Do you have a passion for best practice in public reporting of exploration results, mineral resources and ore reserves? Expressions of interest are sought from Fellows and Members for a vacancy on the Joint Ore Reserves Committee (JORC).
AIG has four representatives on the JORC Committee, responsible for representing the interests of AIG’s membership and, collaboratively contributing to the ongoing development of the JORC Code and education dealing with its application. Other committee members are drawn from the committee’s two other parent bodies, the Australasian Institute of Mining and Metallurgy (AusIMM) and MInerals Council of Australia (MCA). The Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC) and Association of Mining and Exploration Companies (AMEC) are also represented on the committee.
All public statements of exploration results, mineral resources and ore reserves made by ASX- and NZSX-listed companies, and all exploration reports submitted to New Zealand Petroleum and Minerals must be prepared by a Competent Person and comply with the minimum requirements set out by the JORC Code. Compliance with the JORC Code is required of all AIG members in compliance with AIG’s Code of Ethics.
A planned update of the JORC Code has commenced. A range of issues including competence required to be demonstrated by Competent Persons and the need to ensure that inherent risks revealed by the evaluation of exploration and resource evaluation projects at all stages of development are expected to feature in the update. The update will feature an extensive stakeholder consultation project, the results of which will be analysed by committee members in recommending improvements to the code.
Expressions of interest are sought from AIG Fellows and Members able to commit to actively participating in the JORC Code update and subsequent stakeholder information and education work. Interested members should provide a covering letter outlining their interest in participating in the JORC Committee’s work, and a brief curriculum vitae outlining their relevant experience. Interested members should be able to act as a Competent Person, as defined by the 2012 edition of the code.
Expressions of interest are also sought from Graduate Members and Members to help to support the revision of the Code, which is expected to provide a great opportunity to gain experience in the development of important professional practices and policies.
Expressions of interest should be submitted to AIG’s Executive Officer, Lynn Vigar, by email prior to 28 August 2020. Expressions of interest will be considered by the AIG Board which will recommend an applicant for confirmation by the other two JORC parent bodies, ideally at the commitee’s September meeting.
The vacancy has been created by the resignation of Dr Jacqui Coombes (MAIG) from the committee. Dr Coombes has been a strong advocate for exploration and mining geoscientists in her role as an AIG representative, with a very sound knowledge of the needs of investors and regulators interested in the content and standard of public announcements relating to exploration and mining projects.
Sincere thanks are extended to Dr Coombes for her valued service to our profession.