Hey @pocketboffin there is much confusion in mining terms when...

Hey @pocketboffin there is much confusion in mining terms when companies make statements regarding the size of their reserves. Statements regarding the biggest reserve in the world could be true however a proven reserve is much more important. Don't be misled by companies that talk a big game on reserve that hasn't been proven. You could have a huge reserve but if its not been quantified and verified then you may actually have a lot less sellable product. see explanation below.

Mineral Reserve refers to the economically mineable part of a mineral resource, including ore reserves and mineral reserves. It represents the amount of a mineral that can be extracted from the deposit at a given time, taking into account all factors that affect the extraction process, such as the grade of the mineral, the recovery rate, and the costs of mining and processing.

Proven reserves, on the other hand, are a subset of mineral reserves and refer to the portion of the mineral deposit for which the quantity, grade, and other characteristics have been determined by exploration and sampling with a high degree of confidence. In other words, proven reserves are those that have already been identified, quantified, and verified to exist in a particular location, and are considered to be economically viable to extract using current technology and market conditions.

In summary, "mineral reserve" refers to the economically mineable part of a mineral resource, while "proven reserve" refers to the portion of the mineral reserve that has been quantified and verified with a high degree of confidence through exploration and sampling.