An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor, and the consequences of being classified as such, vary between countries. Generally, accredited investors include high-net-worth individuals, banks, financial institutions, and other large corporations, who have access to complex and higher-risk investments such as venture capital, hedge funds, and angel investments.
OTC Markets Group, Inc. is an American financial market providing price and liquidity information for almost 12,400 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink.
There are several classification systems for the economic evaluation of mineral deposits worldwide. The most commonly used schemes base on the International Reporting Template, developed by the CRIRSCO - Committee for Mineral Reserves International Reporting Standards, like the Australian Joint Ore Reserves Committee - JORC Code 2012, the Pan-European Reserves & Resources Reporting Committee' – PERC Reporting Standard from 2021, the Canadian Institute of Mining, Metallurgy and Petroleum - CIM classification and the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC). A more detailed description of the historical development concerning reporting about mineral deposits can be found on the PERC web site.In 1997, the United Nations Framework Classification for Resources (UNFC) was development by the United Nations Economic Commission for Europe (UNECE). The Pan African Resource Reporting Code (PARC) is based on UNFC.
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is a not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy industries. CIM's members are convened from industry, academia and government.
A geologist is a scientist who studies the solid, liquid, and gaseous matter that constitutes Earth and other terrestrial planets, as well as the processes that shape them. Geologists usually study geology, earth science, or geophysics, although backgrounds in physics, chemistry, biology, and other sciences are also useful. Field research is an important component of geology, although many subdisciplines incorporate laboratory and digitalized work. Geologists can be classified in a larger group of scientists, called geoscientists.
Adex Mining Inc. is a Toronto, Ontario, Canada-based mining exploration company engaged in the development of its wholly owned Mount Pleasant Mine property in Charlotte County, New Brunswick, Canada. According to the Government of Canada report, Mount Pleasant is "North America's largest tin deposit and the world's largest reserve of indium." The company's stock trades on the TSX Venture Exchange under the symbol ADE.
Venmyn Deloitte is a wholly owned subsidiary of Deloitte. The company provides consulting services to the global minerals industry, bridging the disciplines of mining and finance, and emphasises Deloitte's commitment to the global mining industry. It is headquartered in Sandton, Johannesburg, South Africa.
Securities regulation in Canada is conducted by the various provincial securities commissions and self-regulating organizations (“SRO”) such as the MFDA and IIROC. Securities are issued under the authority and oversight of these bodies with the result that a broad range of rules apply to companies seeking to raise capital and to the parties acting as their agents in such transactions. However, there is a useful simplification that can be applied in Canada to provide some clarity for issuers - based on the criteria below securities issuers fall into two broad categories:
Orex Exploration is a former Canadian gold mining company that conducted exploration work on mining properties it owned in the Goldboro and Guysborough County areas of Nova Scotia. The properties owned by Orex were the sites of the former Boston Richardson Mine, Dolliver Mountain Mine, West Goldbrook Mine, and East Goldbrook Mine which operated between 1892 and 1912. Headquartered in Rouyn-Noranda, Quebec, the company was founded in 1987 and raised funds for exploration work, in part, by issuing stocks traded on the Montreal Stock Exchange and then the TSX Venture Exchange. It became a subsidiary of Anaconda Mining Inc. after Anaconda acquired the company in a stock swap deal in 2017.
Watts, Griffis and McOuat Limited ("WGM") is one of Canada's longest running independent firms of geological and mining consultants. Headquartered in Toronto, Ontario, Canada, the firm provides professional services to the global mineral resource industry, including exploration project management, property valuations, Mineral Resource and Reserve estimates, National Instrument 43-101 and JORC technical reports, and due diligence reviews.
Mount Ngualla, often referred to simply as Ngualla, is a collapsed volcano located in the remote south west of Tanzania. It is approximately 200 km north of the Mbeya township.
The Lac Otelnuk mine is Quebec's largest iron mine project with NI 43–101 compliant estimated reserves of 23.74 billion tonnes of ore grading 29.65% iron metal. In 2005 Bedford Resource Partners staked 129 claims over the deposit and optioned it to Adriana Resources. In 2012, 60% ownership of the iron deposit was sold to Wuhnan Iron and Steel Co. (WISCO). More than $150 million in expenditures have been invested in the exploration, all studies, the 2015 NI 43-101 compliant feasibility study and the formation of the Lac Otelnuk mining Company between Adriana Resources Inc and WISCO.
The Uley graphite project is a graphite mine at Uley 23 km southwest of Port Lincoln on the Eyre Peninsula in South Australia. It is also known as the Ouray mine. The mine is under "care and maintenance".
SGS Genesis is the fruit of more than 30 years of expertise in software development for the modelling of mineral resources. Indeed, in 1981, SGS S.A., formerly Gamma Geostat International Inc. was among the pioneers in computer based geostatistical methods and had created one of the first geological modeling software for the first generation of supercomputers. This software is used by SGS Canada Inc., among other things, for the production of National Instrument 43-101 reports in requirement with the Canadian securities regulation. Genesis offers all the tools necessary so that mineral resources are estimated in accordance with the rules of art in conformity with generally accepted CIM Estimation of Mineral Resource and Mineral Reserve Best Practices Guidelines.
Mineral resource estimation is used to determine and define the ore tonnage and grade of a geological deposit, from the developed block model. There are different estimation methods used for different scenarios dependent upon the ore boundaries, geological deposit geometry, grade variability and the amount of time and money available. A typical resource estimation involves the construction of a geological and resource model with data from various sources. Depending on the nature of the information and whether the data is hard copy or computerized, the principal steps of computer resource estimation are:
- Creation, standardization and validation of the database.
- Section plotting and interactive geological modeling.
- Geostatistical analysis.
- Block modeling and block estimation.
The South African Mineral Reporting Codes (SAMCODES) are codified sets of standards and guidelines applicable to the South African Minerals and Petroleum Industries, drafted and overseen by the SAMCODES Standards Committee (SSC), a professional and non-governmental body. Specifically, the standards and guidelines are applicable to public reports compiled on behalf of South African Minerals and Petroleum companies for the benefit of investors. The Codes are incorporated into Section 12 of the Johannesburg Stock Exchange (JSE) Listings Rules, which detail "the criteria for the listing of, and the additional disclosure requirements for Mineral Companies and, in certain circumstances, substantial mineral assets of non-Mineral Companies" in South Africa. As such, the SSC acts in an advisory capacity to the JSE, ensuring that reports submitted for listings consideration are compliant with the SAMCODES.
Oil and gas reserves denote discovered quantities of crude oil and natural gas that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas.
Geological engineering is a discipline of engineering concerned with the application of geological science and engineering principles to fields, such as civil engineering, mining, environmental engineering, and forestry, among others. The work of geological engineers often directs or supports the work of other engineering disciplines such as assessing the suitability of locations for civil engineering, environmental engineering, mining operations, and oil and gas projects by conducting geological, geoenvironmental, geophysical, and geotechnical studies. They are involved with impact studies for facilities and operations that affect surface and subsurface environments. The engineering design input and other recommendations made by geological engineers on these projects will often have a large impact on construction and operations. Geological engineers plan, design, and implement geotechnical, geological, geophysical, hydrogeological, and environmental data acquisition. This ranges from manual ground-based methods to deep drilling, to geochemical sampling, to advanced geophysical techniques and satellite surveying. Geological engineers are also concerned with the analysis of past and future ground behaviour, mapping at all scales, and ground characterization programs for specific engineering requirements. These analyses lead geological engineers to make recommendations and prepare reports which could have major effects on the foundations of construction, mining, and civil engineering projects. Some examples of projects include rock excavation, building foundation consolidation, pressure grouting, hydraulic channel erosion control, slope and fill stabilization, landslide risk assessment, groundwater monitoring, and assessment and remediation of contamination. In addition, geological engineers are included on design teams that develop solutions to surface hazards, groundwater remediation, underground and surface excavation projects, and resource management. Like mining engineers, geological engineers also conduct resource exploration campaigns, mine evaluation and feasibility assessments, and contribute to the ongoing efficiency, sustainability, and safety of active mining projects
The Kubi gold mine is an abandoned open pit mine located 8 kilometres (5.0 mi) northeast of Dunkwa-on-Offin and 22 kilometres (14 mi) south of Obuasi, in Central Region, southern Ghana. It is 180 kilometres (110 mi) northwest of the national capital, Accra.
The PERCStandard for Reporting of Exploration Results, Mineral Resources and Mineral Reserves sets out the minimum standards, as well as additional guidelines and recommendations for the Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves within Europe.
