What is a qualified person NI 43-101?

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.

What is a ni 43-101 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 …

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.

When was Crirsco formed?

CRIRSCO was formed in 1994 and for much of its life was an informal alliance of National Reporting Organisations (NROs) in participating countries (see “About CRIRSCO”).

How do you become a JORC Competent Person?

A Competent Person must have a minimum of five years relevant experience in the style of mineralisation or type of deposit under consideration and in the activity which that person is undertaking. If the Competent Person is preparing documentation on Exploration Results, the relevant experience must be in exploration.

What does JORC stand for?

Joint Ore Reserves Committee
JORC means Joint Ore Reserves Committee; the JOR committee developed a set of guidelines for the reporting of Mineral Resources and Ore Reserves referred to as the “Code”.

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 does Crirsco stand for?

CRIRSCO (the Committee for Mineral Reserves International Reporting Standards) is a volunteer-run international organisation that aims to contribute to the earning and maintaining of the trust of all stakeholders by promoting high standards of reporting of mineral deposit estimates and of exploration progress.

What is the difference between a resource and a reserve with respect to mining?

Mineral Resources can be defined as the concentration of material of economic interest in or on the earth’s crust, whereas Ore Reserves are the parts of a Mineral Resource that can at present be economically mined.

What is a Competent Person in mining?

2010-09 of the Department of Environment and Natural Resources (DENR) provides that a Competent Person is a technical or professional expert who must be a Geologist, a Mining Engineer or a Metallurgical Engineer licensed by the PRC; must be a member of good standing of any of the Accredited Professional Organization ( …

What are the 3 types of mineral resources?

Minerals in general have been categorized into three classes’ fuel, metallic and non-metallic. Fuel minerals like coal, oil and natural gas have been given prime importance as they account for nearly 87% of the value of mineral production whereas metallic and non-metallic constitutes 6 to 7%.