The geometrical accuracy of georeferenced digital surface models (DTM) obtained from images captured by micro-UAVs and processed by using structure from motion (SfM) photogrammetry depends on several factors, including flight design, camera quality, camera calibration, SfM algorithms and georeferencing strategy. This paper focusses on the critical role of the number and location of ground control points (GCP) used during the georeferencing stage. A challenging case study involving an area of

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... 0+ ha, 100+ GCP and 2500+ photos was used. Three thousand, four hundred and sixty-five different combinations of control points were introduced in the bundle adjustment, whilst the accuracy of the model was evaluated using both control points and independent check points. The analysis demonstrates how much the accuracy improves as the number of GCP points increases, as well as the importance of an even distribution, how much the accuracy is overestimated when it is quantified only using control points rather than independent check points, and how the ground sample distance (GSD) of a project relates to the maximum accuracy that can be achieved.