NI 43-101 puts a fair amount of legal liability on the Qualified Person preparing a resource or reserve estimate. The QP is to stand behind the accuracy of their work and take legal responsibility for it.
Every so often some new mining software comes along and I often wonder what are the risks in using it? Some examples of new mining software that I have heard about (but not personally used) nor have seen mentioned in any 43-101 studies are SimSched, the ThreeDify’s software packages, and Bentley.
Is the software doing everything correctly?
Given that as a QP I am legally responsible for my work, I am bit apprehensive about how I can be assured the new software will provide reliable and accurate results for which I accept legal liability. The last thing I would want to do is issue a public technical report which is found to be in error due to a software bug.
Irrespective of 43-101, if you are working at a mining operation the last thing you want to do is present management with an incorrect reserve, pit design, or production plan.
If you are a consultant, how agreeable will your client be when you tell him that his study was done using a novel software package and not one of the industry standard packages?
I recall working with a major mining company and there was a reluctance to adopt any new software that was unproven and not an industry standard. The company had no issue with buying the software nor paying the annual maintenance fees for the license. the concern was the risk in using it.
What if you have a limited budget?