> I start with a model of the plate,
If I follow you don't need this step
> I then create an assembly of the two parts. I create a derived part by subtracting the plate from the molded material.
and don't need this step
Create your Molded Part.
Start a new ipt part file and Derive Component the Molded Part as Body as Work Surfaces.
Offset a workplane and start a new sketch of the plate.
Extrude To Next the Derived Work Surfaces or
Extrude and use Split with the Solid option.
Turn off the visibility of the Work Surfaces.
Create your final assembly.
By this method you are creating the Tool from the Finished Part. If you change the Finished Part design the Tool is automatically updated.
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