EPTR

EPTR refers to the Estimated Probable Total Resource. It is a term used in the mining and oil and gas industries to quantify the potential amount of a commodity that might be present in a given geological formation. This estimation is based on geological data, exploration results, and modeling. EPTR is a category of resource that is considered less certain than reserves. Reserves, on the other hand, are resources that have a high degree of confidence and are economically and technically extractable under current conditions. EPTR falls into a broader category that includes resources that are not yet economically feasible or technically proven for extraction. The classification of resources into categories like EPTR helps companies and investors understand the potential upside of a project while acknowledging the inherent uncertainties. It is a key metric in assessing the long-term viability and potential of exploration and development activities.