Question

5. AASB 6 divides extractive industry operations into five phases. These are: Select one: a. exploitation,...

5. AASB 6 divides extractive industry operations into five phases. These are: Select one:

a. exploitation, feasibility, establishment, commissioning and manufacturing.

b. identification, valuation, development, construction and production.

c. exploration, assessment, research, development and production.

d. exploration, evaluation, development, construction and production.

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Answer #1
AASB 6 divides extractive industry operations into five phases. These are: exploration, evaluation, development, construction and production.
Exploration involves searching for natural resources.
Evaluation involves determining the technical feasibility
Development involves creation of assets to access natural resources.
Construction involves establishment of facilities
Production involves creating saleable product.
Option d is correct
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