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There are several classification systems for the economic evaluation of mineral deposits worldwide. The most commonly used schemes base on the International Reporting Template, [1] developed by the CRIRSCO – Committee for Mineral Reserves International Reporting Standards, like the Australian Joint Ore Reserves Committee – JORC Code 2012, [2] the Pan-European Reserves & Resources Reporting ...
The National Instrument 43-101 requires substantially more technical disclosure to the market than the equivalent JORC Code, because the JORC Code is primarily a code for reporting the status of a mineral resource, whereas NI 43-101 is a code of securities disclosure. This distinction is based on the derivation of the two codes: the JORC Code ...
PERC is a constituent member of the Committee for Mineral Reserves International Reporting Standards - CRIRSCO [6] and is the European equivalent of JORC [5] in Australasia, CIM [9] in Canada, SAMREC [10] in South Africa and similar reserves standards bodies elsewhere.
A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. [3] Probable Mineral Reserve. A probable mineral reserve is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.
ARP to acquire approximately 35 MMboe of proved reserves and significant resource potential in the Fort Worth basin of Texas; estimated proved reserves are 24% oil, 33% natural gas liquids, 43% ...
Classification and management of natural resources such as minerals and petroleum are classified using differing schemes. [4] [5] In 1997, UNECE published the United Nations Framework Classification for Reserves and Resources of Solid Fuels and Mineral Commodities (UNFC-1997) as a unifying international system for classifying solid minerals and fuels. [6]
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known ...
"I wasn't happy with what was going on," Allen said. "I was yelling a little bit. He just said, 'don't be yelling.' So, my bad. Sorry to Bill." Fortunately for the Bills, the missed call didn't ...