National Instrument 43-101 (NI 43-101) is a rule
developed by the Canadian Securities
Administrators (CSA) and administered by the
provincial securities commissions that governs
how issuers disclose scientific and technical
information about their mineral projects to the
public. It covers oral statements as well as
written documents and websites. It requires that
all disclosure be based on advice by a
"qualified person" and in some circumstances
that the person be independent of the issuer and
the property.
A qualified person (QP) as defined in NI 43-101
as an individual who:
a) is an engineer or geoscientist with at
least five years of experience in mineral
exploration, mine development or operation
or mineral project assessment, or any
combination of these;
b) has experience relevant to the subject
matter of the mineral project and the
technical report; and
c) is a member in good standing of a
professional association.
NI
43-101, together with its Companion Policy
43-101CP and Form 43-101F1 Technical Report can
be downloaded from the
Ontario Securities Commission (OSC) website (http://www.osc.gov.on.ca/Regulation/Rulemaking/Current/rrn_part4_index.jsp)
. You will need to scroll down the page to
43-101, 43-101CP and 43-101 F1 Standards of
Disclosure for Mineral Projects and then
view/download the files from the appropriate
links there. For your convenience we have
a copy of the companion document as it properly
defines a frequent question we get about what is
the difference between "Inferred Mineral
Resource", "Indicated Mineral Resource",
"Measured Mineral Resource", "Probable Mineral
Reserve", "Proven Mineral Reserve":
Please be aware that the CSA has called for
submissions by interested parties by Dec. 10th,
2004 regarding proposed amendments to NI-43-101
(info on this may be viewed at the above link to
the OSC).
NI-43-101
companion_policy_43-101.pdf