In layman terms, it's a professional code of practice that sets...

In layman terms, it's a professional code of practice that sets out a minimum standard for reporting exploration results of a mineral resource/reserve. It's done by a competent person so there's no dodgy stuff. People like to see a JORC on an ore reserve to determine if a project is worthwhile investing in. JORC's are needed for scoping studies, attract investment etc and usually are upgraded later with more exploration. Usually, if you take the risk and are a shareholder before an excellent JORC is released, your holding can more than double on announcement, especially with microcaps. Then rise again with a positive Definitive Feasibility Study.