Stock Resource Evaluation (AQA A-Level Geography): Quizzes

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Stock Resource Evaluation
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Which of these is an example of a stock resource?

Mineral ores like iron and copper

What is the key difference between resources and reserves?

Reserves are economically viable to extract

What two parameters does the McKelvey classification system use?

Geological certainty & economic viability

What probability of recovery do proven (measured) reserves possess?

At least 90% probability

How do indicated reserves differ from measured reserves?

Inspection sites are spaced further apart

What characterises inferred resources?

Lowest confidence level of the three

What are hypothetical resources?

Undiscovered materials expected in known areas

What is the minimum investment typically required for a modern ore mine?

$500 million

Which factors are evaluated as physical risks?

Quantity, quality, location & technology

What is a key geopolitical risk factor?

Concentration of production in few nations

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