It seems a few people need this so I'll leave it here:
An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. IE. An educated guess.
An 'Indicated Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. IE. There is proof from drill cores etc.
They cant count the inferred in the mine planning or feasibility study, so nor should you.
It seems a few people need this so I'll leave it here:An...
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