I've been looking around for the whole "insufficient work" comment that is in the announcement - It seems that 043110 is correct, it is standard wording when there is no official JORC resource.
It appears to be a type of disclaimer.
An example of this below from Argosy:
Hope this puts some people's minds at ease as to the meaning of this.
Ann: Maiden Drilling Program Completed at Mt Ringwood-MOX.AX, page-23
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