Extractive Industries

Date recorded:

The Board had an introductory education session on mineral and oil and gas reserves and resources, focussing on the factors influencing the estimation of reserves and resources and the major reserve reporting codes and classification systems used in the extractive industries.

The first presentation on Resource / Reserve Reporting Standards for Minerals was done via video link from Melbourne by Pat Stephenson, Member and past Chairman of Joint Ore Reserves Committee (JORC).

The other presentation on Resource and Reserve Classification and Reporting Standards for Oil and Gas was done by Duncan Frost, Member of The Society of Petroleum Engineers (SPE) Oil and Gas Reserves Committee.

No decisions were made.

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