Definition of Uranium reserves

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Uranium reserves

The term 'Uranium reserves' as it applies to the area of energy can be defined as ' Estimated quantities of uraniumin known mineral deposits of such size, grade, and configuration that the uranium could be recovered at or below a specified production cost with currently proven mining and processing technology and under current law and regulations. Reserves are based on direct radiometric and chemical measurements of drill holes and other types of sampling of the deposits. Mineral grades and thickness, spatial relationships, depths below the surface, mining and reclamation methods, distances to milling facilities, and amenability of ores to processing are considered in the evaluation. The amount of uranium in ore that could be exploited within the chosen forward-cost levels are estimated in accordance with conventional engineering practices'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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