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{{this}} specifies some aspects of the financial reporting for costs incurred for exploration for and evaluation of mineral resources (for example, minerals, oil, natural gas and similar non-regenerative resources), as well as the costs of determination of the technical feasibility and commercial viability of extracting the mineral resources.

{{this}}:
* Permits an entity to develop an accounting policy for exploration and evaluation assets without specifically considering the requirements of paragraphs 11–12 of [[Link::t:IAS08]]. Thus, an entity adopting {{this}} may continue to use the accounting policies applied immediately before adopting {{this}}.
* Requires entities recognizing exploration and evaluation assets to perform an impairment test on those assets when facts and circumstances suggest that the carrying amount of the assets may exceed their recoverable amount.
* Varies the recognition of impairment from that in [[Link::t:IAS36]] but measures the impairment in accordance with that Standard once the impairment is identified.

{{this}} is Copyright: [https://IFRS.org IFRS Foundation]
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[[Category:Term]][[Category:Finance]]
{{Object
|name=IFRS 6 Mineral Resources Exploration & Evaluation
|parent=t:IFRS
|sort=00006
|level=1
|keywords=IFRS, Standard, Financial, Reporting, GAAP, Minerals, Oil, Gas, Exploration, Evaluation, Energy, EO&G
|description=IFRS 6 specifies some aspects of the financial reporting for costs incurred for exploration for and evaluation of mineral resources
}}

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