VALMIN Code Reporting
Intake commences 30 June 2025
20 PD hours
100% online
AusIMM courses rated 4.9/5 (4.5k+ reviews)
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 |
Associate Certificate |
11 November |
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 Associate Certificate 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. Please contact us directly with your AIG member number to obtain your discount.
Past participants and facilitators explain what you can expect from the Associate Certificate in VALMIN Code Reporting
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
AusIMM courses rated 4.9/5 (4.5k+ reviews)
Free template
Business case to attend
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.
Course Schedule
| Course dates |
Virtual classrooms |
|
Course commences: 30 June 2025 Course closes: 3 August 2025 |
Module 1: Tuesday 1 July, 11.30–13.15 AEST Module 2: Tuesday 8 July, 11.30–13.15 AEST Module 3: Tuesday 15 July, 11.30–13.15 AEST Module 4: Tuesday 22 July, 11.30–13.15 AEST |
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Note: The virtual classrooms listed above are the only scheduled activities for this course but they are not the only activities. All other course work (eg videos, readings, activities, etc) can be completed at your own pace on the learning platform within the course duration. All activities must be completed before the course close date. The virtual classrooms will be recorded and made available within 24 hours for those participants unable to attend the scheduled sessions. |
|
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
Preparing 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
- 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
- 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
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Download the course brochure
VALMIN Code Reporting
Facilitators
Download your letter of support
Present this letter to your manager to request participation in the course
Enrolments now open
Intake commences 30 June 2025
AusIMM courses rated 4.9/5 (4.5k+ reviews)
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. Please note that some course videos and the virtual classroom recordings are hosted on Vimeo. Participants in regions where Vimeo is blocked may need to use a VPN to access these materials.
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.