1/9Thread: WHAT TO LOOK FOR ON YOUR NEXT SITE VISIT to any open pit mine: Floor conditions & big rocks. If the floors r not smooth, level & clean -like tabletop- then the trucks will be less productive &mining cost higher than average. The Big rocks are the 1st sign of of trouble
2/9 Looking up from below at that lower bench in the prev. pic you can see a lot big rocks have been pushed over the edge of the bench. While this immediately postpones the problem, the No. of big rocks on each bench increases as the pit deepens, ↘️ decreasing productivity.
3/9 Here, on another bench you can see how big rocks affecting productivity. The guys are drilling off a blast pattern on the left, and truck access hampered on loading bench below, making loading & hauling complicated and very expensive.
4/9 Also, there may be protrusions of solid rock not yet seen sticking up from the bench below that also have to be treated to get the floor level. In talking with the team, they pointed out the big rocks appearing in the blasts (below), blaming faulting & rock hardness.
5/9 Rock Breaking is sometimes done with a mechanical "pecker" or rock breaker (eg. from elsewhere on the right) but very slow and painful b/c the equipment breaks down a lot. Its a little cheaper and faster to do 2ndary blasting instead, but that comes with its own problems too.
6/9 If the rock is smaller than about desk-size the simple solution is to place bombs on top of each rock. If the rocks are bigger, it is better to drill (again) & blast the charged up holes (eg. from elsewhere below). Either way its expensive, time consuming & hazardous work.
7/9 A rule of thumb is that 2ndary blasting is 2-3 times more expensive than primary blasting, but the knock-on increase in load & haul costs is often forgotten. So, it is ALWAYS better to make adjustments to your primary drill & blast design & process to improve fragmentation.
8/9 The easiest way to improve fragmentation (reduce size & No. of rocks in a blast) is to increase the density of explosives (powder factor) per t of rock blasted, by reducing the burden and spacing. This increases D&B cost/t but also 2ndary blasting costs & milling costs.
9/9 In the case study shown, it took 8 months & 20 extra guys to blast 400kt! of big rocks, along with a reduced burden & spacing on the drill patterns, a reduction in hole diameter to resolve the problem. After this the total mining cost reduced 22% overall⬅️Higher productivity
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Good tactical & strategic planning along with execution is more important than grade. A 🧵
Our case study today is Pure Gold $PGM
& how it turned into Pure ..💩
1st, some theory you'll know if you have been following me 4 a while:
/1
These concepts are important because the decision was to use large trackless machines in the mining of the new access ramp & therefore say to say all ore development will be of a similar size as well. We should therefore expect dilution issues in narrower orebodies of Marsden /2
SRK (Vancouver) did quite a nice MRE for the Co. I know Wayne Barnett, he is quite a smart fellow & a good geo with solid experience. The report reads well, and tellingly, there are NO RESERVES & NO MINE PLAN. Alarm🔔's beginning to ring. /3
#Mining with Electric machines: A modern miracle to save the environment or a pipe dream? 🧵
I'll discuss both open pit & underground apps.
For 60yrs, engineers have been innovating electric mining machines b/c they're cheaper. An electric dragline moves 60t each swing.😳1/
These monsters are so huge, a ship's diesel engines don't cut it. Way before I was even born, the clever guys worked out its cheaper -on a per-tonne basis- to use electric motors connected to the grid. They work well and are excellent in soft-rock stripping operations. 2/
Mining is about LOGISTICS of moving large masses of material to expose what is valuable & then move the valuable material to extract the metal. All this movement requires a LOT of energy.👇If you have ever dug your own swimming pool, you understand.😏 3/
Some of you may have been following the $AUN debacle, a good e.g. when the Lassonde curve goes south. 😬
I will discuss a few important technical flaws in the Aurcana investment thesis. /1
A couple of things in the 2022 Feasibility study Mineral Reserve Estimate immediately jump out. 1- The reserve is small 2- The min. mining width is crazy 3- The dilution No.'s seem too precise
One thing mining is not is precise. It can be accurate, but that's a different thing/2
Let's learn all about this mining method from $AUN. Below are excerpts from the FS tech report with my comments in red.
A (nice) investor video of the mine explains the resue method quite well by the then COO during minutes 16:41-23:33.
1/ Lets review this Q: @Darken_Man got it right, well done.
Look at the pit floor: Very uneven, by far the biggest negative impact on this operation. Why? Slower reversing in, slower truck tramming, more difficult loading & damage to tyres. "How so?", you may ask.
Thread:
2/ Have you ever driven a car on a really bad road? Its slow and hurts the car. With trucks its way, way worse b/c trucks are the most expensive part of the open pit mining biz. & they're also the production conveyor that moves your product in diluted form to the plant.
3/ Consider a typical medium-sized OP operation with 180t dump trucks running an avg. cycle of 45 minutes, for 19 effective hrs/day. That works out to 1.64 million tonnes per truck per yr (with 5days off). Now, if the floor was level it would likely save 20-40 seconds reversing;
1) Thread: From Drilling to Open Pit Optimization For Dummies.
Imagine you have project and hire a truly great geologist who has drilled some fantastic looking sections based on a small surface anomaly he found from a surface geochem sampling program.
2) Your geologist (lets call him George) tells you its a pipe-like copper skarn, vertical in nature about 50m wide and open at depth that he interprets (a key word here) in section in this pic below. (We will keep things simple by staying in only two dimensions X & Y).
3) Your drill results come back and your copper values are amazing. The consultants concur with George's interp, and then create a 3D grid over of blocks over it, each block being approximately equal to a the minimum mining unit size, which for open pit would be about 10x10x10m.
1/11 $REG REVIEW Thread: - I'm a hopeful shareholder, underwater🙄for 3yrs now. Bought it at 1.65 - yeah crazy I know. Here's a review & why I'm still in. The pic below says it in 1000 words.
2/11 Probably the most important point is the property is and in particular the resource is part and the same of an adjacent operating mine, Tantahuatay, which is 40.1% owned by Buenaventura (the operators), 44.2% by Southern Copper & 15.7% by Regal Ware Inc. out of the USA.
3/11 Tantahuatay is a sweet oxide OP mine hitting the oxide cap above a huge porphyry & produced 110koz Au & 2.1Moz Ag last year. However this year production is F/casted to be 77koz Au as they start to get into the sulphides which cannot yet be processed.