1. (1) Properties identified as having mineral reserves shall be classified into one of the following categories:

   1. (a) Active Mineral Reserves;
   2. (b) Depleted Mineral Reserves;
   3. (c) Inactive measured mineral reserves;
   4. (d) Inactive indicated mineral reserves; or
   5. (e) Minerals not subject to appraisal.
2. (2) Factors to be considered in evaluating mineral reserves include inherent mining and drilling hazards, regulatory restrictions, and market conditions.

Authority: T.C.A. §§ 67-1-305, 67-5-502(d) and 67-5-601(d). Administrative History: Original rule filed April 25, 2017; effective July 24, 2017.