SHORT COURSES
Advancing Your Understanding of NI 43-101 and S-K 1300
Advancing Your Understanding of NI 43-101 and S-K 1300
Level: Intermediate
Facilitator: Sally Gillies, Ausenco
NI 43-101 has been around for over 20 years, and in 2022, the USA updated their laws around mining disclosure and created S-K 1300. Yet every time a mining company puts out a technical report or news release, there can be a slight twinge of worry that this is the time their disclosure will be reviewed by the regulators. This course aims to give you the tools and understanding to confidently create content that is prepared in accordance with NI 43-101 and S-K 1300.
In order to ensure compliant technical disclosure, preparation begins long before the regulators may conduct a review. Many problems stem from a lack of understanding and motivations of all the stakeholders in the technical disclosure ecosystem. During this course, participants will gain a deeper understanding of (i) basic disclosure requirements under NI 43-101 and S-K 1300 (and the differences), (ii) who reviews the reports and more importantly what and why they are reviewing, (iii) the evolving data requirements as reports advance from an exploration property through initial mineral resource estimate to a feasibility study, (iv) how to identifying and overcoming challenges in technical report generation, and (v) common errors and mistakes that create the chasm between company expectations and regulatory requirements. There will also be an update on what is known about the regulators’ efforts to modernize NI 43-101 in 2025.
The target audience for this course are the exploration and mining companies responsible for technical disclosure, as well as well as the engineers and geoscientists who create and contribute technical content, as well as the Qualified Persons who prepare, supervise and sign off on the technical disclosure.
Short Course Objectives:
Learn how to love disclosing technical information by understanding the difference between good and bad disclosure.
Grasp who is responsible for technical disclosure and how that impacts companies and QP’s.
Find out who will review technical disclosures, what they are looking for and triggers for reviews.
Appreciate the similarities and differences between technical disclosure requirements of Canada vs the USA.
Recognize and overcome challenges at the beginning, during and finalizing technical reports.
Gain insight into the contributing factors and quality of disclosure at different levels of technical reports as they advance from a mineral exploration property through to feasibility study.
Understand the key areas where errors in disclosure can happen – and how to avoid them.
Provide an update on the efforts to modernize NI 43-101.
Target Audience:
Exploration geoscientists, process engineers, environmental scientists, mine engineers, Qualified Persons, project engineers, junior engineers or geoscientists.
About the instructor(s):
Sally Gillies is a Professional Geologist with over 30 years international experience in the mining industry. Sally works at Ausenco, advising technical report stakeholders on all aspects of compliance with NI 43-101, S-K 1300 and JORC. She provides NI 43-101, S-K 1300 and JORC regulatory advice PEA, PFS and FS technical disclosure for Ausenco clients. Sally has extensive experience in the exploration and development of precious and base metal deposits in a variety of terrains, including orogenic and epithermal precious metals, polymetallic porphyries and Precambrian nickel and uranium deposits. Sally also spent 12 years at the TSX Venture Exchange, helping multiple Canadian companies understand their policy and regulatory disclosure requirements. As a result of her time there, she has reviewed over 1,500 technical reports for compliance with NI 43-101 and listed over 160 companies on the TSX Venture Exchange. She also previously co-presented on NI 43-101 short courses in collaboration with the BCSC, and CIRO. She is a Professional Geologist registered in BC, and holds a masters degree in economic geology. She is currently a sitting member on the CSA Mining Technical Advisory and Monitoring Committee and the CIM Mineral Resource and Mineral Reserve Committee. Her core skills include reviewing PEA, PFS and FS technical reports and news releases for compliance with NI 43-101, S-K 1300 and JORC, create and provide courses on project management and technical disclosure and compliance, and advising on professional body by-laws and impact on technical disclosure.