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[00:00.41] Once again, there are many possibilities, all consistent with the data. Some with a lot more metal, some with less.

[00:11.57] And the difference is a measure of uncertainties.

[00:12.63] This enables us to know where we should collect information next, where we should drill the next hole, and when we can stop drilling and actually start building a mine.

[00:22.46] To build the mine of the future, we continue to contend with this uncertainty.

[00:26.18] The industry designs an entire mine based on a single model.

[00:29.90] We're developing KoBold mine, a mine-design optimization tool that looks at the many possible mine designs against the many possible ore body geometries that we talked about earlier.

[00:37.87] This enables the best decisions about how much ore we're going to mine, how much waste we're going to produce, how much water we'll use, the cash flows, and so on.

[00:46.37] This enables the best mine planning decisions about where to put permanent infrastructure, like a shaft.

[00:53.81] Where the traffic and the tunnels will be placed so we can make efficient decisions, and also how we can maximize the ore and the metal we get and minimize the waste.

[01:03.63] This technology will move into mine operations to help guide day-to-day decisions for efficiencies.

[01:10.54] Better predictions don't just mean profitability.

[01:13.73] It means a safer mine, knowing where the rocks are weaker.

[01:16.92] It means an environmentally sustainable mine so we can lessen our impact on the environment.

[01:21.97] And it also means a resilient mine with cash flows to support local communities and businesses through different commodity pricing cycles.

[01:31.26] Our Mingomba project in Zambia will be the mine of the future.

[01:34.72] It's being designed and developed by amazing talent from around the world, including Zambians and Africans like myself.

[01:41.62] We face the reality that our need for these materials will continue to grow because our lifestyles are going to advance and they're going to demand for it.

[01:50.12] So the mining industry must ensure they transform so we can become responsible miners and build better mines with better technology. Asante and thank you.