As a business owner in the mineral resources sector, particularly as a landholder, it is essential to be meticulous and experienced so that all data and planning remain fully under your control — not influenced by other parties who may attempt to intervene in your operations.
To properly analyze mineral resources, you will need support from professional Geologists in executing a sequence of activities, including collecting administrative documents related to the area, verifying land ownership legality, planning observation points or geological stations through remote sensing methods for specific maps, estimating project duration and cost, conducting detailed mapping, implementing exploration through drilling and sampling, performing laboratory sample analysis to understand mineral quality within your site, as well as evaluating and reconstructing geological conditions, and analyzing the volume of mineral resources within your land.
It is important to note that exploration activities must be carried out in accordance with The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2004 edition). This standard serves as the principal reference, containing the core principles that govern the operation and application of the JORC Code: transparency, materiality, and competence.Transparency requires that report readers are presented with sufficient information, clearly delivered and unambiguous, so the report is understood correctly and is not misleading.Materiality requires that the report contains all relevant information reasonably expected by authorities, investors, and their professional advisors for accurate and balanced decision-making regarding exploration results, mineral resources, and reported mineral reserves.Competence requires that the report is based on the work of responsible, qualified, and experienced professionals, in accordance with established rules and ethical standards.
