Probable Ore Reserve definition
Probable Ore Reserve means the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Ore Reserve is lower than that applying to a Proven Ore Reserve.
Probable Ore Reserve means the economically mineable part of an indicated, and in some circumstances, a measured 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 "proterozoic" era of geological time between 2.5x109 and 570x106 years ago "proved ore reserve" means the economically mineable part of a measured 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. "rehabilitation" the return of a disturbed area to its original state, or as close as possible to this state "remediation" to assist in the rehabilitation process by enhancing the quality of an area through specific actions to improve especially bio-physical site conditions "reserve" that part of a Resource which can be mined at a profit under reasonably expected economic conditions as defined by the JORC Code "resource" mineralised body for which there is sufficient sampling information and geological understanding to outline a deposit of potential economic merit "sandstone" clastic sedimentary rock with more than 25% clasts of sand "sedimentary" rocks formed by the accumulation of sediments, formed by the erosion of other rocks "shale" argillaceous rock with closely spaced, well defined laminae "sub-outcrop" rock unit exposure below the surface "sulphide" a mineral in which the element sulphur is in combination with one or more metallic elements "stratigraphy" study of stratified rocks in terms of time and space "syn" together with "T-17 Open Pit" T-17 Musonoi open pit Mine, a closed open pit mine "T-17underground" an underground mine in development below T-17 Open Pit "tailings" the waste products resulting from the processing of ore material "Tilwezembe Open Pit" Tilwezembe, a closed open pit mine "Volcanics" one of three groups into wh...
Probable Ore Reserve means an ore reserve stated in terms of mineable tonnes/volume and grades where the corresponding identified mineral resource has been defined by drilling, sampling or excavation (including extensions beyond actual openings and drill holes), and where the
Examples of Probable Ore Reserve in a sentence
The Project's Marketable Ore Reserve is classified as a Proven and Probable Ore Reserve Estimate, of which 16.4 million tons (or 26 percent) is considered proven and 46.3 million tons (or 74 percent) is considered probable.
More Definitions of Probable Ore Reserve
Probable Ore Reserve means, according to the JORC Code, the economically