What Is The Difference Between Resource And Reserve

What Is The Difference Between Resource And Reserve. OverviewMineral ResourcesMineral ReservesMineral resource classification is the classification of mineral resources based on an increasing level of geological knowledge and confidence In an effort to achieve a standard set the classifications representative bodies from Australia Canada South Africa the USA and the UK reached a provisional agreement in 1997 on the definitions of each of the various mineral classif Text under.

As nouns the difference between resource and reserve is that resource is something that one uses to achieve an objective eg raw materials or personnel while reserve is the act of reserving or keeping back reservation exception As verbs the difference between resource and reserve is that resource is to supply with s while reserve is to keep back to retain.

What is the difference between stock and reserves? GK Q&A

A reserve is the amount of money that’s left after provisions and other costs have been reduced Reserves are additional funds that have been discovered through budget analysis and added onto a company’s profit numbers The two types of reserves are capital reserves and revenue reserves.

Resources and Reserves: Definitions & Examples Video

A reserve is all of a resource that is attainable with current technology and for a profit You always have to keep in mind that even though we may have the technology to access a specific deposit.

What is the difference between reserve and resource

Conventional resources and unconventional resources are two very different separate sets of resources that can potentially be extracted Both refer to some quantity of fossil fuels that could contribute to a reserve if they could be extracted economicallyThe distinction between a resource and reserve is explored with a diagram known as a McKelvey box.