B E D G

BRISBANE EXPLORATION DISCUSSION GROUP

&

Notice of Meeting

Using uncertainty in the Mineral Discovery Process to assess exploration risk

The mineral discovery process is a multi-phase decision making process. It deals with the investment of exploration capital into a potential asset, the undiscovered ore deposit.Exploration risk is the potential loss of this capital.It can be assessed by modelling the uncertainty in the NPV of undiscovered deposits within a prospective terrain.To do this, processes such as Monte Carlo simulation are required to integrate geological and economic uncertainty.

Presented by Darryn Hedger

Darryn has over 15 years experience in base-metal,
copper, gold and uranium exploration with such companies BP Minerals, Freeport,
Zapopan and BHP Minerals.He is
currently studying his PhD in mathematical geology at the W.H. Bryan
Mining Geology Research Centre, University of Queensland, while operating a
small geology consultancy, Geo Logical Pty. Ltd., with his wife Linda.

Time & Place: Tuesday 19^th June 2001 5.15 for 6.00pm

The Theodore Club

Level 1,

333 Adelaide Street, BRISBANE

Cost: $6.00 + cash bar; (includes finger food etc)

BEDG contacts

If you have received this flyer by post or facsimile and wish to use your email address please advise Doug Young at findex@gil.com.au.