Should we use ranges on our publicly reported resource estimates to better reflect uncertainty? In this episode, I sit down with Andy Clay to hear how he sees the world of resource classification and variance in estimations. Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces. Please enjoy, and don't forget to follow RSC on all our social media platforms! Video: https://youtu.be/XylcFyybhUsLinkedIn: https://www.linkedin.com/company/rsc-mme-ltd Instagram: rsc_gram TikTok: rsc_tiktok #measuredpodcast0:00: Prelude5:08: Introducing Andy Clay7:59: Reporting codes34:56: Variance towers56:30: Case study1:00:10: Concluding remarks on reporting and classification

Rapidly advancing to the highest level of technical management in Tier-1 companies, while raising a family in challenging jurisdictions, Jill Terry also casually trained for a half marathon on the side! If you don’t get inspiration from this conversation, then we don’t know who next to talk to!Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/xxEgagv7KCYLinkedIn: https://www.linkedin.com/company/rsc-mme-ltdInstagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps1:05 Introducing Jill7:15 Working in PNG and Laos17:14 Diversity and inclusion28:29 Educational Development Tools36:10 ESG47:11 Which companies are getting it right?01:02:15 Corporate Strategy01:11:25 What’s next for Jill?

The conceptual founder of Leapfrog, Jun Cowan has an abundance of knowledge to share about geological modelling. Jun joins Rene in the Dunedin studio to discuss how he got his start, Leapfrog and his latest paper.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/8-2QPbG-3wgLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps1:40 Introducing Jun9:21 Joining SRK and developing ideas13:26 Making geological sections19:39 “Auto Domaining”23:03 Leapfrog – the journey31:42 Jun’s paper39:00 What should not have changed in the software50:20 Our Responsibility 54:50 Education1:04:55 Thoughts on the Parker Challenge1:09:52 Revisiting Jun’s paper1:12:40 Dealing with the naysayers

Returning to the Measured Podcast, Scott Dunham is joined by Mike Job as both get into domaining with Rene. The trio also discuss the recent AusIMM Mineral Resource Estimation Conference, The Parker Challenge and capturing uncertainty.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/NZWkanK9FWwLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps2:11 Introducing Mike and Scott3:55 The MREC Domaining Session and what was left on the table13:35 Discussing the term “geological domaining” as opposed to “estimation domaining”16:20 Boundary analysis20:20 Are we stuck in the grade shell space?24:13 Redefining what a “domain” is25:24 Is domaining an easy target?31:35 Is domaining essential for sparse data?34:00 Should domaining be given to the most experienced geo?41:20 Grade shell effectiveness45:35 Rene’s theory48:00 Quantifying uncertainty53:50 The Parker Challenge and training data1:00:30 Auto domaining1:03:30 Bootstrapping1:07:53 Pertinent components of your model1:14:45 Capturing Uncertainty1:21:27 Deposit error margins

How laboratories function is often a mystery to many. Rene is joined by Ben Cooke as they dive into laboratory processes, the Photon Assay, and what is in the pipeline for ALS.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/HDzi0p8hUcMLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps2:49 Introducing Ben5:58 The changes in the industry Ben has seen11:34 “Points of difference” and working with clients20:43 Lab audits25:11 Lab sampling techniques32:00 The CRM mystery40:41 Fusion & Assay process43:09 Photon Assay50:55 What’s in the pipeline for ALS?

Now retired, Dick Minnitt still remains one of the prominent minds in the field of geostatistics. Dick joins Rene to discuss moving forward in the sampling space, what Dick has been working on in his "retirement' and what SHOULD be done in the lab.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/7NhFfVbeoQ0LinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps2:32 Introducing Dick4:45 Is the sampling space moving forward?8:11 What work needs to be done to grapple with the challenges?11:52 The counter arguments to Dick's paper17:40 Who is going to make the change?23:35 The grouping and segregation error32:00 The rice experiment and proving Dick's theory35:51 Ripple versus Core splitter40:50 Introducing additional variance49:20 What Dick has been working on58:15 What is on Dick's mind?

Rene and RSC General Manager – Geoscience Dr Michael Gazley take a look at the data quality management system for Portable XRF, including the quality of data the instrument produces, Quality Control and pXRF versus laboratory data. #measuredpodcast Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://www.youtube.com/watch?v=9WSozN7W2LwLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok0:34 Introducing the pXRF and the quality of data2:14 What is the purpose/objective?4:26 The QA/QC sample does not exist8:21 Quality Control12:43 Sensible performance15:25 Variance of the system17:52 Controlling the data set20:35 Accuracy, precision and correcting for bias22:40 pXRF vs laboratory data25:20 Avoiding bad data26:30 Reporting data to JORC28:44 The future of pXRF and reporting data

Collaboration is very topical in the industry right now. Rene is joined by Great Boulder Resources Managing Director Andrew Paterson, as the two get into collaboration, competitiveness and being different in the industry.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/nQSzF1621DYLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps1:48 Introducing Andrew5:55 Great Boulder Resources9:00 Generalists vs Specialists10:30 Collaboration12:19 CEO Network17:00 Competitiveness in the industry19:40 Being "Different"23:50 The next generation of CEOs29:40 Andrew's involvement in other groups

Do Competent Persons own their work, and can they keep it when they leave their employers?Rene discusses this debate with Steve Rose, Morrie Goodz and Kym Livesley, highlighting the issue and putting forward potential ideas surrounding the topic.Steve’s thoughts on the topic over on LinkedIn:https://www.linkedin.com/posts/steve-rose-2a752219_how-long-should-a-competent-person-retain-activity-7043392161056247809-JtQG?utm_source=share&utm_medium=member_desktopMeasured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/onbp9nrxJkgLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok0:00 Do Competent Persons own their work, and can they keep it when they leave their employers?1:20 Introducing Steve, Morrie and Kym2:53 What brought Steve to put this question online?4:15 Who keeps the data?9:47 Steve on clauses & conflicts13:10 Morrie and Kym on JORC and contracts 19:06 The problem with cyber security27:40 The potential of the AusIMM and other professional societies in guiding the Competent Person

"Collaboration in the industry"In this instalment of the #measuredpodcast, Pim van Geffen and Rene get into a very interesting discussion about collaboration in the industry. How do we get there? How is uncertainty captured? What is the potential of Artificial Intelligence in collaboration? All this, and more…Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube:  @rscyoutubeLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rsc_gramTikTok: rsc_tiktok#measuredpodcastTimestamps2:06 Introducing Pim11:10 PDAC & ESG16:43 How we get to the point of collaboration28:27 The potential of AI in collaboration29:14 Learnings from all the data36:23 Data sharing39:02 Capturing uncertainty42:44 QA/QC46:46 The motivations behind our actions (Drive- Daniel Pink)53:45 Shifts in retail investor attitudes55:33 What is on Pim’s mind

Fresh off the Future Minerals Forum in Riyadh, Rene talks with Melbourne Mining Club Chairman Richard Morrow. Richard and Rene discuss the forum, the Melbourne Mining Club, the industry’s public image, and much more!Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/phN9F82cCxILinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps2:43 The Future Minerals Forum & industry changes in the Middle East13:50 Revelations from the Future Minerals Forum25:28 The IPO Market34:09 The Industry, investment & public image41:30 Melbourne Mining Club46:09 Selecting speakers50:58 Advancing the industry52:50 Richard’s final thoughts

Episode description not available.

Munich-based Francis MacDonald is the Co-Founder of Kenorland Minerals Ltd, and the CEO of Li-FT. Rene and Francis discuss starting a company, Li-FT & the Lithium movement, growing a team and much more!Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://youtu.be/tCp3IjntAYALinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps2:09 Introducing Francis10:25 Starting Kenorland21:40 The Kenorland business model24:40 Li-FT26:00 Is the Lithium movement sustainable?28:30 Li-FT and Metallurgy 31:50 Growing a team35:50 The next milestone for Li-FT37:19 What’s on Francis’s mind?

Allan Trench is an Author, MBA Director & Professor at the University of Western Australia Business School, and a well-known name in the industry. Allan and Rene discuss the value of a MBA in running exploration companies, they muse about Chat GPT, speculate on the future of gold mining, and much more.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/JgMd_aGQ0YYLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcast3:40 Introducing Allan10:00 The MBA debatehttps://www.amazon.com/Co-Opetition-Adam-M-Brandenburger/dp/0385479506 16:12 The ASX landscape28:00 Allan’s students & “data crunch”30:56 Growing the pie in Geology tertiary education39:28 Chat GPT and AIhttps://www.miningnews.net/strictly-boardroom/opinion/1444881/90-seconds-on-leadership (paywall)41:42 What is Allan working on?https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3512681 (Allan’s Green Gold paper)51:10 Will we be mining gold in 50 years?1:01:42 Learning & Reputation1:06:39 Board Composition & Governancehttps://www.amazon.com/Fish-Rots-Head-Boardrooms-Developing/dp/1846683297 https://www.amazon.com/Success-Equation-Untangling-Business-Investing-ebook/dp/B00A07FR4W 1:16:30 Standard Mineral Resources1:20:00 Creating the right analysis brackets1:22:30 Allan’s crystal ball for 2023

This week Rene talks to Chad Peters, Founder, President, CEO & Director of Ridgeline Minerals. Chad and Rene talk Chad's meteoric rise, being "different" in an industry where everyone claims to be, and marketing to shareholders.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://www.youtube.com/watch?v=C5cudcq7BgsLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps2:36 Introducing Chad and starting Ridgeline7:05 A moment of realisation….9:23 Building a team16:53 Being "different"19:05 Taking on unwanted projects24:03 Dealing with shareholders29:58 Social media33:24 Thoughts on the Gold market36:33 ASX vs TSX41:22 Mining & sustainability46:20 Competing with Crypto and other growing industries49:12 Chad's final thoughts

Nick Tate is the King of Geology YouTube, with his channel GeologyUpSkill amassing almost 12,000 subscribers and an astonishing 465,000+ views! Rene and Nick discuss Nick's career, how he broke into the YouTube scene and his motivation for sharing his wealth of knowledge.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: @rscyoutubeLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps1:30 Introducing Nick10:45 Exploring in Laos15:39 20 Rules of Exploration and the Down-Up approach23:20 Rule 2031:00 What made Nick pick up the camera39:23 YouTube goals44:28 What draws people to his channel45:55 The Creative Process57:00 Risks to your brand59:09 What else is on Nick’s mind?

In a Measured first, René is joined by two guests this week! René chats with Chrysos Corporation Chief Technology Officer Dr James Tickner and Technical Services Team Leader Tim Sennett about the developments and innovations being made at Chrysos, particularly the PhotonAssay.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/sYtwtLnm-k8LinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps3:08 Introducing Tim7:20 Introducing James10:10 What's happening at Chrysos13:15 Marketing the PhotonAssay27:20 Training people in the technology and going commercial33:15 The sampling process - precision & accuracy44:04 Convincing consultants47:46 What are people expecting from the data?50:45 Nigel Brand’s paper: https://www.appliedgeochemists.org/images/Explore/Explore%20Number%20169%20December%202015.pdf 54:30 Encouraging innovation and new technology in the mining industry1:01:01 The PhotonAssay & JORC1:05:10 THAT moment of realisation1:08:20 Sandy's podcast: https://youtu.be/W1PmnPO8mXQ1:10:40 Environmental Impacts of the PhotonAssay

Stuart Masters is an experienced head in the industry, with enough war stories to fill several books! René and Stuart sit down and talk about the industry, challenges we are facing and innovations being made.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!Video: https://www.youtube.com/watch?v=17VZNuczEE4LinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps2:44 Introducing Stuart6:40 Driving innovation by challenging the status quo9:45 Auditing14:30 Report Writing16:40 Stuart & JORC20:10 Issues with "Competence" and the growing complexities within the industry35:12 Stuart's standout companies38:12 Company Culture40:40 Stuart & Resource Geology42:49 Making Interpretations47:00 Innovations in the industry49:30 Data interpreting53:10 Top 3 things we need to wrestle with as an industry

A very experienced campaigner in the Resource field, Scott Dunham has a passion for sharing knowledge and opinions with the rest of the Mining and Resource industry. Join Rene and Scott as they talk what needs to change in the industry, Machine Learning, Cancel Culture, and much more.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/R-qu8bxPv_YLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktok#measuredpodcastTimestamps2:25 Introducing Scott7:15 Problems Solving & going independent in consulting11:57 Are the consulting models working?17:47 Shortages in Resource Geologists and training the modern geo23:40 Risk mediation28:10 Cancel Culture in the industry?37:54 The problem with resource geology45:31 How to revamp a system54:48 Where is change coming from?56:30 The Competent Persons discussion1:09:54 The risks in rushing changes1:13:30 Artificial Intelligence and Machine Learning

Rene sits down to chat with Deborah Lord, Director & Principal of VRM, specialists in mineral asset valuation. Rene and Deborah go into depth about how ESG affects projects, dealing with transgressions in the industry, and trying to solve issues in the education space.Measured is RSC’s podcast series, with RSC Managing Director and Principal Consultant René Sterk conversing with a range of industry personalities. Expect a range of talking points, many with a technical theme, but also some of our industry friends sharing anecdotes about their career in the mineral exploration and mining sector and thoughts on some of the issues the industry faces.Please enjoy, and don't forget to follow RSC on all our social media platforms!YouTube: https://youtu.be/GhBv7m_aPYwLinkedIn: https://www.linkedin.com/company/rsc-...Instagram: rscmmeTikTok: rsc_tiktokTimestamps2:31 Introducing Deborah8:10 VRM10:30 Deborah and how she got into the valuation space 21:13 How ESG effects projects29:40 Regulation and Over-Regulation 31:50 Dealing with transgressions: Iso Standards and auditing standards50:54 Uncertainty & Risk in valuation54:48 Deborah's thoughts on the education space#measuredpodcast