RE:few questionsTeranga's disclosure of mineral reserve and mineral resource information is governed by NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM ("CIM Standards"). CIM definitions of the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource", are substantially similar to the JORC Code corresponding definitions of the terms "ore reserve", "proved ore reserve", "probable ore reserve", "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource", respectively. Estimates of mineral resources and mineral reserves prepared in accordance with the JORC Code would not be materially different if prepared in accordance with the CIM definitions applicable under NI 43-101. There can be no assurance that those portions of mineral resources that are not mineral reserves will ultimately be converted into mineral reserves.
Read more at https://www.stockhouse.com/news/press-releases/2016/10/26/teranga-gold-s-drill-results-confirm-banfora-reserve-model-and-potential-for#QIsEL7LQfuZAY0O6.99 wrote:
SUNAR, I think they just jumped the gun and disclosed their reserves estimate in the Oct 26th PR without a proper NI 43-101 in place. The NI 43-101 will be issued on these reserve estimates in mid 2017. Nothing has changed, legally they had to retract that disclosure until such a time when it can be disclosed through an NI 43-101.