ore reserve

ore reserve

[′ȯr ri‚zərv]
(mining engineering)
The total tonnage and average value of proved ore, plus the total tonnage and value (assumed) of the probable ore.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The open pit Ore Reserve estimate, as reported in accordance with the JORC Code, is;
Perth, Australia, Nov 15, 2010 - (ABN Newswire) - FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced its maiden iron ore reserve estimate of 126 million tonnes at 57.3 per cent Fe for the FerrAus Pilbara Project in Western Australia.
This drilling will seek to both optimise the current mineral resource and explore possible extensions to the orebody with the primary aim of increasing the recently reported ore reserve.
Sydney, Australia, July 29, 2010 - (ABN Newswire) - Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) has substantially increased its interim Mineral Resources and Ore Reserve estimates for 2010 at the Chatree Gold Mine in central Thailand.
These results are part of a larger drilling program designed to re-assess the Mineral Resources and Ore Reserve at Boonanarring, as announced to the ASX on 14 March 2019 (Targeting Ore Reserve Upgrade at Boonanarring in Response to Higher than Expected Ore Grades) and as announced on 15 July 2019 (Image Resources Confirms Existence of HighGrade Core in Eastern Strand at Boonanarring).
The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.
The project has a mineral resource of 37.4 million tonnes at 7.5% lead and 18 g/t silver and an ore reserve of 10.3 million tonnes at 8.8% lead and 24 g/t silver.
BKM's first ore reserve comprised 21.1mln tonnes in the proved category, at a grade of 0.6%, representing some 137,000 tonnes of contained copper.
The ore reserve has been boosted by 58%, to 2.7 million ounces, with the mineral resources rising 245 to 5.9 million ounces.