The 2012 edition of the JORC Code has been published and is available from the JORC web site, with an announcement outlining the process of revising the code, the last substantial update of which was in 2004.
The new edition of the JORC code will be subject to a transition period until 30th November 2013, during which the minimum requirement fro public reporting of explorationj results, mineral resources and ore reserves will remain the 2004 edition of the code. Voluntary compliance with the 2012 version of the code is, however, encouraged in the period prior to full implementation of the 2012 code from 1st December 2013. Similar transitional arrangements apply to the ASX listing rules.
Both JORC and the ASX agree that if a Competent Person wants to take advantage of any of the provisions of the 2012 JORC Code, they must comply with the provisions of the 2012 code and the revised ASX listing rules.
More details about the transition to full implementation of the 2012 code and associated education programs to be conducted during 2013 will be provided via the AIG web site in coming months.
21 Dec 2012
