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ARTICLE · 29 MAY 2013

Changes to the JORC Code - a new world order in resources reporting?

Corrs Chambers Westgarth
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ASX listed resources entities will change public reporting of exploration results, mineral resources and ore reserves.

AustraliaFinance and Banking
Clare Corke
Clare Corke
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From December 2013, ASX listed resources entities will need to change the way they publicly report their exploration results, mineral resources and ore reserves.

While large miners may already be substantially compliant with the new reporting requirements, the jury is out on how the revised code will impact small to mid cap miners.

Will the changes be nothing more than an additional compliance burden or will they help level the 'playing field' for junior miners, particularly when it comes to securing finance?

The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) sets out the manner in which resources companies must report on their exploration activities and reserves. Compliance with the JORC Code is required under the ASX and NZX listing rules in respect of all public reporting.

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