Ore reserve figures are based on A$1500 (Page 13, note 1). The resource numbers are usually done at a higher price which ranges from $1700-$2000 in other ASX companies.
My understanding is that resource numbers are based on technically feasible extraction whereas reserve numbers are technically and economically feasible (one day maybe I'll speak to an economic geologist who can explain it to to me).
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- Ann: Reserve & Resource Update and Corporate Outlook
Ann: Reserve & Resource Update and Corporate Outlook, page-8
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