The NI 43-101 and its Importance to Mining Projects

  • The Canadian Securities Administrators (CSA) created the National Instrument (NI) 43-101 Technical Report to: standardize disclosure of mineral property and company information; ensure a minimum level of acceptable disclosure regulations and rules; and, to assist potential investors in understanding the information that they would be using to make a potential investment in the mineral resource industry.
  • Both domestic and foreign-owned companies that wish to trade on any of the Canadian Stock Exchanges must prepare and submit NI 43-101 Technical Reports on their mineral property(ies). The reports are overseen by the Canadian Securities Administrators and have been in place since 1998.
  • Mandin Gold Mining Sarl has approached Supreme Minerals Corporation a Canadian based mining&mineral exploration company based out of Halifax,Canada to complete the Ni-43-101 report for the concession covering 48 sq km .
  • Dr Willem Jacobus Smuts Director of exploration and mining for Supreme Minerals corporation is overseeing the operation. He is a veteran geologist with a cumulative experience of 30 years in the mining industries across Africa ,Asia, Europe and America. He has completed a number of assessments and technical reports pertaining to various commodities, including Gold, using various approaches described by the National Instrument 43-101,Standards of disclosure for mineral projects, Form 43-101F1,and the companion policy document 43-101CP(NI 43 -101).