(1) If the issuer is a venture issuer or an IPO venture issuer that has not had significant revenue from operations in either of its last two financial years, disclose a breakdown of material components of
(a) exploration and evaluation assets or expenditures,
(b) expensed research and development costs,
(c) intangible assets arising from development,
(d) general and administrative expenses, and
(e) any material costs, whether expensed or recognized as assets, not referred to in paragraphs (a) through (d).
(2) Present the analysis of exploration and evaluation assets or expenditures required by subsection (1) on a property-by-property basis, if the issuer’s business primarily involves mining exploration and development.
(3) Provide the disclosure in subsection (1) for the following periods:
(a) the two most recently completed financial years; and
(b) if the issuer is not providing disclosure in accordance with section 2.2.1 of Form 51-102F1, the most recent year-to-date interim period and the comparative year-to-date period presented in the interim financial report included in the prospectus, if any.
(4) Subsection (1) does not apply if the information required under that subsection has been disclosed in the financial statements included in the prospectus.