In this module you will learn about why the VALMIN Code is important:

1. Describe why using the VALMIN Code is important
2. Define when and how the Code is used
3. Demonstrate how the VALMIN Code interacts with the JORC Code
4. Demonstrate VALMIN Code interaction with other regulations
5. Describe the roles of VALMIN Practitioners
6. Describe who has responsibility for correct Code application
7. Outline how the use of the VALMIN Code is governed
8. Define the VALMIN Code principles, in particular independence and reasonableness
9. Explain the priority of guidance and where VALMIN Code fits

In this module you will learn how to prepare Technical Assessment Reports:

1. Explain the primary purpose of a VALMIN Public Report
2. Describe the commissioning of a VALMIN Public Report
3. Describe what a VALMIN public report is, and how it can be used
4. Identify a VALMIN non-public report
5. Describe how a technical assessment report (evaluation) is different from a valuation report
6. Recognise the key elements of a VALMIN Technical Report
7. Explain site inspection requirements
8. Explain why indemnities and declarations are important
9. Describe the key roles in the VALMIN report process

In this module you will learn how to undertake valuations: 

1. Explain the basis of value in the VALMIN Code
2. Recall the responsibility of the Practitioner with respect to Valuation Approaches and Methods
3. Identify the most commonly applied Valuation Methods and their relationship to the Valuation Approaches
4. Identify areas of concern and typical pitfalls in the application of Valuation Methods
5. Describe inputs into Valuation Methods, including CAPM, JV and Kilburn Geoscientific inputs
6. Recognise the assets that can be valued using the VALMIN Code
7. Describe the importance of a valuation range
8. Explain market discounts and premia

In this module you will learn how to finalise the report:

1. Explain the key steps in finalising a public VALMIN report (sharing draft, feedback, updates, regulator review, finalisation) and the key elements of each
2. Describe the different steps required for a report with a technical  assessment only, compared with one with a technical assessment and valuation
3. Describe requirements for finalising the assignment, including the Practitioner’s record keeping obligations
4. Discuss common misconceptions regarding the VALMIN Code
5. Give examples by way of practical guidance, anecdotes, experiences and case studies

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.

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.

We aim to run two intakes each year.

At the moment, the course will only be delivered in English.

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.

Participants can earn professional development (PD) hours for undertaking the course. One contact hour of technical content is equivalent to one PD hour.