Best practice for Assessment and Reporting of Exploration Results, Mineral Resources and Mineral Reserves
Based on compliance with the International Reporting codes belonging to the CRIRSCO group of codes including PERC, JORC, NI 43-101 and SAMREC.
Since the late 1980s, public reporting of Exploration Results, Mineral Resources and Mineral Reserves has been governed by a variety of different reporting codes, including the PERC Code (Europe); JORC Code (Australasia); NI 43 101 legislation and CIM Definition Standards and best practice guidelines (Canada); SAMREC (South Africa); SEC Industry Guide 7 (US) and other codes. Since 1994, under the auspices of CRIRSCO (Committee for Mineral Reserves International Reporting Standards) there has been considerable cooperation between the main bodies involved in the development of the different codes and a move towards standardisation of the definitions of key terms.
This course provides an introduction to the principles underlying the reporting codes based on the CRIRSCO International Template, with specific reference to the PERC Reporting Standard. Topics covered include:
- Introduction to the regulatory framework
- Overview of the PERC Reporting Standard, including comparison with JORC and NI 43-101
- Competent Person responsibilities
- Practical application of the Reporting Codes, including:
- General considerations
- Project Context
- Basis for Assessment
- Interpretation and Estimation
- Planning and Decision Making
- Risk Assessment
The course focuses on the assessment criteria which are included in Table 1 of the PERC Standard. Discussion of these items is used as the basis for illustrating expected best practice procedures and providing an opportunity for course participants to exchange experiences on particular issues of concern.
The course will be held in the Arthur Holmes Room at the Geological Society building at Burlington House, Piccadilly, London W1J 0BG, commencing at 0930 on 26 October 2016
Who Should Attend
The course is designed for those who are acting as Competent or Qualified Persons (CPs/QPs) with respect to Public Reports of Exploration Data, Mineral Resources or Mineral Reserves, and also for those who are working towards becoming CPs or QPs for such Reports.