Beyond Optimisation: Rethinking Value Creation in the Resource-to-Reserve Stage
Dr Mobin Nomvar presenting Beyond Optimisation: Rethinking Value Creation in the Resource-to-Reserve Stage at AusIMM, May 2026.
In this AusIMM talk, Dr Mobin Nomvar explores why some of the greatest unrealised value in mining and critical minerals projects can sit within the resource-to-reserve stage, where early decisions have material impact on long-term outcomes.
The presentation argues that as ore bodies become more complex, traditional optimisation alone is often not enough. Instead, it outlines the case for a broader, integrated approach that connects technical, commercial, environmental, and strategic decision-making earlier in the project lifecycle.
By treating early-stage studies as a structured, integrated innovation phase, the talk shows how teams can systematically explore alternative products, by-products, markets, and technology combinations, rather than defaulting to the “known path” that feels safest but may leave significant value on the table.
Dr Nomvar also introduces the concept of a deep tech innovation house as a dedicated capability layer that sits between exploration and traditional study phases, helping to manage complexity and bridge the structural gap between technical and commercial thinking
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Beyond Optimisation: Rethinking Value Creation in the Resource-to-Reserve Stage
Insights from AusIMM on why early decisions in the resource-to-reserve stage have an outsized impact on long-term value.
What is the highest-value future this deposit could support?
1. Optimisation alone is no longer enough
As ore bodies become more complex, value creation depends on early strategic decisions, not just technical optimisation.
2. The resource innovation window
The highest-value opportunities often exist before project pathways become locked in. Recognising this window is critical.
3. Connecting technical and commercial thinking
Better outcomes emerge when processing, product, market and sustainability decisions are considered together.