ASIC continues to flex its muscles on public company JORC code disclosure

There has been a change in the wind for small to mid-cap ASX-listed companies. Over the last four to five years these organisations have had to rapidly adapt to the evolving regulatory landscape. One of the key challenges lies in what they can or can't say about their projects as they attempt the transition from explorer, to developer, to producer. With a range of legislative changes, information sheets, FAQ's and Listing Rules amendments released by ASIC and ASX¹, listed mining companies face a range of disclosure issues including:

• the degree of project certainty required before a production target and associated financial forecasts (for example, a project "NPV") can be disclosed;