Resource Estimates

Resource estimates are assessments of the quantity and quality of raw materials, such as minerals or hydrocarbons, available in a specific area. They help companies determine how much of a resource can potentially be extracted and used, guiding investment and development decisions. These estimates are based on geological data, sampling, and analysis, providing a scientific approximation rather than an exact count. Accurate resource estimates are essential for planning sustainable and profitable extraction operations and for evaluating the long-term viability of resource development projects.