In Episode 106 of Fresh Thinking by Snowden Optiro, Executive Consultants Ian Glacken and Graeme Lyall discuss the practical realities of mineral resource classification.

This episode explores current best practices and highlights the importance of combining data-driven methods with geological insight. Whether you're a junior or major, this conversation will help sharpen your classification strategy and confidence levels.

This podcast at a glance:

⏱️ 00:15 – Why resource classification matters across global reporting codes

⏱️ 01:55 – Introduction to the 90-15 approach for confidence-based classification

⏱️ 04:00 – The dangers of the “spotted dog” effect and how to avoid it

⏱️ 05:21 – Calculating drill spacing the smart way: distance-to-holes technique

⏱️ 07:04 – Alternatives to drill spacing: kriging variance and its limitations

⏱️ 08:00 – Why close spacing doesn’t always mean high confidence

⏱️ 09:01 – The two-indicator approach: origins, application, and benefits

⏱️ 13:01 – Assumptions, limitations, and when to adjust the 90-15 rule

⏱️ 17:00 – When the two-indicator method doesn’t fit: deposit-style considerations

⏱️ 18:00 – What’s coming in Part 2: simulation and scorecard approaches

If you would like to contact Ian and Graeme: contact@snowdenoptiro.com

🔔 Subscribe for more Fresh Thinking about the mining industry.

This podcast is also available as a cideo on our Snowden Optiro YouTube channel: https://youtu.be/7CqcvRDi9Jw

Snowden Optiro is a resources consulting and advisory group that provides independent advice, consulting and training to mining and exploration companies, their advisors and investors.

We help mine developers to advance their projects, mining companies to improve their operations and their professionals, and investors to de-risk their investments by the provision of quality advice, training and software in the field of Mineral Resources and Mineral/Ore Reserves.

Find out more at https://snowdenoptiro.com

Professional Development courses: https://snowdenoptiro.com/professional-development/

contact@snowdenoptiro.com

In this episode of Fresh Thinking by Snowden Optiro, Executive Consultant Ian Glacken interviews Senior Mining Consultant Pedro Ladeira on a topic that’s often overlooked—but critically important: fixed costs in strategic mine planning.

This podcast at a glance:

00:00 – Introduction: Why fixed costs matter in mine planning

01:00 – How variable costs are typically applied in mine plans

02:20 – What are conditional fixed costs and why they matter

03:50 – Impact of fixed costs on strategic planning and scheduling

05:10 – Reclaiming low-grade stockpiles and the role of fixed cost reduction

06:30 – Fixed vs variable costs in processing plants

07:45 – Stockpiling strategy and mine life optimisation

08:50 – When to start accounting for fixed costs in planning

09:30 – Final thoughts: Using fixed costs to optimise your NPV

This is a must-listen for anyone involved in mine planning, financial modelling, or operational strategy.

If you would like to contact Pedro or Ian: contact@snowdenoptiro.com

🔔 Subscribe for more Fresh Thinking on mining strategy, geology, and resource optimisation.

Snowden Optiro is a resources consulting and advisory group that provides independent advice, consulting and training to mining and exploration companies, their advisors and investors.

We help mine developers to advance their projects, mining companies to improve their operations and their professionals, and investors to de-risk their investments by the provision of quality advice, training and software in the field of Mineral Resources and Mineral/Ore Reserves.

Find out more at https://snowdenoptiro.com

https://snowdenoptiro.com/professional-development/

#MinePlanning #MiningStrategy #FixedCosts #NPV #MiningPodcast #SnowdenOptiro #FreshThinking

In this episode of Snowden Optiro's Fresh Thinking podcast, host Pedro Ladeira (Senior Consultant) is joined by Hamish Guthrie (Managing Consultant, Mining Engineering) to explore the critical role of cut-off grades in mining. From defining what a cut-off grade is to explaining how it's applied across different operations and project stages, they discuss the strategic, economic, and technical factors that make this small number a big deal.

If you would like to contact either Hamish or Pedro: contact@snowdenoptiro.com

This Podcast at a Glance

🕒 0:21 – Why cut-off grade is a critical input in mine planning and production

🕒 0:51 – What a cut-off grade is and how it helps define economic inventory

🕒 1:56 – Differences in how cut-off grade is applied in open pit vs. underground mining

🕒 3:34 – How cut-off grades are used at different project stages: resources, planning, daily operations

🕒 4:18 – What goes into calculating a cut-off grade: revenue, cost, taxes, and recoveries

🕒 5:53 – Are cut-off grades fixed? When and why they change over time

🕒 7:00 – The importance of aligning cut-off grade strategy with orebody characteristics

🕒 8:13 – How mining method and processing route influence the cut-off grade

🕒 8:50 – Why cut-off grade is never static — and how operations review it regularly

🕒 9:29 – Final take: the cut-off grade as a key to both short-term gains and long-term sustainability

This video podcast is also available as a free video podcast on Snowden Optiro’s YouTube Channel.

Snowden Optiro is a resources consulting and advisory group that provides independent advice, consulting and training to mining and exploration companies, their advisors and investors.

We help mine developers to advance their projects, mining companies to improve their operations and their professionals, and investors to de-risk their investments by the provision of quality advice, training and software in the field of Mineral Resources and Mineral/Ore Reserves.

https://snowdenoptiro.com

https://snowdenoptiro.com/professiona...

contact@snowdenoptiro.com