CTHRepealedLegislation
AASB 6 - Exploration for and Evaluation of Mineral Resources - December 2004
Reclassification of exploration and evalReclassification of exploration and evaluation assets
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Reclassification of exploration and evaluation assets
17 An exploration and evaluation asset shall no longer be classified as such when the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. Exploration and evaluation assets shall be assessed for impairment, and any impairment loss recognised, before reclassification.