What is the difference between resource and reserve in geology?
A mineral reserve is a portion of a mineral resource that has been demonstrated to be economically and legally extractable under current socio-economic and operating conditions.
A mineral reserve is a portion of a mineral resource that has been demonstrated to be economically and legally extractable under current socio-economic and operating conditions.
Ore Reserves are part of mineral resource that are economically feasible for extraction using current technology. For ore reserve the grade and tonnage should be established with reasonable assurance by drilling & other means.