Consultation on draft ministerial guidelines for description of a mineral resource
We are seeking industry feedback on the draft Ministerial Guidelines for Description of a Mineral Resource and the Preparation of a Mineralisation Report.
The guidelines outline the type and standard of information that applicants should include in their mineralisation report.
A mineralisation report accompanies an application for a mining or retention licence, with the purpose of establishing that there is a reasonable prospect that the mining of the resource will be economically viable. It is made up of the description of the mineral resource, report of exploration results and economic viability assessment.
The draft guidelines include the following changes:
- Incorporated and updated guidance from a number of current guidelines and information kits.
- The draft guidelines are split into two:
- Mandatory guidelines for description of a mineral resource.
- Advisory guidelines for preparation of a Mineralisation Report.
- Removed the ‘alternative evidence’ section.
- Separate reporting requirement for gypsum.
- Allow detailed resource report to the ASX to be accepted in place of a Mineralisation Report.
- Coversheet template included.
We would like feedback on the draft guideline, particularly regarding the following:
- Does the separation of the mandatory and advisory sections make the requirements easier to understand?
- The guidelines provide for NI 43-101 to be used instead of the JORC code. Is the reference to this in the guidelines sufficient?
- Is information on requirements for gypsum appropriate?
- Do any sections of the guidelines require further information or clarification?
- Are there any other areas of concern in relation to the guidelines?
Submissions can be made via Engage Victoria. Closing date for submissions is COB Tuesday 6 October 2020.
Page last updated: 02 Mar 2021