A Clarification Of The Reporting Obligations Under The JORC Code

It is well known that investing in resources companies can be risky. Resources company shares frequently display a higher level of volatility in comparison to industrial companies and accordingly; investors rely heavily on information disclosed by resources companies to make informed investment decisions.

In order to minimise this risk and ensure that resources companies do not mislead potential investors, resources companies are required to comply with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) which is incorporated in the Listing Rules of the Australian Securities Exchange (ASX) and New Zealand Stock Exchange. The purpose of the Code is to ensure that resources companies disclose all information which investors and their professional advisers would reasonably require, and reasonably expect to find, for the purpose of making a reasoned and