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24-MMP-A4 Mine Valuation and Mineral Resource Estimation: May 2018

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  1. Question 1 Geological Controls on Resource Estimation – Narrow Vein vs. Epithermal Gold
  2. Question 2 Conventional vs. Geostatistical Resource Estimation Methods
  3. Question 3 Mine Valuation – Market Conditions for Copper
  4. Question 4 O'Hara Capital/Operating Cost Formulation and the Mine-Life Rule
  5. Question 5 Revenue Estimation – Copper vs. Gold
  6. Question 6 Cash Flow, Risk/Sensitivity and Taxation Across Jurisdictions
  7. Question 7 Incremental Financial Analysis in Mine Development
  8. Question 8 Cut-Off Grade Definitions and Downstream Extraction Variables
  9. Question 9 Installed-Capacity Utilization, Sequencing and Sizing
  10. Question 10 Non-Ferrous Deposit Types – Geologic Settings, Models and Resource Estimation
  11. Question 11 Variogram Model Types, Their Basis, and Terminology
  12. Question 12 Nested Spherical Variogram – Gamma Values at Four Lags
  13. Question 13 Variogram Trends – Tolerance, Bandwidth and Anisotropy
  14. Question 14 Why Kriging and Inverse Distance Squared Often Agree
  15. Question 15 Simple Kriging – Matrix, Input Vectors, and Weight Sum
  16. Question 16 Block Ordinary Kriging – Weight Sum, Block Size, and Negative Weights
  17. Question 17 Block Estimate from Samples A, B, C – Weight Sum and Likely Weights
  18. Question 18 The McKelvey Diagram
  19. Question 19 National Instrument 43-101 – Summary
  20. Question 20 NI 43-101 Terminology – Ten Short Definitions
  21. Question 21 Standard Smelter Contract Terms
  22. Question 22 NSV vs. NSR – Definitions and Use
  23. Question 23 6.4: NSV and NSR Calculation for a Copper Concentrate

Start with Question 1 →

EGBC National Exam — Mining and Mineral Processing Engineering, 09-MMP-A4 Mine Valuation and Mineral Resource Estimation, 2018-May. 3 hours duration; closed book, with one handwritten 8.5×11 in. reference sheet (both sides) permitted; only an approved Sharp or Casio calculator allowed. Question 1 is compulsory (40 marks, parts 1.1–1.9); candidates then select THREE of the five optional Questions 2–6 (20 marks each) to complete the paper.

Reference texts: Isaaks & Srivastava, An Introduction to Applied Geostatistics (variogram modelling, kriging estimators); Hustrulid, Kuchta & Martin, Open Pit Mine Planning and Design (mine valuation, cut-off grade theory, incremental analysis); Gentry & O'Neil, Mine Investment Analysis (Canadian mining taxation, cash flow/risk, smelter contract terms, NSV/NSR); SME Mining Engineering Handbook, 3rd ed. (ore deposit models, mineral exploration/evaluation stages, equipment utilization); O'Hara, T.A., “Quick Guides to the Evaluation of Orebodies,” CIM Bulletin, Feb. 1980 (parametric capital-cost estimating); CIM Definition Standards for Mineral Resources and Mineral Reserves / National Instrument 43-101 (resource/reserve classification and reporting).