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The valuation methodology used to assign a value to a mineral asset depends upon how advanced the asset is, and what information is available to the valuer. However, all valuation methodologies have one factor in common: the opinion of the valuer. The valuation of a mineral asset therefore includes subjective…
The biggest benefit for investors with the implementation of JORC 2012 will be a substantial increase in the information provided in Public Reports (such as those released to ASX). This will assist the investor or advisor to better understand the asset being reported upon. The biggest risk for investors is…
Tennant Creek is located 504 km north of Alice Springs and 978 km south of Darwin. It lies near an important crossroad in Northern Australia: the intersection of the Stuart and Barkly Highways. The Stuart is the only highway in central Australia that connects the north and south coasts. The…
Civilization exists by geological consent, subject to change without notice. Will Durant With their four-dimensional minds, and their interdisciplinary ultra-verbal way, geologists can wriggle out of almost anything. John McPhee We learn geology the morning after the earthquake. Ralph Waldo Emerson We live in a society exquisitely…
The JORC (“Joint Ore Reserves Committee”) Code, in effect, defines standards and guidelines for public reports on geological matters, such as those issued by listed companies to ASX. The Code primarily covers reporting of Exploration Results, Exploration Targets (read more here), Mineral Resources and Ore Reserves. It also covers other,…
Earlier this week ZYL announced an update to the Mbila resource. Total JORC-compliant Resources at Mbila now stand at 125 million tonnes of anthracite. The main advance since the last resource statement, in November 2012, is that Measured and Indicated Resources have increased from 39% to 70% of the total…