Ann: Additional Information - Underground Resource, page-5

15. Does an Exploration Target in a Public Report require a Competent Person statement?

Yes. Clause 17 of the JORC Code 2012 expressly states that a Public Report that includes an Exploration Target must be accompanied by a Competent Person statement taking responsibility for the form and context in which the Exploration Target appears.

I guess we should be thankful that Lachlan and Paul aren't paying a lawyer to ensure they don't make the odd mistake in things like this.

Prevention is very expensive and the cure is a two minute job. Letting the compliance police at ASX bring you up to speed is a low cost compliance plan.

I notice he who handles the truth badly doesn't realise that a Managing Directors roll is implementing the boards Strategic Plan. He should also realise that honesty is the best policy particularly for off the plan salesmen.