Ore Reserve definition

Ore Reserve means the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at pre‐feasibility or feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified. The reference point at which Ore Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported.
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Ore Reserve means the volume of known ore zones that a mine has identified as being suitable for mining at some time in the future;
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Ore Reserve means is the economically mineable part of a Measured and/or Indicated Mineral Resource; it includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at pre-Feasibility or feasibility level as appropriate that include application of Modifying Factors; such studies demonstrate that, at the time of reporting, extraction could reasonably be justified, as defined in accordance with the JORC Code.
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Examples of Ore Reserve in a sentence

  • Miraflores Mineral Reserve Estimate, as at 27 November 2017 (100% basis)The Miraflores Project Ore Reserve estimate has been estimated by Ausenco in accordance with the JORC Code (2012 Edition) and first publicly reported on 18 October 2017 and updated on 27 November 2017.

  • The project has an Ore Reserve of 48.2 million tonnes with high grade total alumina of 50.2% and reactive silica of 6.3%.

  • Mineral Resource, Ore Reserve, production target, forecast financial information and financial assumptions made in this announcement are consistent with assumptions detailed in the Company’s ASX announcements dated 25 February 2015, 23 September 2015, 15 August 2016, 1 February 2017, 29 January 2018, and 19 February 2018 which continue to apply and have not materially changed.

  • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

  • Documentation should include assumptions made and the procedures used.• Accuracy and confidence discussions should extend to specific discussions of any applied Modifying Factors that may have a material impact on Ore Reserve viability, or for which there are remaining areas of uncertainty at the current study stage.• It is recognised that this may not be possible or appropriate in all circumstances.

  • In the case of Mineral Resource estimates and Ore Reserve estimates, all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

  • No material change has occurred after that date that may affect the JORC Code (2012 Edition) Ore Reserve estimation.Source: Ausenco, 2017 Dosquebradas Inferred Mineral Resource Estimate, as at 25 February 2020 (100% basis) Notes:i) No more than 6m internal waste is included in the weighted intervalsii) Inferred Mineral Resources shown using various cut offs.iii) Based on gold selling price of US$1,470/oz.iv) Mineral Resource estimated by Resource Development Associates Inc.

  • Refer to ‘Woodlark Ore Reserve Update’ announced on 7 November 2018.

  • Non-mining modifying factors for the Ore Reserve estimate are drawn from contributions provided by various sources.

  • In the case of Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information derived from the production targets, all material assumptions and technical parameters underpinning the estimates, production targets and forecast financial information derived from the production targets contained in the relevant market announcement continue to apply and have not materially changed.


More Definitions of Ore Reserve

Ore Reserve means, according to the JORC Code, the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined. Appropriate assessments and studies have been carried out, and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction could reasonably be justified. Ore Reserves are sub-divided in order of increasing confidence into Probable Ore Reserves and Proved Ore Reserves
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Related to Ore Reserve

  • Share Reserve means the number of shares available for issuance under the Plan as set forth in Section 2(a).

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Reserve shall have the meaning given such term in Section 5.1.2(a).

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.