Thursday test

Question 1

indicated reserves

Answer 1

level of testing less thorough than measured reserved and the confidence in the amount of reserve is less certain

economically viable to be extracted and likely to have more testing conducted on to determine an accurate quantity

Question 2

inferred resources

Answer 2

minerals which are known to exist as result of some testing and limited knowledge of geology, however actual quantity or quality not known with high accuracy or confidence

Question 3

resource frontier

Answer 3

area on periphery of country/territory being opened up for resource extraction as older locations become exhausted