RE: Key points30 May 2024 11:48
Re drill targeting...
Kobolds unique approach to drill targets...
Kobold: "Instead of drilling where we already have high confidence in the resource definition, we strategically collect data from areas that will provide the most information, to help us decide where the next hole should go – and the one after that, and so on. It’s a sequential planning exercise. We’re applying techniques rooted in Decision Science – widely used in fields like aviation navigation – to guide our decision-making. We need to consider: How can we get the most information out of this dollar and this time so that we get the best possible understanding of the resource to support the development of a mine in the shortest time frame?"
Suppose you design a mine plan for one chunk of resource. In that case, you may discover that the mineralisation is actually much better two kilometres away, and your mine plan is no good anymore. You will have designed a very suboptimal mine because your shaft is in the wrong place. Or, if you’re wrong about the boundaries of the resource, you might miss out on something really valuable. False negatives can be very expensive. That’s one of the reasons that an aggressive exploration program here is so important: we need to know where the deposit’s centre of mass is."