What has LME said about NI-43-101 reports in the past?Someone earlier this week had brought up that LME started talking about producing a new Technical Report after the Sept 2022 AGM. Looking back at past PRs, we can see exactly how Cynthia and team were thinking a new technical report could be used.
LAURION Provides Update on Corporate Activities and Strategic Objectives - Sept 27 2022 Directly from the PR on Sept 27, 2022:
Expected Upcoming New NI 43-101 Technical Report With an eye towards
ensuring that LAURION is well-prepared in the event that it is faced with a potential merger, acquisition, significant financing or other capital markets event that it wishes to pursue, the Corporation’s Board of Directors is evaluating the prospect of commissioning a new NI 43-101 technical report for the Project, thereby allowing all of the important scientific and technical data that has been collected and publicly disclosed by the Corporation since April 23, 2013 (being the effective date of Laurion’s latest NI 43-101 technical report)
can be included in one of the following potential documents: (i) an information, proxy or take-over bid circular; (ii) a prospectus; or (iii) an annual information form. Laurion’s latest NI 43-101 technical report, which is entitled “Technical Report on the Resource Estimate on the Sturgeon River Mine Waste Pile and Tailings, Ishkoday Property, Northern Ontario”, was a “mineral resource estimate” on the Project and the report was filed on SEDAR on June 12, 2013. The Corporation’s Board of Directors is currently considering whether LAURION’s next technical report on the Project should be a mineral resource estimate update or whether it should be a “preliminary economic assessment” (also known as a “scoping study”). The Board of Directors will discuss this topic further with management and the Corporation’s advisors, third-party experts and qualified persons and will make a determination in the near future.
The Board of Directors believes that a new NI 43-101 technical report could serve as a cornerstone disclosure document that may potentially unlock, facilitate and support a prospective strategic transaction, while also consolidating all of the scientific and technical information regarding the Project. --
This is another example of Cynthia and team being prepared and executing their plan.