NI 43-101 - What Qualified Persons Should Know

Experience and competency in their area of expertise is not sufficient to be considered a Qualified Person for the subject matter on which they are providing a professional opinion. There is also an expectation for the Qualified Person to maintain a knowledge and understanding of the principles behind the disclosure standards of NI 43-101, as well as the professional practice documents that are referenced in NI 43-101. Consequences of not meeting this level of understanding will be discussed throughout the presentation.

Learning Objectives

• Setting the regulatory scene: preferred capital markets for the mining industry.
• Regulators in Canada that have oversight of mining technical disclosure.
• Efforts to harmonize mining industry disclosure standards, definitions, and practices.
• Mining study definitions.
• Roles and responsibilities of Qualified Persons under NI 43-101.
• Basic principles of NI 43-101 and common compliance issues.
• CIM and other best practice guidelines and how they are referenced in NI 43-101.
• Corporate governance framework over mineral resource and reserve estimation process and the Qualified Person's involvement.
• Civil liability regime under the Securities Act and some of the defenses from a Qualified Person's perspective.
• Content requirements under Form 43-101F1 Technical Report.

Speaker

Dr. Greg Gosson, P.Geo.

Technical Director, Geology & Compliance, Wood.

• 40 years in mining industry: exploration, mine development and operations, company management.
• 5 years as Chief Mining Advisor of the BC Securities Commission.
• Led the project to revise NI 43-101 in 2005.
• Involved in drafting legislation on Civil Liability under Securities Act and NI 51-102 Continuous Disclosure Obligations.
• Former chair, current member of the Mining Technical Advisory and Monitoring Committee on NI 43-101: industry advisory group to the Canadian securities regulators.
• Member of the PDAC Securities Committee.
• Member of the CIM Committee on Mineral Resources and Reserves and Best Practices.
• Member of the Resources and Reserves Committee for SME.
• 14 years as Technical Director, Geology & Compliance, Wood.