Peer Review and Technical Audit: Improved Assurance for Mineral Resource and Ore Reserve Estimates and Reporting

Author(s): 
Mark Noppe
Date: 
Thursday, February 1, 2018
First presented: 
Published in MACIG 2018
Type: 
Article
Category: 
Project Evaluation

Risk is an inherent component of the mining industry and risk governance is an integral part of corporate assurance and business decision making. Similar to the requirements for financial, legal and environmental governance, assurance regarding the processes applied to data collection, estimation and reporting of Mineral Resources and Ore Reserves is required. Mineral Resources and Ore Reserves are the key assets of a mining company, and senior management, company boards and external stakeholders require assurance on the accuracy of estimated and reported technical information.

In this article, Mark Noppe discusses what small and large mining companies can do to improve their assurance processes and increase investor confidence in their key assets.

Feature Author

Mark Noppe

Mark is a geoscientist with over 30 years’ mining industry experience in exploration, mining geology, practical geostatistical applications, resource estimation and reporting, mine reconciliation, feasibility studies, technical audits and due diligence. Mark has worked in South Africa, Western Australia and Queensland as a geologist and consultant and provides advice, training and mentoring in all aspects of orebody knowledge. His technical experience covers a wide range of projects, geological and mining settings, and commodities, including bauxite, diamonds, coal, copper, cobalt, iron ore & magnetite,
lead-zinc, sulphide and laterite nickel, niobium, potash, phosphate, PGE and gold projects in Australia, New Zealand, South Africa, Botswana, Zambia, Mali, Tanzania, UK, Indonesia, China, Canada, Chile, Jordan, Uzbekistan, Kyrgystan and the Russian Far East.

Corporate Consultant (Geology and Project Evaluation)
MSc (Exploration Geology), MGAA, MCAID, FAusIMM(CP)
SRK Brisbane
SRK Worldwide