The International Accounting Standards Board (IASB) is exploring whether to develop requirements or guidance to improve an entity’s disclosures about its exploration and evaluation expenditure and activities. The IASB is also exploring whether to remove the temporary status of IFRS 6 Exploration for and Evaluation of Mineral Resources.
The IASB is researching what information users of financial statements need about exploration and evaluation expenditure and activities, why they do not currently get that information, and the costs and benefits of requiring an entity to provide that information.
The IASB met on 27 July 2023 to discuss stakeholder feedback on suggested ways to improve disclosures about an entity’s exploration and evaluation expenditure and activities. These suggestions included making information available that might help users of financial statements:
The IASB was not asked to make any decisions.