An announcement under Listing Rule 3.1 must be accurate, complete and not misleading. ASX expects an announcement of visual mineralisation to contain the following information (which is consistent with the Best Practice note published by the Australian Institute of Geoscientists (AIG) and ASX Guidance Note 8- Example D):
1. describe the nature of mineral occurrence (e.g. massive, disseminated, in veins, forming veins or bands concordant or discordant with bedding or a penetrative foliation observable in the host rock); 2. identify the minerals observed; 3. estimate the abundances of any minerals observed (in the form of a table with an estimate of the abundances at each interval of the applicable hole or sample); and 4. state the anticipated timing for the release of assay results in respect of the visual estimates.
This is applicable to any visual estimate of mineralisation, including any photographs alluding to mineralisation which are contained in an announcement.
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