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ARTICLE · 20 AUGUST 2024

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JORC Code Update – Compliance With Guidance

K&L Gates
K&L Gates
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K&L Gates

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Mining companies are one step closer to being subject to the changes of the first comprehensive review of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves...

AustraliaCorporate/Commercial Law
Clive Cachia
Clive Cachia
Adam Levine
Adam Levine
Luke Paterson
Luke Paterson

Mining companies are one step closer to being subject to the changes of the first comprehensive review of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code or the Code) since 2012. The revised draft Code was published on 1 August 2024 (Draft Code) and is open for consultation until 31 October 2024.

JORC Code

The JORC Code is a professional code of practice published by the Joint Ore Reserves Committee which regulates the manner in which exploration results, mineral resources and ore reserves may be publicly reported.

The Draft Code is the culmination of a four-year consultation process by the Joint Ore Reserves Committee (JORC) with various stakeholders including the Australian Securities and Investments Commission and the Australian Stock Exchange (ASX).

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