VarianceLabs.cloud

The new paradigm in knowing geological and mineral resource risk

Understand and quantify uncertainty and risk inherent in your mineral resource.

From exploration and discovery to operations and closure, risk is a feature of every mineral resource development project. With VarianceLabs, identify and manage risk with strengthened confidence in your critical go / no-go decisions.

The VarianceLabs' cloud-based solution helps you to:

Make decisions grounded in understanding inherent geological uncertainty.
Maximise the value of your old and new exploration and resource evaluation data.
Engage the entire project team, collaborating online any time, any where.
Optimise your resource development critical path and timeline.

The VarianceLabs Solution

The VarianceLabs solution is for explorers, miners and project stakeholders.
Explore the five VarianceLabs dashboards:

QA/QC

Identify, manage and rectify errors and inconsistencies in fundamental project data.

An essential first step in minimising the impacts of inherent uncertainty present in geological models, mineral resource and ore reserves estimates.

Exploratory Data Analysis

Examine and understand both statistical and spatial distributions and relationships between project data of all types, both numeric and categorical, including, but not limited to, geology, mineralogy, alteration styles, assays, rock mass properties and down-hole geophysics.

Resource Model Insights

Ensure that your geological models and resource estimates reliably inform parameters critical to project viability that form the basis of essential development decisions.

Inherent Uncertainty Management

Understand the potential for alternative geological interpretations, mineralisation grade and physical properties estimates. Optimise exploration and resource evaluation drilling by targeting variance and entropy. Communicate uncertainty in consistent, readily understood.

Environmental Footprint Monitor

Harness the capabilities of Earth observation satellite imagery to recognise and monitor the impacts of exploration, project development and operations on local communities. Demonstrate the effects of environmental stewardship at all project stages

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OUR SOLUTION

Scalability

Data analysis may be executed and results examined on a broad range of devices - tablets to laptop to desktops.

The AWS powered platform scales to your project dataset and complexity of the task.

Problem

Collaboration

Create a shared understanding – not just a shared document - through dashboard collaboration features that capture the reasoning underpinning critical decisions.

Modern exploration and resource development projects are invariably team efforts. Teams are most effective when all members are on the same page and collaborate in progressing projects through informed decisions and actions, anywhere, any time.

BENEFITS

Find answers to big questions with VarianceLabs

Answer questions using Uncertainty:

How has each new drill hole contributed to my project?
How do I increase the value of data provided by each new drill hole?
How much additional drilling is needed to ensure my project is consistent with my company’s and investors’ appetite for risk?
How do I identify and deal with inherent uncertainty affecting my project?

Answer questions of quality:

How do I ensure that my project’s fundamental data is robust and does not contribute to uncertainty?
How can I improve the scope and quality of my data to further reduce uncertainty?
How can different types of data be integrated to deliver greater geological understanding and insight?

Answer questions of ESG:

Does the project’s expected opportunity outweigh its inherent uncertainty and risk?
How can I monitor and alert to site activities and change in the site environment?
How can I effectively build a more transparent and informed relationship with project stakeholders?

Conceptual diagram illustrating the increased detail from simulation modelling compared to traditional modelling.

Let's dive into the VarianceLabs solution in more detail...

Explore the solution

Join the new movement in mining and exploration. Unleash robust data-driven decision making through uncertainty quantification.

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