• Review of geological reports for compliance with NI 43-101
  • Summary of Issues:
  • Why It Doesn’t Comply:
  • Recommendation:

Review of geological reports for compliance with NI 43-101

The uploaded document, titled “ Technical Geological Report for Limani Gold Prospect,” outlines geological, environmental, and operational aspects of a mining project. However, compliance with , a , is stringent and requires adherence to specific content and reporting guidelines.

The uploaded document, titled “NI43-101 Technical Geological Report for Limani Gold Prospect,” outlines geological, environmental, and operational aspects of a . However, compliance with NI 43-101, a Canadian standard for the disclosure of mineral project information, is stringent and requires adherence to specific content and reporting guidelines.

Summary of Issues:

1. Qualified Person (QP) Statement:

   • NI 43-101 requires all reports to be prepared and as defined under the standard. While the document mentions a “Competent Person’s Report,” it does not explicitly state adherence to the , and the credentials of the person are not clarified in line with NI 43-101 expectations.

2. Resource and Reserve Classification:

   • NI 43-101 mandates and reserves (Measured, Indicated, Inferred). This report provides (e.g., 55,562 oz of gold at 2.88 g/t), but lacks the detailed classifications and justifications required under NI 43-101.

3. Economic Analysis:

   • An economic assessment (,, or ) is required under NI 43-101 for disclosing mineral project value. The document lacks sufficient economic analysis, including capital and operating cost estimates, which is mandatory for compliance.

4. Data Verification:

   • NI 43-101 requires verification procedures for data sources used in the report. While the document describes some historical exploration and , it does not adequately detail the data verification process or include validation by a Qualified Person.

5. Technical Justification:

   • The report mentions prior exploration activities and proposed mining methods but lacks the in-depth geological models,, and geotechnical assessments typically required under NI 43-101.

6. Environmental and Permitting:

   • NI 43-101 requires detailed disclosure of , permitting status, and compliance. While the document mentions an , it lacks specific information about environmental impact assessments or regulatory approval status.

Why It Doesn’t Comply:

• Insufficient Details: The report lacks key sections required under NI 43-101, such as a robust economic assessment, detailed, and comprehensive Qualified Person verification.

• Unverified Data: Historical exploration results are presented without transparent data verification and methodological disclosure.

• QP Credentials Missing: It does not specify a .

Recommendation:

For compliance, the report would need:

1. Certification by a Qualified Person with credentials listed explicitly as per NI 43-101 requirements.
2. Inclusion of detailed resource/reserve classifications and economic studies.
3. A comprehensive data verification process.
4. Explicit reference to in the document’s scope.

If you need assistance updating the report for compliance or further insights, feel free to ask!