Refined Mineral

Refined Mineral is a item which is obtained only on public islands during the Mining Fiesta event. The Mining Fiesta event occurs most commonly when Cole is the mayor and has a chance to be active when Foxy is mayor. This event also occurs for 6 hours when the Mayor Jerry is elected. Refined Minerals can be obtained only from ores and gemstone, including Nether Quartz, but not from End Stone, Netherrack or Stone. Instead of the normal amount of 1 Refined Mineral per ore, Gemstone gives 2 when mined. It can be sold at the Bazaar or crafted to make things such as Mineral Armor and the Mineral Talisman.

The drop chance is 1 in 375 (Approximately 0.27%) per ore.

Trivia

 * Refined Minerals used to be one of the most expensive items in the Bazaar due to their use in Mineral Armor. However, Mineral Armor was nerfed to not affect Mithril, causing the price to decrease to less than 1/5 of the original.