SECONDARY AND UNCONVENTIONAL RESOURCE CHARACTERIZATION AND ESTIMATION BEST PRACTICES: LESSONS LEARNED FROM THE CORE-CM INITIATIVE
Quantitative assessments of secondary and unconventional sources have previously relied on estimating CMM potential by using average concentration multiplied by approximate volume of feedstock. Many conversations were held by the working group participants pertaining to resource assessments, and it was determined that understanding and constraining uncertainty, as well as being transparent in how the resource was estimated, were of upmost importance regardless of the methodology that was employed (e.g., deterministic vs probabilistic).
Further, while estimated resource potential is a significant step in determining which site should be developed, it is not the only factor. Therefore, the best practices guidance document also explored what additional qualitative and quantitative factors are necessary when considering the prioritization of sites that warrant additional exploration. These factors included ease of extraction of materials, viability of development, and community impact and perception, to name a few.
It is anticipated these efforts will build foundational knowledge for current and future application to developing secondary and unconventional feedstocks and promoting the diversification and resiliency of U.S. CMM supply chains while providing critical contributions to meet the goal of a circular CMM economy.