It is fairly well established by JORC members that various...

It is fairly well established by JORC members that various Canadian CIM guidelines will be adopted including specifications on Reasonable Prospect of Eventual Economic Extraction and higher standards of grades/confidence/competent persons: https://mrmr.cim.org/media/1129/cim-mrmr-bp-guidelines_2019.pdf



You can hear more about these issues from Steve Hunt, JORC Committee chair, and Roderick Carlson, JORC Committee ex-officio member here: https://www.amcconsultants.com/fundamental-principles-and-flexibility-for-the-future-the-new-jorc-code

The reality is that a lot of ASX companies' resources will be gutted like a fish because of geological, metallurgical, technical, legal, social or market factors which means it won't be possible to announce a huge resource that will never see the light of day.

More good info to read here:

https://www.ausimm.com/globalassets/downloads/jorc-competent-person---a-baseline-review-in-a-global-context-june-2022-final.pdf

https://www.jorc.org/docs/JORC_Summary_Paper_of_Key_Issues_and_Work_Plan.pdf