GK
ECOLOGY BIODIVERSITY CONSERVATION ENVIRONMENTAL ISSUES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Reserve implies high degree of economic viability
|
|
|
Resource implies high degree of geological knowledge
|
|
|
Reserve implies high degree of economic viability and high degree of geological knowledge
|
|
|
Resource implies high degree of economic viability and high degree of geological knowledge
|
Detailed explanation-1: -That part of a mineral resource, which has been fully evaluated and is deemed commercially viable to work, is called a mineral reserve.
Detailed explanation-2: -Mineral reserves refer to the amount of material that can be exploited using existing technology under current economic conditions. Mineral resources include all the material that can be exploited now or in the future.
Detailed explanation-3: -Reserves-Material that can be legally and economically extracted at the present time. Resources-Economic extraction is currently or potentially feasible. Whether it becomes a reserve depends on market value of the resource and/or changes in technology.
Detailed explanation-4: -A Probable Mineral Reserve is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.