NI43-101 technical report compliant disclosure essentials

NI43-101 technical report compliant disclosure essentials?

National Instrument 43-101 ("NI 43-101") is a set of Canadian standards for public disclosure of scientific and technical information about mineral projects. These standards were developed jointly by Canadian securities regulatory authorities and the Canadian mining industry to improve disclosure standards for scientific and technical information about mineral projects.

NI 43-101 was first published in August 2001, and amendments have been made to the standards several times since then. The most recent version of NI 43-101 was published in November 2018.

The purpose of NI 43-101 is to improve the quality and consistency of public disclosure of scientific and technical information about mineral projects. The standards are also intended to promote investor confidence in the disclosure of scientific and technical information about mineral projects.

NI 43-101 is divided into three parts:

Part 1: Standards of Disclosure for Mineral Projects

In order to promote confident and informed investment in the Canadian mineral industry, the Canadian Securities Administrators (CSA) have established National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101). This instrument outlines the requirements for the disclosure of scientific and technical information about mineral properties in order to ensure that investors receive consistent, clear and reliable information.

While disclosure of mineral projects is not mandatory, if companies choose to disclose information about their mineral projects, they must do so in accordance with NI 43-101. This includes providing detailed information about the property, the mineral resources, and the technical studies that have been conducted.

In order to ensure compliance with NI 43-101, companies must have a Qualified Person (QP) on their team who is responsible for the preparation of the technical information. The QP must be independent

Part 2: Specific Requirements for Disclosure of Mineral Resources and Reserves

This Part sets out the specific requirements for the disclosure of Mineral Resources and Reserves, as required by National Instrument 43-101 Standards of Disclosure for Mineral Projects. These requirements supplement the general disclosure requirements in Part 1 of this Instrument.

Mineral Resources are defined as valueless mineralization that has reasonable prospects for eventual economic extraction. In order to classify a Mineral Resource, three things must be known: the location, quantity, and grade of the mineralization. "Quality" is a measure of the degree to which a given mineral is concentrated; "ore grade" refers to the average grade of the ore in a given deposit.

A "Mineral Reserve" is the economically mineable part of a Measured or Indicated Mineral Resource, supported by detailed and reasonable economic assessment. The reference point at which a Mineral Reserve is calculated is the point at

Part 3: Guidelines for the Preparation of Technical Reports

This Part sets out the specific requirements for the disclosure of Mineral Resources and Reserves, as required by National Instrument 43-101 Standards of Disclosure for Mineral Projects. These requirements supplement the general disclosure requirements in Part 1 of this Instrument.

Mineral Resources are defined as valueless mineralization that has reasonable prospects for eventual economic extraction. In order to classify a Mineral Resource, three things must be known: the location, quantity, and grade of the mineralization. "Quality" is a measure of the degree to which a given mineral is concentrated; "ore grade" refers to the average grade of the ore in a given deposit.

A "Mineral Reserve" is the economically mineable part of a Measured or Indicated Mineral Resource, supported by detailed and reasonable economic assessment. The reference point at which a Mineral Reserve is calculated is the point at