Sentences with phrase «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
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.
The measured, indicated and inferred resource there was recently upgraded to 37.6 Mt @ 1.56 % Li2O.
Exploration has progressed rapidly since the acquisition of the project in late 2011 and the Project now hosts 100 million ounces of silver in Measured and Indicated resources and a further 44 million ounces of silver in Inferred resources.
Drilling this year will infill the existing inferred resource and more importantly focus down plunge on the West Reef (the green lines are the drill holes).
Comprising 70 kilometers of contiguous claims in a core district for Goldcorp, the highly - prospective Borden Gold project currently has reported underground constrained indicated resources of 1.6 million ounces of gold (9.3 Mt @ 5.39 g / t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37 g / t) at a 2.5 g / t gold cut - off grade.
When the indicated and inferred resources at Los Helados are added up, there are more than 20 billion pounds of copper, and 12 million ounces of gold.
MetalsTech's portfolio includes The Wells - Lacourciere Lithium Project, which is close to the Quebec Lithium Mine that contains a Measured and Indicated resource of 33.24 Mt at 1.19 % Li2O and an Inferred resource of 13.76 Mt at 1.21 % Li2O.
The Secret Pass deposit, categorized as an epithermal - type deposit hosted within Tertiary Volcanics (Bullfrog Tuff), currently hosts an inferred resource of 11.1 million tonnes grading 0.93 g / t Au using a 0.3 g / t cut - off, containing an estimated 335,000 oz Au.
Novo's Blue Spec and Gold Spec veins, host indicated resources of 151,000 tonnes at 21.7 gpt Au (105,300 oz) and 1.7 % Sb and inferred resources of 264,000 tonnes at 13.3 gpt Au (112,600 oz) and 1.0 % Sb.
Completion of an updated mineral resource report in August 2017 for the Madsen deposit, resulting in an indicated resource of 1,648,000 ounces gold at 8.9 g / t gold (in 5.79 million tonnes) and an inferred resource of 178,000 ounces gold at 9.4 g / t gold (in 0.59 million tonnes) at a cut - off grade of 4 g / t gold.
Exploration could increase NAV: Our base case NAV of $ 3.61 assumes 75 % of the inferred resource surrounding the San Francisco pit is added to the mine plan and 400koz is added to the La Chicarra Pit; however, this does not include any value for exploration potential.
Unfortunately, junior miners are often in need of cash based solely on inferred resources, which are really just someone's «best guess» of what happens to be in the ground at the time.
However, if we see an eventual proving up of their inferred resources, that would obviously be a game - changer in terms of DNA's potential valuation.
I'm happy to place a $ 175 per oz in - the - ground valuation on measured / indicated resources (albeit with a 50 % & 75 % haircut for M & I status, respectively), but at this point the inferred resources may turn out to be completely uneconomic.
This breaks down into an Indicated Resource of 30.6 mio cts, and an Inferred Resource of 74.4 mio cts.
But we can focus on two encouraging news items: First, a new resource estimate was released, confirming 21 K measured oz (of gold) & 122 K indicated oz (plus nearly 300 K oz of inferred resources).
I'd normally ignore resources in these categories (as I'm doing with the inferred resource), but based on the PEA I think it's justified to incorporate them into my valuation — albeit on a fairly conservative basis.
However, a potential upgrade of the company's inferred resource (as already noted) would produce a substantial uplift in valuation.
Yes, it's tempting to get excited about Indicated / Inferred Resources, but from painful experience it's just not worth it!