General comments / chat, page-7

What you are saying is generally correct, but there are a couple of issues with NI43-101.

for general exploration reporting, the JORC requirements are stronger than the Canadians.
If you look at the old Millrock releases, they are very short on detail. No hole locations, plans or sections.
They usually refer back to pictures on to their website instead.
Once the website is changed you lose the data.
If you got to SEDAR, you have the same problem.

ASX announcements are standalone and are required to have all the relevant information in one document.

When it comes to reporting of resources, there is no prescribed format for ASX announcements, but they are still required to have all the relevant information for someone to make an investment decision.
You cant base a new resource on drilling results that have not yet been released without providing all the information on them as well.

In Canada, companies can put out a summary announcement with a headline resource number and then have a period of time to release the full technical report (NI43-101) depending on which province they are in (Ontario, BC etc).
If the technical report doesn’t stack up, the company has a period of time to fix the problem or they will be suspended. (Check out Barkerville gold mines).
The problem is the stock can trade between the first announcement and the technical report, including Directors.

I like our system better