Mining and mineral exploration companies listed on the Australian Securities Exchange (ASX), New Zealand Stock Exchange (NZX), and Papua New Guinea’s Port Moresby Exchange are mandated to follow the standards and guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). In Australia, this adherence is required by the Australian Securities and Investments Commission (ASIC). The code is also recognised and used for public reporting in Canada, Johannesburg, London, Hong Kong, and Singapore.
The Joint Ore Reserves Committee (JORC) is one of 13 members of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) and is partnered with the International Council on Mining and Metals. The JORC Code, like other international reporting codes, aims to ensure that public reports intended to inform investors and their advisors are transparent and not misleading, contain all the relevant information, and are prepared by Competent Persons. The JORC Code defines a Competent Person for mineral resources and ore reserves as a suitably qualified and experienced person who is subject to an enforceable professional code of ethics and has sufficient relevant experience for the style of mineralisation or type of deposit under consideration and the activity being undertaken.
SRK employs experienced Competent Persons who satisfy the JORC Code requirements for independent reporting at all phases of mining project development, including during exploration and resource definition and for techno-economic engineering studies and operating mines. In addition to being experts in mineral resource and ore reserve reporting, our consultants specialize in identifying risks and potential opportunities and in finding practical solutions to your challenges.
