Corporate Compliance in Resource and Reserve Reporting for the Australian Market
16 March 2018
Optiro Head Office
Level 1, 16 Ord Street
This 1-day course helps you to negotiate the tortuous pathways associated with corporate reporting of Exploration Targets, Mineral Resources and Ore Reserves for companies adopting JORC and/or those listed on the ASX. It has been specifically designed for: Exploration Managers, Chief Geologists, COOs, Planning Managers, Company Secretaries, CEOs; all those associated with classifying and reporting Exploration Targets, Mineral Resources and Ore Reserves; and those responsible for market releases through the ASX.
After a period of relative quiescence following the introduction of the 2012 JORC Code, both ASIC and the ASX are flexing their muscles; in particular, the recent release of Information Sheet 214 has reset the rules for reporting of results from scoping studies, pre-feasibility studies and feasibility studies – or has it?
During this course, we will cover all of the issues associated with generating a market release containing information governed by the JORC Code and Section 5 of the ASX Listing Rules. What to report, how to report it, where in the release to place the key information, what must (and must not) be included, what key accompanying declarations are required - these will all be covered, with frequent reference to recent examples of successful (and retracted) releases. We will also place the JORC Code and the ASX listing rules in a global context and look where other codes (SAMREC, 43-101) have come from and are going.
The attendees will:
- learn or revise the key definitions of Exploration Targets, Mineral Resources and Ore Reserves
- understand the critical differences between Inferred and other resource categories
- appreciate and avoid the abuse of Exploration Target reporting
- partake in a key review of Table 1 content – is too much or the wrong information being disclosed?
- understand the key requirements in Section 5 of the ASX Listing Rules and what is additional to the JORC guidelines
- understand what are Scoping Studies, PFS and FS? Where are the boundaries?
- understand the implications of Information Sheet 214 – what can you and can’t you report?
- share experiences of market releases and learn to avoid common pitfalls
Ian Glacken BSc (Hons), MSc (Min. Geol), MSc (Geostatistics), FAusIMM(CP), CEng, FAIG
Director of Geology
Ian is a geologist with postgraduate qualifications in geostatistics, mining geology and computing who has more than 30 years’ worldwide experience in the mining industry. He has worked on mineral projects and given training courses to thousands of attendees on every continent apart from Antarctica! Ian’s skills are in resource evaluation and due diligence reviews, public reporting, training and mentoring, quantitative risk assessment, strategic advice, geostatistics, reconciliation, project management, statutory and competent persons’ reporting and mining geology studies. Ian has a strong mining production background and is a regular auditor for the world’s largest mining companies.
Andrew Law HND(MMin), MBA, FAusIMM(CP), FIQA, MAICD, AFAIM
Director of Mining Engineering
Andrew has more than 30 years’ experience in the mining industry in Australia, Africa and South America. His extensive technical and management experience ranges from deep level underground mining environments (bulk and narrow vein); to large open pit environments (across multi commodities); and large mineral sands dredging environments. Andrew’s specialist skills are in Corporate strategic business planning and due diligence, project management, management of feasibility studies, Ore Reserve compliance and auditing (ASX, TSX, SEC, SGX, JSE), operational performance optimisation, mentoring operational management and corporate personnel, as well as peer reviewing mining studies and projects.
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