JORC is an internationally accepted standard of defining a mineral resource or an ore reserve which I s divided into catergories from least confidence (inferred resource) through to proved reserves. They accompany exploration and production targets and usually precede any feasibility studies.
Read more at the link hatmopit provided.
Hope that helps.
It's a pretty big thing for any company to release.
Shareholder invitation - BRB presenting at Resources Rising Stars Conference, page-8
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