National Instrument 43-101 (NI 43-101) and the JORC Code (2012) are a set of rules or guidelines that must be met when reporting exploration results, mineral resources and mineral reserves for companies listed on the Canadian stock exchanges most often the Toronto Stock Exchange (TSX) and the Australian Securities Exchange (ASX).

The purpose of these reporting standards is to stop erroneous, misleading and fraudulent reporting of exploration results, mineral resources and reserves. The South African code for companies listed on the Johannesburg Stock Exchange (JSE) is the SAMREC Code.

These guidelines ensure confidence in listed companies reporting.

A requirement of the reporting guidelines is to indicate the processes taken to establish data confidence. One of these processes is the quality control (QC) carried out as part of the sampling programme followed by the assessment of these controls by undertaking quality assurance (QA).

A QA report can include a review of the clients database, auditing the database for capturing errors and database integrity. The sampling chain of custody, followed with a review of the quality control methods and analytical methods employed in the analytical processes.

Taking steps to comply with reporting guidelines future proofs your company for possible future listings or sale of the company.

WAZO has the skills to help you design your QC programme including the selection of certified reference materials.

QA is the next step once you have received your analytical results and WAZO is qualified to produce a statistical analysis of your data and provide you with a comprehensive QA report.

These processes are necessary for reporting with confidence and meeting stock exchange listing requirements.