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Canadian Securities Administrators Issue Guidance on Use of Preliminary Economic Assessments

August-28-2012

Area Corporate Finance and Securities, Mining and Natural Resources

Summary

Earlier this month the Canadian Securities Administrators (“CSA”) released Staff Notice 43-307 Mining Technical Reports – Preliminary Economic Assessments in order to clarify staff’s position on several issues regarding the use and disclosure of a “preliminary economic assessment” (“PEA”), as defined in the revised National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) that came into effect in June 30, 2011.

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