The term "industrial minerals" covers a vary wide field. However in Australia this field tends to be characterised by the follow- ing: (1) Relatively low unit values. (2) Product specifications can be exacting compared to the metalliferous field._x000D_
(3) Product specifications often have to be tailored to the needs of the end user._x000D_
(4) Beneficiation plants tend to involve low capital outlays relative to the metalliferous field. However they often have to produce products'to a range of specifications. (5) Technology often influences what can be considered as reserves. (6) Because of low unit values industrial minerals tend to be relatively cost sensitive. This is particularly the case in regard to transport. (7) Location of deposits near to major urban areas (markets) dictates a greater pressure on ecological aspects. (8) In Australia there has been a tendency to vertical integration largely due to the restricted market available. Reserves assessment is shown to be critically dependent upon the above Factors.