Softmine LLC experts held an online workshop on “International Reporting Standards and Mineral Resources and Reserves Classifications” for AKW Ukrainian Kaolin Company LLC team. The program was customized according to the company’s requirements and the team’s wishes.

The workshop discussed the main principles of the CRIRSCO Template and specific reporting codes (JORC Code, NI 43-101, etc.), public reports, stock exchange listings, international mineral resource and reserve categories, their correlation with each other and with Ukrainian categories, and Competent / Qualified Persons institute operations. Special attention was paid to the feasibility study stages (Scoping Study, Prefeasibility Study and Feasibility Study) and the relevant modifying factors, and the requirements for resource estimation criteria and technical and economic parameters.

In general, international standards are an actual issue for the Ukrainian geological and mining industry. This is especially vital for projects that have foreign investment or are only interested in. Due to the international best practices and approaches implementation by the leading ukrainian companies, integration into the European and global mining industry is underway.