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Online Training: An introduction to the CRIRSCO family of reporting codes - 4. Understanding the Modifying Factors and how to assess and report on “Reasonable Prospects for Eventual Economic Extraction"

Date:
24 February 2022
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Event type:
Contributes to CPD, Course, Online Training
Organised by:
Geological Society Events, 2022 Year of Sustainability
Venue:
Virtual event
Event status:
EVENT CLOSED

Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves by Minerals Companies An introduction to the CRIRSCO family of reporting codes with special focus on The PERC Reporting Standard 2021


Module 4: Understanding the Modifying Factors and how to assess and report on “Reasonable Prospects for Eventual Economic Extraction"
Thursday 24 February, 16.00 GMT

Course Objectives

This series of courses is intended as a general overview and refresher course for professionals who are practising, or who aspire to practice, as Competent Persons (or who provide support to Competent Persons) for the purposes of Mineral Reporting. It would also be suitable for those with a more general interest in international reporting on mineral assets, including people involved in management of mining companies and consultancies, financial advisors and investors.

Since the late 1980s, public reporting of Exploration Results, Mineral Resources and Mineral Reserves has been governed by a variety of different reporting codes and standards, including: the PERC Reporting Standard (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 others. 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 standards and a move towards standardisation of the definitions of key terms. This course provides an introduction to the principles underlying the reporting codes and standards with particular reference to the PERC Reporting Standard 2021. The main focus of the course is on the role and responsibilities of the Competent Person when preparing assessments and reports in compliance with the PERC Reporting Standard 2021. Reference will be made to the use of the NI 43-101 Form F1 table of contents and Table 1 checklist in the PERC Reporting Standard as a framework for preparing technical reports (The JORC Code also contains a Table 1 checklist with similar content to the one in the PERC Reporting Standard).

Module 4

Understanding the Modifying Factors and how to assess and report on “Reasonable Prospects for Eventual Economic Extraction"

- Going from a resource to a reserve 
- Modifying Factors (including ESG considerations)
- Study types; Scoping/PEA; PFS; FS; what is expected
- How to assess "reasonable prospects of eventual economic extraction"  
- Can reserves be reported without having permits in place ?  
- Resource/reserve pit shells
- Reporting underground mineral resources

Speakers

Course modules will be presented by a range of different presenters all of whom have considerable experience in assessment of and reporting on Exploration Results, Mineral Resources and Mineral Reserves

Mark Burnett (Principal Geologist at AMC Consultants) will deliver this session.

Registration

This is the 4th course in a 7 part series. Delegates can either register for courses individually or for the whole series at a discounted rate. 

Registration for this session will close at 12.00 GMT on 23 February 2022 

We offer discounts on group bookings of 5 or more, please email [email protected] to enquire.

The Fellow Rate also applies to members of the other PERC member organisations (EFG, IGI, IOM3, IMEB and FAMMP).  

Student Registration

Previous course speakers Alison Graham and Vicky Corcoran have kindly donated a proportion of their speaker fee to fund places for students, this has enabled the society to offer a limited number of student places at a special rate. Proof of student status required when registering at this rate.

Venue

This series of events will be held virtually over Zoom at 16.00 GMT.

Contact

Please contact [email protected] with any enquiries.


Register now

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Registration rates

£ 60.00
£ 80.00
£ 8.00

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