WebFeb 25, 2024 · Resources can be classified as inferred, indicated or measured for miners. Reserves are valuable, and legally, economically and technically feasible to extract. Reserves can be classified as proven or probable for Miners. Here is an example of a JORC resource estimate from the Miaflores deposit for our gold investment Los Cerros (ASX:LCL). A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories. Inferred Mineral Resource is the part of a mineral resource for which quantity, grade (or quality) …
INDICATED RESERVES Definition Law Insider
WebThe term "Proven Reserve" refers to reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes; grade and/or quality are … WebThe Measured and Indicated resources are reported inclusive of those resources modified to produce reserves, unless otherwise noted. Commodity prices and exchange rates used to establish the economic viability of reserves are based on long-term forecasts applied at the time the reserve was estimated. airtel-vodafone guernsey
194 APPENDIX A - USGS
WebJORC Code 2012 - Mineral Resources and Ore Reserves WebMeasured Mineral Resource means that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation … Webmeasured and indicated mineral resources can be estimated with sufficient confidence to allow the appropriate application of technical, economic, marketing, legal, environmental, social and governmental factors to support evaluation of … airtel unlimited data plan for 1 month