"JORC Code 2012 governs public reporting of mineral exploration results, resources and reserves"
JORC Code 2012 mandates Competent Person sign-off for public mineral resource statements by ASX-listed companies
Warrant (how it is justified) and consensus state / credence (where the community stands) are independent axes. The four warrant kinds are unordered peers — not a certainty ladder.
This is a human-established fact. It holds within AU as enacted by Joint Ore Reserves Committee (AusIMM, AIG, MCA).
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Answer
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The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012) is the minimum standard for public reporting by ASX-listed mining and exploration companies. It is incorporated into ASX Listing Rule 5.6 and requires reports be signed off by a named Competent Person with minimum five years of relevant experience. It classifies Mineral Resources as Inferred / Indicated / Measured and Ore Reserves as Probable / Proved based on geological confidence and modifying factors.
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