analysis (Canadian mining taxation, smelter/refining contract terms, net smelter return); SME Mining Engineering Handbook, 3rd ed. (mineral exploration and evaluation stages, ore reserve classification).