Once a mineral resource becomes economically viable to mine, it remains that way until the majority of the deposit has been extracted.

Question

Quizplus · Accepted Answer

The economic viability of a mineral resource can change over time due to fluctuations in the price of the mineral, advancements in mining technology, and changes in environmental regulations. Additionally, some deposits may be partially extracted and then abandoned due to factors such as market conditions or resource depletion.

Once a Mineral Resource Becomes Economically Viable to Mine, It