Dynamic Cut-off Grade and Production Rate Optimizer
GeoMine OptimCut (OptimCut) is a dynamic cut-off grade and production rate optimizer. Given a set of nested pits or a stope design, a user-defined dollar formula (expressed as a function of metal price, recovery, fixed and/or variable costs of mining, processing and refinery. etc.), OptimCut finds N-best yearly cut-off grade and production rate policies, each of which maximizes NPV over the life of the mine while respecting the precedence constraint using a Constrained Dynamic Programming algorithm based on the Principle of Optimality. The output of OptimCut (N-best optimal cut-off grade and production rate policies) can be used for preliminary project evaluation or as input to iScheduler for subsequent optimal Life-Of-Mine scheduling.
Powerful: create constrained, unconstrained or static cut-off grade and production rate policies. Metal price can vary over time, so can mining, processing, transportation and any other costs.
Scalable: multi-threaded implementation utilizes all available CPU cores to speed up calculations for large projects.
Flexibile: ability to define your own dollar formula to adapt to your specific mining project.
Easy to use: seamless workflow within the integrated GeoMine workspace that allows you to compare and contrast multiple policies side-by-side.
OS: 64-bit Windows Vista, Windows 7, 8, 8.1 or 10 Disk Space: 30 GB Ram: 8 GB CPU: Intel i7 Quad Core CPU Additional Requirements: none.