A company has announced a Proved and Probable Ore Reserve for a…

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Question Answered step-by-step A company has announced a Proved and Probable Ore Reserve for a… A company has announced a Proved and Probable Ore Reserve for a material mining project based appropriately on Measured and Indicated Mineral Resources and Pre-Feasibility study level Modifying Factors. During drilling to upgrade the Inferred and Indicated Resources, major structural disruptions affecting the continuity of the resource were discovered. This information has lowered the company’s confidence in the geotechnical study relating to the potential pit slope angles and the pre-strip tonnages. As a result, the projected operating costs may be affected, and the project economics are no longer robust.  While awaiting further technical information, what should the Competent Person advise the company to do regarding the currently reported Ore Reserves? Provide three or more recommendations.  Earth Science Science Geology GEOL 4131 Share QuestionEmailCopy link Comments (0)