Identify the Following Term(s)

question 55

Short Answer

Identify the following term(s).
-reconquest of Iberia

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Definitions:

Tangible E&E Assets

Tangible Exploration & Evaluation Assets; physical assets used in the exploration and evaluation of mineral resources.

Fair Value

The estimated market price at which an asset or liability could be bought or sold in a current transaction between willing parties.

AASB 6/IFRS 6

An accounting standard which applies to the exploration and evaluation expenditures incurred by an entity in its exploration for and evaluation of mineral resources.

Industry Specific

Pertaining to conditions or practices unique to a particular industry, trade, or field.