JORC Code for Dummies, LOL New book in the series.Reporting of...

JORC Code for Dummies, LOL New book in the series.


Reporting of Ore Reserves
29. An ‘Ore Reserve’ is the economically mineable part of a Measured and/or Indicated Mineral
Resource. It includes diluting materials and allowances for losses, which may occur when the
material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as
appropriate that include application of Modifying Factors. Such studies demonstrate that, at the
time of reporting, extraction could reasonably be justified.
The reference point at which Reserves are defined, usually the point where the ore is delivered
to the processing plant, must be stated. It is important that, in all situations where the reference
point is different, such as for a saleable product, a clarifying statement is included to ensure that
the reader is fully informed as to what is being reported.