A brief supplementary guide to explorationists to evaluate the likelihood of a project’s economic success. A good read for policymakers andinvestors to appreciate the comparative value of a deposit relative to others and therefore its competitive position. A useful reference for geology students andindustry professionals on mineral resource estimation on how to work with drilling data to:
1. recognize, account for, and deal with biases due to selection, natural variability and human errors,
2. learn and apply various geostatistical concepts to typical miningandexploration problems,
3. determine and quantify the relative precision or confidence in the mineral resource estimate,
4. and report the estimates in a transparent and quantitative manner consistent with the minimum standards of international mineral resourcereporting.