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Jorc Code

The JORC Code and NI 43-101 are standards for publicly reporting exploration results, mineral resources, and mineral/ore reserves in Australia and Canada respectively. The JORC Code requires a "Competent Person" who is a professional geologist or engineer with 5+ years of relevant experience. NI 43-101 requires a "Qualified Person" who is also a professional with a university degree and 5+ years of experience plus additional requirements. The JORC Code focuses on modifying factors while NI 43-101 makes distinctions between technical parameters like mineral and ore. Both standards aim to provide consistent and reliable disclosure for investors.

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Fredy Antonio Humpire Vallejos
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64 views

Jorc Code

The JORC Code and NI 43-101 are standards for publicly reporting exploration results, mineral resources, and mineral/ore reserves in Australia and Canada respectively. The JORC Code requires a "Competent Person" who is a professional geologist or engineer with 5+ years of relevant experience. NI 43-101 requires a "Qualified Person" who is also a professional with a university degree and 5+ years of experience plus additional requirements. The JORC Code focuses on modifying factors while NI 43-101 makes distinctions between technical parameters like mineral and ore. Both standards aim to provide consistent and reliable disclosure for investors.

Uploaded by

Fredy Antonio Humpire Vallejos
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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JORC CODE NI 43-101

Code for Reporting of Exploration National Instrument 43-101 –


Results, Mineral Resources and Ore Standards of Disclosure for Mineral
Reserves Projects
Australasian Canadian
Public report: Technical report: a report prepared and filed in
accordance with this Instrument and Form 43-
101F1 Technical Report that includes, in
summary form, all material scientific and
technical information in respect of the subject
property as of the effective date of the
technical report
Competent Person: A ‘Competent Person’ is a Qualified person: is an engineer or geoscientist
minerals industry professional who is a with a university degree, or equivalent
Member or Fellow of The Australasian Institute accreditation, in an area of geoscience, or
of Mining and Metallurgy, or of the Australian engineering, relating to mineral exploration or
Institute of Geoscientists, or of a ‘Recognised mining;
Professional Organisation’ (RPO), as included in (b) has at least five years of experience in
a list available on the JORC and ASX websites. mineral exploration, mine development or
A Competent Person must have a minimum of operation, or mineral project assessment, or
five years relevant experience in the style of any combination of these, that is relevant to his
mineralisation or type of deposit under or her professional degree or area of practice;
consideration and in the activity which that (c) has experience relevant to the subject
person is undertaking. Una Persona matter of the mineral project and the technical
Competente debe tener un mínimo de cinco report;
años de experiencia relevante en el estilo de (d) is in good standing with a professional
mineralización o tipo de depósito en association; and
consideración y en la actividad que esa persona (e) in the case of a professional association in a
está desarrollando. If the Competent Person is foreign jurisdiction, has a membership
preparing documentation on Exploration designation that
Results, the relevant experience must be in (i) requires attainment of a position of
exploration. If the Competent Person is responsibility in their profession that requires
estimating, or supervising the estimation of the exercise of independent judgment; and
Mineral Resources, the relevant experience (ii) requires
must be in the estimation, assessment and A. a favourable confidential peer evaluation of
evaluation of Mineral Resources. If the the individual’s character, professional
Competent Person is estimating, or supervising judgement, experience, and ethical fitness; or
the estimation of Ore Reserves, the relevant B. a recommendation for membership by at
experience must be in the estimation, least two peers, and demonstrated prominence
assessment, evaluation and economic or expertise in the field of mineral exploration
extraction of Ore Reserves. or mining;
Modifying factors Technical parameters
Ore Mineral
“ore” implies technical feasibility and economic
viability that should only be attributed to
mineral reserves”.
THE JORC CODE 2012 EDITION https://www.thebalance.com/what-is-a-ni-43-
101-report-1979210
NATIONAL INSTRUMENT 43-101 STANDARDS
OF DISCLOSURE FOR MINERAL PROJECTS

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