THE JORC CODE – MAINTAINING THE STANDARD (d985d325-b9ee-4c59-b907-bd8f310f5d12)

The paper describes of the JORC Code in terms its background working environment and reasons for success, and provides references to papers which cover the subject in more detail. It then discusses the two major developments in Australasian reporting standards in the last two years: the revision of the 1999 Code, and the introduction in early 2003 of the “ROPO” (Recognised Overseas Professional Organisation) initiative. The purpose of the JORC Code is to provide a minimum standard for reporting of Exploration Results, Mineral Resources and Ore Reserves in Australasia, and to ensure that public reports on these matters contain all the information which investors and their advisers would reasonably require for the purpose of making a balanced judgement regarding the results and estimates being reported.