Geology Question:

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1. The United Nations Framework Classification (UNFC) for energy & Mineral Resources is a universally applicable scheme for classifying/ evaluating energy and mineral reserves & resources. Most importantly, it allows a common and necessary international understanding of these classifications/evaluations. The Classification is designed to allow the incorporation of currently existing terms and definitions into this framework and thus to make them comparable and compatible.
2. UNFC aims the use of a three-digit code clearly indicating the essential characteristics of extractable energy and mineral commodities in market economies, notably (i) degree of economic/commercial viability; (ii) field project status and feasibility; and (iii) level of geological knowledge.