1. A known resource that can be exploited for profit with available technology under existing political and economic conditions.
     
  2. a. The quantity of mineral that is calculated to lie within given boundaries. It is described as total (or gross), workable, or probable working, depending on the application of certain arbitrary limits in respect of deposit thickness, depth, quality, geological conditions, and contemporary economic factors. Proved, probable, and possible reserves are other terms used in general mining practice. BS, 7
    b. Sampled ore, developed, blocked out, or exposed on not less than three sides. See also: development sampling; ore reserve; probable ore; workable. CTD
    c. The amount of payable ore, developed and ready for extraction, or blocked out ahead of immediate requirements. Weed, 2
    Source: Dictionary of Mining, Mineral, and Related Terms











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