Chapter 28C MINERAL RESOURCE AND MINERAL RESERVE REPORTING STANDARDS AND LIABILITY FOR DISCLOSURE IN LEADING CAPITAL MARKETS

摘要

The estimation of the quantity and grade of economically viable, or potentially viable, minerals in situ provides the basis" for technical decisions, capital market, valuation, and irwastor confidence in the modern mining industry. As in other extractive industries, the quantification of the commodity prior to extraction is used to determine project parameters and mine plans, and to justify the capital investment associated with continued project exploration and, ultimately, development and operation. In the context of public capital markets, estimates of mineral resources (material of economic interest in or on the earth's crust), and the determination of whether such material is economically viable (in which case the minerals are categorized as mineral reserves), influence decisions made by investors, analysts, and entities that seek to acquire mineral projects.