We are pleased to present our second webinar in our GEOVIA Innovation Webinar Series!
As the capital investment for open pit projects becomes more difficult to obtain, more focus is placed improving the strategic plan to maximize the project’s value and return on investment. Applying this focus during the early stages of evaluation often yields dramatic changes to the overall project scope. Currently, many mines use GEOVIA Whittle to produce economic pit shells based upon the Pseudoflow algorithm and then manually craft a mining sequence from those potential pushbacks.
In this webinar, we will outline how Advanced Simultaneous Optimization (Advanced SIMO) – a GEOVIA Whittle module – can be used to produce a better strategic schedule and extract greater value from the project.
In addition, we will also examine the benefits of rapid, multi-scenario analysis of a wide variety of potential options or future economic conditions on the project’s viability by using SIMULIA Isight in conjunction with Whittle.
Webinar highlights include:
- Simultaneous optimization of the most critical components of the schedule: mining sequence, stockpiling strategy, and processing cut-off grade
- Ability for Advanced SIMO to optimize complex projects for dramatic improvements in NPV, particularly with multiple pits and processing options
- CAPEX optimization inside of Advanced SIMO determines optimal project scale, eliminating time spent trying different CAPEX scenarios.
- Benefits of Robust Strategic Mine Planning, using SIMULIA’s simulation tool Isight in conjunction with Whittle to further optimize and reduce risk of project using rapid, multi-scenario analysis.
Presenter: Patrick Cawley, Mining Knowledge Consultant GEOVIA, Dassault Systèmes
Date: June 7, 2018
Time: 9 AM Vancouver time (PDT) | 10 AM Perth time (AWST) | 3 PM Paris time (CEST)
Location: This webinar is over now, but you can watch our replay here!