Is your NI43-101 technical report compliant?

- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 3
- File Size:
- 61 KB
- Publication Date:
- Jan 1, 2003
Abstract
"One of the cornerstones of NI43-101 Standards of Disclosure for Mineral Projects is the technical report. The purpose of the report is to provide a summary of the scientific and technical information concerning mineral exploration, development, and production activities on a mineral property that is material to an issuer. The reports must be prepared in accordance with NI43101 and Form 43-101F1 Technical Report and the information must be current as of the date of the filing of the technical report. As these reports provide important information to the investing public, qualified persons preparing these reports should, as much as possible, write in plain, simple language that can be easily read and understood by people who are not geoscientists or engineers. So let’s review some of the common deficiencies with technical reports. Non-current technical report Some of the factors you should consider when determining if your previously filed technical report is still current are as follows: •,Is there new technical information on the property, such as drilling, assays, metallurgical testwork? •,Have you made changes to key assumptions, parameters relating to mineral resources or mineral reserves, or economic analysis? If you have completed the previously recommended work, are your recommendations still current? Similarly, are your report recommendations consistent with what you are telling your shareholders or disclosing in the use of proceeds in your offering documents? For example, if the recommendations in the report consist of further exploration and metallurgical test-work prior to completing a preliminary feasibility study and you have completed the proposed work and are now raising money for a final feasibility study, the report is probably not current."
Citation
APA:
(2003) Is your NI43-101 technical report compliant?MLA: Is your NI43-101 technical report compliant?. Canadian Institute of Mining, Metallurgy and Petroleum, 2003.