Key facts
Code summary
Code 0722
Official title Mining of precious metals
Version PSIC 2019
Source layer PSA / BSP
Section B - Mining and Quarrying
Mn
PSIC 2019 Navigation-first hub Class 0722 - Mining of precious metals
PSIC Class 0722 covers Mining of precious metals. Current child subclasses include Gold Ore Mining and Silver Ore Mining. This four-digit layer is useful when comparing neighboring activities before landing on the...
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Child codes
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Nearby codes
About this level
Practical summary
Class 0722 sits in the PSIC 2019 hierarchy under B Mining and Quarrying > 07 Mining of Metal Ores > 072 Mining of non-ferrous metal ores. This class usually fans out into more specific subclasses such as Gold Ore Mining and Silver Ore Mining. It is the level people use when they already know the activity family but still need the exact five-digit match.
Administrative context
Where this code is used
This class is used when a business can already narrow the activity family and only needs to compare the final subclasses such as Gold Ore Mining and Silver Ore Mining. It is the level most often checked before a five-digit decision is finalized.
Selection note
How to choose it
Use this class to choose between its final subclasses such as Gold Ore Mining and Silver Ore Mining. If two options look close, compare the exact activity, the outputs and the way the business actually earns revenue.
Official note
Source-backed description
This class covers the mining of precious metals such as gold, silver, platinum and other precious metals. This also includes activities processing of to remove non- metallic parts.
FAQ
What does PSIC Class 0722 cover?
PSIC Class 0722 is the four-digit layer that sits just above the final subclasses and usually defines the activity family for Mining of precious metals.
How do I compare Class 0722 with the sibling classes?
Read the neighboring classes and compare the exact wording of the child subclasses. Nearby options include 0721 Mining of uranium and thorium ores and 0729 Mining of other non-ferrous metal ores.
Why does Class 0722 matter for a filing decision?
It is usually the last broad checkpoint before the five-digit subclass choice, so it is the right place to catch near-miss classifications.