SAMCODES Conference 2021

Objectives

Objectives

The conference provides Competent Persons and Competent Valuators the opportunity to prepare and present details of recognised standards and industry benchmarks as well as relate lessons learnt in relation to the declaration of Mineral Resources and Mineral Reserves and the preparation of valuations.

In addition to providing contributions in respect of good practices and recognised standards and industry benchmarks, the conference aims to provide guidance on the complex issues in grey areas of the Codes.

The SAMCODES conference will incorporate issues such as the implementation of the Codes by The JSE • the relevance of the Codes • some of the lessons learnt since the implementation of the Codes in 2016 • address aspects of SANS 10320 for the declaration of Coal Resources and Coal Reserves • the application of the various methods of valuation and where and when they should be applied in accordance with the SAMVAL Code.

SAMREC Code

SAMREC Code

Exploration Targets

• Reporting of Exploration Results: What to report
• Exploration Targets: The use and misuse

Mineral Resources

• Geological data
• Use of Historical data
• In Situ Bulk density
• Sampling theory
• Drilling density
• Sample collection
• Sampling and analysis protocols
• QA/QC
• Geological interpretation and geological model
• Conditional simulation
• Mineral Resource estimation
• Classification and reporting
• Drilling techniques and drilling
• Role of technology in data capture and Mineral Resource estimation
• Reasonable Prospects of Eventual Economic Extraction (RPEEE)

Mineral Reserves

• The modifying factors - specifics
• Is capital funding required?
• Selecting a mining method
• Importance of Scoping and Pre-feasibility Studies
• Metal Markets: Consensus views
• Optimal mine scheduling
• Cut-off grades
• Feasibility studies
• Risk assessment in Mineral Resource and Mineral Reserve estimation
• Classification and reporting
• Grade reconciliation

Other Aspects

• The JSE listing Rules
• Lessons learnt from the Readers Panel
• CPRs: Use and Abuse.
• What Legal aspects are required?
• Environmental Sustainability issues
• Social and labour planning

SAMVAL Code

SAMVAL Code

Cost Approach

• Valuation of exploration properties using the cost approach

Market Approach

• A review of market-based approaches
• Valuation of mineral properties without Mineral Resources
• Valuation methods for exploration properties and undeveloped Mineral Resources

Income Approach – Acc to Samval Code

• A Review of cash flow approaches
• Discounted cash flow analysis: input parameters and sensitivity
• Discounted cash flow analysis: methodology and discount rates
• The valuation of advanced mining projects and operating mines
• Valuing mineral opportunities as options
• Audits and reviews
• Deleterious elements/minerals

SAMCODE Guidelines

SAMCODE Guidelines

SAMESG Guideline

• Impacts of ESG considerations on RPEEE
• Reporting lessons learnt

Diamond Resource and Reserve Reporting
Coal Resource and Reserve Reporting

• How does SANS10320 compare with other coal reporting guidelines?
• How applicable to other southern African coal deposits is SANS10320?
• What impact does using the in situ moisture and in situ density have on South African thermal Coal Resource estimates?

Who should attend

Who should attend

The conference provides a platform for:

• Resource geologists
• Resource investors
• Project Finance Practitioners
• Exploration geologists
• Geoscientists
• Mining engineers
• Mineral Resource and Reserve managers
• Mineral Resource and Reserve practitioners
• Competent Valuators

2 ECSA CPD points 2 SACNASP CPD points or 16 GSSA CPD points will be allocated to all attending delegates

Call for papers

Call for papers

Prospective authors are invited to submit titles and abstracts of their papers, in English. The abstracts should be no longer than 500 words. Authors will be required to register for the conference to present their papers.

Key Dates

Key dates

28 June 2020 Submission of abstracts
29 July 2020 Acceptance of abstracts
2 September 2020 Submission of Papers/Presentation Scope
26–27 October 2021 Conference

Sponsorship

Sponsorship

Sponsorship opportunities are available.
Companies wishing to sponsor should contact the Conference Co-ordinator.

Contact

Contact

FOR FURTHER INFORMATION, CONTACT:
Gugu Charlie, Conference Coordinator,
E-mail: gugu@saimm.co.za
Tel: +27 11 834-1273/7