Establishing the Best Practice Guidelines in Mineral Processing for NI 43-101

In 2009, the Canadian Mineral Processors (CMP) became aware that Canadian securities regulators were amending the contents of National Instrument 43-101. NI 43-101 is a set of regulations which establish how ore resources and reserves are presented to the investing public. The documents produced under NI 43-101 are central to the ability of many companies to raise financing for their projects. With the increase of metallurgical complexity, and decrease of head grades encountered in new deposits, the role of the Qualified Person (QP) in determining process performance has become increasingly critical in determining the classification category of resources and reserves. Given the challenges confronted by those involved in defining the concentration and extraction of minerals and metals, there is a need to provide support to these QPs. To address these concerns, the CMP established a sub-committee in 2010 to create a set of guideline documents to assist the QP involved in process matters as to what should be included at the various levels of study supporting the establishment of resources and reserves in NI 43- 101. The results of the sub-committee work are presented and the considerations in the writing of the documents are discussed.