Case Study – A large gold miner in North Sumatra

NorthSumatraGoldMine

Case Study

A large gold miner in North Sumatra, Indonesia

PROBLEM

  1. Complicated data entry systems
  2. Non-standard assay management system
  3. Geologist and field staff were logging on paper in the pit
  4. Slow turnaround for grade control data users from capture to reconciliation stages
  5. No consistency and no data flow control mechanisms
  6. Non-compliance: A culture of database schema changes to force non-valid data into the database
  7. Non-compliance: Allowing non-valid data into the database compromised the veracity of the dataset and compounded several major issues within the database
  8. Language and cultural barrier to locate the source of their data issues
  9. Several generations of data consultancies had tried and failed to solve large scale issues in the importing, validating, exporting and reporting of the data.

SOLUTION

Database solution – A self-managed database solution with support from Expedio

OCRIS Mobile: Expedio designed and implemented a robust data capture solution customised with the client’s business rules, validation and formulas. Changes are delivered quickly and easily applied

OCRIS Logix: A stringent data management process from field logging to data management with a full, demonstrable audit trail.

OCRIS Model: Expedio introduced a standardised and secure data management system using Expedio’s own schema design and software configuration optimised for Gbis / Geobank Increased database security controls allowed the company to regain and maintain  the veracity of their database.

Global experience: Years of experience working around the world meant Expedio was able to address cultural and language barriers by building trust with the onsite staff and deliver on our proposed solutions

Custom validation: Customised rules and views ensured non-valid data would be unable to corrupt the new schema. With these rules in place Expedio was able to validate and audit their entire dataset and correct many historic data issues

GBIS/Geobank Optimisation: A decade of experience in optimising GBIS/Geobank systems allowed Expedio to get the most out of the client’s current data management software.

OUTCOME

Data Capture – Field logging process delivering a clean, controlled and rapid flow of data with errors trapped and corrected at the point of capture by the user

Export data on demand – Users can generate ready to use data on demand in standard formats for each production department in addition to automated mailouts of QC data results

Dataset control – Validation rules, views and security permissions

Data Management – By outsourcing the development and support to Expedio, onsite staff can now focus on the day to day data management. The data managers can now provide clean, valid and effective data to the Geologist, Engineers, Metallurgists and Surveyors onsite.

MESSAGE

The driving force behind any data management system is that it delivers Always Accurate Data

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Expedio Top Tip – Code Compliance

Code Compliance

Expedio’s Top Tip for May keeping Code Compliance:

Data Mining Code Compliance

Having inconsistent logging codes within a data set will cause major issues when modelling the data. “how do I use this – I can’t model my geology, how do I put this on a section?”  This can be caused by a field geologists creating there own codes in the field “Im not sure what this is, ill just use ???”

The old data management proverb of “S*** in S*** out” comes to mind.

Enforcing company codes is important, consistency in logging is the key. Having a standard set of codes allows data collected to be consistent from geologist to geologist, Field assistant to Field assistant.

Having a field logging tool that has built in checks for valid numeric ranges and valid logging codes like OCRIS Mobile is essential.

Having a process for adding new codes within your company will kept consistency when new codes are required.

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Is the worst over?

Is the worst over?

BoomCrashClock

Resource stocks have been rallying in recent weeks, with miners across all sectors – even the bottom end – enjoying gains.

Australia’s largest resource stock, BHP Billiton, hit a 2016 high today by rising more than $A20 – quite impressive when you consider the stock was threatening to fall below $14 in January.

While gold players have come off the boil, with many reaching 2016 (or in some cases, all-time) highs last month, almost all are much higher now than their 2015 closing prices.

Morgans analyst Adrian Prendergast noted this was the second re-rating event in resources to occur so far this year.

“The injection of positive sentiment has been enough to help commodity prices stabilise, which in turn we expect will be enough to pull us out of the downgrade cycle that has been undermining confidence in resources,” he said.

Prendergast noted that the improvement in some commodities had caught many by surprise.

Many thought the gold price was destined to dip below $US1000 an ounce this year, and there was almost no one who would have tipped an iron ore price of $60/t.

“We expect sentiment had become weak to such an extent that we are now likely to see a widespread ‘relief rally’ unfold across the sector, which could continue in fits and spurts throughout the remainder of 2016 carrying commodities to more sustainable (higher) levels.”

ANZ Research noted last week that while commodities had been one of the best-performing asset classes this year, the issue of oversupply remained, particularly in iron ore and coal.

“Whether commodity markets continue to move higher from here or suffer a reversal will be dependent on supply,” ANZ said.

“The recent rally raises the risk of previously curtailed supply being reactivated. In markets such as industrial metals, margins are improving quickly enough to see that occur in the short term.

“Whatever the case, the sustainability of this current rally will be reliant on how each supply side of the market reacts over the coming months.”

Morgans believes that now is the time for investors to “dip your toe back into the sector”.

It seems that many are, with positive early signs emerging across the sector.

MNN has noticed a substantial pick-up in the quantum and value of capital raisings, and in a further positive sign, many have been oversubscribed.

Most notably was Pilbara Minerals’ $A100 million raising, while Western Areas raised $70 million.

Gold developer Gascoyne Resources secured $15 million, while West African Resources was “swamped” with investor interest after a run of high-grade results, last week raising $12 million.

To earlier stage projects, Salt Lake Potash boosted its $5.2 million raising to $8.4 million on high investor interest, while Hastings Technology Metals scored $9.6 million off the back of a prefeasibility study.

At the much smaller end, raisings by Core Exploration, St George Mining, Helix Resources, Tyranna Resources, WPG Resources, and Liontown Resources were oversubscribed.

All of these signs have led Lion Selection’s Hedley Widdup to declare the time as 5 o’clock on the firm’s investment clock.

“The clock has moved from 4.30 in late 2015 to 5 o’clock now in reflection of improved liquidity for miners,” he told MNN.

“This time is just before the boom starts to take place, so we are saying the stage is set.”

Widdup said the cycle had bottomed.

“Investors broadly have changed their view toward miners, and the realisations that miners are 1) cheap and 2) probably have very little downside on price, have now set in,” he said.

“The conclusion is not centred on the longevity of the recent rally – the rally is only an important piece of evidence.

“Capitulation is over, and strong cash generation and growth appetite in gold is likely to lead to more balance sheet-funded M&A.”

Original article by Kristie Batten of MiningNews.net view the original article here

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Exports Surge on the back of Mining Technology

Exports Surge on the Back of Mining Technology

mining technology

Mining has long been thought of as a business of shovels and sweat, but in reality it is now driven by advanced mining technology and sophisticated software. Resources-linked technology is also one of the great unsung export success stories. At present, about 60 per cent of the mining software used around the world originates in Australia.

According to an Austrade report, “Mining Software and Related Technologies”, exploration and mining software (EMS) generates more than $600 million a year from mining-related revenues, more than $240 million of exports, and directly employs more than 2500 people.

The size and type of EMS firms varies, with 100 companies in the sector, ranging in size from less than $1 million to more than $100 million in annual sales. The sector is concentrated in Western Australia (45 per cent of businesses) and Queensland (30 per cent).

Australia is seen as a world leader in this field,” says Simon Ratcliffe, product development director of Maptek, an Australian-based international company. “Australians have a can-do attitude and the capacity to think across traditional borders rather than in niches, and that is very important for global miners.”

Original article by Derek Parker of the Financial Review view the full article here

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Expedio News – Daily Dashboard Reports

Expedio Monthly News

This was the March 2016 issue of Expedio’s Monthly News. Highlights were:

daily dashboard reports

Daily Dashboard Reports

Introducing customised high level reports for all Expedio clients. The Daily Dashboard Reports are a fully interactive reporting system. It allows executives, managers and supervisors the ability to see live reports on the go.

Key features include:

  • Management reports on the go
  • Drilling and Production summaries
  • Daily budget analysis
  • Interactive, app and web based
  • Fully customisable to your needs

Watch a short demo below of our Interactive Daily Dashboard Reports

Now is the time to upgrade! 
Why migrate sideways when you can migrate upwards to the leading edge OCRIS data management solution. Engage with Expedio and benefit by having access to the latest technology and industry knowledge along with ongoing cost savings that you can’t ignore.

See the full newsletter here

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Expedio Top Tip – Data Capture

Data Capture

Expedio’s Top Tip for March better Data Capture:

reusable data jigsaw data capture

Data capture is one of the most important processes in data management. Getting it right at the point of capture will negate many errors before they become a big problem further down the process stream.

A data capture tool should enforce strict standards on a user to only allow valid data to be entered. For example:

  • Enforce company codes – pick lists to fields to ensure adherence to company logging standards and avoid a situation of people creating their own geology codes.
  • Built in validation rules to allow worksheet checks, this provides the ability to define contextual checking of data within and across multiple worksheets. Validations will allow you to check for:
    • Overlapping or missing intervals
    • Invalid dip/azimuth/grid values
    • End depth checking
    • Invalid sample types or groups
    • Contextual or logical checking across data columns
  • Manage data flow – only allowing a user to export data once from a logging tool to avoid a double up in data in the production database and creating an issue of multiple data sets. Which data set is correct?

OCRIS Mobile allows for all of this and more, OCRIS Mobile has an unbeatable range of features combined with rock-solid data validation and management. OCRIS Mobile is the only choice if you want fast, accurate and dependable exploration or mining logging in the field.

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Expedio News – Data Capture, Preparing for the field season

Expedio Monthly News

This was the February 2016 issue of Expedio’s Monthly News. Highlights were;

Preparing for the field season with data capture

Preparing for the field season? 

Drilling, surface sampling or environmental monitoring at Expedio we believe it is the combination of a well-designed data capture solution and a clean data process that delivers always accurate geological data.

We have ready to go field logging modules for drilling, field mapping , Heritage PoW surveys, water management and mine production.  Be up and running within days starting from $1250 for an OCRIS Mobile digital data capture solution;

Data Capture

Rapid data entry – Fast, clean, efficient

  • Low cost and rapid implementation
  • Short learning curve and minimal training
  • ‘On the fly’ data validation with user friendly interactive reports
  • Camera / GPS / Digital Scales / Scanner data feed
  • Fully customisable to your company business rules
  • Compatible with all data management software products
  • Options to bundle with rugged hardware – hire or buy

 Data Management

Our services are expert, accurate, reliable and friendly;

  • Outsource your data management and IT overheads to us
  • Fast turnaround of clean, compliant data and reports
  • PAYG charge model – only pay for data management during your active field season
  • Single , centralised data source – eliminate those clunky spreadsheets and double-handling
  • Data Packaging,  audits and data migration services
  • Plotting
  • Delivery of Always Accurate Data

Come See Us At

RIU Explorers

Wednesday 24 & Thursday 25 February 2016 Esplanade Hotel Fremantle, Western Australia

The RIU Explorers Conference has earned a reputation as the major Australian forum for the resources sector, with mineral exploration companies and emerging new miners. Expedio will be there again this year so pop over and see us at BOOTH #43.

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