This workshop has been cancelled. We apologize for this inconvenience and hope that you will consider joining us for one of the other events should they be of interest to you.

Post-Conference Workshop | WS10   View all workshops

The Role of Resource and Reserve Classification and Reporting in Financing the Supply of Critical Minerals

Date: August 31, 2023

Time: 9:00am - 5:00pm

Location: Hilton London Metropole | London, United Kingdom

Presenter: Edmund Sides, Mark Burnett, and Brock Salier

Attendee Maximum: 35

20% of spaces are reserved for students and offered at a discounted rate.

CANCELLED

Description

This workshop will provide an overview of the different systems which have developed for the classification and reporting of mineral resources and mineral reserves. The difference between the CRIRSCO (Committee for Mineral Reserves International Reporting Standards) reporting codes and standards which are used for Stock Market disclosure by listed companies and the UNFC (United Nations Framework Classification) based systems which are designed to support governmental strategic planning and non-governmental organizations will be discussed and explained.

The primary focus will be on the CRIRSCO reporting requirements, given that most exploration and mining projects are financed via equity capital or debt and as such shareholders and investors require a return on their invested capital. An overview of how mineral projects are viewed from an investor perspective, including what investors are looking for in a project and which projects and exploration programmes may be attractive to investors, will be provided.

Case study examples of mineral resource and mineral reserve reporting for several critical mineral deposits will be included, together with an investor's perspective on project progression from exploration through to feasibility and development, with some examples of fund raising for companies working on critical minerals. An overview will also be provided with respect to the consideration of ESG and sustainability aspects in the context of minerals reporting.

Attendees will receive certificates of participation. View all workshops.

About the Presenters

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Edmund Sides

Orebody Risks Limited

Edmund (Ed), PERC Chairperson, is a geologist with over 30 years of experience in mineral exploration and resource estimation. For the past 15 years he has been working as a mining industry consultant and has considerable experience in working with the PERC Reporting Standard and other international reporting standards. He has worked for a variety of different companies, including a major international mining company, an international academic institution, a commercial software company and two mining consultancy groups. Ed is one of the representatives of the Institute of Geologists of Ireland (IGI) on PERC. He is also one of PERC’s representatives on CRIRSCO.

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Mark Burnett

AMC Consultants

Mark has 30 years of experience in the mining industry and has had extensive exposure to the mining value chain, including early-stage exploration projects, shaft sinking, operational mines, mergers, acquisitions, and asset disposals. Mark joined AMC Consultants in 2018 as a Principal Geologist, where his primary responsibilities are undertaking and managing technical geological works including mineral resource estimates, technical reporting, business development, and client support in relation to exploration and production advice. Previously Mark worked for Snowden Mining Industry Consultants (Pty) Ltd and Harmony Gold Mining Company (Pty) Ltd in South Africa.

Mark joined PERC in May 2020 and was appointed as one of PERC’s representatives on CRIRSCO in May 2022. Mark chairs PERC’s Training and Finance & Regulatory sub-committees.

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Brock Salier

Sprott Capital Partners

Brock is founding partner and head of research for Sprott Capital Partners, a role that bridges investors and mining / exploration companies. Sprott Capital Partners was formed in 2017 to provide a comprehensive suite of capital raising and advisory solutions to natural resources companies. In a short period of time, Sprott Capital Partners has become a trusted partner to corporate and institutional clients by leading and completing a number of financings and M&A advisory mandates. Leveraging our deep sector expertise, longstanding relationships and best-in-class execution capabilities, we are uniquely positioned to deliver successful financial and strategic outcomes to our clients.

Schedule (Preliminary)

Thursday, August 31

  • 9:00am - 9:15 am: Introduction and overview
  • 9:15am - 10:00am: Systems used for the classification and reporting of Mineral Resources and Mineral Reserves
  • 10:00am - 10:45am: Modifying factors and reasonable prospects for eventual economic extraction (RPEEE)
  • 10:45am -11:00am: Break
  • 11:00am - 11:45am: Financing exploration projects: what investors are looking for and how to present your project in an appealing way
  • 11:45am - 12:30pm: Group exercise / Case Study
  • 12:30pm - 1:30pm: Lunch
  • 1:30pm - 2:15pm: Technical reports and the Table 1 checklist
  • 2:15pm - 3:00pm: Assessing risk and uncertainty
  • 3:00pm - 3:15pm: Break
  • 3:15pm - 4:00pm: What financiers look for in a mineral project from exploration through to feasibility and project implementation
  • 4:00pm - 4:45pm: Group exercise / Case Study
  • 4:45pm - 5:00pm: Round-up and closing remarks

Registration

Early Deadline: June 30, 2023
Regular Deadline: August 11, 2023

  Early Regular
SEG Professional Member US$495 US$495
SEG Student Member US$145 US$145
Non-member US$595 US$595
All prices are in United States dollars (USD). SEG reserves the right to cancel this event should minimum attendance numbers not be met by June 30, 2023. All registrants will be given a full refund should SEG cancel the course. Cancellation policy, event photography, dietary restrictions, and more are detailed in the SEG Conference terms and conditions.
CANCELLED