Disclosure checks
No competent person statement
Every drilling, resource and cash-flow announcement is checked against what the ASX itself focuses on when it reviews exploration results. A flag is not an accusation - it's a question worth asking before you invest.
The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.
CMM: Quarterly Activities/Appendix 5B Cash Flow Report - 29 Oct 2026The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.
SFR: September 2026 Quarterly Report - 27 Oct 2026The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.
EVN: 2026 Investor Briefing Presentations - 15 Sep 2026The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.
PRU: PRU June 2026 Quarter Report - 30 Jul 2026What DrillScore checks
- Missing tables. A company reporting exploration results for a material project must include a drill-hole table (locations and intercepts) and sections 1 and 2 of JORC Table 1. JORC Table 1 explained
- Metal equivalents. The ASX's position is that equivalents aren't appropriate without metallurgical recovery information - with none given, it assumes 100% recovery. Metal equivalents explained
- Cherry-picking. Reporting only selected results breaches the JORC requirement for balanced reporting of low and high grades. DrillScore compares holes drilled with holes reported. Balanced reporting
- Visual estimates. The ASX discourages estimating mineralisation from visual inspection alone. Visual estimates
- Smearing. When one rich metre supplies most of a long interval's gram-metres. Smearing and the nugget effect
- Money. Fewer than 2 quarters of funding, or a raise that adds 15%+ more shares. Cash runway and raisings
General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.
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