CTO of CRML, banned from the AusIMM after Unsupported claims on mineral deposit viability and violations in industrial minerals reporting
The AusIMM has formally determined that Critical Metals Corp. ($CRML) CTO George Karageorge violated multiple JORC Code provisions, resulting in a permanent membership ban for making unsupported claims and failing to meet professional reporting standards.
The Australasian Institute of Mining and Metallurgy is the industry's ethics and standards body for mining professionals.
Karageorge breached multiple JORC Code provisions and AusIMM Code of Ethics clauses, specifically:
- Lack of transparency and undisclosed conflicts
- Failure to document material information
- Unsupported claims on "reasonable prospects for eventual economic extraction"
- Violations in industrial minerals reporting
As CTO, Karageorge is responsible for CRML's technical reporting integrity—the foundation of reserve estimates, viability assessments, and investor disclosures on the Greenland project.
CRML has remained silent on the AusIMM determination.
This has escalated - regulators have been formally notified of these violations.
Updates will follow as the case progresses.
Source: https://www.ausimm.com/news-and-media/ausimm-news/public-statement--ethics-committee-determination/