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Old 09-05-2023, 03:07 AM
Sparty Sparty is offline
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Default BARD ? Countries with rare earths resources as opposed to reserves.

There is no clear definition of "resources" as opposed to "reserves" when it comes to rare earths. However, the following countries are generally considered to have the largest rare earths resources:

China has the largest rare earths resources in the world, both in terms of reserves and resources.

Australia has the second-largest rare earths resources in the world

Brazil has significant rare earths resources, especially of heavy rare earths.

Vietnam has significant rare earths resources, especially of light rare earths

India has some rare earths resources, but they are not well-explored.

Russia has some rare earths resources, but they are not well-explored.

The United States has some rare earths resources, but they are not well-explored.

Madagascar has some rare earths resources, but they are not well-explored.

South Africa has some rare earths resources, but they are not well-explored

Canada has some rare earths resources, but they are not well-explored.

It is important to note that the definition of "resources" can vary from country to country. In some countries, resources may include inferred resources, while in other countries they may only include proven and probable reserves. As a result, it is difficult to make a definitive ranking of countries by their rare earths resources.

The JORC Code is a code of practice for the public reporting of mineral resources and ore reserves in Australia. It is used by mining companies to ensure that their reporting is consistent and provides investors with accurate information.

The JORC Code defines a mineral resource as a concentration of naturally occurring solid material of economic interest in or on the Earth's crust in such a form and quantity that it has a reasonable chance of being extracted at a profit.

The JORC Code defines an ore reserve as a mineral resource that has a reasonable prospect of economic extraction. Ore reserves are further classified as proven or probable.

The main difference between a mineral resource and an ore reserve is the level of confidence in the existence and economic viability of the deposit. A mineral resource is a lower-confidence category than an ore reserve.

The JORC Code also defines a number of other terms, such as inferred resources and indicated resources. These terms are used to describe mineral deposits with varying degrees of confidence.

The JORC Code is an important tool for investors and other stakeholders in the mining industry. It helps to ensure that the public reporting of mineral resources and ore reserves is consistent and transparent.

Here is a table summarizing the definitions of mineral resources and ore reserves under the JORC Code:

Term Definition
Mineral resource: A concentration of naturally occurring solid material of economic interest in or on the Earth's crust in such a form and quantity that it has a reasonable chance of being extracted at a profit.

Ore reserve: A mineral resource that has a reasonable prospect of economic extraction. Ore reserves are further classified as proven or probable.

Proven reserve: An ore reserve that has been demonstrated by detailed and reliable exploration and testing to be of such a size, grade and continuity that it can be delineated with a high degree of confidence.

Probable reserve: An ore reserve that is less well-defined than a proven reserve but has a high probability of being present.

Indicated resource: A mineral resource that is delineated by geological evidence and has a reasonable chance of being economically extracted.

Inferred resource: A mineral resource that is inferred from geological evidence and has a lower level of confidence than an indicated resource.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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