Quantitative Mineral Resource Assessments: An Integrated Approach Review

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Quantitative Mineral Resource Assessments: An Integrated Approach ReviewThis book is an immensely useful resource for geological surveys and government science units worldwide that provide input to mineral policy development. It is also a valuable reference for exploration managers involved in the strategic planning of future exploration programs. Both these situations require assessing potential financial returns associated with mineral resource potential as well as issues of uncertainty and risk associated with decisions based on scientific interpretation. Cornerstone to such assessments is the integration of geological information and its conversion into a form that can support objective decision-making. This book presents a robust framework that meets this need, focusing on minimising bias and transforming crucial geological information into a form on which decision-makers can base economic decisions.
If you are interested in target generation, this book on its own is probably not what you are looking for, however it provides a companion resource that will give regional context. In an exploration environment that is increasingly recognising the need to integrate information from a range of scales, this book provides a toolkit for the 'big picture'.
The book covers:
- deposit models (descriptive, density, grade & tonnage)
- integration of geology and deposit models to support quantitative economic analysis
- estimating numbers of undiscovered deposits, and
- exploration risk
Each section is well organised. The language is easy to understand, and examples and descriptions are given along with discussion of common errors made in quantitative assessments.
I use this book as a reference when I want to check on process and as a guide for geologists new to regional mineral assessment.
Verdict: 5/5. If you are a geologist involved in mineral resource assessment, brownfields or greenfields, this is a brilliant reference guide to have.
Quantitative Mineral Resource Assessments: An Integrated Approach OverviewPolicy makers, mineral exploration experts, and regional planners decide how public lands, which may contain undiscovered resources, should be used or whether to invest in exploration for minerals on a regular basis.Decisions are also made concerning mineral resource adequacy, national policy, and regional development.This book makes explicit the factors that can affect a mineral-related decision so that decision-makers can clearly see the possible consequences of their decisions. Based on work done at the US Geological Survey, the authors address the question of the kinds of issues decision-makers are trying to resolve and what forms of information would aid in resolving these issues.The goal of the process discussed is to offer unbiased quantitative assessments in a format needed in decision-support systems so that consequences of alternative courses of action can be examined with respect to land use or mineral-resource development. An integrated approach focuses on three assessment parts and the models that support them.Although the concepts presented are straightforward and understandable, in assessments, carefully listening to the experts in other disciplines leads to better products. Navigating through and making sense of QRA requires not just learning rules and equations, but life experiences and common sense. The judgment required to understand which tools to apply are best learned by example and experience. This will be useful to governmental or industrial policy makers, managers of explorations, planners of regional development, and similar decision-makers.

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