mining resources vs reserves



Related Information:

Mineral resource classification

Mineral resource classification is the classification of mineral resources based on an increasing level of geological knowledge and confidence Mineral deposits can be classified as: Mineral resources that are potentially valuable, and for which reasonable prospects exist for eventual economic extraction; Mineral reserves or Ore reserves are valuable and legally, economically, and technically ....

Read More
Mining Valuation Techniques

The main mining valuation methods in the industry include price to net asset value P/NAV, price to cash flow P/CF, total acquisition cost TAC & EV/Resourc The best way to value a mining asset or company is to build a discounted cash flow (DCF) model that takes into account a mine plan produced in a technical report...

Read More
Mining Services Company

Mineral Resources Limited (MRL) is a leading mining services company with interests in commodities including iron ore, lithium and manganese...

Read More
Definition of reserve base

That part of an identified resource that meets specified minimum physical and chemical criteria related to current mining and production practices, including those for grade, quality, thickness, and depth The reserve base is the in-place demonstrated (measured plus indicated) resource from which reserves ,...

Read More
Proven reserves

Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reservIt is defined as the "[q]uantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing ....

Read More
Resources and Reserves

Reserves are that subgroup of a resource that have been discovered, have a known size, and can be extracted at a profit For example, of the world's estimated oil resource of three trillion barrels, the world's reserves are estimated at about a third of that amount Factors that affect profitability include the demand, market price, mining ....

Read More
Proven & Probable Reserves

a mineral resource and reserve estimate update at Cigar Lake, which added approximately 7 million pounds of proven and probable reserves other minor adjustments at Inkai Our share of measured and indicated mineral resources slightly increased from 423 million pounds U 3 O 8 at the end of 2018, to 424 million pounds at the end of 2019...

Read More
Resources and Reserves: Definitions & Examples

Reserves Are Part of a Resource Think about getting a slice of pie when you were a k You only got one piece on your plate, which was a small amount compared with what you knew was in the ....

Read More
Proved Reserves

Apr 29, 2018· Proved Reserves: A classification used in mining sectors that refers to the amount of resources that can be recovered from the deposit with a reasonable level of certainty Proved reserves ,...

Read More
Geology, Resource & Reserve Estimation

Mineral Resources are classified into Measured, Indicated, and Inferred categories based upon the density of data and confidence level on the resource estimate Mineral Reserves are classified into Proven and Probable categories based upon the corresponding resource category and economic mining ,...

Read More
SAMCODES

The correct reference for the SAMREC Code is: THE SOUTH AFRICAN CODE FOR THE REPORTING OF EXPLORATION RESULTS, MINERAL RESOURCES AND MINERAL RESERVES (THE SAMREC CODE), 2016 EDITION The History of the Development of the SAMREC Code The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the SAMREC ,...

Read More
Topic 3

Feb 01, 2016· Topic 3- mineral resource and reserve 1 This material is intended for use in lectures, presentations and as handouts to students, and is provided in Power point format so as to allow customization for the individual needs of course instructors...

Read More
Resources vs Reserves

Resources vs Reserves What do estimates of shale gas mean? 27 July 2013 Resources versus reserves 2 Note on resources versus reserves The British Geological Society report, published today provides an estimate of the gas in place in the Bowland-Hodder shale that underlies northern...

Read More
Mineral resource classification

Jun 25, 2013· The terminology used to define mineral assets is divided into 2 major groups: Resources and Reserv Figure 1 Resources and Reserves: The relationships between the five groups of mineral asset reporting Mineral Resourc A Resource is a concentration of a minerals that has a reasonable prospect of economic extraction...

Read More
Proven and Probable Mineral Reserves

Proven and Probable mineral reserves and Measured and Indicated mineral resources are commonly misused terms The exact definitions can be hard to find but here they are all in one place, referenced from NI 43-101 and the JORC code...

Read More
Reserve vs occurrence

Both the terms occurrence and reserve refer to some amount of a resource, however, the ideas are fundamentally differentPrimary fuels such as coal, oil, natural gas, and uranium are materials that occur on the Earth, and have associated occurrences and reservHowever, flows in nature like wind, solar and hydro only have associated occurrences, and no reserves as there is no "stockpile" of them...

Read More