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By M. F. Goudge

MAGNESIA refractories and magnesium metal are both essential war commodities. The need for magnesium, which had just made its debut as a commercial metal a few years before the outbreak of the present war, is widely known because this new and valuable light metal has already received much publicity. Less widely known but equally important in the war effort are magnesia refractories. They are indispensable to the efficient functioning of the great metallurgical plants producing steel, nickel, copper, and other metals, where, because of their resistance to extreme high temperature and chemical attack, they are used in lining the furnaces, which are operated at a white heat. The demand for refractories in the metallurgical industries rose rapidly upon the outbreak of war, and now, in consequence of the continued great expansion under way in the manufacture of steel, nickel, copper, and other metals, the need for magnesia is greater than ever. Since 1915, part of the Canadian requirements of basic refractories has been supplied from the deposits of magnesitic dolomite in Argenteuil county, Quebec. The products from these deposits are excellent for many uses, but the magnesitic dolomite has too high a content of silica and lime to be used in making a type of magnesia brick required in nickel converters, and in the roofs of reverberatory furnaces used in the copper and steel industries. There is now a large and growing demand in Canada for bricks and shapes for these uses. This demand has always been supplied from the United States. Makers of these products in the United States, in turn, formerly imported most of the necessary high-grade, dead-burned magnesia from Austria and Manchuria. Not only are these sources closed, but refractory chrome ore from the Philippines is no longer available and chrome refractories may have to be in large part replaced by magnesia.

Jan 1, 1942

By J. C. Murray

Introductory: In dealing with a topic so large, one that involves such a multiplicity of details, and that also has certain controversial aspects, it is quite impracticable within the limits of this article to touch upon many most interesting phases and incidents. Also, to bring out the actual truth, it is necessary to make certain categorical statements. The writer believes that all such statements made here-under are supported by facts. Again, however, it is out of the question to cite all the proof. The writer, therefore, will gladly answer any pertinent criticisms or questions and thus supplement the unavoidable brevity of this paper. Controversial points will take care of themselves. Historical: For present purposes the history of gold mining in Nova Scotia may best be summed up in a very few paragraphs, in some of which the writer quotes freely from recent reports compiled by himself. The first material discovery of gold was made in the year 1860. As this and rapidly succeeding discoveries were looked upon as bonanzas, the claims were fixed at a size of 20 by 50 feet, and a yearly rental of $20 was charged. Later the claims (areas) were increased in size to 50 by 150 feet. In the year 1866 a temporarily successful company, so we are informed by a contemporary writer, owned a mill and mining plant worth $6,000. As this fact is cited with admiration, it is apparent that most of the mining and milling must have been done in a very primitive manner indeed.

Jan 1, 1926

By V. F. Hollister

Four conditions are commonly accepted as being needed for the development of native sulphur deposits in sedimentary rocks : (1) ample sulphate-bearing evaporite, normally anhydritic; (2) proximity to petroleum deposits; (3) a hydrodynamic system of communication between these two; (4) a stratigraphic or structural trap to prevent escape of the sulphur and sulphur -bearing reaction products. When any of these requisites are absent, apparently no significant residual bio-epigenetic sulphur deposit will form. These requirements are, however, satisfied in some areas, which include both the Triassic and Devonian evaporites of northeastern British Columbia.

Jan 1, 1977

By A. P. Paiva

The solvent extraction properties exhibited by some /V,N'-tetrasubstituted malonamides to efficiently and selectively recover iron(III) from concentrated chloride leaching solutions can be found in the recent literature. The iron(III) extractive chemistry exhibited by some of these derivatives is revisited, in order to compare their chemistry with that shown by a few of the new malonamide compounds. The generally good extraction efficiency towards Fe(III), from >4 M hydrochloric acid solutions, and the relative ease of Fe(III) stripping by distilled water are remarkable findings that are confirmed for the malonamide derivatives described in this work. Furthermore, additional data regarding their selectivity towards Fe(III) extraction over several base metal ions and their behavior when subjected to successive Fe(III) extraction-stripping tests are also presented and discussed.

Jan 1, 2006

By Jochen Petersen, Jean-Paul Franzidis, Allan Nesbitt

This study presents a method for the determination of intra-particle diffusivities in ion-exchange resins for the purposes of evaluating the state of resin degradation during service. The method uses a zero length column (ZLC) in a closed circuit with variable speed pump and reservoir. The intra-particle diffusion is determined from absorption data by using the Nernst-Plank approximation along with the ‘mass transfer factor’ - which is a product of the mass transfer coefficient (kf )and the concentration of the adsorbing ion in the liquid at the surface of the resin - in a computer algorithm fitting simulated curves to experimental data.. Through this approach the changed intra-particle diffusivity, of a gel-type acid resin, over a 1000 loading and elution cycles, is shown.

Jan 1, 2014

By L. E. Djingheuzian

"IntroductionIN 1940, in a series of articles, M. W. von Bernewitz(l) reviewed in detail roasting of gold and silver sulphide ores and concentrates. Since that time some significant developments in roasting have taken place, and a number of papers have appeared in the Canadian technical literature, dealing severally with the roasting of a particular ore or concentrate.The purpose of this paper is not only to review some of these Canadian papers and bring the information on Canadian roasting practices to .date, but also to analyse the mechanism of roasting. Hence, it is proposed to start with a study of physico-cl1emical factors fundamental in roasting, the knowledge of which, by creating a sound basis for a proper roaster design, makes good roasting possible.Physico-Chemical FactorsRoasting can be defined as heating sulphide ores in presence of air below fusion points of the constituent minerals, at such temperatures as to convert metallic sulphides to oxides. Hence, roasting is a chemical process.The object of roasting is, by changing, chemically, mineral constituents of sulphide ores, to make the economic recovery of the desired •Constituent metal by a subsequent standard treatment possible. For instance, pyritic ores, containing gold in sub-microscopic form which no amount of grinding would release, are roasted in order, by oxidizing the sulphides, to open up their structures to such an extent as to enable cyanide solutions to come into contact with the gold and dissolve it. The production of porous calcine is, therefore, the object of roasting of refractory auriferous sulphide ores or concentrates. Such a porous calcine may be defined as a desirable calcine, and the roasts which produce desirable calcines can in their turn be termed desirable roasts."

Jan 1, 1952

By Neil Campbell

"The gently-dipping Devonian dolomite beds south of Great Slave lake in northern Canada are nearly every-where concealed by a cover of glacial drift and muskeg. Nevertheless, in 1898 or earlier, four small outcropping areas of dolomite, richly mineralized with lead and zinc sulphides, were discovered. Exploration work performed here up to the end of 1930, included intensive trenching and drilling of the showings, together with mapping and wide-spaced drilling in the surrounding region. This work proved that the discoveries are isolated pockets of mineralization much too small to be commercially valuable by themselves. No evidence of orebodies elsewhere was reported.Meanwhile, mapping by the G.S.C. in the Shield far to the east disclosed major Precambrian faults, some of which can be projected southwesterly (under a cover of Paleozoic sediments) to the vicinity of Pine Point. During the period from 1940 to 1947, consideration was given, by The Consolidated Mining and Smelting Company Ltd., to evidence of a theoretical possibility that, although apparently dormant in Paleozoic times, these faults may have provided a structural control and a source of ore-bearing solutions in some post-Devonian period. From this, it was postulated that the breaks might have created, in the overlying dolomite, a linear array of orebodies concealed by overburden but lying in a belt of considerable length and in a position predictable within practical limits. A program of drilling designed to test and exploit this specific concept was conducted from 1948 to 1955.he drilling within the new, theoretically-defined search area resulted in the discovery of many lead-zinc ore-bodies, none of which was exposed at the surface. Some of these are large and (as indicated by 1965 production records) very rich. They are situated 1 to several miles distant from, and apparently not connected to, the earlier-known surface discoveries. The drilling also disclosed that the ore, which consists of disseminated sphalerite and galena replacements together with colloform sphalerite and coarse galena cavity fillings, occurs mainly at certain stratigraphic horizons within a large, coarsely-recrystallized dolomite barrier reef. Considerable fracturing and folding was found. It has been suggested that reef development was influenced by post-Precambrian tectonic movements associated with the old faults in the basement complex. The ore may have been deposited by solutions moving from distant sources to favourable structural and chemical environments in or related to the reef.In more recent exploration performed in the course of preparing for mining production, the rate of ore discovery within the same general geological context has been greatly accelerated by the use of new geophysical techniques and drilling equipment. Reserves of 21.5 million tons, averaging 4 per cent lead and 7.2 per cent zinc, were reported in 1965, and production from open pits at the rate of approximately 248,000 tons of concentrates per year is in progress"

Jan 1, 1966

By E. Lehtila, J. J. Talja, R. Jahila

Kopar Oy is acknowledged for engineering and manufacturing of robust systems for bulk material handling, especially at power plants and non-ferrous smelters. We have over thirty years of experience with systems specifically designed for hot and abrasive conditions, aiming at low cost of ownership, low operational expenses and high availability. Although Kopar has numerous applications in mechanical conveying, there is an increasing number of pneumatic conveying applications at copper smelters. They relate to conveying of concentrate, and primary and secondary flue dusts. Challenges of pneumatic conveying for concentrate are mechanical and do relate to broad particle size distribution and high abrasivity of the concentrate and the silica. Therefore, special attention shall be paid to system design and ceramically lined bends in the pipeline. Challenges of pneumatic conveying of primary flue dust relate predominantly to material stickiness and poor flowability which are mainly due to fine particle size and formation of sulphates and furthermore, crystalline water. Additional challenges of secondary dust, the white converter dust, are primarily due to the extremely fine 0.1–1.5 µm particle size and problems which come with this. Effect of material characteristics like size distribution, morphology and chemical composition in pneumatic conveying are discussed in detail. INTRODUCTION Fine materials like concentrate, feed mix, flue dusts (from waste heat boiler and electrostatic precipitator) and secondary dusts need to be conveyed at smelters. Both horizontal and vertical conveying and combination of those are used. For the purpose, both mechanical and pneumatic conveying are applied. Most widely used equipment are drag chain conveyors and various combination of pneumatic systems, e.g. air lift, dense-phase and dilute phase pneumatic conveyors. Kopar has 30 years’ experience with multiple material handling systems. Furthermore, acquired companies like Elmomet Oy and SITE Oy (both currently fully merged and integrated into Kopar Oy) have even longer history, especially in pneumatic conveying. It is commonly known that the finer the dust the more difficult it is to be conveyed pneumatically. Sulfates with crystal water makes it all even more difficult, if not ineligible. Challenges related to pneumatic conveying of various fine materials is discussed in detail in the paper.

Jan 1, 2019

By E. Uzun

"In this study, H2SO4 and HCl leaching behaviour of an ore sample containing 1.87% of Ni, obtained from the Karaçam (Eskisehir-Turkey) lateritic deposit that started operation recently was investigated. Acid concentration, temperature and reaction time were investigated as variables by comparative leaching tests and the optimum leaching conditions were selected on teh basis of Ni, Fe, Co and Mg behaviour. For H2SO4 leaching, optimum leach parameters were 95°C, a 12 normal H2SO4 concentration and 90 minutes of reaction time, and under these conditions Ni and Fe dissolutions were 97.6% and 95.4% respectively. On the other hand, 70°C, an 8 normal HCl concentration and a reaction time of 90 minutes were found to be the optimum parameters for HCl leaching, and Ni and Fe dissolutions found were 97.1% and 97.8%, respectively.INTRODUCTION Today, nickel and various nickel compounds are obtained from sulphide and lateritic nickel ores (Moskalyk & Alfantazi, 2002). Even though about 72% of the world's nickel reserves constitute lateritic ores, only about 42% of nickel is produced from these ores. The decrease in production from sulphide deposits, on the other hand, and increases in the use of nickel in the iron and steel, and battery production sectors, and especially the production of nickel cast irons in recent years, have accelerated the importance of making use of lateritic deposits (Luo et. al., 2010; Chang et. al., 2010). In the beneficiation of sulphide nickel ores, mostly pyrometallurgical methods are used. On the other hand, about 39% of lateritic ores are beneficiated by pyrometallurgical, and 61% are beneficiated by hydrometallurgical methods (USGS, 2009). In laterite beneficiation, the ore properties are of significance; that is to say, limonitic ores are eneficiated by high pressure acid leaching or via the Caron process, nontronitic ores are beneficiated by high pressure acid leaching or heat treatment (smelting), and ores containing serpentine by pyrometallurgical methods (Berezowsky, 2004; McDonald & Whittington, 2008a; Dreisinger et. al., 2015)."

Jan 1, 2017

By Aidan Giblett, Michael McGlynn, Peter Radziszewski

"On the basis that 99% of the energy input into a mill is converted into heat, it is possible to estimate the amount of energy captured in the slurry, the amount that is lost to the environment as well as the possible means to reduce such losses. As a result it becomes possible to estimate the potential amount of energy that can be captured by technologies such as thermoelectric generators or even Sterling engines. Furthermore, it has been suggested that the energy recovery potential dry grinding circuit could be as high as twice that of wet grinding circuits.In this paper, the energy recovery potential of dry grinding will be explored by examining the case of the Newmont Carlin mine dry grinding circuit. The paper will open with a review of the energy recovery potential of a few wet grinding applications followed by a description of the dry grinding circuit and a definition of the control volume around that circuit. A thermodynamic model will be used to estimate the circuit discharge temperature and an estimate of any losses as well as provide an estimate of the potential impact of different means to reduce energy losses. The paper will close with a discussion of the assumptions used in model development."

Jan 1, 2016

By L. E. Djingheuzian

Introduction Cylindrical grinding mills have been used for a long time, but during many years of testing no methods were established that gave consistent results. The work by both scientific investigators and operators led very often to contradictory conclusions, and each millman was very much 'on his own' when trying to find the limits for working of his ball-mills. Fred C. Bond, in the introduction to his paper on Wear and Size Distribution of Grinding Balls, freely states that the mathematical immaturity of the grinding process "is the cause of many inefficient designs and installations as well as of much poorly oriented experimental work", and evidently he sees the solution of all our grinding problems in the discovery of the fundamental laws "which can change the empirical art into a mathematically exact science". While the writer is in complete agreement with Mr. Bond that grinding is governed by fundamental laws which can be expressed by mathematical formulae, there are so many variables in grinding, all interwoven with each other and mutually influencing each other, that the coalescing and merging of all these variables into a harmonious mathematical whole appears to be a homeric job. However, a light appeared on the horizon when it was proposed that power be used as an index of the grinding operation. It is pertinent to quote Gow, Guggenheim, Campbell, and Coghill from their paper on Ball Milling, in which they say: "Much of the past literature devoted to the subject has been concerned with the Kick-Rittinger dispute over evaluating grinding, or with dissertations on ball paths and the closely allied impact versus attrition hypotheses or with the exclusive consideration of certain specific variables, such as mill speed or circulating load, irrespectve of the other factors in operation. Such subjects may be dismissed with but little discussion in what may be called, by comparison a new philosophy in the stud of ball milling. Briefly this 'new philosophy' consists ' of using power as an index of the mill operation, and investigating grinding from the standpoint of set and induced variables with emphasis on the latter". But it is safe to assume that it was the work by E.W. Davis, H. E. T. Haultain, F. C. Dyer, A: M. Gaudin, J. Gross, S. R. Zimmerley, and others, that cleared the path for the authors of Ball Milling and induced them and A. W. Fahrenwald to look farther afield and thus to establish a far-reaching relationship between the power and capacity and the diameter of the ball-mills.

Jan 1, 1949

By M. Stogran-Baker, E. Legault-Seguin

"Fluorspar mining in the St. Lawrence area of Newfoundland and Labrador began in the 1930s and ended in the mid-1980s. In 2013, Canada Fluorspar (NL) Inc (CFI) discovered a new ore body, the AGS vein, which proved amenable to more economic open pit mining methods and began developing this resource. This paper discusses the flowsheet development of the AGS vein deposit. Testing at SGS began in 2009 with samples from other deposits in the area. The testwork included pilot-scale dense medium separation (DMS), laboratory-scale flotation tests to develop the flowsheet and a flotation pilot plant. The more recent work that is presented here has been devoted to the AGS vein, and included a variability testing program that gave tremendous insight into the metallurgical drivers of processing the deposit. The ore was found to be fairly variable in terms of fluorite grade, but also gangue mineralogy, which had greater implications on the DMS performance. The gangue mineralogy was also found to significantly impact the grindability characteristics of the DMS product. This paper will detail the testing conducted and the mitigating steps which were identified for the operation.INTRODUCTION Fluorspar is the industrial trade name for the mineral fluorite (CaF2), which is the primary industrial source of fluoride. There are a number of categories of fluorspar, most notably acid-grade fluorspar and metallurgical fluorspar (metspar). Acid-grade fluorspar has stringent specifications and is suitable for the production of hydrofluoric acid that is used for many applications. The typical specifications of acid-grade fluorspar are >97% CaF2 and less than 1% each of SiO2 and CaCO3, with a particle size distribution in the order of 80% passing 100 µm. Metspar is typically used for metallurgical purposes, typically as a flux in smelting, and has significantly more relaxed specifications (< 15% SiO2). The principle source of fluorspar in Canada has been from the Burin Peninsula in Newfoundland and Labrador. More than 3 million tonnes of fluorspar were produced there between 1940 and 1978 and from 1987 to 1990, when production ceased (Fulton & Montgomery, 1994)."

Jan 1, 2018

By R. Agius, A. Nacu

"Cyanide destruction technologies are implemented at gold and silver operations to comply with the International Cyanide Management Code and meet ever more stringent discharge limits. Currently, the most common chemical cyanide destruction processes used in industry are sulfur dioxide/oxygen, hydrogen peroxide, and Caro’s acid. The cyanide destruction process used at an operation must reliably generate streams of acceptable quality at all times, and depends on numerous factors, including permit discharge requirements, tailings chemistry, location, site-specific climatic conditions and size of the operation. Selecting the most appropriate cyanide destruction process and determining the process design criteria requires accurate laboratory testing. This paper presents and discusses the results of a number of cyanide destruction evaluations that have been conducted to reduce cyanide concentration in process solutions or cyanidation tails. Laboratory testing provides important insights into reagent consumption and other factors required to achieve the target residual weak acid dissociable cyanide (CNWAD) levels.INTRODUCTION Process solutions associated with the extraction of gold and silver contain several forms of cyanide. The most toxic form of cyanide is free cyanide, which can be present as a dissociated cyanide anion (CN-) or gaseous or aqueous HCN. Weak or moderately stable cyanide complexes such as those of zinc, copper and nickel are classified as weak acid dissociable (CNWAD). Although less toxic than free cyanide, weak acid dissociable cyanide complexes are considered “ecologically sensitive” forms of cyanide and are regulated in most jurisdictions. In practice, reported WAD cyanide values comprises both free cyanide and weak acid dissociable cyanide complexes. Cyanide complexes with gold, mercury, cobalt and iron are referred to as strong acid dissociable complexes (CNSAD) and are much more stable, even under mildly acidic conditions. Another term commonly used in cyanide chemistry is total cyanide, which represents all cyanide compounds present in solution. Total cyanide levels in solutions are always equal to or higher than WAD cyanide values and the difference between the two usually indicates the presence of iron-cyanide compounds. Typically in Canada, CNTOTAL levels cannot exceed 1 mg/L in solutions discharged to the environment."

Jan 1, 2017

By Kurt F. Weitz

"The number of materials that can be classified as fillers covers an extremely wide range: this paper outlines those fillers of the industrial mineral type that find extensive application in the paint and plastics industriesIn the paint industry, mineral fillers are known as extender pigments. Extenders are added to paint and plastic compositions to (1) lower the cost and (2) rein-force or modify the physical properties of a composition.Commonly used extenders are classified according to chemical type and discussed in terms of the change in physical properties that they impart to a paint or plastic film. Available cost reductions and data on the consumption of extenders in the Canadian paint industry are also included."

Jan 1, 1970

By Owen Matthews

Introduction For the past year and a half, the mill of Cochenour Willans Gold Mines, Limited, McKenzie Island, Ontario has been roasting arsenopyrite-gold concentrates, prior to cyanidation, by means of a roaster employing techniques that are new and novel. The roaster is known as the Dorrco &apos;fluo-solids reactor&apos;, and the technique as &apos;fluidization&apos;. The reactor has demonstrated its ability to roast a flotation concentrate containing arsenopyrite, pyrite, stibnite, small quantities of other sulphides, and some lime silicates and carbonates, yielding a calcine consisting mainly of porous iron oxide, plus the gold values. This calcine is readily amenable to cyanidation. Bulk shipments of concentrates to a distant custom smelter, as practised prior to this installation, has thus been eliminated, with appreciable savings in smelting charges, freight costs, and interest losses during shipment and smelting. This is the pioneer installation of fluo-solids roasting at a Canadian mill and up to the present performance results have not been published. It is the purpose of this paper to present the information now available for the benefit of other millmen who may be confronted with identical or similar problems to those encountered and solved at Cochenour Willans.

Jan 1, 1949

Mining Equipment Challenges Equipment Availability Unplanned downtime Maintenance Costs Secondary damage and catastrophic failures (T282 $750k) Emergency work is 4x the cost of planned work Inspections Troubleshooting time Incorrect repairs (parts, labor, lost production) Equipment Life Mis-operation of equipment

May 1, 2013

By Paul Guliov

Preliminary investigations of stone resources were conducted in the La Range, Johnson Lake-Pelican Narrows-Deschambault Lake and Creighton-Amisk Lake regions of Saskatchewan. The work identified a rich variety of accessible, attractive and technically promising stone resources. Ordovician dolomites in various combinations of red, buff, yellow, grey and purple are very dense and take a very good polish. These are classified as marbles in the industry and some rival the famous marbles of Verona, Italy. A wide variety of attractive granites have been identified. Among these is a jade green stone (charnockite) and ornamental banded granites (gneisses). A dark greenish to black stone (amphibolite) with white and red veining resembles the well-known Verde Antique variety of Vermont and Italy and surpasses it aesthetically and in engineering properties. Some of these stones have been displayed at Canadian and United States expositions where they received an enthusiastic response from the international stone industry. More detailed evaluation and test quarrying of promising deposits are required. Such work could be rewarding to the industry as some stone varieties in the province have the potential for gaining international markets.

Jan 1, 2001

By K. Howard Poulsen

Shear zones are tabular tructures which tend to occur either discordantly within, or concordantly along the margins of, competent rock masse uch as plutons, sill or flows. They contain deformed equivalents of their host rock and are common sites for gold mineralization localized in tructure oriented y tematically relative to the shear zones and internal linear fabric. Apan from genetic implications, hear zone analysis proves useful in exploration for this type of deposit because the zones are generally wider and more continuous than associated mineralization and because there is an element of predictability to mineralization geometry (i.e. vein orientation. plunge).

Jan 1, 1986

By M. Pesowski

"Certain environmental problems can substantially alter the physical properties of the subsurface. In such cases, geophysical methods can be used to map the distribution of subsurface contamination or buried wastes prior to drilling or sampling. For example, inorganic contamination by acids, bases, salts, or metallic ions can be detected by instruments that measure ground conductivity; metallic objects such as buried drums, pipelines, etc. can be located by magnetic survey, and radioactive mine waste can be mapped by radiometric techniques. Geophysical methods can also be used to characterize site geology. If carried out prior to development, they can assist in identifying areas of high- and low permeability and sources of natural contamination. The methods can also be used to establish baseline values and to locate stable areas for development of environmentally sensitive facilities. Application of geophysical methods to environmental problems is illustrated with examples from base-metal mines, uranium operations, and potash and oil-sands operations. Particular attention is given to the problem of acid mine drainage. =IntroductionGeophysical methods have been used for many years by the mining industry in exploration and geotechnical investigations. The basic techniques for mapping variations in physical properties of the subsurface have been adapted to meet the special needs of resource exploration and development in the coal, potash , oil sands, industrial minerals, precious metals, and base-metal industries. Now the mining industry is facing another challenge: to operate the mining cycle, from discovery to closure, with minimum impact on the environment. This involves the rehabilitation of abandoned mining sites, the minimization and effective containment of pollutants at operating and developing sites, and the longterm containment and monitoring of sites after mine closures.Some of the most difficult aspects of environmental control and monitoring relate to the location of buried waste and contaminated fluids in the subsurface. As in the search for buried ore deposits or in geotechnical investigations, geophysics can be a valuable aid in subsur face environmental investigations. Investigations can be remedial , involving the location or monitoring of existing problems, or preventative, where problem areas are identified or background values are established before site development. In either case, geophysical methods should not be considered as a substitute for drilling. Geophysical interpretations in general do not provide the detail required for a complete environmental or geotechnical investigation. They are most useful as rapid reconnaissance methods for targeting subsequent drilling or for interpreting subsurface condit ions away from drill holes. Table I lists the common geophysical methods and the physical properties to which they are sensitive."

Jan 1, 1993

By CIMVAL

This Code for the Valuation of Mineral Properties (the “CIMVAL Code”) is the result of a review more than a decade after the release in 2003 of the “Standards and Guidelines for Valuation of Mineral Properties” (the "2003 Standards"). The purpose of the review is to update the 2003 Standards to reflect domestic valuation, international valuation, and regulatory developments. The CIMVAL Code was adopted by the Canadian Institute of Mining, Metallurgy & Petroleum (the "CIM") Council on November 29, 2019. The CIMVAL Code supersedes the 2003 Standards. The 2003 Standards were dated February 2003 and were adopted by the CIM Council on March 9, 2003 as the first comprehensive set of standards for Valuation of Mineral Properties in the Canadian mining industry. The 2003 Standards followed recommendations of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission, where in its Final Report (January 1999), the CIM was specifically asked to form a committee of valuation practitioners to review and advise on standards for the Valuation of Mineral Properties. The Special Committee on Valuation of Mineral Properties ("CIMVAL") was created on May 5, 1999 with the mandate to recommend standards and guidelines for Valuation of Mineral Properties to be used by the mining industry in general. The CIMVAL Code is limited to the Valuation of Mineral Properties (including any interests therein) and does not cover valuation of corporations or other entities that hold Mineral Properties as assets. The CIMVAL Code does not cover petroleum and related assets. CIMVAL recommends that the CIMVAL Code be followed for all Valuations of Mineral Properties, including those required by securities administrators and stock exchanges. However, when a Valuation is required under the applicable rules of securities administrators or stock exchanges, such rules prevail to the extent of any inconsistency.

Nov 29, 2019