The Australasian Joint Ore Reserves Code in Practice

Since its introduction in 1989, the Australasian Joint Ore Reserves Code (the JORC Code or the Code) has been one of the success stories of the informational interface between the mining industry and investors. This is due variously to the user-friendly nature of the Code itself, to its practical approach to this complex subject, and to the way in which its requirements have been implemented in practice. Recognition of its utility and effectiveness has influenced a significant number of mining countries to re-assess their reporting standards with the positive outcome being that for the first time, a set of standard international definitions for reporting of mineral resources and reserves is a realistic possibility.