Inferred Mineral Resource definition
Examples of Inferred Mineral Resource in a sentence
The Definitive Feasibility Study results, production target and forecast financial information referred to in this ASX Release are supported by the Definitive Feasibility Study mine plan which is based on the extraction of 93% Ore Reserve and 7% Inferred Mineral Resource.
There is a low level of geological confidence associated with the Inferred Mineral Resource and there is no certainty that further exploration work and economic assessment will result in the conversion to Ore Reserve or that the production target itself will be realised.
Alvo confirms that it is not aware of any new information or data that materially affects the information included in the IGR and that all the material assumptions and technical parameters underpinning the Inferred Mineral Resource Estimate continue to apply and have not materially changed.
Nifty has a published total (Measured, Indicated plus Inferred) Mineral Resource of 45.29 million tonnes @ 2.3% copper at 31 March 2009.
The Mineral Resource estimate has been classified as Inferred Mineral Resource, due to the absence of QAQC documentation, limited and unsubstantiated bulk density data, little or no reference samples being retained and uncertainty regarding underground depletion.