A resource is that amount of a geologic commodity that exists in both discovered and undiscovered deposits—by definition, then, a “best guess.”
Reserves are that subgroup of a resource that have been discovered, have a known size, AND CAN BE EXTRACTED AT PROFIT.
https://www.cliffsnotes.com/study-guides/geology/earth-resources-we-depend-on/resources-and-reserves
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- Ann: Plutonic and Trident Mineral Resource and Ore Reserve update
Ann: Plutonic and Trident Mineral Resource and Ore Reserve update, page-8
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