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
The AusIMM Geoscience Society, AIG and Digirock are holding a five day field course designed to assist graduate geoscientists in the trabsition from university to a career in mineral exploration. (more…)
Federal Resources Minister Martin Ferguson recently anounced increased funding for Geoscience Australia’s geoscience programs. A strategic review of Geoscience Australia, delivered in 2011, identified that government provision of pre-competitive information was a successful way to attract investment in resources exploration. The additional funds comprise $34 million in 2013-14 and $40 million p.a. thereafter to enhance the provision of pre-competitive data to support mineral and energy resource exploration in Australia. (more…)
The IUGS has formed a new task group on Global Geoscience Professionalism. AIG is a founding member of the new group which is chaired by Ruth Allington, President of the European Federation of Geologists, who has penned the following summary of the group’s role and objectives. (more…)
The AIG submissions provided to the JORC Committee and ASX on proposed changes to the JORC Code and ASX Listing Rules for minerals and petroleum sector companies may be viewed here. Exposure drafts of the JORC Code and ASX Listing Rules were developed following an extensive consultation process with stakeholders earlier this year. (more…)