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sarosa

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05/04/22

14:56

Post #: 60662229
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Originally posted by bombersmadd: ↑

I much prefer comparing Reserves of Mining Projects, rather than comparing overall resources. Mineral Resources have no economic value until consideration of applicable factors have been modelled within a feasibility study to produce an Ore Reserve Statement. There are a plethora of reasons why projects with large resources, have minimal overall reserves:

- Located Too Far Underground
- Located in a Sensitive Area i.e. Heritage or Environment Exclusion area
- Resources kept inplace for mine stability
- Contaminated material (impurities) i.e acid sulphate soils
- Location of existing infrastructure, homes, communities etc
- Lithology not continuous (too complex to economically extract)
- Located near drinking water table

The above is but a small list of the +100's of different variables of why resources mean almost next to nothing. Comparisons of Mining Projects should always focus on Ore Reserves that have demonstrated economic value and are able to be extracted after consideration of the 100's of potential variables IMO

Siviour has demonstrated through the 2019/2020 studies the World's 2nd largest Proven Graphite Reserves (which could potentially be improved in the upcoming optimised DFS) will have to wait and see !

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Agree with Ore Reserve but in the graphite business as a battery material, Flake Size is a critical factor.

A small Ore Reserve with a better flake size distribution can make better money, at least 2 times more than a powder product (small flake)

RNU Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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General Discussions, page-8757

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

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BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

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General Discussions, page-8757

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HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

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