CRIRSCOs

CRIRSCO stands for the Committee for Mineral Reserves International Reporting Standards. It is a non-profit association of organizations that have developed and are responsible for Mineral Reserves and Resources Codes around the world. The primary objective of CRIRSCO is to promote best practices in the reporting of mineral exploration results, mineral resources, and mineral reserves.

CRIRSCO's work is crucial for the global mining industry as it facilitates consistent and transparent reporting standards. These standards are essential for investors, financial institutions, and regulatory bodies to make informed decisions about mining projects. The codes developed under CRIRSCO’s guidance ensure that public disclosures about a company's mineral assets are reliable, comparable, and adhere to internationally recognized principles.

The CRIRSCO International Reporting Template, developed by the committee, provides a framework that can be adopted and adapted by national or regional committees. This template specifies the minimum requirements for reporting, including the qualifications of the Competent Person (the individual responsible for the reported estimates), the methodology for estimation, and the disclosure of relevant technical information.

CRIRSCO is composed of representatives from various international mining and minerals industry bodies. By fostering collaboration and sharing expertise, CRIRSCO aims to maintain and enhance the credibility of mineral reserve and resource reporting on a global scale. This, in turn, contributes to investor confidence and the efficient allocation of capital within the mining sector. The principles espoused by CRIRSCO are widely adopted and respected by stock exchanges and regulatory authorities worldwide.