Mineral Reserves by Type

Mineral Reserves by Type

Postby fwiggins » Tue Jun 07, 2011 3:30 pm

A ‘Mineral Reserve’ is the economically mineable part of a measured or indicated mineral resource. It is inclusive of diluting materials and allows for losses that may occur when the material is mined.

A ‘Mineral Resource’ is a concentration or occurrence of material of intrinsic economic interest in or on the Earth’s crust (a deposit) in such form and quantity that there are reasonable prospects for eventual economic extraction.
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