2:00 - 2:25 pm | Room 515A
This paper will first define, at a high level, what a cut-off grade is. It will then delve into the linkage between COG and how it supports, or hinders, attaining your overall corporate objectives. The importance
of fully understanding and defining these objectives should be well understood and communicated before venturing down a cut off grade practice. We will then explore what goes into a cut off grade calculation and
the impact that this has on your reserves base, mine plan, cashflow and overall sustainability of your operation. Presented will be a summary of what various cut off grade policies and inclusions are used in the
industry (based on a survey of nearly one hundred projects and operations). Finally, it will be understood that the selection of a cut-off grade is essentially a trade-off off study exploring a multitude of scenarios
that reflects your own project or operations objectives.
