MineralEval Directory is a reference directory of 30 mineral property evaluators and appraisers worldwide, covering 32 commodities across precious metals, battery metals, rare earth elements, critical minerals, and base metals. Listed firms report holding credentials from IIMA, SME, VALMIN, CIMVAL, or equivalent professional bodies and reference international valuation standards including IMVAL and NI 43-101. This directory is for informational purposes only and does not constitute an endorsement of any listed firm.
Listed Firms and Appraisers
30 evaluators covering 32 commodities across 6 global regions.
Widely recognized as a world leader in the accurate market value appraisal of mineral properties. Principal Trevor R. Ellis is a prominent figure in the development of international valuation standard
A mining and geological consulting firm that has performed thousands of mining-related valuation assignments globally. Frequently called upon to provide expert witness testimony in precedent-setting l
North America, GlobalCommodities: Gold, Silver, Copper, Tungsten, Uranium, Manganese, Titanium, Base Metals, Energy Minerals, Industrial MineralsStandards: USPAP, SMEType: Boutique AppraisalHQ: Pittsburgh, Pennsylvania, USAFounded: Email: info@jtboyd.comPhone: +1 (412) 562-1990Services: Property Valuation, Expert Witness, Litigation Support, Due Diligence, Resource Estimation
Operating continuously since 1911, one of the oldest mineral industry consulting firms in the world. Specializes in impartial technical and strategic studies, including mineral property valuations, du
North America, GlobalCommodities: Gold, Silver, Copper, Lithium, Rare Earths, Monazite, Palladium, Platinum Group Metals, Uranium, Tungsten, Base Metals, Industrial MineralsStandards: USPAP, SME, IMVALType: Boutique AppraisalHQ: New York, New York, USAFounded: Email: info@dolbear.comPhone: +1 (212) 213-0166Services: Property Valuation, Due Diligence, Independent Expert Reports, M&A Support, Financial Reporting
A full-service mineral, mining, and business valuation firm with over 50 years of experience. Covers more than 75 types of minerals and commodities. Serves 1,600+ clients across financial institutions
North AmericaCommodities: Gold, Silver, Copper, Uranium, Tungsten, Vanadium, Manganese, Titanium, Palladium, Platinum Group Metals, Base Metals, Energy Minerals, Industrial Minerals, MonaziteStandards: USPAP, SMEType: Boutique AppraisalHQ: Scottsdale, Arizona, USAEmail: info@minvalspec.comServices: Property Valuation, Expert Witness, Litigation Support, Mineral Economics
An independent mining and geological consulting firm with over 30 years of experience. Certified mineral appraisers have produced numerous appraisals of mineral rights for purposes ranging from estate
North America, South America, GlobalCommodities: Gold, Silver, Copper, Lithium, Uranium, Tungsten, Rare Earths, Base MetalsStandards: USPAP, SME, NI 43-101Type: Boutique AppraisalHQ: Boulder, Colorado, USAFounded: Email: info@gustavson.comPhone: +1 (303) 443-5112Services: Property Valuation, Resource Estimation, Feasibility Studies, Due Diligence, Expert Witness
A major international firm providing comprehensive advice and solutions to the earth and water resource industries. Heavily involved in mineral resource evaluation and valuation across virtually all c
North America, South America, Africa, Europe, Asia-Pacific, GlobalCommodities: Gold, Silver, Copper, Lithium, Rare Earths, Monazite, Palladium, Platinum Group Metals, Uranium, Tungsten, Graphite, Tantalum, Niobium, Vanadium, Manganese, Titanium, Base Metals, Cobalt, NickelStandards: JORC, NI 43-101, SAMREC, SME, VALMINType: International ConsultancyHQ: Multiple offices worldwideFounded: Email: info@srk.comServices: Property Valuation, Resource Estimation, Due Diligence, Independent Expert Reports, Technical Reviews, M&A Support, Feasibility Studies
Canada's longest-running independent firm of geological and mining consultants. Provides value-added professional services, including property valuations, Mineral Resource and Reserve estimates, and d
North America, GlobalCommodities: Gold, Silver, Copper, Lithium, Rare Earths, Palladium, Platinum Group Metals, Tantalum, Niobium, Base MetalsStandards: CIMVAL, NI 43-101Type: International ConsultancyHQ: Toronto, Ontario, CanadaFounded: Email: info@wgm.caPhone: +1 (416) 364-3862Services: Property Valuation, Resource Estimation, Due Diligence, Independent Expert Reports, M&A Support
A resources consulting group (now part of Datamine) providing independent analysis, including identification, due diligence review, and valuation of mining assets and companies. Particularly well-rega
Asia-Pacific, Africa, GlobalCommodities: Gold, Copper, Lithium, Rare Earths, Monazite, Titanium, Nickel, Base MetalsStandards: VALMIN, JORCType: International ConsultancyHQ: Perth, Western AustraliaFounded: Email: info@snowdenoptiro.comServices: Property Valuation, Due Diligence, Resource Estimation, Independent Expert Reports, M&A Support
Acquired Roscoe Postle Associates (RPA) and maintains an extensive database of mineral exploration property values based on published transactions. Highly respected for mineral resource estimation and
North America, GlobalCommodities: Gold, Silver, Copper, Lithium, Base Metals, UraniumStandards: CIMVAL, NI 43-101, SMEType: International ConsultancyHQ: Toronto, Ontario, CanadaEmail: info@slrconsulting.comServices: Property Valuation, Resource Estimation, Due Diligence, Independent Expert Reports, Technical Reviews
A multi-faceted South African consulting company with over 30 years of combined experience in mineral asset valuations. Provides comprehensive financial modelling and mineral asset valuation services.
Africa, GlobalCommodities: Palladium, Platinum Group Metals, Gold, Copper, Manganese, Vanadium, Nickel, Base MetalsStandards: SAMVAL, CIMVAL, VALMINType: International ConsultancyHQ: Johannesburg, South AfricaFounded: Email: info@minxcon.co.zaServices: Property Valuation, Resource Estimation, Due Diligence, Independent Expert Reports, M&A Support
An independent firm of mineral industry consultants providing expert project valuation and economic analysis. Their team of mineral economists supports informed decision-making throughout the project
North America, South America, GlobalCommodities: Gold, Silver, Copper, Lithium, Rare Earths, Scandium, Uranium, Tungsten, Base Metals, NickelStandards: CIMVAL, NI 43-101Type: International ConsultancyHQ: Toronto, Ontario, CanadaFounded: Email: info@micon-international.comPhone: +1 (416) 362-5135Services: Property Valuation, Mineral Economics, Resource Estimation, Feasibility Studies, Due Diligence, Independent Expert Reports
An independent UK-based firm of consulting engineers specializing in the development, design, and construction of new mining projects, with particular expertise in heavy mineral sands. Provides engine
Europe, Africa, Asia-Pacific, GlobalCommodities: Monazite, Rare Earths, Titanium, Industrial MineralsStandards: JORC, NI 43-101Type: International ConsultancyHQ: Aylesbury, United KingdomFounded: Email: info@gbminerals.comServices: Process Engineering, Due Diligence, Resource Estimation, Technical Reviews, Feasibility Studies
Specializes in mineral asset valuation and management, providing independent technical and valuation advice, VALMIN reports, expert opinion, and consulting. Covers a wide range of commodities includin
Asia-Pacific, GlobalCommodities: Gold, Copper, Lithium, Uranium, Rare Earths, Nickel, Base MetalsStandards: VALMIN, JORCType: International ConsultancyHQ: Melbourne, AustraliaFounded: Email: info@varm.com.auServices: Property Valuation, Independent Expert Reports, Due Diligence, Mineral Economics
Offers mineral property valuation services at all stages of a project, from exploration to operations. Utilizes advanced geospatial technology and data analytics for mineral property assessment, cover
North AmericaCommodities: Gold, Silver, Copper, Uranium, Tungsten, Gallium, Germanium, Rare Earths, Base MetalsStandards: USPAP, SMEType: Boutique AppraisalHQ: Salt Lake City, Utah, USAFounded: Email: info@burgex.comServices: Property Valuation, Resource Estimation, Due Diligence, Technical Reviews
Has written over 500 formal reports for gold, silver, and platinum projects including project evaluation, due diligence studies, and technical reporting for stock exchange listings. One of the most ex
North America, Europe, Africa, GlobalCommodities: Gold, Silver, Palladium, Platinum Group Metals, Copper, Base Metals, Lithium, Rare EarthsStandards: JORC, NI 43-101, VALMIN, CIMVALType: International ConsultancyHQ: London, UK & Toronto, CanadaFounded: Email: info@acahowe.comServices: Property Valuation, Resource Estimation, Due Diligence, Independent Expert Reports, Feasibility Studies
A specialist critical metals research and consulting firm with over 20 years of experience. Known for PGM consultancy, providing mine business planning, due diligence, price forecasting, and transacti
Possesses a high level of technical and management expertise in lithium and graphite across geology, geotechnical engineering, and mining. Provides direct technical and operational advice on critical
Asia-Pacific, North America, GlobalCommodities: Lithium, Gold, Copper, Graphite, Rare Earths, Nickel, Base MetalsStandards: VALMIN, JORC, NI 43-101Type: Critical Minerals SpecialistHQ: Melbourne, AustraliaFounded: Email: amcperth@amcconsultants.comServices: Property Valuation, Due Diligence, Resource Estimation, Technical Reviews, Independent Expert Reports, Feasibility Studies
Delivers trusted, data-driven insight into the global 'mine-to-magnet' rare earth supply chain, including individual element economics for neodymium, dysprosium, terbium, and praseodymium. Their prici
Possesses what is considered the strongest experienced-based rare earths consulting capability in the western world. Team members have direct experience with all major existing rare earth metal produc
North America, GlobalCommodities: Rare Earths, Neodymium, Dysprosium, Terbium, Praseodymium, Scandium, Yttrium, Gadolinium, Samarium, Europium, Monazite, Lithium, GraphiteStandards: NI 43-101, SMEType: Critical Minerals SpecialistHQ: Tucson, Arizona, USA & Toronto, CanadaEmail: info@trugroup.comServices: Due Diligence, Resource Estimation, Process Engineering, Property Valuation, Technical Reviews, Feasibility Studies
An independent capital markets consulting firm specializing in the precious metals and energy transition metals sectors. Provides services to junior mineral exploration and development companies, with
North America, Europe, Asia-PacificCommodities: Palladium, Platinum Group Metals, Gold, Silver, Copper, Lithium, Nickel, Cobalt, UraniumStandards: IMVALType: Critical Minerals SpecialistHQ: EuropeEmail: info@hostrockgeology.comServices: Capital Markets Consulting, Market Research, Due Diligence, M&A Support
Specialist rare earth research and valuation firm. Publishes guides on REE development project economics with deep expertise in individual rare earth element markets including neodymium, praseodymium,
An independent precious metals research consultancy with a team spread across eight countries. Publishes the annual Platinum Group Metals Focus report covering platinum, palladium, and rhodium fundame
Europe, GlobalCommodities: Palladium, Platinum Group Metals, Gold, SilverStandards: IMVALType: Market IntelligenceHQ: London, United KingdomFounded: Email: info@metalsfocus.comServices: Market Research, Price Forecasting, Due Diligence
The leading price reporting agency and market intelligence firm for the lithium-ion battery supply chain. Provides benchmark pricing, supply chain analysis, and market forecasting for lithium, graphit
Europe, North America, Asia-Pacific, GlobalCommodities: Lithium, Graphite, Cobalt, Nickel, Manganese, Rare EarthsStandards: IMVALType: Market IntelligenceHQ: London, United KingdomFounded: Email: info@benchmarkminerals.comServices: Market Research, Price Forecasting, Due Diligence, M&A Support
The market leader in uranium and nuclear fuel pricing and market consulting services. Publishes the industry-standard uranium spot and term price indicators used worldwide for contract pricing and pro
North America, GlobalCommodities: UraniumStandards: Type: Market IntelligenceHQ: Denver, Colorado, USAFounded: Email: info@tradetech.comServices: Market Research, Price Forecasting, Due Diligence
A commodities research and consulting firm specializing in precious and specialty metals. Provides tantalum, niobium, and titanium research services alongside their well-known precious metals analysis
North America, GlobalCommodities: Gold, Silver, Palladium, Platinum Group Metals, Tantalum, Niobium, TitaniumStandards: Type: Market IntelligenceHQ: New York, New York, USAFounded: Email: info@cpmgroup.comPhone: +1 (212) 785-8320Services: Market Research, Price Forecasting, M&A Support, Due Diligence
A specialist uranium mining consultancy with over 45 years of experience in mineral exploration and project evaluation. Has completed numerous uranium mineral resource estimates, preliminary economic
North AmericaCommodities: UraniumStandards: NI 43-101, SMEType: Boutique AppraisalHQ: Sheridan, Wyoming, USAEmail: info@brsengineering.comServices: Resource Estimation, Feasibility Studies, Property Valuation, Technical Reviews
Specialist uranium in-situ recovery (ISR) engineering consultancy. Prepares mineral resource estimates and technical reports for uranium ISR projects, compliant with both S-K 1300 and NI 43-101 standa
North AmericaCommodities: UraniumStandards: NI 43-101, SMEType: Boutique AppraisalHQ: Sheridan, Wyoming, USAEmail: info@wwcengineering.comServices: Resource Estimation, Feasibility Studies, Property Valuation, Technical Reviews
A specialist graphite consulting firm providing expert support across the entire graphite value chain. Works closely with companies, institutes, and specialists in the minerals industry in Europe, Aus
Europe, Asia-Pacific, North America, GlobalCommodities: GraphiteStandards: Type: Critical Minerals SpecialistHQ: GermanyEmail: info@prographite.comServices: Due Diligence, Technical Reviews, Process Engineering, Market Research
Operating within the U.S. Department of the Interior's Appraisal and Valuation Services Office (AVSO), provides unbiased minerals evaluation and valuation services for federally managed and entrusted
North AmericaCommodities: Gold, Silver, Copper, Uranium, Base Metals, Energy Minerals, Industrial MineralsStandards: USPAPType: GovernmentHQ: Washington, D.C., USAEmail: info@dmre.gov.zaServices: Property Valuation, Mineral Leasing, Technical Reviews, Due Diligence
Valuation Standards and Codes
Mineral property valuations are governed by six primary international codes: IMVAL (International), CIMVAL (Canada), VALMIN (Australia), SME Valuation Standards (United States), SAMVAL (South Africa), and the RICS Red Book (United Kingdom). Each code requires that valuations be prepared by a Qualified Person or Competent Person with relevant education, experience, and professional certification.
IMVAL - International Mineral Valuation Committee Template
A principles-based template recognized as a common set of minimum requirements for national codes concerning the valuation of mineral assets.
Region: International
SME - SME Standards and Guidelines for Valuation of Mineral Properties
Published by the Society for Mining, Metallurgy & Exploration, these standards guide the valuation of mineral properties in the US.
Region: United States
CIMVAL - CIM Code for the Valuation of Mineral Properties
Sets out the standards and guidelines for the valuation of mineral properties in Canada.
Region: Canada
VALMIN - Australasian Code for Public Reporting of Technical Assessments and Valuations
Obligatory for AusIMM members for reports relating to mineral assets required under Corporations law.
Region: Australasia
SAMVAL - South African Code for the Reporting of Mineral Asset Valuation
Ensures valuations are transparent, complete, and prepared by competent valuators.
Region: South Africa
USPAP - Uniform Standards of Professional Appraisal Practice
The generally recognized ethical and performance standards for the appraisal profession in the United States.
Region: United States
JORC - Joint Ore Reserves Committee Code
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
Region: Australasia
NI 43-101 - National Instrument 43-101
Canadian securities regulation governing the disclosure of scientific and technical information about mineral projects.
Region: Canada
Indicators of Fraud in Mineral Valuation
The five most common indicators of fraud in mineral property valuations are: (1) unrealistic resource estimates that significantly exceed comparable deposits, (2) absence of a Qualified Person or Competent Person sign-off as required by IMVAL and NI 43-101, (3) missing or fabricated drill hole data and assay certificates, (4) valuations that materially exceed recent comparable transactions without justification, and (5) failure to disclose material environmental liabilities, permitting risks, or encumbrances.
The evaluator has a direct financial interest in the property or the commissioning company, compromising their objectivity.
Unjustified Assumptions
The use of overly optimistic commodity price forecasts, unrealistic metallurgical recovery rates, or underestimated capital and operating costs without robust justification.
Non-Compliance with Standards
Failure to adhere to recognized reporting codes (e.g., NI 43-101, JORC, SME Valuation Standards) or the absence of a sign-off by a verified Qualified/Competent Person.
Data Manipulation
Selective reporting of drill hole data (e.g., highlighting only high-grade intercepts while ignoring barren zones) or inappropriate statistical treatment of outlier grades.
Opaque Methodologies
The valuation relies on proprietary or undisclosed methodologies rather than accepted industry approaches (Income, Market, or Cost approaches).
Navigating the Mineral Valuation Landscape
The valuation of mineral properties requires a synthesis of geological expertise, mining engineering, and financial acumen. Compiled by Thomas Brachey, this directory lists 30 evaluators and appraisers worldwide across 32 commodity categories, from precious metals and battery minerals to individual rare earth elements and critical specialty metals. This directory is for informational purposes only and does not constitute investment advice or an endorsement of any listed firm.
Thomas Brachey is a professional with experience across natural resources, technology, and real estate sectors. He holds a PMP certification and has worked with stakeholders across multiple continents in areas including oil and gas, rare earth minerals, real estate, and emerging technology.
Thomas compiled this directory as a reference resource for professionals seeking mineral property evaluators. To discuss your mineral property evaluation needs, you may request a conversation through this site.