All ASX listed companies must comply with the JORC Code. The...

All ASX listed companies must comply with the JORC Code. The code covers exploration but also moving from mineral resources to ore reserves. That movement requires an economic study (SS, PFS, BFS etc) in accordance to VALMIN Code.

This doesn’t keen that. Company has to progress up through the different JORC levels, it just means that whatever level they choose that if they announce it then it must be JORC Code compliant.

So their drill results are announced under compliance with JORC Code but they don’t want to spend excessive dollars on close spaced drilling just to announce a JOarC Resource 

Saying they have never released a JORC is a nonsensical thing to say. JORC stands for Joint Ore Reserve Committee.

You can release exploration results, you can release an exploration target, or a Measured, Indicated or Inferred resource or upgrade that to either a Proven or Probable ore reserve.

Read the JORC Code and the ASX listing rules and then return to the forum to discuss the more important issue around the best balance of drilling costs to gold distribution confidence.