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Potash, JORC and AMEC

February 14, 2017

Duncan

AQ2 staff are currently assisting the Association of Mining & Exploration Companies (AMEC) as part of a Potash Working Group, developing draft guidelines for the Reserve Determination for Brine Resources. It is proposed that these guidelines would be linked to the JORC code. There is currently no guideline available for companies wishing to list on the ASX, while following the JORC code and  companies are having to be guided by available international documentation, especially the NI 43-101 standard associated with the Canadian Institute of Mining (CIM). AQ2 are currently consulting on two potash projects where the CIM guidelines are being followed.

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