Nevada Clean Magnesium, Inc.(TSXV:NVM,FWB:M1V,OTC Pink:MLYFF) announced today that it has amended its National Instrument 43-101 preliminary economic assessment and technical report for its Tami-Mosi Magnesium Project. The original report was dated September 15, 2011 and was amended as of July 4, 2014. There were no material differences between the mineral resources estimates in the original report regarding Tami-Mosi and those set out in the amended report.
As quoted in the press release:
As a result of a review by the British Columbia Securities Commission (the “BCSC”), the Company amended the 43-101 technical report as of July 4, 2014 (the “Report”), to address the comments raised by the BCSC relating to including an after-tax based-case scenario, providing certificates of only Qualified Persons for all sections of the Report, ensuring that the requirements for the disclosure of historical estimates have been met, ensuring that sections of the Report have been updated to provide the specific disclosure required by the BCSC, and ensuring that the section on Mineral Resources has been revised to provide clarity on what is an inferred resource and what is a mineral reserve.