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While running out of resources isn't likely to be a factor because of infinite map generation, this is a list of resources that can produced over and over without having to explore for more:
- Tree/Wood - Trees can be grown just with a Sapling, Dirt and sufficient light.
- Cloth - Obtained from Sheep, or in a less efficient way by crafting from String obtained from Spiders
- Cobblestone/Stone - Infinite Cobblestone may be created by directing Water and Lava springs into each other.
- Reed and Cactus - Can be regrown.
- Ice and Snow - Ice and snow blocks could be obtained infinitely prior to Halloween update, by freezing a block of Water and crafting Snowballs respectively.