BC24 ED 6 paragraph 7 listed examples of expenditures related to the exploration for and evaluation of mineral resources that might be included in the cost of an exploration and evaluation asset. ED 6 paragraph 8 listed expenditures that could not be recognised as an exploration and evaluation asset. Respondents expressed a desire for greater clarity with respect to these paragraphs and more examples of types of expenditures that would be included or excluded.

BC25 In the light of the responses, the Board decided to redraft the guidance to state that the list is not exhaustive and that the items noted are examples of expenditures that might, but need not always, satisfy the definition of exploration and evaluation expenditure. In addition, the Board noted that IFRSs require that expenditures should be treated consistently for comparable activities and between reporting periods. Any change in what is deemed to be an expenditure qualifying for recognition as an exploration and evaluation asset should be treated as a change in an accounting policy accounted for in accordance with IAS 8. Pending the comprehensive review of accounting for extractive activities, the Board does not think that it is feasible to define what expenditures should be included or excluded.

BC26 ED 6 paragraph 8 proposed to prohibit expenditure related to the development of a mineral resource from being recognised as an exploration and evaluation asset. Respondents expressed difficulty identifying expenditures on 'development'. The Board did not define 'development of a mineral resource' because this is beyond the scope of the IFRS.