Appendix A Defined terms
This appendix is an integral part of the IFRS.
"exploration and evaluation assets" |
Exploration and evaluation expenditures recognised as assets in accordance with the entity's accounting policy. |
"exploration and evaluation expenditures" |
Expenditures incurred by an entity in connection with the exploration for and evaluation of mineral resources before the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. |
"exploration for and evaluation of mineral resources" |
The search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and commercial viability of extracting the mineral resource. |