If there is 'ore' not in the block model - this is not a fault with the JORC Code - this is a fault with the company's (CDU) sampling regime - i.e. if it was unknown - this is because the company has not sampled it - not because of the JORC Code.
The usual approach in this scenario would be for CDU to restate their JORC reserves and resources to take account of the extensions to the known mineralisation
So it is not an issue with JORC - it a function of CDU not sampling this area in the first place - if it was sampled - then it would be in the historic resource.
So the real question to be asked - is if this 'new' mineralisation is material - then why is CDU not restating the JORC resource to take account of this.
As it doesn't take a genius to work out - if there is material amounts of new DSO - then this would have a significant positive impact on the company valuation and benefit all shareholders.
CDU Price at posting:
$1.84 Sentiment: Sell Disclosure: Not Held