Exposure Draft (ED) 86, Exploration for and Evaluation of Mineral Resources

The International Public Sector Accounting Standards Board (IPSASB) ED 86 proposes a standard on accounting for the costs incurred in the exploration and evaluation of mineral resources, based on the selection of an accounting policy specifying which expenditure should be recognised as exploration and evaluation assets. ED 86 is aligned with the private sector requirements in IFRS 6, Exploration for and Evaluation of Mineral Resources, with limited changes for the public sector context. 

Accessing the Exposure Draft

IPSASB ED 86: Exploration for and Evaluation of Mineral Resources 

You may also want to read the IPSASB’s At a Glance document of the Exposure Draft Proposal. 

How to provide feedback

Please submit your feedback directly to the IPSASB by 31 May 2024. Additionally, we encourage you to also send a copy of your submission to accounting@xrb.govt.nz.