It has come to our attention that Members of the SAIMM and both Members and Fellows of the GSSA are not on the current list of Acceptable Foreign Associations and Membership Designations in Appendix A of Companion Policy 43-101CP which is part of NI 43-101.
This means that no Member of SAIMM and no Member/Fellow of GSSA can use their SAIMM/GSSA registration to compile NI 43-101 documents for the Toronto Stock Exchange. This does not affect any geoscientist who is registered with SACNASP. Neither does it affect engineers registered with ECSA or who are Fellows of SAIMM. This will, primarily, affect GSSA members living/working outside of South Africa, who are not registered with SACNASP.
The GSSA, SAIMM and the SSC have been in protracted discussions with relevant Securities Exchange representatives in this regard and have identified a method of dealing with this issue.
If you are affected by this situation, please contact Tania Marshall (firstname.lastname@example.org) or Sam Moola (email@example.com) for further information. Please note, this only refers to the situation where a company (listed on a Canadian exchange) wishes to contract you for a specific NI 43-101 Technical Report – you will need to supply:
- Details of your GSSA/SAIMM registration and reasons why you are not registered with SACNASP/ECSA or why you are not eligible for SAIMM Fellowship;
- Details (including contact details) of the company that wishes to contract your services;
- Details of the report they wish you to compile; and a
- Motivation from the company.
Please also note that communication with the relevant Canadian regulatory authorities to resolve the issue may take up to six months, so we will not be able to assist with urgent applications.