Key consultants > David Young, John Murphy

The Mineral Corporation fully understands the various international reporting codes for mineral resources and mineral reserves evaluation and for mineral asset valuation. Further, we understand the implications the codes have for the manner in which exploration is conducted and are familiar with the various guideline documents for coal resource evaluation and estimation.

These codes and guidelines include:
  • The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the SAMREC Code)
  • Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)
  • In Canada, the CIM and National Instrument 43-101
  • The South African Code for the Reporting of Mineral Asset Valuation (the SAMVAL Code)
  • Code for the Technical Assessment and Valuation of Mineral and Petroleum Assets and Securities for Independent Expert Reports (the VALMIN Code)
  • Standards and Guidelines for Valuation of Mineral Properties (CIMVAL)
  • South African Guide to the Systematic Evaluation of Coal Resources and Coal Reserves (SANS 10320:2004)
  • Australian Guidelines for the Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves.

The experts employed by The Mineral Corporation are competent through their experience to sign off on these public reports (Competent Persons’ and Competent Valuators’ Reports). They also have experience in preparing the reports in accordance with the regulations imposed by a variety of stock exchanges.

The Mineral Corporation, in the preparation of public reports, strives to protect the investor and the project owner by diligently forming an understanding of the project geology and mineability on a first-hand basis and thus provides a “hall mark” for the project as opposed to a “rubber stamp” of approval.