Canada: Tools to Effectively Evaluate and Communicate the Potential Value of Mineral Projects

When:
October 28, 2020 all-day
2020-10-28T00:00:00-07:00
2020-10-29T00:00:00-07:00
Cost:
Free
Contact:

For its Wednesday, October 28, 2020 meeting, CIM’s Management and Economics Society is pleased to welcome:

Guy Desharnais Ph.D., P.Geo

Director of Mineral Resource Evaluation
Osisko Gold Royalties

 

who will deliver a presentation on:

Tools to Effectively Evaluate and Communicate the Potential Value of Mineral Projects

 

Abstract: There are hundreds of exploration companies that are actively marketing their mineral projects as future profitable mines. A few key metrics can highlight the intrinsic value of a given project. A dozen drill holes can be used to evaluate the exploration potential, in-situ value, geometrical/grade continuity, thickness, applicable mining/processing method and cost structure for a given prospect. Most projects, however, also contain an inherent challenge or technical difficulty that makes them uneconomic or unacceptable for investment. Quickly discovering what those are, and evaluating the potential impact to revenue, cost and implementation is the key to a successful project evaluation workflow; this exercise requires a diligent and multidisciplinary team. It is easy and safe to say that the project is worse than advertised, they mostly are. The difficult part is establishing whether the investment opportunity outweighs the technical risk.

Technical evaluations need to be staged to avoid spending too much time on aspects that are low risk or on projects that lack merit. Effective reporting tools are fundamental to the process. Decisions makers are often technically peripheral to mining; their objective is to understand the risk and potential reward of a given project. Reports therefore, must distill and translate the technical information into a succinct and visually impactful format to enable decision makers to quickly grasp the economic potential for the current stage of review, and make a call to advance or discard the opportunity.

 

BIO: Guy Desharnais Ph.D., P.Geo, Director of Mineral Resource Evaluation with Osisko Gold Royalties, has worked in mineral exploration and resource estimation consulting. He led the team which won the Integra Gold Rush Challenge in 2016 (500k$) which applied a combination of geology, virtual reality, weight of evidence and machine learning techniques to identify the most prospective exploration targets. He was a CIM Distinguished Lecturer in 2017 where he shared his knowledge on Metallurgical Sample Selection, Application of Machine Learning to Exploration Targeting, and Resource Over-Estimation.

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that commenced activities in June 2014 and now holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its 5% NSR royalty on the Canadian Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including interests in Osisko Mining Inc. and Falco Resources Ltd.

 

Please join us!

Wednesday, October 28, 2020

 

Seminar is complimentary and seats are limited. Register by Tuesday, October 27, to secure your place. Please RSVP by replying to secretary@cimmes.org if you are interested in attending.

 

 

Thank you to our sponsor, Schulich Executive Education Centre.

 

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