Asia Pacific Stock Exchange (“APX”) recommends to accept PERC reporting standard.
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The Australia based Asia Pacific Stock Exchange (“APX”) has recently published a consultation paper in relation to APX Listing Rule Amendments and Guidance Notes. In terms of Reporting Standards, APX proposes to use the JORC Code concerning minerals, and the SPE-PRMS with regards to oil and gas. With regards to international reporting standards (for the purpose of qualifying international estimates), APX proposes to accept the following standards:
·NI 43-101 and the CIM Standards.
·The SAMREC Code.
·The PERC Code.
EFG is one of the founding members of PERC and its European Geologist title holders are considered as Competent Persons according to the reporting code.
The APX consultation period will end on 23 May 2014.
More information: http://www.apx.com.au/APX/Public/EN/Markets_and_Supervision/Consultations_and_Amendments.aspx
