The Introduction to SAMCODES workshop, at GeoCongress 2025, will introduce participants to the reason behind international mineral reporting codes and their application within the South African context. The session (08:00-13:00 on 24 June 2025) will cover the history and importance of the Codes and will provide an introduction to the public reporting of Exploration Results, Mineral Resources and Mineral Reserves. It will also introduce participants to the reporting of mineral asset valuations. It will discuss the role of the Competent Person (CP) and the role of the GSSA as a recognised professional organisation (RPO).
The in-person workshop on Introduction to the SAMREC and SAMVAL Code came to life at the Visitor’s Centre Auditorium, Impala Platinum in Rustenburg, on Thursday, 27 March 2025. Led by Prof Steven Rupprecht, the session drew a full house with 90 enthusiastic delegates eager to deepen their understanding of the Codes.
As we celebrate the 25th Anniversary of the SAMREC Code, we have introduced a refreshed logo that symbolises our ongoing commitment to mineral reporting and the evolving role of minerals in a sustainable future.
This new design not only commemorates 25 years of the SAMREC Code’s impact but also highlights its role, as well as the role of the SAMVAL and SAMOG Codes, in shaping the future of the mining and minerals industry.
The hybrid launch of the Industrial Minerals Guideline was held on 6 March 2025 at the Minerals Council South Africa offices in Rosebank, Johannesburg. The event was attended by 11 participants in person and 34 online. It featured active engagement and robust discussion among attendees.
The NI43-101 has officially entered a 120-day discussion/ feedback period until October 10.
See the links below:
The approved CRIRSCO ESG Guide is now available. Please click here for the guideline.
In September 2025, the SAMCODES Standards Committee (SSC), in conjunction with the Geological Society of South Africa (GSSA) and the Southern African Institute of Mining and Metallurgy (SAIMM) will be celebrating the 25th anniversary of the SAMREC Code (which was launched in March 2000). This will form part of the “Introduction to SAMREC/SAMVAL and the JSE Listing Requirements” workshop to be held as a hybrid event on 2-3 September 2025 (at the Johannesburg Country Club, Auckland Park)
We would ask all who have authored CPRS and other (public and/or private) technical reports in compliance with the SAMREC Code since March 2000 (or since they started business) to please provide us with the number of such documents; we don’t need anything more than the total number of SAMREC compliant documents authored. The purpose of this enquiry is to show widespread acceptance and usage of SAMREC. While the JSE Readers Panel has reviewed 282 SAMREC compliant Public CPRs over 25 years, we believe that the total number of such documents is significantly larger.
We would be grateful if you could send us this information at your earliest convenience, but before June 2025. Please send it to: Rob Ingram (jsereader@gmail.com) and cc to Tania Marshall (marshall.tania@gmail.com).
Organising Committee of the 25th Anniversary of the SAMREC Code
SAMCODES have an App that allows one to access and search the SAMREC, SAMVAL and SAMOG codes, the JSE Section 12 Listing Rules as well as SAMESG and the Diamond/Precious Stones Reporting Guidelines. It is now possible to have the SAMREC, SAMVAL and SAMOG Codes in your pocket so that it can be available at any time and you don’t have to search through a PDF to find the detail you need. Download it from your preferred App Store Now.
PLEASE HAVE A GO AT THE NEW SAMREC COMPETENCE QUIZ ON THE APP
Read More
Attracting finance for exploration and mining ventures is a critical part of the resource business environment today, and there are a number of finance options available, including accessing private equity. With the increase in the number of non-listed (private) companies and individuals seeking to obtain financial assistance, it is important to appreciate that issues of public reporting are not confined to listed companies only. Under all circumstances, if Exploration Results, Mineral Resources and/or Mineral Reserves are reported publically (as defined in the SAMREC Code of 2016), and if said report is claimed to have been compiled in accordance with any of the SAMREC, SAMVAL or SAMOG Codes, then the report and the author are subject to the minimum standards and requirements of the relevant Code as well as the complaints procedure of the SAMCODES Standards Committee (SSC).
SAMREC Code Clause 3:
Definition
Public Reports are reports prepared for the purpose of informing investors or potential investors and their advisers on Exploration Results, Mineral Resources or Mineral Reserves. They include, but are not limited to, annual and quarterly company reports, press releases, information memoranda, technical papers, website postings and public presentations.
These Public Reports may be in printed or electronic media (including social media) and will include JSE circulars, reports as required by the Companies Act and reports for other regulatory authorities or as required by law.
Public Reporting refers to any documentation which may find its way into the public domain. It refers not only to reporting or documentation by companies listed on a Securities Exchange, but also includes documents compiled by/for private companies or individuals.
While every effort has been made within the Code to cover most situations likely to be encountered in Public Reporting, there may be occasions when doubt exists as to the appropriate form of disclosure. On such occasions, users of the Code and those compiling reports to comply with the Code should be guided by its intent, which is to provide a minimum standard for Public Reporting and the guidelines of materiality, transparency and competence, and to ensure that such reporting contains all information which stakeholders, interested parties, investors and their professional advisers would reasonably require, and reasonably expect to find in the report, for the purpose of making of a reasoned and balanced judgment regarding the Exploration Results, Mineral Resources or Mineral Reserves being reported.