The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code') is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
The Code has undergone a process of evolution since it was first published in 1989 and incorporated into the Australian Securities Exchange (ASX) Listing Rules, and was last updated in 2012.
The Joint Ore Reserves Committee (JORC) initiated an update to the Code in 2019 to address issues identified in the application of the Code since it was last revised, including both technical aspects of the Code and the need to provide investors clear, unbiased advice relating to other issues affecting Mineral Resource project development, particularly in the areas of environmental, social and governance (ESG) which have become increasingly prominent over the past decade.
This presentation will give a brief overview of the Code and provide an outline of the update process, the key areas being reviewed and the overall status of the update.
