SAMREC definition

SAMREC means the principles contained in the South African Code for Reporting of Mineral Resources and Mineral Reserves of 2016. The Company uses estimates and reports ore reserves and mineral resources in line with SAMREC;
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SAMREC means the principles contained in the South African Code for Reporting of Mineral Resources and Mineral Reserves of 2007, revised in 2009, also known as the “SAMREC Code”;
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SAMREC means the South African code for the reporting of exploration results, mineral resources and mineral reserves
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Examples of SAMREC in a sentence

  • The Mine Plan was prepared and updated in all respects in compliance with the SAMREC Code.

  • Each MineCo is in compliance, in all material respects, with the requirements prescribed by the SAMREC Code (as in effect on the date of publication of the relevant report or information).

  • The Refinance Committee must procure, at its discretion and within the timeline stated in Clause 6.4.1 of the RPM Funding Common Terms Agreement, that Holdco prepares a SAMREC compliant reserve and resource statement as well as the life of mine plan(s) for Holdco’s operating assets at the relevant time.

  • To the extent there is any conflict between the requirements of the JORC Code and the SAMREC Code such that it is not possible to prepare a single calculation or report that meets the requirements of both such codes, the Manager will prepare separate calculations and reports but must provide copies of all such separate calculations and reports to all Participants.

  • SAMREC Compliant Exploration Target Schedule In addition to the reactivation of existing surface Resources and Exploration Targets, the Company has conducted a regional survey focussing on known surface gold sources.

  • The introduction of mechanical ripping and other rock breaking technology has opened up SAMREC Compliant Exploration Target material of between 91 000 and 350 000t of reef running up to 2.5g/t as set out in the table below.

  • The IRP considers the 2005 South Deep Mineral Resource and Reserve Statements to be compliant with the South African Code for the Reporting of Mineral Resources and Mineral Reserves (the SAMREC Code, 2000), the National Instrument 43–101 and the CIM “ Estimation of Mineral Resources and Mineral Reserves – Best Practice Guidelines” (2003).” Commencing with the 2006 fiscal year, BGSA has changed its accounting policy to fully consolidate the financial results of the Joint Venture.

  • SAMREC Code The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (2016 Edition) as amended or replaced from time to time.

  • Ore Reserves and Mineral Reserves, as those terms are defined in the JORC Code and the SAMREC Code, located on the Titles.

  • Mineral Resources and Mineral Reserves are reported in accordance with the requirements of the relevant reporting codes (SAMREC and JORC covering the JV) .


More Definitions of SAMREC

SAMREC means The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves as from time to time in effect. If ▇▇▇▇▇▇ is no longer in effect or no longer defines a term defined herein by reference to ▇▇▇▇▇▇, the Minister will by regulation after providing the holders of licenses issued under the Mining Law with opportunity to comment provide qualitatively similar sources for or definitions of terms defined in this Agreement by reference to ▇▇▇▇▇▇.
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