PMRC 101 AND 131 WEBINARS

September 5, 2020

With the pandemic, the Philippine Mineral Reporting Code Committee (PMRCC) conducted Zoom Webinars during the third quarter of the year for the continuing professional development of Competent Persons, technical people and other stakeholders of the Philippine Mining Industry. Registration, remittances, knowledge checks, webinar evaluation/feedbacks and provision of certificates of attendance/completion were all likewise undertaken online made possible by our partner, XPERTO Academy.

The corporate sponsors of the PMRCC webinars were as follows: Platinum - Nickel Asia Corporation (NAC); Gold – Apex Mining Company Incorporated (AMCI), Carmen Copper Corporation (CCC), CTP Construction and Mining Corporation (CTPCMC), Global Ferronickel Holdings Incorporated (GFNI), Masbate Gold Project (MGP); Silver – Philsaga Mining Corporation (PSMC) and Bronze – TVI Resource Development (Phils.) Inc. (TVIRD), Philex Mining Corporation (PMC).

The webinar on PMRC 101 - Introduction to the Philippine Mineral Reporting Code was held last July 18 from 1:00 -5:15 PM. Ninety (90) people participated in the webinar including representatives from the Philippine Stock Exchange (PSE) and the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR). The following presentations were made:

• Framework of the PMRC, CRIRSCO and International Reporting Codes by Mr. Ciceron Angeles Jr.

• Exploration Results and Mineral Resources by Dr. Rogel Santos

• Ore Reserves Estimation Report and Economic Assessment by Engr. Marcelo Bolaño

• Metallurgical Report by Engr. Enrico Nera

PMRC 131 – Elements of Mining Feasibility Studies was a series of webinars held in the afternoons of August and early September. There were two hundred-five (205) participants including representatives from PSE/ DENR and six (6) Indonesian colleagues. For the five (5) Saturday webinars, there were seventeen (17) topics presented, as follows:

Module 1- August 8, 2020

• Introduction and Components of a Mining Feasibility Study by Engr. Jake Ramon Foronda

• Geologic Inputs to a Mining Feasibility Study by Mr. Jesus Cinco Jr.

• Mining Methods by Engr. Leonardo Marcelo Jr.

• Ore Reserve Estimation and Life of Mine Planning by Engr. Rolando Cruz

Module 2 - August 15, 2020

• Metallurgical Considerations in Mining Feasibility Studies by Engr. Juancho Pablo Calvez

• Mine Infrastructure and Utilities by Engr. Jake Ramon Foronda

• Transport and Logistics by Engr. Rolando Cruz

Module 3 - August 22, 2020

• Mining CAPEX and OPEX Estimation by Mr. George Baquiran

• Milling CAPEX and OPEX Estimation by Engr. Silver Vito Andrada

• SHEC, Government Permitting and Mine Rehabilitation by Engr. Aldwin Camance

Module 4 - August 29, 2020

• Hydrology and Water Resources by Engr. Aldwin Camance

• Mine Organization and Manpower Training by Engr. Enrico Nera

• Project Schedule, Execution Plan and Feasibility Study Team by Engr. Jake Ramon Foronda

Module 5 - September 5, 2020

• Market Studies and Contracts by Engr. Deogracias Madrid

• Taxation, Royalties and Government Incentives by Atty. Fernando Peñarroyo

• Mining Financial Analysis by Mr. Pocholo Domondon

• Risk Management by Atty. Fernando Peñarroyo

The success of PMRC 101 and PMRC 131 has further provided additional momentum for the PMRCC to undertake succeeding webinars for the fourth quarter of this year. They are as follows:

• PMRC 121 – Mine Accounting for Mining Industry Professionals on November 11, 2020

• PMRC 237 – Metallurgical Accounting (c/o SMEP) on November 19 & 26, 2020

• PMRC 171 – Managing Your CP Career on December 11, 2020