Delegates at the RIU Explorers Conference in Fremantle have been given a comprehensive overview of the forthcoming updates to the JORC Code, with a keynote presentation by Hamilton Locke Partner, Deanna Carpenter, outlining key changes that will impact mineral reporting in Australia.
The session provided insights into the structure and implications of the revised JORC Code, which remains the benchmark for public reporting of exploration results, mineral resources, and ore reserves.
With more than 150 companies presenting and over 2,000 delegates attending, the RIU Explorers Conference continues to be a premier event for the Australian resources sector, providing a critical forum for industry and regulatory discussions.
Key Changes to the JORC Code
The updated JORC Code introduces several significant amendments, including:
- Revised Structure & Format – A clearer structure aligning with the CRIRSCO Template, separating the JORC Code, Table 1, and Guidance Notes to allow for more frequent updates.
- Competent Person Requirements – A public CV of Record must be uploaded to the JORC website, along with mandatory online induction and disclosure of relevant experience.
- Reasonable Prospects Assessment – A shift from "eventual" to "reasonable prospects for economic extraction," requiring comprehensive justification of assumptions and the inclusion of ESG criteria.
- ESG Considerations – Enhanced reporting requirements for Environmental, Social, and Governance (ESG) factors, ensuring material ESG considerations are disclosed throughout a project's lifecycle.
- Risk & Reconciliation – New obligations for Competent Persons to disclose material risks and threats, as well as introduce reconciliation requirements for previously reported estimates.
Ms Carpenter emphasised that these updates reflect broad stakeholder engagement and an extensive consultation process.
"The revised JORC Code ensures ongoing transparency, ESG accountability, and alignment with global best practices in the resources sector," she said.
With compliance to ASX Listing Rules mandatory, exploration and mining companies must familiarise themselves with the revised Code to ensure a smooth transition and continued regulatory compliance.
About us:
About the 2025 RIU Explorers Conference
The RIU Explorers Conference is one of the largest junior exploration events in Australia with the 2025 line up the busiest yet featuring presentations from more than 100 resource companies, 150 exhibitors while over 2,000 conference delegates are expected to be in attendance.
Companies presenting and exhibiting will feature those exploring and/or mining for commodities ranging from precious metals (gold and silver), base metals (copper, nickel and zinc) through to battery metals (cobalt and lithium).
Contact details:
Chapter One Advisors
David Tasker / Colin Jacoby
M: +61 433 112 936 / +61 439 980 359
E: dtasker@chapteroneadvisors.com.au / cjacoby@chapteroneadsvisors.com.au
