Session Details
Every industry eventually discovers it has been measuring what is easy to collect rather than what determines success. Baseball learned it the hard way — the story behind the 2011 movie Moneyball — when teams that measured what predicted winning beat those still trusting the scout's eye. Mining is world-class at grade, intercepts, and cost per metre, and far weaker on other key drivers of the outcome: density, structure, rock competency, depth continuity, recovery behaviour, and uncertainty itself. So, exploration chases what looks familiar, mines get designed around the de-risked fraction rather than the full orebody, and projects reach production without hitting the numbers that financed them. Is mining measuring what is easiest to collect, or what determines value?
10 a.m. - 12 p.m.
Mining moneyball: Blind spots holding exploration and mining back