The CSA continually monitors the mineral disclosure requirements in NI 43-101, and has gathered data showing deficiencies in technical report disclosure identified through continuous disclosure reviews, prospectus reviews, and targeted issue-oriented reviews. These deficiencies include:

• improper self-assessment by report authors of their independence, competence, expertise or relevant experience;
• poor quality of scientific and technical disclosure for early stage exploration properties related to new stock exchange listings;
• inadequate mineral resource estimation disclosure, including disclosure related to reasonable prospects for eventual economic extraction;
• misuse of preliminary economic assessments; and inadequate disclosure of all business risks.

The consultation paper is seeking general comments and asking specific questions touching on a wide range of issues, including:

• the application of innovative technologies to the requirement that a technical report author conduct a current personal inspection of a mineral project,
• verification of data from previous property owners,
• the broad, undefined range of precision of a preliminary economic assessment,
• the independence of and qualifications for technical report authors,
• disclosure requirements related to environmental matters, and
• disclosure of the risks and uncertainties that arise as a result of the rights of Indigenous Peoples.

Review the following additional information:

• Press release
• CSA Consultation Paper 43-401 Consultation on National Instrument 43-101 Standards of Disclosure for Mineral Projects
• National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101)