The Assessment and Reporting of Risk and Uncertainty

The importance of identifying risk and uncertainty in a Mineral Project, how they are defined, assessed and ranked, and how these should be addressed in public reporting of Mineral Resources and Mineral Reserves.

Learning objectives:

• How Uncertainty leads to Risk, and the impact this has on expected outcomes;
• To clarify the different types of Risk and their tolerances;
• To understand the relationship between consequence and likelihood of unwanted events;
• How to quantify Risk in practice, the Risk Management process in terms of assessment, identification and mitigation, including some examples;
• How to evaluate, analyse and report Risk, including using Table 1 as a framework;
• How to evaluate Historical Data, the Risk it represents, and the use of Review and Audit procedures for validation and concurrency;
• To propose some practical Recommendations and obligations when considering using Historical Data.

This is the last out of 8 modules organised from 5 February to 26 March 2026.

More information on the other modules: https://percstandard.org/event/online-an-introduction-to-the-crirsco-family-of-reporting-codes-all-modules/