RVR 0.00% 7.3¢ red river resources limited

Ann: Far West Reserve and Resource Update Extends Mine Life, page-19

  1. 151 Posts.
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    LOM is based on Reserves ONLY. This was a Resource upgrade. Reserves are a subset of resources and take into account the economics of extraction. While you technically need to wait for the Reserve upgrade to get the LOM update (LOM = Reserves/Annual throughput), you could reasonably in this instance apply a 90% factor to the Resources to calculate LOM, ie LOM = (Resources x 90%/Annual throughput). The 90% come from the fact that most of the Resources are likely to be economic to mine.
 
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