By Why is there a JORC Code?
The JORC Code provides a mandatory system for the classification of minerals Exploration Results, Mineral Resources and Ore Reserves according to the levels of confidence in geological knowledge and technical and economic considerations in Public Reports.
What is the difference between pre-feasibility and feasibility study?
A pre-feasibility study determines whether a probable mineral reserve is economically viable and a feasibility study determines whether the reserve can be economically mined.
What is the Valmin code?
The VALMIN Code sets out requirements for the technical assessment and valuation of mineral assets and securities for independent expert reports, it provides guidance for petroleum assets and securities.
What should be included in a NI 43-101 Technical Report?
In general, an NI 43-101 Technical Report should be a good summary of the scientific and technical material concerning exploration, development and production on an issuer’s material property (or properties) whether it be an initial report on a property or a summary of the feasibility study.
Who is a qualified person for NI 43-101?
NI 43-101 – Qualified Person • engineer or geoscientist with a university degree, or equivalent accreditation, in geoscience, or engineering, relating to mineral exploration or mining (effective June 30, 2011)
How is a property defined in NI 43-101?
NI 43-101 does not define “Property”, but 43-101CP says: “ We consider a property, in the context of the Instrument, to include multiple mineral claims or other documents of title that are contiguous or in such close proximity that any underlying mineral deposits would likely be developed using common infrastructure ”.
When did the NI 43-101 code change?
NI 43-101 – Changes • “…JORC Code, PERC Code IMMM Reporting Code, SAMREC Code, SEC Industry Guide 7, the Certification Code…” (effective June 30, 2011) • More suitable for operating mines and advanced projects. (June 30, 2011) Eliminated the requirement to disclose confidential market studies and analyses.