Scope
3
An entity shall apply the Standard to exploration and evaluation expenditures that it incurs.
4
The Standard does not address other aspects of accounting by entities engaged in the exploration for and evaluation of mineral resources.
5
An entity shall not apply the Standard to expenditures incurred:
(a) before the exploration for and evaluation of mineral resources, such as expenditures incurred before the entity has obtained the legal rights to explore a specific area.
(b) after the technical feasibility and commercial viability of extracting a mineral resource are demonstrable.