Stans Energy Corp V.HRE.H

NI 43-101 Report will be done rapidly

[deepoil0808]

In many cases, NI 43-101 and JORC Code technical reports are considered inter-changeable and may be accepted by either regulatory body in cases of dual listed entities and, indeed, are accepted as the de facto industry reporting standard by many other jurisdictions which lack similar rigorous reporting standards or internationally recognized industry professional bodies.

The National Instrument 43-101 is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX).

Per the press release:

The JORC Report prepared by ERCOSPLAN Group (Germany) in July 2015 using data from 18 drill holes estimates the indicated mineral resources of the deposit at: Sylvinite: 189 million tonnes at 23.9% KCl; Carnallitite: 935 million tonnes at 13.9% KCl.

The Pre-feasibility Study prepared by ERCOSPLAN Group in December 2015 recommends solution mining as the best option for the carnallitite horizons which should be mined at phase one of deposit development, and provides a business-financial model for the 1 million tpa production rate.

Option negotiations commence once NI 43-101 is in.

For me, it appears that we already have NI 43-101 but in the form of JORC Report, which is inter-changeable.   Therefore prepare same report and stamp it with NI 43-101.

Seems easy to do.

My personal opinion