Mineral Reserve v Ore Reserve

Something that I picked up this morning and should be noted.

Ore Reserves



Mineral Resources



There are differences between ore reserves and mineral resources, but it's all about how much money you want to throw at knowing the end number.


A good question to ponder after seeing these two:

Would I rather back a high grade TiO2 mine with a simple flowsheet, low slimes, low oversize, low opex, medium capex in an African jurisdiction?

Or a high grade Zircon mine with a complex flowsheet, medium/high grade slimes, oversize, high opex, high capex in Northern Australia?

Many would say that the market has spoken, but I can think of many occasions where the market has got this wrong.

Time will tell I suppose.

P