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A Mineral Reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can ...
A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery. The diagram is used to estimate the uncertainty and risk associated with availability of a natural resource.
Quantitative mineral-resource assessments are defined as the numerical estimate of the amount, quality, and in some cases, value of undiscovered minerals (that is, metal or industrial mineral) present within a specified area (tract). Their purpose is to provide a framework for making decisions by governments or institutions concerning mineral ...
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) and mineral content can be estimated with a low level of confidence. It is inferred from geological ...
Mining geology is an applied science which combines the principles of economic geology and mining engineering to the development of a defined mineral resource. Mining geologists and engineers work to develop an identified ore deposit to economically extract the ore .
A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. [1]
This is a list of free and open-source software for geological data handling and interpretation. The list is split into broad categories, depending on the intended use of the software and its scope of functionality.
Logo of the PERC - PAN-EUROPEAN RESERVES + RESOURCES REPORTING COMMITTEE . The PERC Standard for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the ‘PERC Reporting Standard’) [1] sets out the minimum standards, as well as additional guidelines and recommendations for the Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves within Europe.