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Phrases with «inferred resource»

The phrase "inferred resource" refers to an estimation, made by experts or professionals, about the existence and quantity of certain natural resources, like minerals, based on limited information or evidence. It is a term used in industries such as mining, where it indicates that there is a possibility of the resource being present, but it hasn't been fully confirmed or measured yet. Full definition

Sentences with «inferred resource»

  • Cash from the acquisition will allow SMC to fund further operational and business development, including additional capital expenditure at Hadleigh Castle mine, which contains an indicated and inferred resource of 240,000 ounces of gold and satellite deposits containing 30,700 oz of gold. (businessnews.com.au)
  • The new H4 resource, when added to the previously announced Western Porphyries resource, brings the total indicated and inferred resources at Tethyan's Reko Diq copper project to 943 million tonnes at 0.64 per cent copper and 0.3 grams per tonne of gold, containing 6 million tonnes of copper metal and 9 million ounces of gold. (businessnews.com.au)
  • The measured, indicated and inferred resource there was recently upgraded to 37.6 Mt @ 1.56 % Li2O. (businessnews.com.au)
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