PODCAST: Reasonable Prospects of Eventual Economic Extraction (RPEEE)
Welcome to the second podcast in our Fresh Thinking from the World of Mining podcast series.
This week Ian Glacken, our Director of Geology, talks with Adam Mullett about Reasonable Prospects of Eventual Economic Extraction (RPEEE), and why the principle is critical to reporting resources.
The podcast at a glance:
0:48 What is RPEEE?
1:33 Why do we need to have RPEEE as part of all the reporting codes?
2:28 The codes are there to protect investors – reporting the right information to investors is critical
3:19 What has changed from the versions of JORC 2004 to 2012?
4:28 RPEEE has also been controversial because of its inconsistent application
5:34 Why is the principle not being applied everywhere?
6:38 What is the approach for open pit mines for RPEEE?
7:45 How does RPEEE apply to underground mines?
8:56 Are there any differences between how the RPEEE has been applied in the JORC, SAMREC and CIM codes?
Here is the podcast on Stitcher
About Ian Glacken:
Ian Glacken – Director of Geolog
BSc (Hons) (Geology), MSc(Mining Geology), DIC, MSc(Geostatistics), Grad Dip Computing, FAusIMM(CP), FAIG, MIMMM, CEng
Ian is a geologist with postgraduate qualifications in geostatistics, mining geology and computing who has more than 35 years’ worldwide experience in the mining industry.
Ian’s skills are in resource evaluation and due diligence reviews, public reporting, training and mentoring, quantitative risk assessment, strategic advice, geostatistics, reconciliation, project management, statutory and competent persons’ reporting and mining geology studies.
Ian has a strong mining production background and is a regular auditor for the world’s largest mining companies.
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