Estimating the quantity and quality of a mineral deposit — the number that determines project value and investor trust.
How to apply resource estimation
- Build the model from validated data
- Classify by confidence level
- Document methods and assumptions
The #1 mistake to avoid
Overstated estimates that fail diligence.
The metric that matters
Frequently asked questions
What is resource estimation?
Estimating the quantity and quality of a mineral deposit — the number that determines project value and investor trust.
Why does resource 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 resource estimation?
Start with the practical steps: Build the model from validated data; Classify by confidence level; Document methods and assumptions. The key is to start small, measure, and expand what works.
What is the most common mistake with resource estimation?
Overstated estimates that fail diligence.
IDAP Mining Division
This glossary entry is maintained by the IDAP Mining division — specialists who deliver this capability on demand to businesses worldwide.