What does JORC compliant mean and why is it important? The Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code) is widely accepted as a standard for professional reporting purposes. Since 1992 it has been incorporated in the Listing Rules of the Australian and New Zealand Stock Exchanges, making compliance mandatory for listed public companies in Australia and New Zealand . The JORC Code provides minimum standards for public reporting to ensure that investors and their advisers have all the information they would reasonably require for forming a reliable opinion on the results and estimates being reported. Although Hybrid Energy Australia is not currently listed on the Australian Securities Exchange, it follows the JORC Code reporting requirements.
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