A space to discuss aspects of the Caribbean geology, ore potential of the ophiolite belts, etc.
Sunday, April 5, 2026
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Are you struggling to choose between NI 43-101, the JORC Code, and the PERC Standard for your mineral project disclosure? Understanding the differences between SAMREC, S-K 1300, and integrated ESG frameworks like SASB or GRI is critical for modern geological reporting. This video breaks down the technical nuances of these CRIRSCO-aligned standards, helping junior and senior geologists navigate the rigorous requirements for public reporting in various international jurisdictions. For professionals operating in Canada, NI 43-101 establishes the standards of disclosure for mineral projects, defining resource and reserve categories that must be consistent with CIM standards and prepared by a Qualified Person.
Conversely, the JORC Code (2012) provides the mandatory classification system for the Australian Securities Exchange (ASX), built upon the core principles of transparency, materiality, and competence. The JORC Code specifically requires a technical summary of Table 1 on an "if not, why not" basis for significant projects to ensure material assumptions are explicitly disclosed.
In Europe, the PERC Reporting Standard (2021) sets the minimum guidelines for public reporting, emphasizing alignment with the CRIRSCO International Reporting Template to promote consistency across European securities exchanges. For those operating in the United States, S-K 1300 modernized the SEC’s disclosure regime by requiring a "Technical Report Summary" to support mineral resource or reserve claims, effectively replacing Industry Guide 7. Similarly, the SAMREC Code governs reporting in South Africa, mandating that documentation be signed by a Competent Person with at least five years of relevant experience.
Beyond traditional geological data, geologists must now integrate ESG frameworks; SASB standards focus on financial materiality for investors, while the GRI Standards provide a multi-stakeholder perspective on environmental and social impacts. Mastering these reporting codes ensures your technical information meets global compliance baselines and effectively communicates the economic value of mineral properties to the investment community.
The bridge between Academy and Industry!
P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly
Valls Geoconsultant
ORCID ID- https://orcid.org/0000-0002-5421-0914
Scopus Author ID: 7003369619/35335510700
ResearcherID: S-6604-2018
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Some references
Australasian Joint Ore Reserves Committee. (2024, August 1). Australasian code for reporting of exploration targets, exploration results, mineral resources, and ore reserves (The JORC Code exposure draft). https://www.jorc.org/docs/Draft_JORC_Code_01Aug2024_readonly.pdf
British Columbia Securities Commission. (2011, June 30). National instrument 43-101 standards of disclosure for mineral projects. https://www.bcsc.bc.ca/securities-law/policy-and-instruments/4-distribution-requirements/43-101
Canadian Institute of Mining, Metallurgy and Petroleum. (2011, June 24). NI 43-101 standards of disclosure for mineral projects and Form 43-101F1 technical report, https://mrmr.cim.org/media/1017/national-instrument-43-101.pdf
Electronic Code of Federal Regulations. (2026, April 1). 17 CFR Part 229 Subpart 229.1300: Disclosure by registrants engaged in mining operations. https://www.ecfr.gov/current/title-17/chapter-II/part-229/subpart-229.1300
Ontario Securities Commission. (2011, June 24). NI 43-101 standards of disclosure for mineral projects. https://www.osc.ca/en/securities-law/instruments-rules-policies/4/43-101
Pan-European Reserves & Resources Reporting Committee. (2022, December). PERC summary guide to public reporting for mineral companies in Europe. https://percstandard.org/wp-content/uploads/2023/01/PERC_summary_guide_230115.pdf
SAMCODES. (2016). The South African code for the reporting of exploration results, mineral resources and mineral reserves (SAMREC Code), https://www.samcodes.co.za
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