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Mineral Reserve Estimation and Audit

Micon is fully conversant with the mineral resource and reserve reporting codes used internationally – CIM Definition Standards, JORC Code, SEC, SAMREC and Russian systems.
Modifying factors applied during conversion of resources to reserves require an understanding of the mining method, selectivity of equipment, ground conditions, dilution grade, type of backfill, and other parameters. Micon’s engineers will take these factors into account in establishing reserve grades and tonnages.

Reconciliation of mineral reserves with actual production data is routinely carried out as part of a technical audit or due diligence exercise.