Qualified Person

The credentialed engineer or geoscientist who takes personal responsibility for technical disclosure under NI 43-101.

Definition

Under NI 43-101, a qualified person is an engineer or geoscientist with at least five years of relevant experience in mineral exploration, mine development, or operations. QPs are responsible for preparing and approving technical reports and resource estimates.

Why it matters

The QP requirement is the accountability mechanism of the whole standard. Someone with a professional designation and a reputation to lose has to sign off, which is why compliant estimates carry weight that a company's own claims do not.

In practice

Look for who the QP is and whether they are independent of the company. An independent QP on a resource estimate is a meaningfully stronger signal than an internal one.

See also

  • NI 43-101 Canadian National Instrument 43-101 is a regulatory standard for public disclosure of scientific and technical
  • Mineral Resource A concentration of material of economic interest in or on the Earth's crust in such form, grade, and quantity
  • Assay The chemical analysis of rock, soil, or drill core samples to determine the concentration of valuable minerals

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