Mine assignment for Suraya only #2

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MINE 1100: Introduction to the Minerals Industry

Module 5 Assignment: Evaluation and Development

Assignment Instructions

Answer all three questions listed below to complete this assignment

Read through module 4 and 5 and visit the CIM website for “Standards and Guidelines for Resources and Reserves” – www.cim.org/standards

If you have a copy of the book “Mineral Exploration and Mining Essentials” then you will find additional information in chapter 5.

Question 1.

How do companies determine a Mineral Resource or Reserve?

Question 2.

Why do you think that publicly listed companies in Canada are required to follow the standards?

Question 3.

Describe at least three reasons why a mining project may become less valuable, or even uneconomic, between the date that a final feasibility study is completed, and the date when mine construction is completed.