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INTERNATIONAL REPORTING STANDARDS
WITH PARTICULAR REFERENCE TO SAMPLING TECHNIQUES
AND DATA
Roger Dixon,
SA Representative CRIRSCO
Member SAMREC/SAMVAL
SAIMM Sampling Conference June 2013
Presentation Agenda
• Principle objective CRIRSCO
• CRIRSCO Members
• Recent activities
• Potential Members
• International Reporting Template
• SAMREC – Sampling, QA/QC requirements Table 1
Principle Objective
To promote best practice in the international public
reporting of Mineral Exploration Results, Mineral Resources
and Mineral Reserves.
CRIRSCO is an international advisory body without legal
authority, relying on its constituent members to ensure
regulatory and disciplinary oversight at a national level.
It recognises the truly global nature of the minerals industry
and the agreed need for international consensus on
reporting standards.
CRIRSCO Members
Australia: JORC Code
Canada: NI 43-101 + CIM Standards
Chile: The Code for the certification of Exploration
Prospects, Mineral Resources and Ore Reserves
Europe: PERC Code
South Africa: SAMREC Code
United States: SME Guide for Reporting Exploration Information
Mineral Resources and Mineral Reserves
Russia Naen Code
Recent Activities
• Ministry Land and Resources (MLR) joint meeting Beijing
2009
• Russian Naen code developed 2010
• Extractive Activities Discussion Paper April 2010
- International Accounting Standards Board (IASB)
• UNECE 2013
- Expert Group on Resource Classification (EGRC)
- Specifications Task Force (STF)
Potential Members
Argentina Scandinavia
China Korea
Indonesia Brasil
Mongolia
Peru
Philippines
The Template
International
Reporting
Template
for the public reporting of
Exploration Results, Mineral Resources and Mineral
RESERVES
July 2006
Purpose
• Advisory only
• National Standards/Codes take precedence
• Model for development of new codes
Public Report
• Reports prepared for investors or potential investors
• Annual Reports
• Quarterly Reports
• Information Memoranda
• Websites
• Public Presentations
• Stock Exchange Information Systems
Principles
• Materiality - all relevant information
• Transparency- sufficient information to not be misled
• Competency
Competency
The Public Report is based on work that is the
responsibility of suitably qualified and experienced persons
who are subject to an enforceable Professional Code of
Ethics
Competent Person
• Member or Fellow of professional body with enforceable
code of ethics
• Five (5) years experience relevant to type of
mineralization and deposit and the activity being
undertaken
Competent Person
Team approach allowed but leader signs off.
NB. Satisfied in own mind able to face peers and
demonstrate competence in the commodity, type of
deposit and situation.
Disciplinary Procedure
• Responsibility of National Reporting Organization (NRO)
• International agreements through Recognizsed Overseas
Professional Organizations (ROPO)
RPOs
Fundamental Framework
Modifying Factors
Measured Mineral Resource
MMR is that part of a Mineral Resource for which tonnage,
densities, shape, physical characteristics grade and mineral
content can be estimated with a high level of confidence. It is
base on detailed and reliable information from exploration,
sampling and testing of material from locations such as
outcrops, trenches, pits ,workings and drill holes.The
locations are spaced closely enough to confirm geological
and grade continuity.
Level of Confidence
26.The CP responsible for the resource estimate must
determine the appropriate Mineral Resource category based
upon the quantity, distribution and quality of data available
and the level of confidence attached to the data with
reference to Table 1.The method of determining these
confidence levels must be disclosed
SAMREC Table 1:T3 Sampling
• T3.1 Sampling Governance
• T3.2 Sample Method, collection, validation, capture and
storage
• T3.3 Sample Preparation
• T3.4 Sample analysis
Exploration Results, Mineral Resources, Mineral Reserves
T3.1 Sampling Governance
• Governance of the sampling campaign and process to
ensure quality and representivity of samples and data
• Recovery, high grading, selective losses or contamination
Core/hole diameter, internal and external QA/QC
• Sample recoveries properly recorded - relationship with
grade and sample bias.
Any factors that may have resulted in or identified
sample bias
T3.2 Sample method, collection, validation,
capture and storage
• Describe each data set (eg geology, grade, density, quality)
sample type, size selection, collection method
• Demonstrate adequate field QA/QC techniques have
been applied
• Geometry of mineralisation with respect to drill hole
angle
• Describe validation procedures to ensure integrity eg
transcription, input or other errors
• Describe retention policy and storage of samples
• Describe audit process and frequency
T3.3 Sample Preparation
• Location and accreditation of the lab, process and method
for sample prep
• Nature, quality, verification and appropriateness of sample
prep technique
• Drill core sample techniques
• QA/QC procedures for all processes including sub-
sampling to maximise representivity
• Audit process and frequency
T 3.4 Sample analysis
• Identify the lab(s) and analytical method. Nature, quality
and appropriateness of the process
• Accreditation status and Reg No
• Discuss QA/QC procedures (reference material,
standards, blanks, duplicates and external checks)
• Audit process and frequency
Acknowledgements
CRIRSCO TEMPLATE
All slides
WWW.CRIRSCO.COM
Exploration Results
Exploration Results include data and information
generated by exploration programmes that may be of use
to investors but is not part of a formal declaration of
Mineral Resources or Reserves
Tonnage and grade not to be reported!
Mineral Resource
Concentration or occurrence of material of economic
interest in or on the earths crust in such form quality and
quantity that there are reasonable prospects for
eventual economic extraction
Not an inventory of all mineralization!
Mineral Reserve
• The economically mineable part of Measured and/or
Indicated Mineral Resource
• Includes dilution and losses
• Appropriate assessments have been carried out and
modifying factors have been considered
• Demonstrated at time of reporting extraction is
reasonably justified
• Proven and Probable
Mineral Resources/Reserves
• Must be clearly stated Mineral Resources are inclusive or
exclusive of Mineral Reserves
• Two should never be added together
• If inclusive relevant details of unmodified resources
should be reported
History
• CMMI 1994
• Denver Accord 1997
• UNECE agreement November 1999
• CRIRSCO formed in Cairns,Australia 2002
• Template initiated RestonVA 2003, published 2006

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International Reporting Standards with particular reference to sampling techniques and data. Presented at SAIMM conference "Sampling and analysis: Best Practice in African mining" Presented at Misty Hills conference centre June 4 2013

  • 1.
  • 2. INTERNATIONAL REPORTING STANDARDS WITH PARTICULAR REFERENCE TO SAMPLING TECHNIQUES AND DATA Roger Dixon, SA Representative CRIRSCO Member SAMREC/SAMVAL SAIMM Sampling Conference June 2013
  • 3. Presentation Agenda • Principle objective CRIRSCO • CRIRSCO Members • Recent activities • Potential Members • International Reporting Template • SAMREC – Sampling, QA/QC requirements Table 1
  • 4. Principle Objective To promote best practice in the international public reporting of Mineral Exploration Results, Mineral Resources and Mineral Reserves. CRIRSCO is an international advisory body without legal authority, relying on its constituent members to ensure regulatory and disciplinary oversight at a national level. It recognises the truly global nature of the minerals industry and the agreed need for international consensus on reporting standards.
  • 5. CRIRSCO Members Australia: JORC Code Canada: NI 43-101 + CIM Standards Chile: The Code for the certification of Exploration Prospects, Mineral Resources and Ore Reserves Europe: PERC Code South Africa: SAMREC Code United States: SME Guide for Reporting Exploration Information Mineral Resources and Mineral Reserves Russia Naen Code
  • 6. Recent Activities • Ministry Land and Resources (MLR) joint meeting Beijing 2009 • Russian Naen code developed 2010 • Extractive Activities Discussion Paper April 2010 - International Accounting Standards Board (IASB) • UNECE 2013 - Expert Group on Resource Classification (EGRC) - Specifications Task Force (STF)
  • 7. Potential Members Argentina Scandinavia China Korea Indonesia Brasil Mongolia Peru Philippines
  • 8. The Template International Reporting Template for the public reporting of Exploration Results, Mineral Resources and Mineral RESERVES July 2006
  • 9. Purpose • Advisory only • National Standards/Codes take precedence • Model for development of new codes
  • 10. Public Report • Reports prepared for investors or potential investors • Annual Reports • Quarterly Reports • Information Memoranda • Websites • Public Presentations • Stock Exchange Information Systems
  • 11. Principles • Materiality - all relevant information • Transparency- sufficient information to not be misled • Competency
  • 12. Competency The Public Report is based on work that is the responsibility of suitably qualified and experienced persons who are subject to an enforceable Professional Code of Ethics
  • 13. Competent Person • Member or Fellow of professional body with enforceable code of ethics • Five (5) years experience relevant to type of mineralization and deposit and the activity being undertaken
  • 14. Competent Person Team approach allowed but leader signs off. NB. Satisfied in own mind able to face peers and demonstrate competence in the commodity, type of deposit and situation.
  • 15. Disciplinary Procedure • Responsibility of National Reporting Organization (NRO) • International agreements through Recognizsed Overseas Professional Organizations (ROPO)
  • 16. RPOs
  • 19. Measured Mineral Resource MMR is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics grade and mineral content can be estimated with a high level of confidence. It is base on detailed and reliable information from exploration, sampling and testing of material from locations such as outcrops, trenches, pits ,workings and drill holes.The locations are spaced closely enough to confirm geological and grade continuity.
  • 20. Level of Confidence 26.The CP responsible for the resource estimate must determine the appropriate Mineral Resource category based upon the quantity, distribution and quality of data available and the level of confidence attached to the data with reference to Table 1.The method of determining these confidence levels must be disclosed
  • 21. SAMREC Table 1:T3 Sampling • T3.1 Sampling Governance • T3.2 Sample Method, collection, validation, capture and storage • T3.3 Sample Preparation • T3.4 Sample analysis Exploration Results, Mineral Resources, Mineral Reserves
  • 22. T3.1 Sampling Governance • Governance of the sampling campaign and process to ensure quality and representivity of samples and data • Recovery, high grading, selective losses or contamination Core/hole diameter, internal and external QA/QC • Sample recoveries properly recorded - relationship with grade and sample bias. Any factors that may have resulted in or identified sample bias
  • 23. T3.2 Sample method, collection, validation, capture and storage • Describe each data set (eg geology, grade, density, quality) sample type, size selection, collection method • Demonstrate adequate field QA/QC techniques have been applied • Geometry of mineralisation with respect to drill hole angle • Describe validation procedures to ensure integrity eg transcription, input or other errors • Describe retention policy and storage of samples • Describe audit process and frequency
  • 24. T3.3 Sample Preparation • Location and accreditation of the lab, process and method for sample prep • Nature, quality, verification and appropriateness of sample prep technique • Drill core sample techniques • QA/QC procedures for all processes including sub- sampling to maximise representivity • Audit process and frequency
  • 25. T 3.4 Sample analysis • Identify the lab(s) and analytical method. Nature, quality and appropriateness of the process • Accreditation status and Reg No • Discuss QA/QC procedures (reference material, standards, blanks, duplicates and external checks) • Audit process and frequency
  • 28. Exploration Results Exploration Results include data and information generated by exploration programmes that may be of use to investors but is not part of a formal declaration of Mineral Resources or Reserves Tonnage and grade not to be reported!
  • 29. Mineral Resource Concentration or occurrence of material of economic interest in or on the earths crust in such form quality and quantity that there are reasonable prospects for eventual economic extraction Not an inventory of all mineralization!
  • 30. Mineral Reserve • The economically mineable part of Measured and/or Indicated Mineral Resource • Includes dilution and losses • Appropriate assessments have been carried out and modifying factors have been considered • Demonstrated at time of reporting extraction is reasonably justified • Proven and Probable
  • 31. Mineral Resources/Reserves • Must be clearly stated Mineral Resources are inclusive or exclusive of Mineral Reserves • Two should never be added together • If inclusive relevant details of unmodified resources should be reported
  • 32. History • CMMI 1994 • Denver Accord 1997 • UNECE agreement November 1999 • CRIRSCO formed in Cairns,Australia 2002 • Template initiated RestonVA 2003, published 2006