Dave Lawie - Valuating Ore Body Knowledge - The Financial Keystone for Mining Success

“who pays to prevent something bad from happening?”... “What is the value of that?” - Upstream by Dan Heath
In the realm of mining, resource development and mineral exploration, Ore Body Knowledge stands as the critical financial keystone, shaping the economic viability and sustainability of mining ventures. This knowledge, when obtained early in the exploration phase and/or tactically during mining operations, can drastically reduce uncertainties associated with resource development and improve operational planning and financial forecasting.
It is akin to mining's Rosetta Stone, deciphering the intricate economic narratives embedded within the geological data.
The quantification of OBK's financial value has historically been a complex challenge, yet it is essential for investors and financial analysts seeking to mitigate risks and maximise returns from mining investments.
IMDEX is pioneering a research initiative aimed at quantifying the Value of Information (VoI) that OBK provides.
Join us this Wednesday 24th April 4pm AEST with Dave Lawie
to hear how this groundbreaking work promises to transform the mining industry by offering a clear, dollar-denominated perspective on the economic benefits of strategic, information-driven decision-making.

[@karaoke832]

Thank you Dave and Jessica. I am just back from Cambodia to my home in Lao PDR. 70% of our geophysics is with Chinese clients. They are less risk aversive and yes have Beijing setting their KPIs. When I started with Placer Pacific in 1985, North America was setting our KPIs and we were making discoveries and Mines. We are now making discoveries that are smaller in the most part, but the big discoveries will happen again because of the supply demands. I don't get caught up on which countries benefit. Empires come and go. But the climate temperature rise is nothing we can deny. Record highs here at the moment. A shame the Gross World Burning chart could not be up to 2024. A big increase in renewables since 2018. 劳动节快乐 - HAPPY LABOUR DAY. Keiran Logan/Logantek.

[@juliana8113]

Fantastic presentation - very interesting

[@jamesmcmillan2656]

Good stuff👍

[@Ian-vj5pv]

The success of such companies like imdex lies in the incompetence of the field and staff geologists especially of big corporations. They rather delegate the jobs than upskil themselves.