ECONOMICS AND THE SEARCH FOR OFFSHORE HEAVY MINERAL DEPOSITS.

This paper examines the relative importance, in terms of a deposit's commercial status, of physical characteristics of onshore titanium-bearing heavy-mineral placer deposits, and applies these findings to the search for and evaluation of offshore deposits. Results obtained by applying statistical discriminant analysis show that the characteristics most useful for predicting a deposit's commercial status are the grades of the constituent titanium minerals and the size of the deposit. Heavy-mineral grade or even the combined grades of all titanium-bearing minerals (without information and constituent mineral grades) are inferior predictors of a deposit's commercial status. When data from homogeneous regions are analyzed separately, the ability to accurately predict the deposit's commerical status improves.