The JORC Code
The Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves (‘the JORC Code’) is a professional code of practice that sets
minimum standards for Public Reporting of minerals Exploration Results, Mineral
Resources and Ore Reserves.
The JORC Code provides a
mandatory system for the classification of minerals Exploration Results,
Mineral Resources and Ore Reserves according to the levels of confidence in
geological knowledge and technical and economic considerations in Public
Public Reports prepared in accordance with the JORC Code are
reports prepared for the purpose of informing investors or potential investors
and their advisors. They include, but are not limited to, annual and quarterly
company reports, press releases, information memoranda, technical papers,
website postings and public presentations of Exploration Results, Mineral
Resources and Ore Reserves estimates.
There are two Editions of the JORC Code which are current, as a transition is
underway from the 2004 Edition to the 2012 Edition of the Code. The transition
arrangements for the JORC Code are:
- The JORC Code, 2004 Edition applies and continues to
provide the minimum standards for Public Reporting of Exploration Results,
Mineral Resources and Ore Reserves.
- Competent Persons and Companies preparing Public
Reports are encouraged to voluntarily comply with the JORC Code, 2012 Edition.
- When choosing to voluntarily comply with the 2012
Code, Competent Persons and Companies should apply the whole of the revised
Code. Selecting different elements of the 2004 and 2012 Codes in combination
is not acceptable.
- If voluntarily complying with the JORC Code 2012 Edition, the Public
Report should clearly state that fact to assist parties relying on the Public
Report to understand the basis upon which it has been prepared. In addition if
reporting in Australia using the early adoption of the 2012 JORC Code
companies are also obliged to comply with the revised version of Chapter 5 of
the ASX listing rules.
The JORC Code, 2004 Edition can be found here.
The JORC Code, 2012 Edition can be found here.
Click here to register for the JORC Seminar Series, commencing May 7 through to July 26.
The JORC Code, 2012 Edition was published 20 December 2012. An announcement of the release of the revised Code and its implementation can be found
More information is available on the JORC website.