JORC Update – November 2022

JORC would like to provide an update on the current status of the Code review.

JORC is continuing to actively engage with the market operator (ASX) and regulator (ASIC). Discussions related to specific aspects of the draft Code are progressing, to ensure alignment between all parties, before engaging with wider stakeholder groups.

In parallel the Parent Bodies Joint Taskforce review of the Competent Person framework is underway and continuing, with updates to members provided by the AusIMM and AIG.

As a result of this ongoing engagement process and cognisant of the December – January holiday season, wider engagement and distribution of the draft revised Code will be delayed.

JORC remains committed to ensuring all stakeholders have the opportunity to review and comment on the draft, and as such, will be providing a 3-month period for comment. JORC will provide further details on this early 2023.