Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASX-listed ABC Mining has recently completed an updated Ore Reserve estimate for the company's flagship base metal project in South Australia (a significant project). The

ASX-listed ABC Mining has recently completed an updated Ore Reserve estimate for the company's flagship base metal project in South Australia (a significant project). The update has resulted in a material change in the estimated tonnage and grade of the Ore Reserve. The Ore Reserve was estimated by a Competent Person and classified in the Probable and Proved categories. ABC has previously reported the Mineral Resources that underpin the Ore Reserves, and Exploration Results on which the Mineral Resource estimate is based, to the market in accordance with the JORC Code (2012). Is ABC required to attach a JORC Table 1 to the Public Report when it discloses the updated Ore Reserves? If not, why not? If yes, which sections are required and how would these be included?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

YesABC Mining is required to attach a JORC Table 1 to the Public Report when it discloses the updated Ore Reserves for its flagship base metal project... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

More Books

Students also viewed these Accounting questions

Question

Compute Paasches index for 2013 using 2000 as the baseperiod.

Answered: 1 week ago

Question

Determine a value index for 2013 using 2000 as the baseperiod.

Answered: 1 week ago