Of course the Resource is bigger than the Reserve.
The Resource has a Reserve high grade figure of 436.3Mt.
The ore reserve increase is based on the current inventory of 775.4 million tonnes of high grade hematite Resource that includes an indicated Resource of 748 million tonnes which represents a 58% conversion.
Reserve Resource from me. An Indicated Resource from Proactive Investors on Sundance Resources ups iron ore Reserve to 436.3Mt,extend mine life. Are you going to tell them they are wrong as well?
Regards Westcott.
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