Summary

This review gives an introduction to the National Instrument 43-101 (NI 43-101). Web resources on Canadian, U.S. and Australian practices, as well as links to related topics such as valuation and due diligence are given

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INTRODUCTION

Chatting to a young geologist, I asked him what he was working on. His reply: "Like all the guys in this office, I am a Qualified Person putting out reports in terms of National Instrument 43-101."
"Is it difficult to become a Qualified Person?" I asked.
"No way," he replied, "all you have to do is have the right degree and some relevant experience and that is it."
"So what exactly do you do?" was my next question.
"Spend about two to three weeks in the field looking at things, and then a week or two writing up a report and that is it," he replied. Clearly he was not working on the report at this link, an NI 43-101 report that is worth reading for its shear look, feel, and history. Maybe he did a much shorter one like the one at this link. A third fascinating example of a 43-101 report is that by the company I still admire most at this link. Finally see this one. There are literally hundreds more on the internet if you are interested.

Just then his boss came up and in deference we listened to a long exposition of the need to survey the location of boreholes that provide the information that the Qualified Person needs to write their report.