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NI 43101 Technical Report Updated Resource Estimate Andrea Copper Project Papua New Guinea Effective Date: May 1, 2015, Report Date: June 19, 2015Report Prepared forgone First Canadian Place 3400100
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01
Gather all relevant data including drill hole information, assay results, geological information, and any other pertinent data
02
Review previous mineral resource estimate and identify any changes or updates that need to be made
03
Use appropriate software or tools to calculate the updated mineral resource estimate
04
Ensure that the updated estimate complies with industry standards and regulations
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Prepare a report detailing the updated mineral resource estimate and any assumptions or limitations

Who needs updated mineral resource estimate?

01
Mining companies looking to understand the value of their mineral assets
02
Investors considering investing in a mining project
03
Regulatory bodies requiring accurate mineral resource estimates for permitting purposes
04
Consultants providing services to mining companies
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An updated mineral resource estimate is a revised assessment of the quantity, quality, and the economic viability of mineral deposits based on new exploration data or changes in market conditions.
Companies and entities involved in mineral exploration or production activities that are subject to regulatory reporting requirements must file an updated mineral resource estimate.
To fill out an updated mineral resource estimate, one must compile and analyze relevant geological data, prepare a resource model, and ensure compliance with reporting standards set by regulatory authorities.
The purpose of an updated mineral resource estimate is to provide stakeholders with accurate information regarding the mineral assets, which aids in decision-making related to future exploration, financing, and operational planning.
The report must include details such as the location and extent of mineral resources, classifications (measured, indicated, inferred), estimation methods, and assumptions made during the evaluation.
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