PROSPECTING AND MINING RIGHTS
This involves the development, preparation, compilation and submission of prospecting and mining right application, MINROM can assist with applications for South Africa as well as all SADC countries
A Competent Person’s Report will inform and protect investors
WHAT IS A PROSPECTING RIGHT & WHAT IS A MINING RIGHT
A prospecting right allows the owner to perform geological investigations to determine if the area contains any minerals of economic value. These are often, but not always, awarded along with specific requirements on the geological work that must be performed within a specified period of time in order to keep the prospecting right.
A mining right typically allows the owner to perform mining operations within a demarcated area. These are normally not granted until some form of prospecting has been performed and a level of reporting has been fulfilled according to the country’s requirements. Mining rights have specific reporting requirements and generally require quarterly or annual geological reports detailing the geological work performed, and depletion of the resource.
PROSPECTING RIGHTS THAT MINROM CAN ASSIST WITH
International standards of geological and mining project reporting have grown in importance over the years, in an attempt to reduce the risk of misrepresenting projects in the public and investing forums. These standards, or reporting codes, vary for each country, but they all require a competent person. The most common reporting codes are SAMREC, JORC and NI 43-101.
MINING RIGHTS WHAT MINROM CAN ASSIST WITH
- Mining right applications & supporting geological documents
- Reporting requirements for mining rights
- Geological support services for mining operations
- On-mine exploration
- On-mine grade control