This Second Edition VALMIN 94 publication was an initiative of the Sydney Branch of the AusIMM and MICA organised in conjunction with Head Office. The conference dealt comprehensively with all aspects of mineral valuation methodologies drawing speakers who were acknowledged as leaders in their field and delegates from across the full spectrum of those involved in mineral valuation including valuation practitioners corporate advisors mining companies researchers and regulators. The VALMIN conference volume is the first comprehensive treatment of mineral valuation methodologies for more than 30 years. It has set a benchmark on methodologies for mineral valuers worldwide. Included in the conference volume are a comprehensive bibliography of mineral valuation references the third draft of the Mineral Valuation Code and Guide-lines NCSC Release 149 ASC (and NCSC) practice notes and policy statements relating to mineral valuation relevant sections of the Australian Corporations Law the 1992 JORC (Ore Reserves) Code and relevant Stock Exchange Listing Rules.