We verify the substance of the resource, not the expectation around it.
What the report claims confronted with the method that produced it — sampling, certification, technical lead.
Mining rights, environmental licenses and the conditions attached to each title.
The declared economic viability against verifiable cost, logistics and market assumptions.
What the asset carries with it: embargoes, legal proceedings, commitments — named before pricing.
Measured, indicated or inferred: the category declared against the method that supports it.
What the license requires and what is demonstrably met.
The product's path to the buyer, costed, not presumed.
Surface rights, easements and agreements that the title does not replace.
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Public references, cited as a verification criterion — not as a certification.
Código de Mineração (Mining Code).
Agência Nacional de Mineração (ANM).
Política Nacional do Meio Ambiente (National Environmental Policy); licensing.
Declaration of resources and reserves; JORC, NI 43-101.
Illustrative example · does not refer to any real development
Claimed"Measured reserve."
Evidence examinedreport confronted with the sampling method, the technical lead's certification and the current mining title.
StateAssumed while the method is not reproducible; Verified the title and the conditions.
Caveata reserve is an estimate with a declared method — the opinion classifies the method, it does not guess the subsurface.
You do not need to have everything. Knowing what is missing is also part of the scope.
No. It verifies whether the declared category is supported by the method and by the technical lead who produced it, according to the code cited. Certification belongs to whoever signs the report.
It applies to any object with a bounded question.
It enters the scope when the title carries the obligation. It usually does.
We delimit the object, the applicable criteria and the independence boundary.
Collection and examination of primary data, documents and direct observation.
Confrontation between what is claimed and what is proven, with reality-checks and cross-referencing of sources.
A substantiated report, with explicit caveats — reproducible by a third party.
"Every claim comes out classified: verified or assumed."
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