International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International...
Transcript of International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International...
![Page 1: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/1.jpg)
CSA GLOBAL
International Reporting Codes:Mineral Resources and Ore ReservesHow the JORC Code, NI43-101 & other codes work
Date: 10/07/2018
Presenter: Gerry Fahey Principal Mining Geologist
Camborne School of Mines Delegation
Visit to Australia
![Page 2: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/2.jpg)
Welcome to Camborne School of Mines Delegation on your visit to CSA Global
![Page 3: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/3.jpg)
• Former WA Chairman of the Australian Institute of Geoscientists (AIG)
• Formerly on the Executive of JORC (14 years)
• Principal Mining Geologist CSA Global
• Onsite grade enhancement strategies
• Feasibility studies, company advice on JORC and NI43-101 and Independent Geologist’s Reports.
• Currently Director of Focus Minerals and Prospect Resources (ASX listed companies)
Your Presenter
Gerry Fahey
![Page 4: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/4.jpg)
• Why have the JORC Code – a brief history
• What is the JORC Code and Principles of the Code
• Other Reporting Codes
• Mineral Resource Reporting
• Wrap up Summary
Outline
![Page 5: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/5.jpg)
1556 - “De Re Metallica”
Georgius Agricola
“A careful owner, before buying shares, should :
visit the mine and carefully examine the nature of the vein, as it is very important that he be on his guard, to avoid being the victim of dishonest sellers of shares seeking to defraud him”
History and Background
![Page 6: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/6.jpg)
• 1909 - Herbert Hoover’s classification system
• 1943 - USBM classification system
• 1953 - AusIMM committee on classification
• 1956 - SEG classification system
• Late 1960’s - nickel boom, Australia, with unacceptable reporting practices
➔“The Poseidon Boom & Bust”
Key Developments Before JORC
![Page 7: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/7.jpg)
HISTORY OF THE JORC CODE
![Page 8: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/8.jpg)
▪ 1971 - JORC formed by AMIC; joined by AusIMM
▪ 1971 to 1985 - JORC guidelines on classification /reporting
▪ 1989 – first edition of JORC Code into ASX Listing Rules
▪ 1992 – second edition of JORC Code; AIG joined
▪ 1996 – third edition of JORC Code
▪ 1999 – fourth edition of JORC Code
▪ 2004 – fifth edition of JORC Code
▪ 2012 – sixth edition of JORC Code
The History of the JORC Code
The JORC CodeJoint Ore Reserves Committee Code
JORC Code + ASX Listing Rules & Guidance note 31=Public Reporting that meets all requirements
![Page 9: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/9.jpg)
JORC Family Mineral Resource and Ore Reserve Reporting Codes
![Page 10: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/10.jpg)
The JORC Code is about the reporting of Exploration Results, Resources & Reserves
• About reporting — not how to estimate resources & reserves
• Company report must be signed-off by a “Competent Person”
What is the JORC Code?
Must be a member of the AusIMM, AIG or a Recognised Professional Organisation (RPO)
![Page 11: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/11.jpg)
Who is JORC?
Mineral industry lobby group
Mineral industry professionals associations
AusIMM AIGMCA
MCA: Mineral Council of AustraliaSIA: Securities Institute of Australia
ASX: Australian Stock Exchange
ASXSIA
JORC
MEMBERS
Funding Bodies
Others
![Page 12: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/12.jpg)
How JORC Code Works
Compliance &
Guidance
Standards
Those
Required to
Comply
Responsible
Entities
Publicly listed
companies
ASX
Listing
Rules
ASIC
Professionals
AusIMM
AIG MCA
JORC
Code
JORC
Competent
Person
RPOs
Incorporated as Appendix
Professional & Industry Organisations Regulatory OrganisationsStatutory / Semi-
Government
Organisations
Corp
ora
tions
Law
after P Stephenson AMC
![Page 13: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/13.jpg)
How JORC Code Works
• AIG and AusIMM
- Complaints management systems
- Ensure procedural fairness for alleged breach of codes
• Each organisation deals with + 5 complaints per year
• If complaint is upheld, penalties can include:
- Cautions, or reprimands and counselling
- Publication of name
- Suspensions from membership
- Expulsion from membership
![Page 14: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/14.jpg)
AIG Complaints Process
![Page 15: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/15.jpg)
Figure 1: Results, Resources & Reserves 2012
![Page 16: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/16.jpg)
JORC Stakeholders
Resource & ReserveEstimators
MiningCompany
Management
InvestmentCommunity
FinancingCommunity
&Capital Market Regulations
![Page 17: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/17.jpg)
PRINCIPLES OF THE JORC CODE
![Page 18: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/18.jpg)
Principles of JORC Code
Clause 4 describes the foundations of the JORC Code
Transparency
MaterialityCompetence
JORCCompliant
Reports
![Page 19: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/19.jpg)
Sufficient information, clear unambiguous reporting and must notbe misleading
Transparency Issue
![Page 20: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/20.jpg)
Relevant information and scale for balanced reporting
Materiality
vs
Small Company Large Company
![Page 21: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/21.jpg)
1. Relevant experience
2. Responsibility
3. Accountability
Competence
Mineral Resource / Ore Reserve Estimation Meeting JORC Requirements
![Page 22: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/22.jpg)
Features of the JORC Code
✓ Non prescriptive and is flexible
✓ Simplicity
✓ Regulatory Backing
![Page 23: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/23.jpg)
• Concept of the Competent Person
• Investor in mind
• World process (continuous improvement)
Features of the JORC Code
![Page 24: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/24.jpg)
Public reports made via the ASX or other stock exchange need to consider the rules of the exchange as well as the JORC Code
+ Listing Rules (ASX Listing Rules & Guidance note 31)
= Public Reporting that meets all requirements
Stock Exchange Listing Rules
![Page 25: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/25.jpg)
Essence is Trust
![Page 26: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/26.jpg)
26
Summary
❖ JORC is a committee
❖The JORC Code is concerned with public reporting of exploration results, mineral resources and ore reserves
❖The aim of such reporting is to keep financial investment markets continuously and adequately informed
❖ It does not tell you how to estimate resources and reserves
❖Careful use of nomenclature is required by the Code
❖Mineral resources and ore reserves estimates are not fixed or “correct” ― they vary in response to economic, technical and government factors
17/3/2013 Introduction to JORC
![Page 27: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/27.jpg)
OTHER REPORTING CODES
![Page 28: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/28.jpg)
What Codes Are Out There?
![Page 29: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/29.jpg)
• Prepared for the assistance of Countries wishing to adopt CRIRSCO style Codes
• Used for dialogue with international organisations such as SPE, IASB, UN-ECE, etc.,
• Does not deal with specific National issues
The CRIRSCO International Reporting Template
![Page 30: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/30.jpg)
NI 43-101 REPORTING
![Page 31: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/31.jpg)
CRIRSCO and Other Codes
CRIRSCO Members (currently 11)– JORC (Australasia) – CBRR (Brazil) – CIM (Canada) – Comision Minera (Chile) – PERC (Europe) – MPIGM (Mongolia) – NAEN (Russia) – SAMCODES (South Africa) – SME (United States of America)– PONEN Code Kazakhstan Reporting Code (KAZRC)– KCMI (Indonesia)
Other reporting codes not equivalent to the CRIRSCO family of reporting standards:
– United Nations Framework Classification, – Other example includes China and Russian GKZ
![Page 32: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/32.jpg)
CRIRSCO and Other Codes
![Page 33: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/33.jpg)
Eligibility for Membership of CRIRSCO
• Produce and be responsible for maintaining a reporting standard compatible with the Template
• Agree to international consulting with CRIRSCO National Reporting Organisations (NROs) prior to amending its reporting standard
• Include self regulating professional bodies with disciplinary power and codes of ethics
• Engage with CRIRSCO activities
![Page 34: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/34.jpg)
• China
• Turkey
• Colombia
• Peru
• Mexico
Potential New Members of CRIRSCO
![Page 35: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/35.jpg)
Professional Organisation Minimum Membership Class Required
• Institute of Materials, Minerals and Mining • Member (MIMMM) or Fellow (FIMMM)
• Geological Society of London• Chartered Geologist (CGeol), Chartered Scientist
(CSci) or European Geologist (EurGeol)
• Institute of Geologists of Ireland • Professional Geologist (PGeo)
• European Federation of Geologists • European Geologist (EurGeol)
• Mining and Metallurgical Society of America • Qualified Professional (QP)
• American Institute of Professional Geologists • Certified Professional Geologist (CPG)
• Society for Mining, Metallurgy & Exploration • SME Registered Member
• Engineering Council of South Africa • Professional Engineer (Pr Eng)
• South African Council for Natural Scientific Professions
• Professional Natural Scientist (Pr.Sci.Nat.)
• Geological Society of South Africa • Member or Fellow
• The Southern African Institute of Mining and Metallurgy
• Member or Fellow
• South African Council for Professional and Technical Surveyors
• Mine Surveyors and Professional Mine Surveyors
Current List of RPOs
UK and Europe
USA
South Africa
![Page 36: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/36.jpg)
• Canadian Institute of Mining, Metallurgy and Petroleum (CIM)
• Latest CIM Guidelines adopted Nov 2010
• Canadian Securities Administrators (CSA)
• National Instrument NI 43-101 came into force 2001
• Latest NI 43-101 effective from June 30th 2011
Reporting to NI 43-101 Canada
![Page 37: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/37.jpg)
Technical Report Items
![Page 38: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/38.jpg)
UNFC Three-Dimensional Classification and Codification System
UNECE = 3 D Classification CRIRSCO = 2 D classification
![Page 39: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/39.jpg)
GKZ Russian CRIRSCO Conversion Guidance
Russian Code v CRIRSCO 2011
![Page 40: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/40.jpg)
Comparison of CRIRSCO, Russian UN and China
![Page 41: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/41.jpg)
MINERAL RESOURCES AND ORE RESERVES
![Page 42: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/42.jpg)
Statistics of estimating contents of a room by drilling
Drilling to Define Resources
![Page 43: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/43.jpg)
Geostatistics of Resource Estimates
![Page 44: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/44.jpg)
Geology Mapping and Stratigraphy
![Page 45: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/45.jpg)
![Page 46: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/46.jpg)
Comparison of International Codes
Criteria
Austr
ala
sia
Canada
South
Afr
ica
UK
/W
Euro
pe
Chile
Peru
US
A –
SM
E
US
A -
SE
C
UN
FC
Adoption of CRIRSCO-type standard √ √ √ √ √ √ √ X X
Reporting standard recognised by national regulator √ √ √ √ √ √ X √ X
Competent Person requirement √ √ √ √ √ √ √ X X
Reporting of Mineral Resources allowed √ √ √ √ √ √ √ X* √
Inferred Resources allowed in economic studies √ X* √ √ √ √ √ X √
Level of study required for Mineral Reserves 2 2 1 2 1 1 1 3 3**
Commodity price process specified by regulator X X X X X X X √ X
ROPO-type reciprocal system √ √ √ X X X X X X
Level of study: 1 = appropriate assessments and studies as determined by Competent Person
2 = pre-feasibility study - expected (UK/W Europe) or required (Canada, Chile)
3 = feasibility study for new projects
3** = feasibility study for Proved Reserves, pre-feasibility study for Probable Reserves
RPO = Recognised Overseas Professional Organisation
X* = Allowed in certain restricted circumstances
![Page 47: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/47.jpg)
About CSA Global
CSA Global is a leading mining, geological, technology and
management consulting company which provides high quality
solutions to our clients in the global minerals industry
Our team include mining engineers, geologists project managers,
data and information technology management professionals and
various support personnel.
EXPLORATION RESOURCES MINING TECHNOLOGY CORPORATE
![Page 48: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/48.jpg)
Our Points Of Difference
HISTORYMore than 30 years of
acquired geological and commodity expertise.
COMMUNITYWe always seek to bring together the right skills
and knowledge to support the communities in which
we work.
TECHNICAL EXPERTISESubstantial in-house
capabilities across geophysical, geotechnical,
engineering, mining and technology.
GLOBAL PRESENCE11 offices in 8 countries; Australia, Russia, UK, UAE, Canada, South Africa, Singapore and Indonesia.
FULL PROJECT CAPABILITYProvision of expert advice across all stages of the project; from generation to exploration, evaluation, operations and corporate.
COMMODITYOur specialists have worked across all commodities and minerals and have a wealth of experience across geographies.
![Page 49: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/49.jpg)
Services Across Divisions
• Mining and engineering studies
• Reserve assessment reviews
• Mine optimisation
• Ore reserve estimation & reporting
• Grade control & reconciliation
CORPORATE
• Project reviews
• Due diligence
• Expert valuations
• Independent reports
• Geo-corporate advice
• Secure information hosting
• QAAC
• Geological interpretation
• 3D modelling
• Geostatisicalanalysis
• Mineral Resource & Ore Reserve estimation
• JORC, SAMREC, NI 43-101
• Risk analysis
• Data management
• Visualisation & analytics
• Data systems
• IT management
• Project design & management
• Technology advice
• Cyber security
MINING RESOURCES TECHNOLOGY
• Mineral systems targeting & project generation
• Remote sensing & geophysics
• Geochemistry
• Mapping & field investigations
• Drill program planning & supervision
EXPLORATION
![Page 50: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/50.jpg)
Our Global Offices
Perth, Western Australia
Johannesburg,South Africa
Brisbane,QueenslandDarwin,
Northern Territory
Jakarta, Indonesia
Singapore
Dubai, UAE
Moscow, Russia
Horsham, UK
Toronto, Canada
Vancouver, Canada
![Page 51: International Reporting Codes: Mineral Resources and Ore … · 2019-11-21 · International Reporting Codes: Mineral Resources and Ore Reserves How the JORC Code, NI43-101 & other](https://reader036.fdocuments.in/reader036/viewer/2022081401/5f03f2ad7e708231d40b8f92/html5/thumbnails/51.jpg)
THANK YOU VERY MUCH
ENJOY YOUR STAY IN AUSTRALIA