'Appraisers' do not value mineral prospects, projects or mines. Rather, they carry out non-conflicted expert technical assessments and audits, reviews of scoping and feasibility studies and audits of mineral resources/ore reserves. Their reports are compliant with the relevant industry Best Practice Codes that are required by the law and regulators, here or abroad (eg, ASX/NZX Listing Rules, ASIC/FMA, ATO/IRD, JORC/CRIRSCO Codes, VALMIN Code, NI 43-101/CIMVal Codes/CIM Definition Standards, SAMREC/SAMVAL Codes, SME Guide/SEC 7, IVSC, IASB, IFRS, etc).
'Valuers' use Appraisers’ technical assessments as the basis or minimum technical standard on which to estimate a market value of the mineral asset. They use appropriate, recognised and rational mineral valuation methodologies in order to produce reliable and reasonable valuations which will be readily accepted in the marketplace in all jurisdictions. Their reports are also compliant with the relevant industry Best Practice Codes that are required by the law or a regulator, here or abroad.
AIMVA's members actively engage in Continuing Professional Development, so that they are always abreast of current appraisal and valuation issues and developments.