Australasian Joint Ore Reserves Committee

Name

Australasian Joint Ore Reserves Committee

Legal name

Australasian Joint Ore Reserves Committee

Website

https://jorc.org

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Carlton South

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels4 records

Marketing channels6 records

Core offering

The Australasian Joint Ore Reserves Committee (JORC) develops and maintains the JORC Code, a professional code of practice that sets minimum standards for the public reporting of minerals Exploration Results, Mineral Resources, and Ore Reserves in Australasia. The Code provides a mandatory classification system based on levels of confidence in geological knowledge and technical/economic considerations, and defines qualification requirements (Competent Person framework) for professionals who prepare and consent to such reports.

Product overview

The Australasian Joint Ore Reserves Committee (JORC) offers the JORC Code as its primary product—a principles-based professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves in Australasia. The JORC Code is mandatory for companies listed on ASX and NZX and is incorporated into their Listing Rules. Supporting products include the Competent Person Framework (defining who can prepare public reports), Table 1 Documentation Templates (checklists for reporting compliance), and related Coal Resources estimation guidelines. The organization is currently undergoing a comprehensive review of the 2012 Edition, with a draft 2024 version released for public consultation.

Differentiator

Problem solved

Functional benefit

Products and services

• JORC Code (Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) The Australasian Joint Ore Reserves Committee's professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources, and Ore Reserves. It provides a mandatory classification system based on levels of confidence in geological knowledge and technical and economic considerations. Mandatory for all ASX and NZX-listed mining and exploration companies.
• Competent Person Framework Framework defining the qualifications and experience required for Competent Persons who prepare and supervise estimation of Exploration Results, Mineral Resources, and Ore Reserves. Requires membership in The AusIMM, AIG, or a Recognised Professional Organisation plus a minimum of five years of relevant experience.
• Table 1 Documentation Template Reporting template provided to assist Competent Persons in developing Public Reports against Table 1 of the JORC Code on an 'if not, why not' basis, covering criteria for Exploration Results, Mineral Resources, and Ore Reserves.
• Competent Person's Consent Form Written consent statement form required under ASX Listing Rules 5.6, 5.22, and 5.24 and Clause 9 of the JORC Code 2012 Edition, used by Competent Persons to formally consent to public reports on Exploration Results, Mineral Resources, and Ore Reserves.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• CRIRSCO (Committee for Mineral Reserves International Reporting Standards)coreStrategic or Co-development PartnerJORC is an active member of CRIRSCO and works closely with the committee to ensure international consistency in the development of reporting standards and promotion of best practice. CRIRSCO standard definitions for Mineral Resources, Ore Reserves, and classifications were adopted in the 2012 JORC Code.
• The Minerals Council of Australia (MCA)coreStrategic or Co-development PartnerOne of three JORC parent bodies, providing sponsorship and representation on the JORC Committee. MCA represents the Australian mining industry and was instrumental in JORC's founding in response to the Poseidon nickel boom.
• The Australasian Institute of Mining and Metallurgy (The AusIMM)coreStrategic or Co-development PartnerOne of three JORC parent bodies and representation on the JORC Committee. The AusIMM provides the Chartered Professional Program and is a key professional association for Competent Persons.
• Australian Institute of Geoscientists (AIG)coreStrategic or Co-development PartnerOne of three JORC parent bodies (joined in 1992) and representation on the JORC Committee. AIG is a key professional association for geologists who may serve as Competent Persons.
• Australian Securities Exchange (ASX)coreStrategic or Co-development PartnerASX incorporates the JORC Code in its Listing Rules (Chapter 5, Appendix 5A) and is represented on the JORC Committee. ASX released parallel consultation documents alongside JORC during the 2012 Code review and is involved in the current Code update process.
• Australian Securities and Investments Commission (ASIC)coreStrategic or Co-development PartnerASIC collaborates with JORC on interpretation guidance for the application of the JORC Code and ASX Listing Rules. ASIC is involved in the current JORC Code review process to ensure alignment with regulatory requirements.
• Financial Services Institute of Australasia (FinSIA)minorOthersFinSIA is represented on the JORC Committee, bringing expertise in financial services and investment analysis relevant to public reporting of mineral resources and reserves.
• Association of Mining and Exploration Companies (AMEC)minorOthersAMEC serves as an observer on the JORC Committee, providing perspective from mining and exploration companies.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Others

• PDAC (Prospectors & Developers Association of Canada): Major international mining industry association with close ties to NI 43-101 and Canadian reporting standards. Adjacent comparable as an industry convener whose stakeholder base overlaps significantly with JORC's regulated community.

Direct peers

• SAMREC (South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves): South African national reporting code, part of SAMCODES suite. Direct peer as a CRIRSCO-aligned national standard that JORC served as a template for during its development.
• PERC (Pan-European Reserves and Resources Reporting Committee): Pan-European mineral reporting standard aligned with CRIRSCO. Direct peer as a CRIRSCO member organization providing parallel mandatory/voluntary reporting framework for European-listed mining entities.
• UNECE (United Nations Economic Commission for Europe): Developer of the United Nations Framework Classification (UNFC) for Resources. Comparable as an international standards-setting body operating in the same mineral/energy resource classification space with CRIRSCO coordination.
• CIM (Canadian Institute of Mining, Metallurgy and Petroleum): Custodian of NI 43-101, the Canadian equivalent mandatory reporting standard. Operates with similar governance model (industry/professional bodies) and classifies Mineral Resources and Reserves along comparable confidence frameworks.
• CRIRSCO (Committee for Mineral Reserves International Reporting Standards): International umbrella body coordinating national reporting codes including JORC. Directly comparable as it sets cross-jurisdictional mineral reporting templates and classification standards that JORC adopted in its 2012 Code.

Broad incumbents

• AusIMM (Australasian Institute of Mining and Metallurgy): One of three JORC parent bodies delivering the Chartered Professional Program for Competent Persons. Comparable as a professional institute that administers qualifications feeding the JORC reporting ecosystem.
• AIG (Australian Institute of Geoscientists): JORC's third parent body and recognized professional organization for geoscientist Competent Persons. Comparable as a membership body whose credentials underpin JORC's Competent Person framework.
• SME (Society for Mining, Metallurgy & Exploration): Major US-based professional mining society involved in resource reporting standards (via SEC Industry Guide 7 context). Comparable as an industry/professional organization that anchors mining reporting competency in its region.
• MCA (Minerals Council of Australia): JORC parent body representing Australia's mining industry. Comparable as an industry association that co-sponsors JORC and historically drove its formation in response to the Poseidon nickel boom reporting failures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/australasian-joint-ore-reserves-committee

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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