Which statement is correct?
A)In the exploration and evaluation phase, the mineral site is ready for mineral production.
B)In the exploration and evaluation phase, the mineral site is prepared for resource extraction.
C)In the exploration and evaluation phase, the mineral site is assessed for commercial viability.
D)In the exploration and evaluation phase, the six criteria required for capitalization are met.

Question

Quizplus · Accepted Answer

The exploration and evaluation phase is where the mineral site is assessed for commercial viability. This involves determining if there is enough of the mineral to make mining profitable, whether the mineral can be extracted economically, and if there are any environmental or social issues that could affect the project. The other options are incorrect - A is incorrect because mineral production cannot begin until after exploration and evaluation, B is incorrect because resource extraction is not guaranteed even after exploration and evaluation, and D is incorrect because the six criteria for capitalization are not specific to the exploration and evaluation phase.

Which Statement Is Correct