MRA 2026 White Paper

Supporting continuous improvement in minerals reporting

Minerals Reporting Australia (MRA) is convening a year‑long, consultation‑led process to develop a White Paper that supports the ongoing evolution of minerals reporting in Australia.

MRA will bring together perspectives from regulators, exchanges, professional bodies, industry participants, and investors to explore how minerals reporting is operating in practice and how outcomes for markets and investors can continue to improve.

This work is focused on strengthening:

Investor confidence and decision‑useful disclosure
Market integrity and comparability of outcomes
Governance, professional judgement, and accountability
Australia’s standing as a trusted resources jurisdiction

Why this work is underway

Australia’s minerals reporting framework is internationally respected. It has been shaped over many years through the collective efforts of regulators, exchanges, professional bodies, industry, and the investment community.

At the same time, capital markets continue to evolve. Project development pathways are changing. Investor expectations are rising. Reporting codes are being updated. And regulatory commentary has highlighted areas where technical compliance does not always translate into clear, balanced, and decision‑useful information for investors.

MRA’s White Paper process is designed to provide a system‑level perspective on these developments and to support informed, constructive discussion about how minerals reporting can continue to serve its core purpose in modern capital markets.

What the White Paper will cover

The White Paper will examine minerals reporting as a system, rather than focusing on individual rules or codes in isolation. It will consider how the following elements interact in practice:

Regulatory expectations and continuous disclosure obligations
Reporting codes, including the JORC Code and related frameworks
Governance arrangements and board oversight
Professional competency and the exercise of judgement
Investor information needs, particularly at key project transition points

Key themes being explored include:

The difference between technical compliance and decision‑useful disclosure
Investor risk during transitions from exploration to development and early production
Consistency and comparability of reported outcomes
The limits of disclosure and warnings as investor‑protection tools
The growing importance of governance quality and professional judgement
The risk of reporting frameworks being applied as compliance checklists rather than communication tools

The White Paper is not intended to replace, amend, or reinterpret existing reporting codes, listing rules, or legislation. Its purpose is to complement existing frameworks by supporting their effective application in practice.

MRA’s role

MRA acts as a neutral convenor in the minerals reporting ecosystem.

We do not act as a regulator, a code custodian, or a representative body. Our role is to:

Convene informed, respectful discussion across the ecosystem
Bring together diverse perspectives
Highlight areas of alignment, tension, and opportunity
Contribute system‑level insight informed by evidence and experience
Support continuous improvement in how minerals reporting operates in practice

This work sits alongside the efforts of regulators, exchanges, professional bodies, industry associations, and market participants, recognising their complementary roles and responsibilities.

How the White Paper will be developed

Throughout 2026, MRA will:

Convene structured discussions with members
Engage with stakeholders across the reporting ecosystem
Analyse regulatory and market signals
Test ideas progressively
Incorporate diverse viewpoints

The white paper will evolve iteratively rather than being developed as a fixed or predetermined proposal.

What success looks like

From MRA’s perspective, success will be reflected in:

Constructive engagement across the minerals reporting ecosystem
Recognition of the White Paper as a credible and collaborative contribution
Voluntary adoption of principles in practice
Improved clarity and consistency of disclosure, particularly at project transition points
Continued confidence in Australia’s reputation for high‑quality minerals reporting

Indicative Timeline

Monthly consultation & discovery (2026)

From February to August 2026, MRA will convene structured monthly discussions across the minerals reporting ecosystem to explore system-level issues, share experience, and test ideas.

Insights will be documented progressively to inform the White Paper.

The September Seminar

In September 2026, MRA will host a seminar to bring together insights from the consultation process, explore areas of alignment and difference, and shape the structure and focus of the White Paper.

White Paper publication

From October 2026 to January 2027, MRA will consolidate findings and publish the 2026 White Paper as a reference document to support continuous improvement in minerals reporting..

Get involved

MRA welcomes participation from across the minerals reporting ecosystem, including:

Regulators and exchanges
Professional bodies and industry associations
Company directors, Company Secreatries, and management
Competent Persons and technical professionals
Investors and advisers

If you would like to contribute to discussions, receive updates, or participate in the consultation process, please contact MRA or register your interest below.