Sentences with phrase «ore reserves»
"Ore reserves" refers to the amount of rock or mineral deposits that are economically feasible to extract and process to obtain valuable metals or minerals. It helps estimate the quantity and quality of these valuable resources that can be utilized for commercial purposes. Full definition
Millennium Minerals has flagged a $ 76 million impairment on its Nullagine gold operations assets, on the back of a material downgrade in ore reserves.
businessnews.com.au
While the country has the world's third - largest ore reserves, it is importing more refined metal than it ships after output in July fell to the lowest on records going back to 1996, data show.
The Attila and Alaric maiden ore reserves are 3.59 Mt at 1.55 gpt for 179,000 oz following a recent pre-feasibility study, while the YAM14 maiden resource is 870,000 t at 1.21 gpt for 34,000 oz.
Mineral resources for the open pit exclude ore reserves and remain unchanged from those reported at 2010 year - end.
Exploiting Australia's rich but remote ore reserves calls for sophisticated technology, complex logistics and hard - nosed commercial drive
We assume that the company will be able to expand its ore reserves after the mine opens, but if the mineral reserves are double the gold mining stock's market cap, it provides a margin of safety.
We assume that the company will be able to expand its ore reserves after the mine opens, but if the mineral reserves are double the mining stock's market cap, it provides a margin of safety.