Gosselin mining headerStochastic Mine Planning

Stochastic Mine Planning

We help you through all the iterative mine planning process necessary to confirm economic, environmental and the societal viability and benefits of bringing mineral properties into production. We develop operational plans that are focused on supporting your company strategy. Our independent “Qualified or Competent Persons” also provide help with NI 43-101 or JORC Code reporting international standard.

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Essential to Modern Life

Orebody geological uncertainty has a significant impact on the real value of a mining project. A stochastic mine optimization approach was used for designing open pit mines based on geological uncertainty in association with stochastically simulated geological models and traditional optimization. The stochastic approach allows to develop open pit mine designs that capture maximum upside potential whilst minimizing geological risk.

Integrating geological uncertainty into life-of-mine pit optimization results in higher values in the mine schedule production planning and lower geological risk over the life-of-mine. Previous studies have confirmed that it is possible to achieve a higher value life-of-mine plan using stochastic optimization approach versus the conventional scheduling methods.

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Our projects

Saudia Arabia

Phos-3 Phosphate Project Technical Study

GOSSELIN Mining prepared mine engineering for a Feasibility Study Technical Report in order to evaluate the economic potential of a mineral project as per the disclosure requirements under JORC 2012.

Sweden

Woxna Graphite Project Technical Report

GOSSELIN Mining undertook a Preliminary Economic Assessment (PEA) Technical Report in order to satisfy the minimum mining disclosure requirements under National Instrument 43-101 (NI 43-101).

Saudi Arabia

Al Jalamid Phosphate Mine Ore Reserve Technical Report

GOSSELIN Mining prepared an Ore Reserve Technical Report in order to satisfy the client's disclosure requirements under JORC Code.

Customers Benefits

  • We help you get paid faster and develop world-class assets responsibly.
  • We help you cut cost and grow cash returns to shareholders.
  • We help you reach new customers and capture new markets.
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