We map public mining and resource development announcements and reports, from drilling assay results through resource estimation and feasibility studies, to environmental approvals for mine development.
RSC-MI – How it Works
RSC-MI is an online interactive map and database repository that displays and stores public reports for mineral exploration and mining projects globally. Its second major function is as a forum for peer-review of reports by professionals.
Each mineral exploration project is represented by a pin on the map. When any pin is clicked a window shows all public reports available for that project. Along with a download link to each report, the window shows summary information such as the resource statement, best drill intersections, name of the QP/CP, etc. All data displayed on RSC-MI is available in the public domain.
Several filters are available to display user-defined subsets of the overall data. Projects can be filtered by commodity type, date, reporting code, report type and resource status. A search bar is available to search for specific projects, code, competent persons and other relevant fields.
RSC-MI was originally designed as a free intelligence tool for the mineral industry.
By monitoring public reports and displaying those spatially, it can be easily visualised, for example, which commodities are being reported on most, which geographic locations are most active, how many maiden resources are reported, and which reporting codes are used. It then becomes easy to generate trend plots, for instance showing trends in reporting activity. As a free source of information, RSC-MI, therefore, is a valuable resource for activities such as target acquisition, market research, resource comparison, and for investors, regulators and codes (AusIMM, AIG, ASX, JORC, NI43-101, etc).
RSC-MI only includes reports that are positioned on the central part of the mining value chain (Figure 1). Projects where substantial exploration work is being completed are of main interest and therefore public reports on the results of early exploration activities such as mapping or soil sampling programmes are not included. Similarly, results for established mines (such as reserve updates based on different cut-off grades) are not included as they have little bearing on the “activity monitor”.
We also monitor Environmental Impact Assessment reports (EIAs, Code -unrelated) and reports supporting acquisitions (mostly NI 43-101).
The system is updated daily, however, since this is a free service, sometimes there may be a lag of up to a few days.
Each project pin on the map includes the download link to the public report. At the moment this is a link through a cloud-based storage system but eventually this will migrate to RSC’s internal servers. Where possible, we try to include the technical Documentation that goes with the Public Report. For NI43-101 reports, this will be added when it is made available through SEDAR up to 40 days after the Public Report. In the case of JORC, this documentation may not always be available for download.
Most of the public reporting is based on the NI 43-101 and JORC Codes. These are displayed on the map using either an “N” or “J” within the pin. Other Codes are displayed using an “O”. There may be reports where the Code affiliation may not be provided. This may be a breach of listing rules or otherwise may simply be because the reporting company is private. We treat “public” announcements by private companies as Public Reports.