This guide to the understanding of ore reserve estimation is the revised version of a report with a similar title circulated within the CRA Limited (CRA) group of companies in mid-1980. It is the principal result to date of an Ore Reserve Study commissioned by CRA in late 1977.This guide to the understanding of ore reserve estimationis the revised version of a report with a similar titlecirculated within the CRA Limited (CRA) group ofcompanies in mid-1980. It is the principal result to dateof an Ore Reserve Study commissioned by CRA in late1977.The study was prompted by two ore reserve situations.The Zinc Corporation and New Broken Hill Consolidated,Broken Hill, had reached the point of havingto find a replacement 'for their traditional ore reserveprocedure and Mary Kathleen had to admit publicly thatore reserve predictions would not be realized. Thesewere not however the only problems to be looked at. Asmentioned more fully later, other ore reserve situationswere known, or were met during the study, in copper,gold and nickel as well, where poor realization: expectationratios had ranged from embarrassing to disastrous.These made it clear that ore reserve estimation had to belooked at afresh.The fresh look has resulted in a broadening of theconcept of ore reserve estimation from its traditionalpurely computational basis to an approach embracingall the many things that can affect expectation andrealization as essential factors. Hence this guiderepresents a gathering together of what has been learnedand what should be known to all those concerned withore reserves in any of its diverse aspects.The study has been marked"by a number of changesof thinking. At first the aspects that appeared to requireattention were two; recognition that an ore reserve statementwas an estimate, not a precise calculation; and asearch for im improved estimation procedure adapted tolow grade ores with narrow economic margins. Threeyears later the view was that the need was to incorporateinto ore reserve estimation all relevant aspects of theproposed mining operation from choice of a samplingmethod to sales contract specifications.This study is thought to be unique in being frankabout weaknesses in ore reserve estimation and intreating failures not as natural disasters (like drought orflood, which have to be endured) but as potentiallyavoidable. It has led to three principal conclusions.