Summit SOPP.

Strategic Optimisation.

Summit SOPP

Efficient Mine Optimisation

sopp-analysis

Rapidly assess the key value drivers in an uncertain environment – SOPP allows you to create thousands of possible open pit scenarios in one tenth of the time of traditional desktop pit optimisation applications. You can analyse the effects of changes in input variables in two ways – through sensitivity analysis and simulation analysis. Sensitivity analysis allows you to discover the individual parameters to which a project’s economics is most sensitive. It can reveal insights about value drivers that may not be apparent from investigating a small sample of alternatives. Whereas simulation analysis is used to understand the probability of achieving certain economic outcomes from a project such as NPV, cash flow and recovered metal. It allows you to compare candidate projects for capital allocation based not just on value but on the probability of achieving defining investment criteria. These two analysis tools is what really makes SOPP such a comprehensive and indispensable software for open pit mining professionals.

Key Features

Simulation Analysis

Simulation is used to understand the probability of achieving certain economic outcomes from a project. To do this reliably requires hundreds of optimisation runs with input parameters selected based on probability distributions of key variables, something which SUMMIT can achieve in hours. The result enables you to understand the probability of achieving specific outcomes such as NPV, cash flow and recovered metal. Simulation allows you to compare candidate projects for capital allocation based not just on value but on the probability of achieving defined investment criteria.

Sensitivity Analysis

Sensitivity analysis allows you to discover the individual parameters to which a project’s economics is most sensitive. Project value can vary in response to changes in costs, prices, recoveries and practical mining parameters. How the economics respond can only be reliably determined by systematically analysing a matrix of hundreds or even thousands of scenarios. Sensitivity analysis can reveal insights about value drivers that may not be apparent from investigating a small sample of alternatives.

Better Analysis in a Fraction of the Time

SOPP allows you to create thousands of open pit scenarios in one tenth of the time of traditional desktop pit optimisation applications. You can analyse the effects of changes in input variables in two ways – through sensitivity analysis and simulation.

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