In one sentence
Estimating what can be economically and legally mined — the number that determines project value.
How to apply mineral reserves estimation
- Build the geological model from data
- Apply reasonable mining and economic factors
- Classify by confidence level
The #1 mistake to avoid
Optimistic estimates that fail diligence.
The metric that matters
Confidence-classified reserves
Frequently asked questions
What is mineral reserves estimation?
Estimating what can be economically and legally mined — the number that determines project value.
Why does mineral reserves estimation matter for my business?
Because it directly affects how well your business performs — get it wrong and it costs you in measurable ways. Done right, it becomes a competitive advantage.
How do I apply mineral reserves estimation?
Start with the practical steps: Build the geological model from data; Apply reasonable mining and economic factors; Classify by confidence level. The key is to start small, measure, and expand what works.
What is the most common mistake with mineral reserves estimation?
Optimistic estimates that fail diligence.
M
IDAP Mining Division
Senior practitioners, SLA-backed
This glossary entry is maintained by the IDAP Mining division — specialists who deliver this capability on demand to businesses worldwide.