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Applied Mineral Inventory Estimation presents a comprehensive applied approach to the estimation of mineral resources/reserves with particular emphasis on the geological basis of such estimations, the need for and maintenance of a high quality assay data base, the practical use of a comprehensive exploratory data evaluation, and the importance of a comprehensive geostatistical approach to the estimation methodology. Practical problems and real data are used throughout as illustrations: each chapter ends with a summary of practical concerns, a number of practical exercises and a short list of references for supplementary study. This textbook is suitable for any university or mining school that offers senior undergraduate and graduate student courses on mineral resource/reserve estimation. It will also be valuable for professional mining engineers, geological engineers and geologists working with mineral exploration and mining companies.