indicated resource definition

indicated resource means that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.
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indicated resource means that part of a mineral resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.
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indicated resource means that part of a mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.
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Examples of indicated resource in a sentence

  • In February 2020 the Company upgraded the Resource Estimate which included an increase in resource at Tim’s Find, which now stands at a JORC 2012 Measured and Indicated Resource of 535,000t @ 2.13g/t Au for 36,700oz Au2 and is held on the granted mining lease M29/421, which is owned 100% by MGK Resources Pty Ltd, a wholly owned subsidiary of the Company.

  • The HBJ Proven & Probable reserves consist of 667,939 tonnes grading 4.67 g/t Au (100,315 ounces)and the Measured & Indicated Resource totals 7.7 MT grading 3.45 g/t Au (857,658 ounces).

  • The information in this report that relates to Insheim's Mineral Resources is extracted from the ASX announcement made by Vulcan on 20 January 2020 ("Maiden Indicated Resource Insheim Vulcan Zero Carbon Lithium"), which is available on www.v- ▇▇.▇▇.

  • For purposes of this Agreement and the Quitclaim Deed to be delivered by Seller in accordance with Section 2.1.2 (the “Deed”), the “North Oxide Mineral Zone” means the mineralized zone which contains the North Model Measured and Indicated Resource as described in Table 17-9 of the Technical Report on the Tonkin Project prepared for US Gold by ▇▇▇▇ ▇.

  • Upon Sandfire fulfilling the Earn-In Expenditure, Alchemy (and ▇▇▇▇▇▇▇ on tenements where they retain an interest) will be free-carried on further exploration to completion of a Pre-Feasibility Study (PFS) within the meaning of the JORC Code 2012, which will include resources defined to at least an Indicated Resource status.

  • The licence includes the West ▇▇▇▇ Indicated Resource of 16Mt @ 0.83% Ni, 0.06% Co* (Refer to Jervois Mining Limited ASX announcement dated 30 July 2012), as defined by Anaconda Nickel Limited drilling in the late 1990’s - early 2000 (Figures 1, 2 and 3).

  • Helio’s NI 43-101 Mineral Resource Estimate is summarised as follows, and further detail is provided in Tables 1.1 and 1.2 below: o A near surface Indicated Resource of 332koz of gold at 1.8g/t gold and an Inferred Resource of 17koz at 1.7g/t gold.

  • Helio’s NI 43-101 Mineral Resource Estimate comprises 590k oz in the Indicated Resource category and 44k oz in the Inferred Resource category, all located within 20km of Shanta’s existing NLGM processing plant.

  • Importantly, more than 50% of the Mineral Resource is in the Measured and Indicated categories and is in accordance with the company’s previous announcement on its Measured & Indicated Resource released on 20 July 2017.

  • The project is being advanced as a potential high-grade underground mining operation with a current NI43-101 compliant Indicated Resource, at a 3.0g/t AuEq. cut-off, of 191,000 oz gold and 1,350,000 oz silver (215,500 oz AuEq) plus an Inferred Resource of 530,000 oz gold and 13,470,000 oz silver (775,900 oz AuEq)(1).


More Definitions of indicated resource

indicated resource means that portion of a mineral resource expressed as tons and grade which has been designated as such by the Borrower, audited and approved by the Independent Engineer, after consultation with the Administrative Agent, on the basis of drill holes, underground openings or other sampling procedures spaced closely enough to give a reasonable indication of continuity and where geological data is reasonably well known.
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indicated resource has the meaning provided by the CIM Standards which is attached as Schedule C hereto; (ee)
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indicated resource that part of a mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence “Measured Resource” that part of a mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence “Preferred Shares” new preferred shares to be allotted and issued by the Company at the Deferred Payment Preferred Shares Issue Price for the partial settlement of the Consideration
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indicated resource means that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.
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indicated resource means an accumulation of mineral(s) sampled by drill holes, underground openings, or other sampling procedures at locations too widely spaced to ensure continuity but close enough to give a reasonable indication of continuity and where geoscientific data are known with a reasonable level of continuity.
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Related to indicated resource

  • Landed Resources means when the Contractor or its Sub-contractor causes foreign nationals to be brought to the United Kingdom, to provide the Services.

  • Indicated Mineral Resource means that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.

  • Integrated resource plan means a plan which contains the demand and energy forecast for at least a fifteen-year period, contains the supplier's or producer's program for meeting the requirements shown in its forecast in an economic and reliable manner, including both demand-side and supply-side options, with a brief description and summary cost-benefit analysis, if available, of each option which was considered, including those not selected, sets forth the supplier's or producer's assumptions and conclusions with respect to the effect of the plan on the cost and reliability of energy service, and describes the external environmental and economic consequences of the plan to the extent practicable. For electrical utilities subject to the jurisdiction of the South Carolina Public Service Commission, this definition must be interpreted in a manner consistent with the integrated resource planning requirements pursuant to Section 58‑37‑40 and any process adopted by the commission. For electric cooperatives subject to the regulations of the Rural Electrification AdministrationUtilities Service, this definition must be interpreted in a manner consistent with any integrated resource planning process prescribed by Rural Electrification Administration Utilities Service regulations.

  • Limited Resource Constraint means, for the 2017/2018 Delivery Year and for FRR Capacity Plans the 2017/2018 and Delivery Years, for the PJM Region or each LDA for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for a Delivery Year, a limit on the total amount of Unforced Capacity that can be committed as Limited Demand Resources for the 2017/2018 Delivery Year in the PJM Region or in such LDA, calculated as the Limited Demand Resource Reliability Target for the PJM Region or such LDA, respectively, minus the Short Term Resource Procurement Target for the PJM Region or such LDA, respectively.

  • Environmentally-Limited Resource means a resource which has a limit on its run hours imposed by a federal, state, or other governmental agency that will significantly limit its availability, on either a temporary or long-term basis. This includes a resource that is limited by a governmental authority to operating only during declared PJM capacity emergencies.