What is the objective of JORC Code Why do we need the code?
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 Reports.
Where can I find JORC reports?
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) [online]. Available from: (The Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia).
What is UNFC system?
United Nations Framework Classification (UNFC) for energy and mineral resources is a universally applicable scheme for classifying/evaluating energy and mineral reserves/resources. It was adopted in 2004 by the United Nations Economic Commission of Europe (UNECE).
What is an ore reserve?
Mineral Resources can be defined as the concentration of material of economic interest in or on the earth’s crust, whereas Ore Reserves are the parts of a Mineral Resource that can at present be economically mined.
What is a NI 43 101 report?
The purpose of an NI 43-101 Technical Report, as stated in the Form 43-101F1 Instructions, is “to provide a summary of material scientific and technical information concerning mineral exploration, development, and production activities on a mineral property that is material to an issuer” and the instructions to authors …
What is ore reserve?
Mineral reserves (or ore reserves) are resources known to be economically feasible for extraction. A Proved Ore Reserve is the part of Measured resources that can be mined in an economically viable fashion. It includes diluting materials and allowances for losses which occur when the material is mined.
What is the difference between Resources and reserves?
A resource is that amount of a geologic commodity that exists in both discovered and undiscovered deposits—by definition, then, a “best guess.” Reserves are that subgroup of a resource that have been discovered, have a known size, and can be extracted at a profit.
What is the full form of Unfc?
Introduction. United Nations Framework Classification for Resources (UNFC) – a universally acceptable and internationally applicable scheme for the sustainable management of all energy and mineral resources.
What is geochemical method?
Geochemical methods involve the direct measurement of radionuclide concentrations (U, Th, K, and Rb) in a small sub-sample using such techniques as inductively coupled plasma mass spectrometry, X-ray fluorescence spectrometry, or atomic absorption spectrophotometry.
What is the difference between an ore and a reserve?
What are the meanings of the acronym JORC?
All Acronyms lists 8 meanings of JORC: business mining technology australia care challenge coal drain education industrial 1 / 2
What is the JORC Code for mineral resources and ore reserves?
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.
What’s the difference between CRIRSCO and JORC codes?
The CRIRSCO codes do not change, supersede or invalidate any country, state or provincial Mining Code, Mining Law or any other laws. Current CRIRSCO members and their reporting codes are: Australia and Australasia – JORC Code (2012) – the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC)
Where did the idea of JORC come from?
CRIRSCO formed in 1994 and has 13 members, including Australasia. Figure 2. CRIRSCO members. Source. The origins of JORC reporting are the result of a boom-and-bust event in Western Australia. In the late 1960s, demand for nickel surged as the U.S. sought the metal for building weapons to use in the Vietnam War.