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Speculative resources refer to mineral or energy resources that are estimated to exist based on indirect evidence, such as geological surveys or models, but have not yet been proven through exploratory drilling or extraction. These resources are often characterized by a higher degree of uncertainty compared to measured or indicated resources. Speculative resources can represent potential future reserves but require further exploration and development to assess their viability and economic feasibility.

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3w ago

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Hypothetical resources refer to quantities of a resource that are estimated to exist based on geological and technical assessments but have not been confirmed through exploratory drilling or other direct methods. In contrast, speculative resources are those that are believed to exist based on indirect evidence or geological models, but there is even less certainty regarding their existence than with hypothetical resources. Essentially, hypothetical resources have a higher level of geological confidence compared to speculative resources, which are more uncertain and less defined.


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