Estimation of potential uranium resources

Potential estimates, like reserves, are limited by the information on hand at the time and are not intended to indicate the ultimate resources. Potential estimates are based on geologic judgement, so their reliability is dependent on the quality and extent of geologic knowledge. Reliability differs for each of the three potential resource classes. It is greatest for probable potential resources because of the greater knowledge base resulting from the advanced stage of exploration and development in established producing districts where most of the resources in this class are located. Reliability is least for speculative potential resources because no significant deposits are known, and favorability is inferred from limited geologic data. Estimates of potential resources are revised as new geologic concepts are postulated, as new types of uranium ore bodies are discovered, and as improved geophysical and geochemical techniques are developed and applied. Advances in technology that permit the exploitation of deep or low-grade deposits, or the processing of ores of previously uneconomic metallurgical types, also will affect the estimates.