At Caracle Creek, our team of Qualified Persons (QP) can conduct thorough and efficient reviews and reporting on your project to improve exploration viability and mining reality.
Industry Standard Reporting (NI 43-101, JORC, SAMREC)
Professional reporting, necessary for regulatory filings and financing, includes the National Instrument 43-101 (NI 43-101), JORC, and SAMREC codes. For the purpose of due diligence and/or completing public listings on the AIM (UK), OFEX (UK) and TSX (Canada) exchanges, Caracle Creek has completed technical reviews and reports for its international clients and has experience in database compilation (geological, geophysical and geochemical) including data interpretation and management, and in composing Independent Technical Reports (Competent Person Reports, 43-101 Technical Reports, Qualified Person Reports) on properties involving numerous commodity types.
Property Evaluation and Due Diligence
As part of this process, Caracle Creek will assess the economical, political and environmental factors which may preclude the project from becoming viable. The Due Diligence process is outlined by the following steps:
- Legal: check the legal, logistic, personnel and accountancy parameters to clarify steps to legal standing and profitability.
- Data QA/QC: check the quality of all pertinent geological and geophysical information, assays and drill hole data.
- Community Relations: establish a rapport and understand information from all stakeholders, including local landowners, First Nations, and government officials.
- Regional Scope: Investigate all other available targets in the region to determine if a better one is available before committing resources to an inferior site.
- Development Steps: Establish a clear plan for expenditure to quantify and develop the project (if viable).
A Property Evaluation and Due Diligence Study helps prospective investors to better understand and evaluate the overall business risks involved.
Unlike Property Evaluation, a sensible Property Valuation of your mineral exploration property will assess its current (market) and potential value. In order to get the most out of a Property Valuation for a mineral property at the exploration stage, it is important that both the valuator and the user of the valuation understand the uncertainties involved. A good source for understanding the process is the CIMVal Standards and Guidelines for Valuation of Mineral Properties (www.cim.org).
It is important that the Valuator be independent and have the necessary qualifications and exploration experience relevant to the property being valued, so that the requirements of the relevant national reporting standard (CIMVal Standards and Guidelines, Canada/SAMVAL Code, South Africa/VALMIN Code, Australia) can be satisfied.
Although a valuation should be based on using more than one valuation method, the primary method applied depends on the nature of the valuation, the development status of the mineral property and the extent and reliability of available information. In the mining industry, there are three generally accepted valuation approaches: (1) Income Approach; (2) Market Approach; and, (3) Cost Approach.
Cost or Market approaches are applied to exploration and early-stage properties with mineral resources whereas the Income Approach would be applied to later-stage properties with mineral resources/reserves.