PMRC

Question 1

The following stands for?

PMDIF

Answer 1

Philippine Minerals Development Institute Foundation

Question 2

The following stands for?

COMP

Answer 2

Chamber of Mines of the Philippines

Question 3

The following stands for?

PSE

Answer 3

Philippine Stock Exchange, Inc.

Question 4

The following stands for?

DENR

Answer 4

Department of Envireoment and Natural Resources

Question 5

The following stands for?

MGB

Answer 5

Mines and Geosciences Bureau

Question 6

The following stands for?

PMRC

Answer 6

Philippine Mineral Reporting Code

Question 7

The following stands for?

PRC

Answer 7

Professional Regulation Commission’s

Question 8

The following stands for?

PABC

Answer 8

Philippines-Australia Business Council

Question 9

The following stands for?

BOI

Answer 9

Board of Investments

Question 10

The following stands for?

DTI

Answer 10

Department of Trade and Industry

Question 11

The following stands for?

PSEM

Answer 11

Philippine society of Mining Engineers

Question 12

The following stands for?

SMEP

Answer 12

Society of Metalurgical Engineers of the Philippines

Question 13

The following stands for?

GSP

Answer 13

Geological Society of the Philippines

Question 14

JORC

Answer 14

Joint Ore

Question 15

Provides the guidelines on the Reporting for all deposit types except petroleum and gas

Answer 15

Philippine Mineral Reporting Code

Question 16

what are the 3 main principles of PMRC

Answer 16

Transparency
Competence
Materiality

Question 17

Report contains all relevant information for the readers to make reasoned and balance judgement of the Public Report

Answer 17

Materiality

Question 18

sufficient information, clear and unambiguous presentation of data, not misleading to the readers of the “public Report”

Answer 18

Transparency

Question 19

Public Report is based on work of competent persons

Answer 19

Competence

Question 20

The resposibility of a public company thru its Board of Directors and based on info and supporting documentations prepared by competent Person(s)

Answer 20

Public Report

Question 21

a member of PSEM, GSP or PSME, duly accredited by the professional organization to w/c he/she belongs or a ROPO included in the list promulgated as the need arises

Answer 21

Competent person

Question 22

A competent must a ____ years of experience on a certain deposit

Answer 22

5

Question 23

ROPO

Answer 23

Recognized Overseas Professional Organization

Question 24

data, information and reports generated by exploration programmes that maybe of use to investors and/or their financial advisers

Answer 24

Exploration report

Question 25

A concentration of materials of intrinsic economic interest in or on earth's crust in such form, quality and quantity that there are reasonable prospect for eventual economic extraction

Answer 25

Mineral Resource

Question 26

3 categories in order of increasing geological confidence

Answer 26

Inferred, Indicated, Measured

Question 27

What are the 3 public reports

Answer 27

Exploration Results Mineral Resource Ore reserves

Question 28

8 modifying factors

Answer 28

Mining Metallurgical Economic Governmental Environmental Social Legal Marketing

Question 29

tonnage, grade and mineral content can be estimated with a low level of confidence

Answer 29

Inferred Mineral Resource

Question 30

based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and realibility

Answer 30

Inferred Mineral Resource

Question 31

inferred from geological evidence, sampling and assumed but not verifies geological and/or grade continuity

Answer 31

Inferred Mineral Resource

Question 32

tonnage, density, shape, physical characterisitics, grade and mineral content can be estimated with HIgh level of confidence

Answer 32

Measured Mineral Resource

Question 33

based on detailed and reliable exploration, sampling and testing information gathered through appropriate technique from locations such as outcrops trenches pits workings and drill holes.

Answer 33

Measured Mineral Resource

Question 34

location are spaced closely enough to confirm geological and grade continuity

Answer 34

Measured Mineral Resource

Question 35

tonnage, densities, shape physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.

Answer 35

Indicated mineral Resource

Question 36

based on exploration, sampling and testing information gathered through appropriate techniques such as outcrops, trenches, pits workings and drill holes.

Answer 36

Indicated mineral Resource

Question 37

Locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed

Answer 37

Indicated mineral Resource