OZL mineral rights

Note 6, Property Plant and Equipment of the HY accounts shows Mineral Rights of $487.6m.

This likely relates to buying Carrapateena and Avanco.

I would classify this amount as an intangible, not a PPE, though of the sort that will be depreciated as the resources are depleted.

Would a mining accountant who knows better kindly enlighten me. I do not suggest this is improper accounting treatment, merely fuzzy.

Ash