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II. JORC Code matters

JORC compliance
In excess of one third of all ASX Limited ("ASX") listed companies are mining and exploration entities. ASX monitors all announcements made by listed entities and has during the December 2007 quarter identified a number of JORC Code (PDF 335KB) compliance reporting issues that ASX believes would be assisted by ASX providing further guidance to companies.

These issues include:

1. Reporting of "in situ" values
2. Reporting historical or non-JORC compliant estimates
3. Competent Person statement
4. Reporting exploration targets
5. Lack of drill hole information
6. Combining categories of resources and reserves
7. Incorrect use of reserves or resources to describe results






http://www.asx.com.au/resources/newsletters/companies_update/archive/CompaniesUpdate_20080318_0308_HTML.htm