In addition to the requirements set out in rules 18.21(2) and 18.22, a Competent Evaluator must:—

(1) have at least ten years relevant and recent general mining or Petroleum experience (as appropriate);
(2) have at least five years relevant and recent experience in the assessment and/or valuation of Mineral or Petroleum Assets or securities (as appropriate); and
(3) hold all necessary licences.

Note: A Competent Person's Report or Valuation Report may be performed by the same Competent Person provided he or she is also a Competent Evaluator.