Congratulations to CSA Global Principal Geologist, Dr Andrew Scogings, Principal Consultant, Ivy Chen and Manager-Corporate, Graham Jeffress on their recent co-authored paper, “Reporting industrial minerals exploration results according to the JORC Code” which features in the Australian Institute of Geoscientists Journal, September 2017.
Industrial minerals such as graphite are minerals and rocks mined and processed mainly for the value of their physical properties. They are commonly classified according to a diverse range of specifications, including chemical urity, mineralogy, particle size distribution, and density. The requirements for publicly reporting the outcomes of exploration activities remain underpinned by the requirements of the JORC Code and the listing rules of the Australian Securities Exchange (ASX).
This paper examines the reporting of industrial mineral exploration results in general, with an emphasis on considerations that should be applied to the reporting of flake graphite results.
Industrial minerals including graphite, and more recently lithium minerals, have become the focus of attention for listed exploration and mining companies. This is mainly due to developments in rechargeable battery technologies, driven by growing demand from the emerging electric vehicle market and solar storage sectors.
Consequently, the race has been on to acquire tenure, report larger exploration targets and resources, and to tell the market why one’s project has merits above and beyond competitor projects. Additionally, the need to differentiate and stand out from the crowd, to attract investment is a strong driver for many projects reliant on equity funding.
In Australia, publicly listed companies are required to adhere to the Australian Corporations Act, the listing rules of the Australian Stock Exchange (or other relevant exchanges), and the JORC Code, when releasing public reports on matters relating to Mineral Resources and Ore Reserves. Additionally, members of the JORC parent professional organisations, the AIG and AusIMM, are bound by their respective Codes of Ethics to adhere to the requirements of the JORC Code, when preparing public reports.
The authors note that review is for information purposes only and does not specifically constitute the option of either CSA Global, nor the JORC and VALMIN Committees.
ABOUT THE AUTHORS
Dr Andrew Scogings
PhD (Geology), MAIG, MAusIMM, RPGeo (Industrial Minerals)
Dr Scogings is a geologist with more than 25 years’ experience in industrial minerals exploration, product development and sales management. Andrew has published several papers on the requirements of the JORC Code 2012, with specific reference to Clause 49. He is a regular contributor to Industrial Minerals Magazine and has written articles about QA/QC, bulk density methods and petrography for industrial minerals exploration, in addition to co-authoring several papers that ranked global graphite exploration projects. He was recently senior author of two significant reviews: Natural Graphite Report – strategic outlook to 2020 and Drilling grade barite – Supply, Demand & Markets published in 2015 by Industrial Minerals Research (UK). Andrew is a Registered Professional Geoscientist (RP Geo. Industrial Minerals) with the Australian Institute of Geoscientists.
BAppSc (Geology), MAusIMM, GAICD
Ivy is a corporate governance specialist with more than 28 years’ experience in mining and resource estimation. She served as the national geology and mining adviser for the Australian Securities and Investments Commission (ASIC) from 2009–2015 and is currently Principal Consultant at CSA Global. Ivy’s experience in the mining industry in Australia and China, as an operations and consulting geologist includes open pit and underground mines for gold, manganese and chromite. As a consulting geologist she has conducted mineral project evaluation, strategy development and implementation, through to senior corporate management roles. Ivy joined the VALMIN committee in 2015.
BSc (Hons) Applied Geology, RPGeo, FAIG, FAusIMM, FSEG, MGSA
Graham is a geologist with more than 28 years’ experience in exploration and management in Australia, PNG and Indonesia. His broad experience across the mining sector underpins CSA Global’s specialist technical corporate services. He is responsible for a coordinating a vast pool of high calibre specialists in Australia and internationally. His role on the Joint Ore Reserves Committee (JORC) ensures he is very well informed in key regulatory matters. Graham manages small and large projects with our clients throughout Africa, the Middle East, Asia, Europe, the Americas, and Australasia. He works collaboratively with our international offices to ensure we get the right skill set for each role, which can be anything from initial high-level fatal flaw checks through comprehensive due diligence to independent technical reporting and valuation of large multiple project mining operations.