Abstract

RUPPRECHT, S.M.. The SAMREC Code 2105 - Some thoughts and concerns. J. S. Afr. Inst. Min. Metall. [online]. 2015, vol.115, n.11, pp.987-991. ISSN 2411-9717.  http://dx.doi.org/10.17159/2411-9717/2015/v115n11a1.

This paper is intended to document recent personal thoughts, opinions, and debate around the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the SAMREC Code) (2009) and its current usage by Competent Persons. Admittedly, some debates are as old as the SAMREC Code itself and have been 'parked' as no consensus could be reached by members of the SAMREC Working Group. Some of the more critical issues currently under examination are the definition of Competent Person and the potential registration of Competent Persons, the current re-write of the Code, and the introduction of reporting of Exploration Results, Mineral Resources, and Mineral Reserves on an 'If not - why not' basis, noncompliance with the Code and discipline, the role of the Johannesburg Stock Exchange Readers Panel, and the valuation of mineral assets based on scoping studies.

Keywords : SAMREC; Mineral Reserves; competency; reporting standards.

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