VALMIN Code Reporting
Course commences 1 July 2024
Reporting on mineral asset technical assessment, values or potential?
Learn about the fundamentals and principles of appropriate Public Reporting of technical assessment and/or valuations of mining assets in compliance with relevant laws with an in-depth understanding of the VALMIN Code, its interpretation and appropriate application.
Quick facts
 Duration |
 Delivery |
 Course Type |
 Next Intake |
 PD Hours |
 Language |
20 hours over
|
100% online |
Short course |
1 July 2024 |
Up to 20* |
English |
* PD hours recognised by AusIMM & Australian Institute of Geoscientists
Course overview
The VALMIN Code sets out requirements for the technical assessment and valuation of mineral assets and securities for independent expert reports and provides guidance for petroleum assets and securities. This course will provide the fundamentals and principles of appropriate Public Reporting of technical assessment and/or valuations of mining assets in compliance with relevant laws.
The course will suit professionals working on the evaluation of mining and exploration assets and who are responsible for Public Reports that will include information about the evaluation of assets or valuation of securities.
Course pricing
Are you an AIG member? You’re also eligible for the member rate.
Enrolments now open
Course commences 1 July 2024
Earn digital credentials
Showcase your studies, validate your knowledge
Verify your new skills and knowledge with a digital badge that you can add to your LinkedIn profile, email signature, intranet, or any other online account.
Your badge links to a detailed outline of the course, showcasing and validating your new skills in a format that employers and colleagues can easily access and trust. You can also choose to download a personalised certificate.
Who should attend?
Technical professionals
Those preparing technical assessments and economic studies.
Advisory and accounting groups
With valuation practices.
Company directors
Head office senior management and technical personnel with a responsibility.
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
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
Module 1
Why the VALMIN Code?
- 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
Interpretation and Application
- 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
- List other Codes that are considered to have parity with the VALMIN Code, and explain why they are considered to be equivalent
- List the most common valuation approaches and which stages of project maturity these approaches are best suited to
- Explain the difference between a Technical Value and a Market Value
Module 3
Valuation Methodologies and Their Application
- 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
Protections, Misconceptions and Practical Experience
- Explain site inspection requirements
- Discuss Practitioner’s record keeping obligations
- Explain why indemnities and declarations are important
- Compare an indemnity, a guarantee and a warranty
- Discuss common misconceptions regarding the VALMIN Code
- Give examples by way of practical guidance, anecdotes, experiences and case studies
Download the course brochure
VALMIN Code Reporting
Facilitators
Deborah Lord
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.
Graham Jeffress
Paul Dunbar
Download your letter of support
Present this letter to your manager to request participation in the course
Enrolments now open
Course commences 1 July 2024
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.