Regulatory Alerts2022-09-28
Guidance on Disclosure Requirements for Mining Reporting Entities
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market has issued this guidance to establish comprehensive disclosure obligations for Mining Reporting Entities under Chapter 11 of the Market Rules. The framework requires entities to prepare disclosures on Exploration Targets, Results, Mineral Resources, Ore Reserves, and Production Targets in strict alignment with global standards like JORC, SAMREC, and NI 43-101, while ensuring all reported estimates are clearly assessed for materiality. Additionally, the guidance mandates specific prospectus valuation reports, quarterly activity and cash reporting for exploration entities, and annual summaries of reserves and resources to ensure transparent and consistent investor communication.