RE: Zinc price up. Over $3700 per tonne . Post on Europa Metals Twitter account.18 Oct 2021 11:33
I think it’s about right Sheds…However as per new SEC’s mining reporting rules…they no longer have to use a 24 month or as in our case a 36 month trailing reporting average…as long as it is reasonable…the main differences ito reporting are listed below.
eliminate the prohibition on estimating mineral resources and mineral reserves using a commodity price that is greater than the 24-month historical average;
allow mineral reserves to be declared based on a pre-feasibility study, even in high-risk situations;
allow mineral reserves to include diluting materials and allowances for losses;
permit inferred mineral resources to be included in the economic analysis that is included in an initial assessment (the equivalent to a preliminary economic assessment under Canada’s NI 43-101);
eliminate the requirement for a technical report summary in order to disclose material exploration results;
permit mineral resources and reserves to be disclosed at any specific point of reference selected by the qualified person, rather than three (in situ, plant or mill feed, and saleable product);
permit the use of non-compliant, historic estimates of mineral resources or mineral reserves in SEC filings pertaining to mergers, acquisitions and business combinations, subject to certain conditions;
permit registrants holding royalty or similar interests to omit information to which they lack access and which they cannot obtain without incurring an unreasonable burden or expense;
will not apply to geothermal fields;
permit the disclosure of exploration targets;
eliminate many of the quantitative thresholds in the proposed rules, in favor of more qualitative standards;
reduce the number of required tables, and the amount of information required to be included in tables;
clarify that technical report summaries may be authored by more than one qualified person; and
allow a qualified person to rely on certain information provided by the registrant.
Source : https://www.dorsey.com/newsresources/publications/client-alerts/2019/02/new-mining-disclosure-rules-2019#2016
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