Appendix B-- Australian defined terms

area of interest | economically recoverable reserves

This appendix is an integral part of the Standard.

area of interest

B[1]

An individual geological area which is considered to constitute a favourable environment for the presence of a mineral deposit or an oil or natural gas field, or has been proved to contain such a deposit or field.

economically recoverable reserves

B[2]

The estimated quantity of product in an area of interest that can be expected to be profitably extracted, processed and sold under current and foreseeable economic conditions