Ann: Half Yearly Report and Accounts , page-12

fud, meaning of JORC

Joint Ore Reserves Committee

This is an industry body made up of various mining companies and some Government folks who have standardised the way that mineral explorers and mining companies explain how much ?reserves? or in the case of an exploration company, the size of what they have found.

By making all of them report their findings in the same manner, it tries to remove the bullshit in some of their announcements.