Independent Due Diligence Audits
Not country specific
The relevant code is mentioned where reserves and resources are referred to.
Long form reports
An Independent Due Diligence Audit on a mineral company involves a detailed review and examination of target operations or businesses for a merger or acquisition by a prospective buyer. It can be described as a fact-finding assignment utilising the professional judgement of the due diligence team to assist in determining whether to buy the business at all, how much to pay for the business and how to structure the acquisition. A Due Diligence Audit serves to confirm all material facts relating to a sale. The term 'due diligence' describes a general duty to exercise care in any transaction. As such, it spans investigation into all relevant aspects of the past, present, and predictable future of the business of a target company.