ELI5: Explain Like I'm 5

Mineral resource classification

Minerals are very useful substances found in nature, like gold, iron, coal or diamonds. We need some of them to build things we use every day, like buildings, cars or computers.

Now, imagine you're playing with a bunch of marbles. Some of them are really pretty and useful, some of them are not so good, and some of them are so tiny you can barely see them.

The same happens with minerals. Some are more valuable than others, based on their properties like how rare they are or how easy it is to get them out of the ground. So, we need to organize them somehow.

This is where mineral resource classification comes in. It's like sorting your marbles based on their size, color, and value. We group minerals into categories based on how much we know about them and how likely we are to find them in the ground.

There are three main categories or classifications:

1. Inferred Resources: These are the marbles you think you might have somewhere, but you're not sure where they are or how many there might be.

2. Indicated Resources: These are the marbles you know you have, and you can even estimate how many there might be. You've found a bunch of them already.

3. Measured Resources: These are the marbles you're really sure about. You've found them, measured them, and you know for a fact how many there are.

By classifying minerals into one of these categories, companies and governments can plan better to extract them in a more efficient and effective way.

So, mineral resource classification is like a way to organize and measure the value of different minerals, so we know which ones are worth digging up and using, and which ones are not.