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ARTICLE · 28 AUGUST 2012

Securities Commissions State Their Views On Preliminary Economic Assessments And Qualified Persons

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On August 16, 2012, the Canadian Securities Administrators (CSA) published two staff notices pertaining to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), namely CSA Staff Notice 43-307 Mining Technical Reports – Preliminary Economic Assessments and CSA Staff Notice 43-308 Professional Associations under NI 43-101 Standards of Disclosure for Mineral Projects.

CanadaCorporate/Commercial Law
Daye Kaba
Daye Kaba
Charles Higgins
Charles Higgins
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On August 16, 2012, the Canadian Securities Administrators (CSA) published two staff notices pertaining to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), namely CSA Staff Notice 43-307 Mining Technical Reports – Preliminary Economic Assessments  and CSA Staff Notice 43-308 Professional Associations under NI 43-101 Standards of Disclosure for Mineral Projects.

CSA Staff Notice 43-307

On June 30, 2011 the CSA promulgated an amended version of NI 43-101. One of the prominent features of the amended instrument was the broadening of the definition of a preliminary economic assessment (PEA) in response to industry concerns that issuers needed to be able to take a step back and re-scope advanced stage projects based on new information or alternative production scenarios.

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