Written by: Barbora Choi on Mon May 26
IFRS 6 Exploration for and Evaluation of Mineral Resources
Accounting for exploration & evaluation expenditures, exploration & evaluation assets and the disclosures.
“Explore, but know your limits.” Mitta Xinindlu.
The scarcity, and strategic importance of natural resources made headlines in the past months:
🔹 The minerals deal between the US and Ukraine,
🔹 Greenland as largely unexplored natural reserve territory,
🔹 China`s dominance in rare earths used as a leverage in tariff negotiations.
This is a quick and compact refresher on IFRS 6 Exploration for and Evaluation of Mineral Resources.
