VALMIN Code Reporting
Intake commences 30 June 2025
- 20 PD hours
- 100% online
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Course Overview
- The VALMIN Code sets out requirements for the technical assessment and valuation of mineral assets and securities for independent expert reports.
- Learn the fundamentals & principles of appropriate Public Reporting of technical assessment and/or valuations of mining assets.
- The VALMIN Code provides guidance for petroleum assets and securities.
Who is this for?
- Technical professionals: Those preparing technical assessments and economic studies.
- Company directors: Head office senior management and technical personnel with a responsibility for VALMIN reports.
- Advisory and accounting groups: With valuation practices.
Course Modules
Module 1
Why the VALMIN Code?
In this module you will learn about why the VALMIN Code is important:
- Describe why using the VALMIN Code is important
- Define when and how the Code is used
- Demonstrate how the VALMIN Code interacts with the JORC Code
- Demonstrate VALMIN Code interaction with other regulations
- Describe the roles of VALMIN Practitioners
- Describe who has responsibility for correct Code application
- Outline how the use of the VALMIN Code is governed
- Define the VALMIN Code principles, in particular independence and reasonableness
- Explain the priority of guidance and where VALMIN Code fits
Module 2
Preparing Technical Assessment Reports
In this module you will learn how to prepare Technical Assessment Reports:
- Explain the primary purpose of a VALMIN Public Report
- Describe the commissioning of a VALMIN Public Report
- Describe what a VALMIN public report is, and how it can be used
- Identify a VALMIN non-public report
- Describe how a technical assessment report (evaluation) is different from a valuation report
- Recognise the key elements of a VALMIN Technical Report
- Explain site inspection requirements
- Explain why indemnities and declarations are important
- Describe the key roles in the VALMIN report process
Module 3
Undertaking Valuations
In this module you will learn how to undertake valuations:
- Explain the basis of value in the VALMIN Code
- Recall the responsibility of the Practitioner with respect to Valuation Approaches and Methods
- Identify the most commonly applied Valuation Methods and their relationship to the Valuation Approaches
- Identify areas of concern and typical pitfalls in the application of Valuation Methods
- Describe inputs into Valuation Methods, including CAPM, JV and Kilburn Geoscientific inputs
- Recognise the assets that can be valued using the VALMIN Code
- Describe the importance of a valuation range
- Explain market discounts and premia
Module 4
Finalising the Report
In this module you will learn how to finalise the report:
- Explain the key steps in finalising a public VALMIN report (sharing draft, feedback, updates, regulator review, finalisation) and the key elements of each
- Describe the different steps required for a report with a technical assessment only, compared with one with a technical assessment and valuation
- Describe requirements for finalising the assignment, including the Practitioner’s record keeping obligations
- Discuss common misconceptions regarding the VALMIN Code
- Give examples by way of practical guidance, anecdotes, experiences and case studies
Course Pricing
- Exclusive discounts
- Access to digital library
- Networking opportunities
- Professional development
- Industry insights
- Exclusive discounts
- Access to digital library
- Networking opportunities
- Professional development
- Industry insights
- Exclusive discounts
- Access to digital library
- Networking opportunities
- Professional development
- Industry insights
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Download the course brochure
VALMIN Code Reporting
Learning Objectives
- Describe a holistic view of the Code and the role it plays in the minerals industry and reporting environment
- Interpret the Code within the context of your working environment
- Explain the principles of how to approach mineral asset valuation
- Recognise how to manage risks when using the Code
What is the VALMIN code and why is it important?
Course Structure
The five-week course is a collaborative, hands-on online learning experience, taking learners approximately 20 hours to complete. Please note the live sessions are not mandatory, the virtual classrooms will be recorded and available on the same day for participants who are unable to attend the live event. Course content includes:
- Four 105-minute virtual classroom sessions
- Pre-recorded videos featuring interviews with experts
- Resources such as case studies, articles, associated content
- Group discussion forums
- Test questions
Course Facilitators
Deborah Lord
Graham Jeffress
Paul Dunbar
Leigh Slomp
Mr Slomp spent much of his early career in various roles across the WA mining industry, including with BHP Iron Ore in the Pilbara, at the Greenbushes Tin-Tantalum mine and the Cawse Nickel Laterite Project in Kalgoorlie. Mr Slomp is a Fellow of both the AusIMM and the Geological Society of London.
Sue Border
Sue has used the Valmin Code since its inception, and has prepared many public independent technical reports and valuations using the Code, both as specialist and as representative specialist. She has conducted courses in China on the use of the Valmin and JORC Codes. Sue is currently a member of the AusIMM ethic committee.
Enrolments now open
Intake commences 30 June 2025
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Business case to attend
Enrolments now open
Intake commences 30 June 2025
Mark Berry, Geology and Mining Consultant
Mark explains who the Associate Certificate in VALMIN Code Reporting is suited to, who teaches the course, the importance of understanding the VALMIN Code, and the role the course plays in the resources sector.
Deb Lord, Chair of the VALMIN Committee; Principal, Valuation and Resource Management
Deborah Lord, a geologist with 30 years’ global experience in the resources sector and Chair of the VALMIN Committee, describes who the Associate Certificate in VALMIN Code Reporting will benefit.
Enrolments now open
Intake commences 30 June 2025
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Frequently asked questions
What are the technical requirements to participate in the course? i.e. do I need a webcam, microphone, etc?
The course will be run entirely online via a cloud-based Learning Management System (LMS) which can be accessed via computer, tablet or phone. Participants will simply need to have a working Internet connection and a computer, tablet or phone with sound to access the course.
How long will the course take?
The full course is estimated to take about 20 hours of learning. Participants will have access to the course platform for five weeks to complete all modules.
How often will the courses be run?
We aim to run two intakes each year.
Will the course be delivered in other languages?
At the moment, the course will only be delivered in English.
Does someone have to have a prequalification of years’ experience before they can do the course?
No, the course is designed for those working on the evaluation of mining and exploration assets, undertaking technical assessments that are components of economic evaluations (Scoping Studies, Pre-Feasibility Studies and Feasibility Studies) , or responsible for Public Reports that will include information about the evaluation of assets or valuation of securities should know the VALMIN Code. The VALMIN Code provides guidance on what should be included in such studies and how to prepare a Public Report that will comply with relevant laws.
How many PD hours do I receive for undertaking the course?
Participants can earn professional development (PD) hours for undertaking the course. One contact hour of technical content is equivalent to one PD hour.