MNO don't have a reserve also
Note "The Espigão Project is Meridian’s flagship manganese project in Rondônia. It is already producing and selling high-quality manganese oxide from surface colluvium while geological work is underway to identify veins of high-grade manganese to support longer-term production"
They are mining the surface mineralisation and defining a resource as they mine. EPM will define a resource first to JORC standards, gives much higher project confidence.
Meridian mining comparison, page-2
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