Mining Engineering Practice Questions - PRC Mining Engineer Licensure Examination (Philippines) Exam

An Ore Reserve is economically and legally extractable, supported by at least a pre-feasibility study, whereas a Mineral Resource has only geological evidence. A Mineral Resource represents only surface deposits, while an Ore Reserve refers strictly to underground minerals. An Ore Reserve requires no economic evaluation, whereas a Mineral Resource must be fully bankable. A Mineral Resource is reported by mining engineers, while an Ore Reserve is reported only by mineralogists.