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ARTICLE · 29 SEPTEMBER 2023

JORC Code Update

K&L Gates
K&L Gates
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Mining companies may soon be faced with the results 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) in 11 years.

United StatesCorporate/Commercial Law

Mining companies may soon be faced with the results 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) in 11 years. The revised draft will be open for consultation so reporting companies should be aware of the significant changes that are proposed.

JORC Code

The JORC Code is a professional code of practice published by the Joint Ore Reserves Committee (JORC) that sets the standards for the public reporting of exploration results, mineral resources, and ore reserves.

The Code forms part of the Australian Securities Exchange (ASX) listing rules and must be complied with by all ASX-listed mining companies. The Code also serves to support the boards' obligations to have a reasonable basis for making any representations and statements to the market with respect to its mineral projects.

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