Valuation Of Quarry Deposits

Mineral Appraisals: What is the Value of a Quarry or Mine?

The quarry operator usually pays rent or a per-ton royalty to the municipality. Figure 1. Diagram showing a Quarry Property Mineral Reserves and Resources According to the U.S. Securities and Exchange Commission (SEC) definitions, a reserve is a mineral deposit that can be economically mined at the time of the reserve determination.

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Mineral Deposit Value How to Calculate the Potential

As you can see in the example above, the deposit does not have to be enormous in size (only 500 meters long by 100 meters wide) to contain a valuable deposit (approximately $6 billion worth of minerals). However, in order to be as realistic as possible about this valuation, you can not assume that the complete ore body contains the same grade (i.e. 2% copper and 1.5 gram per tonne gold).