Canadian Securities Regulators Review Mining Issuers’ Websites

On April 9, 2015, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 43‑309 (Review of Website Investor Presentations by Mining Issuers), which summarizes the findings of a review of investor presentations on mining issuers’ websites. Key findings from the review conducted by staff of the British Columbia Securities Commission, the Ontario Securities Commission, and the Autorité des marchés financiers (collectively, the Principal Mining Jurisdiction), include:

• Naming a qualified person (QP), on technical disclosure and position with the Issuer
• Preliminary economic assessments (PEA), use of inferred resources and achievement risk
• Mineral resources and mineral reserves, “resources are not reserves”