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National Instrument 43-101
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National
Instrument 43-101 (NI 43-101) is a rule
developed by the Canadian Securities
Administrators (CSA) and administered by the
provincial securities commissions that govern
how issuers disclose scientific and technical
information about their mineral projects to the
public. It covers oral statements as well as
written documents and websites. It requires that
all disclosure be based on advice by a
"qualified person" and in some circumstances
that the person be independent of the issuer and
the property.
A qualified person (QP) as defined in NI 43-101
as an individual who:
a) is an engineer or geoscientist with at
least five years of experience in mineral
exploration, mine development or operation
or mineral project assessment, or any
combination of these;
b) has experience relevant to the subject
matter of the mineral project and the
technical report; and
c) is a member in good standing of a
professional association.
NI 43-101, together with its Companion Policy
43-101CP and Form 43-101F1 Technical Report can
be downloaded from the
Canadian Council of
Professional Geoscientists
website.
NOTE: Members are reminded that NI 43-101 is
currently under revision. Many organizations,
including APGO, have submitted comments and
suggestions for consideration.
The definitions of resources and reserves
approved by the Canadian Institute of Mining,
Metallurgy and Petrolum and adopted by NI 43-101
are available from the
Standards and
Guidelines section of the CIM website.
Frequently Asked Questions (FAQ's) on NI 43-101,
originally released October 19, 2001 and updated
January 24, 2003 to include a clarification on
the status of Ontario Geoscientists, can be
downloaded below:
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