Transcription of Changed compliance requirements in the 2012 JORC Code
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Changed compliance requirements in the 2012 JORC Code
Changed compliance requirements in the 2012 JORC CodeSteve HuntDeputy Chair JORCA pril 2013 IntroductionWhy are there so many changes between the 2004 Code and the 2012 Code?A little background: A number of ASX Companies Updates had been issued between 2005 and 2008related to JORC Code matters. In October 2011, the JORC Committee released an Issues Paper to stimulatediscussion and comment on how the JORC Code could be improved. The Issues Paper attracted 114 written submissions, as well as significantadditional feedback received through public forums and meetings. Comments on the Issues Paper confirmed strong support for the JORC Code to remain a principles based professional Code. Comments also highlighted there was a need for improved disclosure standards, and a greater balance between the core principles of Transparency, Materiality, and Competence in Public Reporting.
Changed Compliance Requirements for the 2012 Code • The requirement, when reporting initial or materially changed Exploration Results or estimates of Mineral Resources and Ore
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