What is NI 43-101 technical report?
The purpose of an NI 43-101 Technical Report, as stated in the Form 43-101F1 Instructions, is “to provide a summary of material scientific and technical information concerning mineral exploration, development, and production activities on a mineral property that is material to an issuer” and the instructions to authors …
What is a 43-101 resource?
National Instrument 43-101, Standards of Disclosure for Mineral Projects, governs a company’s public disclosure of scientific and technical information about its mineral projects. National Instrument 43-101 Standards of Disclosure for Mineral Projects. Industry Standards and Best Practices.
What is a qualified person NI 43-101?
NI 43-101 requires a company to file a technical report at certain times on properties material to the company, prepared in a prescribed format. In some circumstances, the qualified person is to be independent of the company and the property.
Who can write a 43-101?
is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these; has experience relevant to the subject matter of the mineral project and the technical report; and.
What is JORC mining?
JORC refers to the mining industry’s official code for reporting exploration results, mineral resources and ore reserves, managed by the Australasian Joint Ore Reserves Committee. “Modifying factors” are considerations used to convert resources to reserves.
How do you become a geologist QP?
The QP applicant must have at least 10 additional years of practical or professional experience after graduating with an engineering or geoscience degree from an accredited college or university. The experience should include at least 5 years in positions of responsibility in mining, metallurgical or geosciences.
What is JORC compliance?
What is the JORC Code? The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’) is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
Why is JORC important?
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 are Disclosures covered by NI 43-101 code?
9. NATIONAL INSTRUMENT 43-101 Disclosures covered by the NI 43-101 code include press releases of mineral exploration reports,reporting of resources and reserves, presentations, oral comments, and websites.
Is the NI 43-101 Technical Report a catch all?
Unfortunately, in the period since the introduction of the NI 43-101 reporting format, the Technical Report has become a catch-all. Ideally, companies would have their Qualified Person/s conduct and document their detailed work and then summarize it into a Technical Report for public disclosure.
Is the NI 43-101 based on the JORC Code?
NATIONAL INSTRUMENT 43-101 • El NI 43-101 is based on the Joint Ore Reserves Committe (JORC code) which regultaes reporting in the Australia Stock Exchange (ASX). Both are equivalent. • Also based in the «South African Code for the Reporting of Mineral Resources and Mineral Reserves» (SAMREC) • Other. 12.
What kind of commodities are in NI 43-101?
The NI 43-101 covers metalliferous, precious metals and solid energy commodities as well as bulk minerals, dimension stone, precious stones and mineral sands commodities. Many publicly held Canadian mineral exploration and mining companies list on the TSX Venture Exchange (TSX-V) or the Toronto Stock Exchange (TSX).