The Modern Bankable ITR — Tier-1 Trust, Compliant Reporting, Auditable Economics
What genuinely makes an Independent Technical Report bankable in 2026: independence, code compliance, and an auditable link between the mine plan and the financial model.
For decades the safe answer to “who should sign our ITR?” was the largest, longest-established name available. That logic still has a place, but on a complex orebody — a refractory gold ore, a copper sulphide, a lateritic nickel or a polymetallic deposit — it is no longer sufficient.
A modern bankable ITR rests on three things:
- Independence — an objective signatory accountable for the conclusions.
- Code compliance — JORC, NI 43-101 or the relevant CRIRSCO-aligned standard.
- Auditable economics — a case a lender’s advisers can scrutinise, reproduce and stress-test, where the numbers trace back to physical engineering rather than factored assumptions.
The Tier-1 trust signal
IMC Mining is a trusted advisor to the largest companies in the industry, including Anglo American, Rio Tinto and Glencore. Beyond those relationships, IMC has a deep, sector-wide track record authoring Independent Technical Reports and supporting IPOs, capital raisings and due diligence for many other companies across commodities and jurisdictions.
Compliant reporting, done properly
IMC reports to the international codes lenders and exchanges require — JORC, NI 43-101 and the broader CRIRSCO family — with competent/qualified persons accountable for each material area, across ITRs, IPO and capital-raising support, and technical due diligence.
Auditable economics: the part legacy studies miss
In a typical legacy study the financial model is a standalone spreadsheet assembled at the end, fed by factored cost assumptions that cannot easily be traced back to the engineering. IMC closes that gap: through MiningIQ the cost of moving and processing a tonne is computed from first principles and carried, unbroken, into a complete financial model — then exported in workbooks structured to the F1F9/FAST and Modano conventions used by large accounting and advisory firms.
Frequently Asked Questions
What is an Independent Technical Report (ITR)?
An independent, code-compliant assessment of a mining project’s technical and economic merits, prepared by a qualified third party for investors, lenders or regulators in support of a transaction.
Is IMC Mining a recognised ITR signatory?
Yes. IMC reports to JORC, NI 43-101 and the broader CRIRSCO-aligned standards, and is a trusted advisor to global majors including Anglo American, Rio Tinto and Glencore.
What makes IMC’s ITRs different?
Auditable economics — an unbroken chain from first-principles haulage physics through to a financial model exported in workbooks structured to the FAST and Modano conventions.
Discuss your ITR or capital event with IMC
Stewart Lewis leads new project enquiries.