Updated the formulas and readme text.
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<?xml version="1.0" encoding="UTF-8"?>
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<project version="4">
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<component name="VcsDirectoryMappings">
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<mapping directory="" vcs="Git" />
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</component>
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</project>
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Formulas.txt
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Formulas.txt
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Use Average Weighted Grade to calculate Recovery and Processing cost then use these two to calculate cut off grade using the formula cof(g) = processing cost / ((net price) * recovery). Use inputs from a table. Make graphs in Python for the Cutoff Grade, Recovery, Processing Cost.
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# Description
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The process began with utilizing average weighted grade data from a table to determine the recovery rate and processing costs. These values were then applied in the cut-off grade calculation: Cut-Off Grade = Processing Cost / ((Net Price) * Recovery). The average weighted grade and net price were sourced directly from the table. Finally, Python was employed to create graphs illustrating the cut-off grade, recovery rate, and processing cost trends.
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Cut-Off Grade = Processing Cost / ((Net Price) * Recovery)
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cof(g) = processing cost / ((net price) * recovery)
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Recovery = Rmax * (1 − e^(−k*G))
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Processing Cost = a + b*G
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recovery = Rmax x (1−e^(−k⋅G))
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processing cost = C0 + C1/G
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# Processing Cost Formulas
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1. Fixed + Grade-Dependent Cost Model
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processing cost = C0 + C1/G
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2. Tabulated Cost Based on Grade
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Table equivalent for the given grade
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3. Regression from Real Cost Data (Realist)
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2. Regression from Real Cost Data (Realist)
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Linear: C = a + bG
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Inverse or logarithmic: C = a + b/G or C = alog(G) + b
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Inverse or Logarithmic: C = a + b/G or C = a*log(G) + b
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3. Tabulated Cost Based on Grade
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Table equivalent for the given grade
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# Recovery Formulas
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1. Empirical Linear Model
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@ -21,7 +21,7 @@ x_0 = 0.8 # Grade at which recovery rate reaches ~50% of R_max
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df["Recovery (%)"] = (R_max / (1 + np.exp(-k * (df["Weighted Grade (%)"] - x_0)))) / 100
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# === Processing Cost Estimation (Regression from Real Cost Model) ===
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# === Processing Cost Estimation (Linear Regression Model) ===
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# Processing Cost ($/t) = A + B * Grade
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# Reflects increasing cost with higher grade due to more intensive processing
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A = 12 # Fixed base processing cost ($/t)
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@ -2,6 +2,12 @@
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This Python script is designed to calculate the cut-off grade for use in Mining Economics. It begins by calculating the recovery using a logistic model based on the weighted average grade. Next, it estimates the processing cost through a regression model derived from actual cost data. Using the calculated recovery, processing cost, and net price, the script determines the cut-off grade. Finally, all calculations are visualized through a graph for better interpretation.
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Cut-Off Grade = Processing Cost / ((Net Price) * Recovery)
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Recovery = Rmax * (1 − e^(−k*G))
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Processing Cost = a + b*G
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# Author
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