Appendix B-- Australian defined terms
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