10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2017

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

COMMISSION FILE NUMBER 000-52391

ROYAL MINES AND MINERALS CORP.
(Exact name of registrant as specified in its charter)

NEVADA	20-4178322
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1080 Wigwam Pkwy.
Henderson, NV	89072
(Address of principal executive offices)	(Zip code)

(702) 588-5973
(Registrant's telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (s. 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]	Accelerated filer [ ]
Non-accelerated filer [ ] (Do not check if a smaller reporting company)	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of September 13, 2017, the Registrant had 245,199,204 shares of common stock outstanding.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2 of this chapter).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

[ ]

2

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2017 are not necessarily indicative of the results that can be expected for the year ending April 30, 2018.

As used in this Quarterly Report, the terms “we,” “us,” “our,” “Royal Mines,” and the “Company” mean Royal Mines And Minerals Corp., unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated.

3

ROYAL MINES AND MINERALS CORP.

CONDENSED BALANCE SHEETS

		July 31, 2017			April 30, 2017
		(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	2,975		$	12,087
Prepaid expenses		-			6,086
Total current assets		2,975			18,173
Non-current assets
Property and equipment, net		47,952			52,693
Other assets		7,655			7,655
Total non-current assets		55,607			60,348
Total assets	$	58,582		$	78,521
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	343,365		$	324,613
Accounts payable - related parties		445,705			446,258
Accrued interest		122,372			116,299
Accrued interest - related parties		350,598			316,861
Convertible loans payable		268,030			258,030
Convertible loans payable - related parties		204,000			128,000
Convertible notes payable		50,000			50,000
Total current liabilities		1,784,070			1,640,061
Convertible loans payable - related parties		1,149,000			1,149,000
Total non-current liabilities		1,149,000			1,149,000
Total liabilities		2,933,070			2,789,061
Commitments and contingencies
Stockholders' deficit
Preferred stock, $0.001 par value; 100,000,000 shares          authorized, zero shares issued and outstanding		-			-
Common stock, $0.001 par value; 900,000,000 shares          authorized, 245,199,204 shares issued and outstanding		245,199			245,199
Additional paid-in capital		16,614,280			16,614,280
Accumulated deficit		(19,733,967	)		(19,570,019	)
Total stockholders' deficit		(2,874,488	)		(2,710,540	)
Total liabilities and stockholders' deficit	$	58,582		$	78,521

See accompanying notes to these condensed unaudited financial statements.
F-1

ROYAL MINES AND MINERALS CORP.

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

		For the Three Months Ended July 31,
		2017			2016
Revenue	$	-		$	-
Operating expenses:
Mineral exploration and evaluation expenses		51,039			57,856
Mineral exploration and evaluation expenses - related parties		15,000			15,000
General and administrative		17,038			30,542
General and administrative - related parties		36,000			34,000
Depreciation and amortization		4,741			17,441
Total operating expenses		123,818			154,839
Loss from operations		(123,818	)		(154,839	)
Other expense:
Interest expense		(40,130	)		(31,156	)
Total other expense		(40,130	)		(31,156	)
Net loss	$	(163,948	)	$	(185,995	)
Other comprehensive gain:
Unrealized gain on marketable securities		-			4,248
Comprehensive (loss)	$	(163,948	)	$	(181,747	)
Net loss per common share - basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding - basic and diluted		245,199,204			228,793,634

See accompanying notes to these condensed unaudited financial statements.
F-2

ROYAL MINES AND MINERALS CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

		For the Three Months Ended July 31,
		2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(163,948	)	$	(185,995	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		4,741			17,441
Changes in operating assets and liabilities:
Prepaid expenses		6,086			-
Other current assets		-			(5,860	)
Accounts payable		18,752			(1,107	)
Accounts payable - related parties		(553	)		5,651
Accrued interest		6,073			6,073
Accrued interest - related parties		33,737			24,351
Net cash used in operating activities		(95,112	)		(139,446	)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from borrowings		10,000			-
Proceeds from borrowings - related parties		76,000			145,000
Net cash provided by financing activities		86,000			145,000
NET CHANGE IN CASH		(9,112	)		5,554
CASH AT BEGINNING OF PERIOD		12,087			60
CASH AT END OF PERIOD	$	2,975		$	5,614
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	$	189		$	-
Income taxes paid	$	-		$	-
NON-CASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on marketable securities	$	-		$	4,248

See accompanying notes to these condensed unaudited financial statements.
F-3

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

1.	DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
	Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.
	The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with U.S. GAAP. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2017 are not necessarily indicative of the results that can be expected for the year ending April 30, 2018.
	Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.
	History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.
	On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).
	On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.” (“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.
	Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.
	As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.

F-6

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with U.S. GAAP. The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management.

If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty.

As of July 31, 2017, the Company had cumulative net losses of $19,733,967 from operations since inception and had negative working capital of $1,781,095. For the three months ended July 31, 2017, the Company incurred a net loss of $163,948 and had net cash used in operating activities of $95,112. For the three months ended July 31, 2016 the Company incurred a net loss of $185,995 and had net cash used in operating activities of $139,446. The Company has not fully started its minerals processing operations, raising substantial doubt about its ability to continue as a going concern.

To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.

Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates.

Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses.

F-7

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense.

Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss, if events or circumstances indicate that their carrying amount might not be recoverable.

Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically.

Research and Development - All research and development expenditures are expensed as incurred.

Per Share Amounts - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities. Potentially dilutive shares, such as stock options and warrants, are excluded from the calculation when their inclusion would be anti-dilutive, such as when the exercise price of the instrument exceeds the fair market value of the Company’s common stock and when a net loss is reported. The dilutive effect of convertible debt securities is reflected in the diluted earnings (loss) per share calculation using the if-converted method. Conversion of the debt securities is not assumed for purposes of calculating diluted earnings (loss) per share if the effect is anti-dilutive. As of July 31, 2017, and 2016, stock options and warrants outstanding were 169,325,129 and 165,785,129, respectively, but were not considered in the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Income Taxes – For interim reporting periods, the Company uses the annualized effective tax rate (“AETR”) method to calculate its income tax provision. Under this method, the AETR is applied to the interim year-to-date pre-tax losses to determine the income tax benefit or expense for the year-to-date period. The income tax benefit or expense for a quarter represents the difference between the year-to-date income tax benefit or expense for the current year-to-date period less such amount for the immediately preceding year-to-date period. Management considers the impact of all known events in its estimation of the Company’s annual operating results and AETR.

The Company follows the liability method of accounting for income taxes. This method recognizes certain temporary differences between the financial reporting basis of liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset as measured by the statutory tax rates in effect. The effect of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all the deferred income tax asset will not be realized.

Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date, the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.

F-8

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

	ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.
	Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.
	In February 2016, the FASB issued Accounting Standard (“ASU”) 2016-02, “Leases,” which requires lessees to put most leases on their balance sheets, but recognize the expenses on their income statements in a manner like current practice. ASU 2016-02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The new standard is effective for annual periods beginning after December 15, 2018 and interim periods within those years. Early adoption is permitted. The standard will be effective for the Company beginning May 1, 2019. The Company is currently evaluating the impact to its condensed financial statements.
2.	SCOTTSDALE FACILITY AGREEMENT
	On April 16, 2014, the Company entered into a loan and joint venture agreement (the “Agreement”) with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor loaned the Company $150,000 convertible note (the “Principal”) and agreed to form a joint venture with the Company for constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. In addition, the Creditor was to advance $250,000 plus up to 15% for contingencies, a total of $287,500, to fund the initial construction and operation costs of the joint venture. The advances were not expected to be paid back to the Creditor. The Company received a total of $329,000 towards the joint venture and treated the funds as contributed capital, since in substance the Creditor secured future revenue of the Scottsdale facility operations with such funds.
	On September 23, 2016, the Company entered into an amended and restated loan and joint venture agreement (the “Amendment Agreement”) with the Creditor and Gregg Sedun (the “Consultant”). The Amendment Agreement replaces in its entirety the Agreement, between the Company and the Creditor.
	Under the terms of the Amendment Agreement, the Creditor has agreed to extend the Principal. The loan bears interest at a rate of 6% per annum, compounded annually and is due on demand. The Company settled the $329,000 joint venture advance in exchange for 15,065,570 shares of common stock of the Company, along with 1,400,000 of the Company’s common shares of Gainey Capital Corp.
	At any time prior to the Principal being paid back in full, the Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the Principal outstanding based on one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, the Creditor will forgive the interest that accrued on the converted portion of the Principal.

F-9

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

	If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) on any future profits received by the Company that are derived from the Company’s Technology on the basis of 1% of the Company’s net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.
	The Company also agreed that in circumstances where the Consultant introduces sub-licensees or joint venture partners (“Partnership Interest”) to the Company for the purpose of using the Company’s Technology, the Company shall pay 20% of the net cash proceeds received by the Company from the Partnership Interest to the Consultant. The Company is under no obligation to enter into an agreement or terminate any future agreement with any Partnership Interest
3.	PROPERTY AND EQUIPMENT
	Property and equipment consists of the following:

		As of			As of
		July 31, 2017			April 30, 2017
Process, lab and office equipment	$	406,316		$	406,316
Less: accumulated depreciation		(358,364	)		(353,623	)
	$	47,952		$	52,693

	Depreciation expense was $4,741 and $17,441 for the three months ended July 31, 2017 and 2016, respectively.
4.	ACCOUNTS PAYABLE - RELATED PARTIES
	As of July 31, 2017 and April 30, 2017, accounts payable – related parties of $445,705 and $446,258, respectively, mainly consisted of expenses paid by and consulting fees due to the CEO of the Company.
5.	CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST
	As of July 31, 2017 and April 30, 2017, convertible loans payable of $268,030 and $258,030, respectively, mainly consists of borrowings payable to unrelated third parties. Convertible loans were assessed for the beneficial conversion feature (“BCF”), but none. As of July 31, 2017 and April 30, 2017, accrued interest on these loans was $92,530 and $87,224, respectively.
	On April 16, 2014, the Company entered into a loan and joint venture agreement (the “Agreement”) with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor loaned the Company $150,000 convertible note (the “Principal”).
	On September 23, 2016, the Company entered into an amended and restated loan and joint venture agreement (the “Amendment Agreement”) with the Creditor and Gregg Sedun (the “Consultant”). The Amendment Agreement replaces in its entirety the Agreement, between the Company and the Creditor.
	The Creditor has agreed to extend the Principal. The loan bears interest at a rate of 6% per annum, compounded annually and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest on this loan was $33,092 and $30,792, respectively. Interest expense on this loan was $2,300 for the three months ended July 31, 2017 and 2016.
	The Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the Principal outstanding based on one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, the Creditor will forgive the interest that accrued on the converted portion of the Principal.

F-10

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

	If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) on any future profits received by the Company that are derived from the Company’s Technology based on 1% of the Company’s net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.
	A separate loan from another unrelated party bears 12% interest, is unsecured and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest on this loan was $59,438 and $56,432, respectively. Interest expense was $3,006 for the three months ended July 31, 2017 and 2016.
	The creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of their loan outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.
6.	CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES
	As of July 31, 2017 and April 30, 2017, convertible loans payable – related parties of $1,353,000 and $1,277,000, respectively, mainly consists of borrowings, directly and indirectly, from the CEO of the Company. Convertible loans – related parties were assessed for the beneficial conversion feature (“BCF”), but none. The balance bears 10% interest, is secured by the equipment in the Scottsdale plant and is due December 31, 2018. The creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the loan outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.
	As of July 31, 2017 and April 30, 2017, accrued interest – related party was $350,598 and $316,861, respectively. Related parties – interest expense was $33,737 and $24,351 for the three months ended July 31, 2017 and 2016, respectively.
7.	CONVERTIBLE NOTES PAYABLE
	As of July 31, 2017 and April 30, 2017, convertible notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison. Convertible notes payable was amended in the prior year and assessed for BCF, but none. The note payable bears 6% interest annually, is unsecured and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest was $29,842 and $29,075, respectively. Interest expense was $766 for the three months ended July 31, 2017 and 2016, respectively.
	The Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the note outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.
8.	COMMITMENTS AND CONTINGENCIES
	Lease obligations – The Company has operating leases for its corporate office, corporate housing and plant facilities. All operating leases are month-to-month. Future minimum lease payments under the operating leases as of July 31, 2017 are as follows:

Fiscal year ending April 30, 2018	$	6,486
Fiscal year ending April 30, 2019	$	-

F-11

ROYAL MINES AND MINERALS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JULY 31, 2017

(UNAUDITED)

Fiscal year ending April 30, 2020	$	-
Fiscal year ending April 30, 2021	$	-
Fiscal year ending April 30, 2022	$	-

	Lease expense was $19,458 and $20,883 for the three months ended July 31, 2017 and 2016, respectively.
	Legal proceedings – On May 1, 2015, the Company received an amended notice of civil claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract.
	On June 1, 2015, the Company filed a response to the Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit.
	On January 29, 2016, the Plaintiff filed a Notice of Application (the “Application”) in the Supreme Court of British Columbia, seeking an injunction to prohibit the distribution of shares of Gainey Capital Corp. held by the Company. A hearing took place on March 17, 2016. On June 16, 2016, the Application was dismissed against the Company.
	No other legal proceedings are pending, threatened or contemplated.
9.	STOCKHOLDERS’ EQUITY
	Common and Preferred Stock:
	As of July 31, 2017 and April 30, 2017, there were 245,199,204 shares of common stock outstanding and zero shares of preferred stock outstanding.
10.	STOCK OPTIONS AND WARRANTS
	As of July 31, 2017 and April 30, 2017, there were 34,300,000 stock options and 135,025,129 stock warrants outstanding and exercisable.
11.	RELATED PARTY TRANSACTIONS
	For the three months ended July 31, 2017 and 2016, the Company incurred $51,000 and $49,000, respectively, in consulting fees expense from companies with a common director or officer.
12.	SUBSEQUENT EVENTS
	None

F-12

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this Quarterly Report constitute "forward-looking statements.” These statements, identified by words such as “plan,” "anticipate," "believe," "estimate," "should," "expect" and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements reflect the current views of management with respect to future events and are subject to risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those described in the forward-looking statements. Such risks and uncertainties include those set forth under the caption "Part II – Item 1A. Risk Factors" and elsewhere in this Quarterly Report. We do not intend to update the forward-looking information to reflect actual results or changes in the factors affecting such forward-looking information. We advise you to carefully review the reports and documents, particularly our Annual Reports, Quarterly Reports and Current Reports, that we file from time to time with the United States Securities and Exchange Commission (the “SEC”).

OVERVIEW

We were incorporated on December 14, 2005 under the laws of the State of Nevada. Our primary objectives are to: (i) commercially and viably extract and refine precious metals from specific coal (fly and bottom) ash and other leachable assets; (ii) use our proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets; and (iii) joint venture, acquire and develop mineable projects in North America.

We are focusing our business on commercially processing specific coal ash through a process of mechanical attrition, chemical treatments and thermal sintering that exposes extractable gold (the “Cholla Process”) at our processing and refining plant located in Scottsdale, Arizona (the “Scottsdale Facility”). This process agglomerates metal atoms into larger nanoparticles, before forming bulk gold metal. Once in bulk gold metal, all traditional assay methods can effectively measure value.

We are actively seeking to enter into joint ventures with third parties who have legal rights to fly ash resources, including landfills. There is no assurance that we will be able to commercially extract precious metals from fly ash or other mineable ores using our Cholla process or that we will be able to enter into joint ventures for the exploration and development of additional mining projects.

RESULTS OF OPERATIONS

Three Months Summary
		Three Months Ended
		July 31, 2017			July 31, 2016		Percentage
							Increase / (Decrease)
Revenue	$	-		$	-		n/a
Operating Expenses		(123,818	)		(154,839	)	(20.0 )%
Interest Expense		(40,130	)		(31,156	)	28.8%
Net Loss	$	(163,948	)	$	(185,995	)	(11.9 )%

Revenues

We earned no revenues during the three months ended July 31, 2017 and 2016. We are currently in the development stage of our business. We can provide no assurances that we will be able to develop a commercially viable process or earn significant revenue from the processing of fly ash or other materials.

4

Expenses

The major components of our operating expenses for the three months ended July 31, 2017 and 2016 are outlined in the table below:

		Three Months Ended			Percentage
		July 31, 2017		July 31, 2016	Increase /
					(Decrease)
Mineral exploration and evaluation expenses	$	51,039	$	57,856	(11.8 )%
Mineral exploration and evaluation expenses – related parties		15,000		15,000	0.0%
General and administrative		17,038		30,542	(44.2 )%
General and administrative – related parties		36,000		34,000	5.9%
Depreciation		4,741		17,441	(72.8 )%
Total Expenses	$	123,818	$	154,839	(20.0 )%

Our operating expenses for the three months ended July 31, 2017 decreased as compared to the three months ended July 31, 2016. The decrease in our operating expenses primarily relates to the decrease in general and administrative expenses and depreciation expense.

Mineral exploration and evaluation expenses primarily consist of rent, consulting fees and labor expenses relating to the Scottsdale Facility.

Our general and administrative expenses primarily consist of: (i) monthly consulting fees to our Chief Financial Officer, Mr. Mitchell; (ii) legal and audit fees in connection with meeting our reporting requirements under the Exchange Act; and (iii) travel expense for our executives.

We anticipate that our operating expenses will increase significantly as we implement our plan of operation for our Scottsdale Facility.

LIQUIDITY AND CAPITAL RESOURCES

Working Capital
							Percentage
		At July 31, 2017			At April 30, 2017		Increase / (Decrease)
Current Assets	$	2,975		$	18,173		(83.6 )%
Current Liabilities		(1,784,070	)		(1,640,061	)	8.8%
Working Capital Deficit	$	(1,781,095	)	$	(1,621,888	)	9.8%

Cash Flows
		Three Months Ended
		July 31, 2017			July 31, 2016
Net Cash Used in Operating Activities	$	(95,112	)	$	(139,446	)
Net Cash Provided by Financing Activities		86,000			145,000
Net (Decrease) Increase in Cash During Period	$	(9,112	)	$	5,554

As at July 31, 2017, we had a working capital deficit of $1,781,095 as compared to a working capital deficit of $1,621,888 as at April 30, 2017. The increase in our working capital deficit is primarily due to an increase in convertible loans payable-related parties and accrued interest-related parties.

5

FINANCING REQUIREMENTS

Currently, we do not have sufficient financial resources to complete our plan of operation for the next twelve months. As such, our ability to complete our plan of operation is dependent upon our ability to obtain additional financing in the near term.

We anticipate continuing to rely on equity sales of our common shares to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned mining, development and exploration activities.

OFF-BALANCE SHEET ARRANGEMENTS

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

CRITICAL ACCOUNTING POLICIES

Our significant accounting policies are disclosed in Note 1 to our annual financial statements included in our Annual Report on Form 10-K for our fiscal year ended April 30, 2017, filed with the SEC on July 27, 2017.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

6

ITEM 4. CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of July 31, 2017 (the “Evaluation Date”). This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were deemed effective as of the Evaluation Date.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the fiscal quarter ended July 31, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

7

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

On May 1, 2015, the Company received an amended Notice of Civil Claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract.

On June 1, 2015, the Company filed a Response to Civil Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit.

On January 29, 2016, the Plaintiff filed a Notice of Application (the “Application”) in the Supreme Court of British Columbia, seeking an injunction to prohibit the distribution of shares of Gainey Capital Corp. held by the Company. A hearing took place on March 17, 2016. On June 16, 2016, the Application was dismissed against the Company.

ITEM 1A. RISK FACTORS.

The following are some of the important factors that could affect our financial performance or could cause actual results to differ materially from estimates contained in our forward-looking statements. We may encounter risks in addition to those described below. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, may also impair or adversely affect our business, financial condition or results of operation.

If we do not obtain additional financing, we may not be able to continue our operations at our Scottsdale Facility or enter into any potential joint venture or licensing agreements.

As of July 31, 2017, we had cash on hand of $2,975 and accumulated net loss of $19,733,967 since inception. Our plan of operation calls for significant expenses relating to the operation of our Scottsdale Facility and the entry of any potential joint ventures. If we are unable to raise sufficient financing, there is a substantial risk that we will be unable to meet payments of principal and interest to our creditors and pay our consultants and employees. In addition, we will require substantial financing to implement our plan of operation over the next twelve months. There is no assurance that this will satisfy all our working capital requirements for the next twelve months or that these funds will be sufficient to complete our planned development program.

Because we are a development stage company, we face a high risk of business failure.

We have earned minimal revenues from the processing of ore at our Phoenix and Scottsdale Facilities. Our primary business activities have involved the exploration and development on the Piute Valley Property and the commencement of operations at our Phoenix Facility and Scottsdale Facility. In August 2012, we did not pay the renewal fee on the Piute Valley Property and the BLM Claims, allowing those claims to lapse. In November 2012, we shut down our Phoenix Facility and we have no plans to continue that operation. Potential investors should be aware of the difficulties normally encountered by exploration and development stage companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of mineral properties. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates.

8

Because we anticipate our operating expenses will increase prior to our earning significant revenues, we may never achieve profitability.

We anticipate that we will incur increased operating expenses prior to realizing any significant revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from the operation of our Scottsdale Facility, we will not be able to earn profits or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we may not be able to ever generate any operating revenues or achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail.

Certain work to be performed at our facility may require us to apply for permits from federal, state or local regulatory bodies.

If our applications for permits from the relevant regulatory bodies are denied, we may not be able to proceed with our development programs as disclosed above, which could have a negative effect on our business.

If we are unable to hire and retain key personnel, we may not be able to implement our business plan and our business will fail.

Our success will largely depend on our ability to hire highly qualified personnel with experience in the geological field. These individuals may be in high demand and we may not be able to attract the staff we need. In addition, we may not be able to afford the high salaries and fees demanded by qualified personnel, or may lose such employees after they are hired. Our failure to hire key personnel when needed could have a significant negative effect on our business.

If we complete additional financings through the sale of shares of our common stock, our existing stockholders will experience dilution.

The most likely source of future financing presently available to us is through the issuance of our common stock. Issuing shares of our common stock, for financing purposes or otherwise, will dilute the interests of our existing stockholders.

Because our stock is a penny stock, stockholders will be more limited in their ability to sell their stock.

Our common stock is considered to be a “penny stock” since it does not qualify for one of the exemptions from the definition of “penny stock” under Section 3a51-1 of the Exchange Act. Our common stock is a “penny stock” because it meets one or more of the following conditions (i) the stock trades at a price less than $5.00 per share; (ii) it is not traded on a “recognized” national exchange; (iii) it is not quoted on the Nasdaq Stock Market, or even if so, has a price less than $5.00 per share; or (iv) is issued by a company that has been in business less than three years with net tangible assets less than $5 million.

The principal result or effect of being designated a “penny stock” is that securities broker-dealers participating in sales of our common stock will be subject to the “penny stock” regulations set forth in Rules 15-2 through 15g-9 promulgated under the Exchange Act. For example, Rule 15g-2 requires broker-dealers dealing in penny stocks to provide potential investors with a document disclosing the risks of penny stocks and to obtain a manually signed and dated written receipt of the document at least two business days before effecting any transaction in a penny stock for the investor's account. Moreover, Rule 15g-9 requires broker-dealers in penny stocks to approve the account of any investor for transactions in such stocks before selling any penny stock to that investor. This procedure requires the broker-dealer to (i) obtain from the investor information concerning his or her financial situation, investment experience and investment objectives; (ii) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker-dealer made the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor's financial situation, investment experience and investment objectives. Compliance with these requirements may make it more difficult and time consuming for holders of our common stock to resell their shares to third parties or to otherwise dispose of them in the market or otherwise.

9

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
None
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4.	MINE SAFETY DISCLOSURES.
None.
ITEM 5.	OTHER INFORMATION.
None.
ITEM 6.	EXHIBITS.
ITEM 7.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

Exhibit
Number	Description of Exhibits
2.1	Agreement and Plan of Merger dated September 24, 2007 among the Company, Royal Mines Acquisition Corp., Royal Mines Inc. and Kevin B. Epp.
2.2	Agreement and Plan of Merger dated October 6, 2007 between the Company and Royal Mines Acquisition Corp.
3.1	Articles of Incorporation.
3.2	Certificate of Change Pursuant to NRS 78.209 increasing the authorized capital of common stock to 300,000,000 shares, par value $0.001 per share.
3.3	Certificate of Amendment Pursuant increasing the authorized capital of common stock to 900,000,000 shares, par value $0.001 per share.
3.4	Bylaws.
3.5	Articles of Merger between the Company and Royal Mines Acquisition Corp.
4.1	Form of Share Certificate.
10.1	Technology and Asset Purchase Agreement dated April 2, 2007 among New Verde River Mining Co., Inc., Robert H. Gunnison and Royal Mines Inc.
10.2	Lease Agreement dated June 6, 2007 among McKendry Enterprises Inc., Profit Sharing Plan and Retirement Trust and Royal Mines Inc.
10.3	Management Consulting Agreement dated February 24, 2009 between the Company and Jason S. Mitchell.
10.4	First Amendment of Lease Agreement dated November 20, 2009 among McKendry Enterprises Inc., Profit Sharing Plan and Retirement Trust and Royal Mines Inc.
10.5	2011 Stock Incentive Plan.
10.6	Consulting Services Agreement dated February 1, 2012 between the Company and Alvin A. Snaper.
10.7	Agreement dated June 14, 2012 between the Company and Phoenix PMX LLC.
10.8	2013 Stock Incentive Plan.

10

Exhibit
Number	Description of Exhibits
10.9	Settlement and Security Release Agreement dated September 27, 2013 between the Company and Golden Anvil S.A. de C.V.
10.10	Form of Non-Qualified Option Agreement.
10.11	Convertible Loan Agreement dated April 16, 2014, between the Company and Bruce Matheson.
10.12	Loan and Joint Venture Agreement dated April 16, 2014, between the Company and GJS Capital Corp.
10.13	Letter of Intent dated for reference July 7, 2014, between the Company and Lafarge North America Inc.
10.14	Amended and Restated License Agreement dated August 20, 2014 between the Company and Alvin C. Johnson Jr.
10.15	Settlement Agreement dated October 22, 2014, between the Company and McKendry Enterprises, Inc. Profit Sharing Plan and Retirement Trust.
10.16	Amended and Restated License Agreement dated August 20, 2014 between the Company and Alvin C. Johnson Jr.
14.1	Code of Ethics.
31.1	Certification of Chief Executive Officer as adopted pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.
31.2	Certification of Chief Financial Officer as adopted pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.
32.1	Certification of Chief Executive Officer as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
32.2	Certification of Chief Financial Officer as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF	XBRL Taxonomy Extension Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.

11

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			ROYAL MINES AND MINERALS CORP.
Date:	September 13, 2017	By:	/s/ K. Ian Matheson
			K. IAN MATHESON
			Chief Executive Officer
			(Principal Executive Officer)
Date:	September 13, 2017	By:	/s/ Jason S. Mitchell
			JASON S. MITCHELL
			Chief Financial Officer
			(Principal Accounting Officer)

EX-31.1

CERTIFICATIONS

I, K. Ian Matheson, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Royal Mines And Minerals Corp.;
(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
(4)	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	September 13, 2017
	/s/ K. Ian Matheson
By:	K. Ian Matheson
Title:	Chief Executive Officer and President

EX-31.2

CERTIFICATIONS

I, Jason S. Mitchell, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Royal Mines And Minerals Corp.;
(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
(4)	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	September 13, 2017
	/s/ Jason S. Mitchell
By:	Jason S. Mitchell
Title:	Chief Financial Officer, Treasurer and Secretary

EX-32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, K. Ian Matheson, the Chief Executive Officer of Royal Mines And Minerals Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(i)	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended July 31, 2017, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ K. Ian Matheson
Name:	K. IAN MATHESON
Title:	Chief Executive Officer and President
Date:	September 13, 2017

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

This certification accompanies the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

EX-32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Jason S. Mitchell, the Chief Financial Officer of Royal Mines And Minerals Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(i)	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended July 31, 2017, and to which this certification is attached as Exhibit 32.2 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Jason S. Mitchell
Name:	JASON S. MITCHELL
Title:	Chief Financial Officer, Treasurer & Secretary
Date:	September 13, 2017

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

This certification accompanies the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

XML

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2017	Sep. 13, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2017
Trading Symbol	rymm
Entity Registrant Name	ROYAL MINES & MINERALS CORP
Entity Central Index Key	0001371424
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		245,199,204
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1

XML

CONDENSED BALANCE SHEETS - USD ($)	Jul. 31, 2017	Apr. 30, 2017
Current assets
Cash and cash equivalents	$ 2,975	$ 12,087
Prepaid expenses	0	6,086
Total current assets	2,975	18,173
Non-current assets
Property and equipment, net	47,952	52,693
Other assets	7,655	7,655
Total non-current assets	55,607	60,348
Total assets	58,582	78,521
Current liabilities
Accounts payable	343,365	324,613
Accounts payable - related parties	445,705	446,258
Accrued interest	122,372	116,299
Accrued interest - related parties	350,598	316,861
Convertible loans payable	268,030	258,030
Convertible loans payable - related parties	204,000	128,000
Convertible notes payable	50,000	50,000
Total current liabilities	1,784,070	1,640,061
Convertible loans payable - related parties	1,149,000	1,149,000
Total non-current liabilities	1,149,000	1,149,000
Total liabilities	2,933,070	2,789,061
Commitments and contingencies	0	0
Stockholders' deficit
Preferred stock, $0.001 par value; 100,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized, 245,199,204 shares issued and outstanding	245,199	245,199
Additional paid-in capital	16,614,280	16,614,280
Accumulated deficit	(19,733,967)	(19,570,019)
Total stockholders' deficit	(2,874,488)	(2,710,540)
Total liabilities and stockholders' deficit	$ 58,582	$ 78,521

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CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2017	Apr. 30, 2017
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	245,199,204	245,199,204
Common Stock, Shares, Outstanding	245,199,204	245,199,204

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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Revenue	$ 0	$ 0
Operating expenses:
Mineral exploration and evaluation expenses	51,039	57,856
Mineral exploration and evaluation expenses - related parties	15,000	15,000
General and administrative	17,038	30,542
General and administrative - related parties	36,000	34,000
Depreciation and amortization	4,741	17,441
Total operating expenses	123,818	154,839
Loss from operations	(123,818)	(154,839)
Other expense:
Interest expense	(40,130)	(31,156)
Total other expense	(40,130)	(31,156)
Net loss	(163,948)	(185,995)
Other comprehensive gain:
Unrealized gain on marketable securities	0	4,248
Comprehensive (loss)	$ (163,948)	$ (181,747)
Net loss per common share - basic and diluted	$ 0.00	$ 0.00
Weighted average common shares outstanding - basic and diluted	245,199,204	228,793,634

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (163,948)	$ (185,995)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,741	17,441
Changes in operating assets and liabilities:
Prepaid expenses	6,086	0
Other current assets	0	(5,860)
Accounts payable	18,752	(1,107)
Accounts payable - related parties	(553)	5,651
Accrued interest	6,073	6,073
Accrued interest - related parties	33,737	24,351
Net cash used in operating activities	(95,112)	(139,446)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from borrowings	10,000	0
Proceeds from borrowings - related parties	76,000	145,000
Net cash provided by financing activities	86,000	145,000
NET CHANGE IN CASH	(9,112)	5,554
CASH AT BEGINNING OF PERIOD	12,087	60
CASH AT END OF PERIOD	2,975	5,614
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	189	0
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on marketable securities	$ 0	$ 4,248

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DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES

3 Months Ended

Jul. 31, 2017

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES [Text Block]

1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES

Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with U.S. GAAP. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2017 are not necessarily indicative of the results that can be expected for the year ending April 30, 2018.

Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.

History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.

On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).

On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.” (“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.

Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.

As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.

Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with U.S. GAAP. The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management.

If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty.

As of July 31, 2017, the Company had cumulative net losses of $19,733,967 from operations since inception and had negative working capital of $1,781,095. For the three months ended July 31, 2017, the Company incurred a net loss of $163,948 and had net cash used in operating activities of $95,112. For the three months ended July 31, 2016 the Company incurred a net loss of $185,995 and had net cash used in operating activities of $139,446. The Company has not fully started its minerals processing operations, raising substantial doubt about its ability to continue as a going concern.

To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.

Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates.

Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses.

Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense.

Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable.

Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically.

Research and Development - All research and development expenditures are expensed as incurred.

Per Share Amounts - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities. Potentially dilutive shares, such as stock options and warrants, are excluded from the calculation when their inclusion would be anti-dilutive, such as when the exercise price of the instrument exceeds the fair market value of the Company’s common stock and when a net loss is reported. The dilutive effect of convertible debt securities is reflected in the diluted earnings (loss) per share calculation using the if-converted method. Conversion of the debt securities is not assumed for purposes of calculating diluted earnings (loss) per share if the effect is anti-dilutive. As of July 31, 2017, and 2016, stock options and warrants outstanding were 169,325,129 and 165,785,129, respectively, but were not considered in the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Income Taxes – For interim reporting periods, the Company uses the annualized effective tax rate (“AETR”) method to calculate its income tax provision. Under this method, the AETR is applied to the interim year-to-date pre-tax losses to determine the income tax benefit or expense for the year-to-date period. The income tax benefit or expense for a quarter represents the difference between the year-to-date income tax benefit or expense for the current year-to-date period less such amount for the immediately preceding year-to-date period. Management considers the impact of all known events in its estimation of the Company’s annual operating results and AETR.

The Company follows the liability method of accounting for income taxes. This method recognizes certain temporary differences between the financial reporting basis of liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset as measured by the statutory tax rates in effect. The effect of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all the deferred income tax asset will not be realized.

Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.

ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.

Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.

In February 2016, the FASB issued Accounting Standard (“ASU”) 2016-02, “Leases,” which requires lessees to put most leases on their balance sheets, but recognize the expenses on their income statements in a manner like current practice. ASU 2016-02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The new standard is effective for annual periods beginning after December 15, 2018 and interim periods within those years. Early adoption is permitted. The standard will be effective for the Company beginning May 1, 2019. The Company is currently evaluating the impact to its condensed financial statements.

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SCOTTSDALE FACILITY AGREEMENT

3 Months Ended

Jul. 31, 2017

SCOTTSDALE FACILITY AGREEMENT [Text Block]

2.	SCOTTSDALE FACILITY AGREEMENT
	On April 16, 2014, the Company entered into a loan and joint venture agreement (the “Agreement”) with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor loaned the Company $150,000 convertible note (the “Principal”) and agreed to form a joint venture with the Company for constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. In addition, the Creditor was to advance $250,000 plus up to 15% for contingencies, a total of $287,500, to fund the initial construction and operation costs of the joint venture. The advances were not expected to be paid back to the Creditor. The Company received a total of $329,000 towards the joint venture and treated the funds as contributed capital, since in substance the Creditor secured future revenue of the Scottsdale facility operations with such funds.
	On September 23, 2016, the Company entered into an amended and restated loan and joint venture agreement (the “Amendment Agreement”) with the Creditor and Gregg Sedun (the “Consultant”). The Amendment Agreement replaces in its entirety the Agreement, between the Company and the Creditor.
	Under the terms of the Amendment Agreement, the Creditor has agreed to extend the Principal. The loan bears interest at a rate of 6% per annum, compounded annually and is due on demand. The Company settled the $329,000 joint venture advance in exchange for 15,065,570 shares of common stock of the Company, along with 1,400,000 of the Company’s common shares of Gainey Capital Corp.
	At any time prior to the Principal being paid back in full, the Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the Principal outstanding based on one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, the Creditor will forgive the interest that accrued on the converted portion of the Principal.

If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) on any future profits received by the Company that are derived from the Company’s Technology on the basis of 1% of the Company’s net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.

The Company also agreed that in circumstances where the Consultant introduces sub-licensees or joint venture partners (“Partnership Interest”) to the Company for the purpose of using the Company’s Technology, the Company shall pay 20% of the net cash proceeds received by the Company from the Partnership Interest to the Consultant. The Company is under no obligation to enter into an agreement or terminate any future agreement with any Partnership Interest

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PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2017

PROPERTY AND EQUIPMENT [Text Block]

3.	PROPERTY AND EQUIPMENT
	Property and equipment consists of the following:

		As of			As of
		July 31, 2017			April 30, 2017
Process, lab and office equipment	$	406,316		$	406,316
Less: accumulated depreciation		(358,364	)		(353,623	)
	$	47,952		$	52,693

Depreciation expense was $4,741 and $17,441 for the three months ended July 31, 2017 and 2016, respectively.

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ACCOUNTS PAYABLE - RELATED PARTIES

3 Months Ended

Jul. 31, 2017

ACCOUNTS PAYABLE - RELATED PARTIES [Text Block]

4.	ACCOUNTS PAYABLE - RELATED PARTIES
	As of July 31, 2017 and April 30, 2017, accounts payable – related parties of $445,705 and $446,258, respectively, mainly consisted of expenses paid by and consulting fees due to the CEO of the Company.

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CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST

3 Months Ended

Jul. 31, 2017

CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST [Text Block]

5.	CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST
	As of July 31, 2017 and April 30, 2017, convertible loans payable of $268,030 and $258,030, respectively, mainly consists of borrowings payable to unrelated third parties. Convertible loans were assessed for the beneficial conversion feature (“BCF”), but none. As of July 31, 2017 and April 30, 2017, accrued interest on these loans was $92,530 and $87,224, respectively.
	On April 16, 2014, the Company entered into a loan and joint venture agreement (the “Agreement”) with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor loaned the Company $150,000 convertible note (the “Principal”).
	On September 23, 2016, the Company entered into an amended and restated loan and joint venture agreement (the “Amendment Agreement”) with the Creditor and Gregg Sedun (the “Consultant”). The Amendment Agreement replaces in its entirety the Agreement, between the Company and the Creditor.
	The Creditor has agreed to extend the Principal. The loan bears interest at a rate of 6% per annum, compounded annually and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest on this loan was $33,092 and $30,792, respectively. Interest expense on this loan was $2,300 for the three months ended July 31, 2017 and 2016.
	The Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the Principal outstanding based on one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, the Creditor will forgive the interest that accrued on the converted portion of the Principal.

If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) on any future profits received by the Company that are derived from the Company’s Technology based on 1% of the Company’s net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.

A separate loan from another unrelated party bears 12% interest, is unsecured and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest on this loan was $59,438 and $56,432, respectively. Interest expense was $3,006 for the three months ended July 31, 2017 and 2016.

The creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of their loan outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.

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CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES

3 Months Ended

Jul. 31, 2017

CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES [Text Block]

6.	CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES
	As of July 31, 2017 and April 30, 2017, convertible loans payable – related parties of $1,353,000 and $1,277,000, respectively, mainly consists of borrowings, directly and indirectly, from the CEO of the Company. Convertible loans – related parties were assessed for the beneficial conversion feature (“BCF”), but none. The balance bears 10% interest, is secured by the equipment in the Scottsdale plant and is due December 31, 2018. The creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the loan outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.
	As of July 31, 2017 and April 30, 2017, accrued interest – related party was $350,598 and $316,861, respectively. Related parties – interest expense was $33,737 and $24,351 for the three months ended July 31, 2017 and 2016, respectively.

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CONVERTIBLE NOTES PAYABLE

3 Months Ended

Jul. 31, 2017

CONVERTIBLE NOTES PAYABLE [Text Block]

7.	CONVERTIBLE NOTES PAYABLE
	As of July 31, 2017 and April 30, 2017, convertible notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison. Convertible notes payable was amended in the prior year and assessed for BCF, but none. The note payable bears 6% interest annually, is unsecured and is due on demand. As of July 31, 2017 and April 30, 2017, accrued interest was $29,842 and $29,075, respectively. Interest expense was $766 for the three months ended July 31, 2017 and 2016, respectively.
	The Creditor may elect to receive units (each a “Unit") of the Company in exchange for any portion of the note outstanding based on one Unit for each $0.05 of indebtedness converted. Each Unit consists of one share of the Company’s common stock and one warrant to purchase an additional share of the Company's common stock at a price of $0.10 per share for two years from the date of issuance.

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Jul. 31, 2017

COMMITMENTS AND CONTINGENCIES [Text Block]

8.	COMMITMENTS AND CONTINGENCIES
	Lease obligations – The Company has operating leases for its corporate office, corporate housing and plant facilities. All operating leases are month-to-month. Future minimum lease payments under the operating leases as of July 31, 2017 are as follows:

Fiscal year ending April 30, 2018	$	6,486
Fiscal year ending April 30, 2019	$	-
Fiscal year ending April 30, 2020	$	-
Fiscal year ending April 30, 2021	$	-
Fiscal year ending April 30, 2022	$	-

Lease expense was $19,458 and $20,883 for the three months ended July 31, 2017 and 2016, respectively.

Legal proceedings – On May 1, 2015, the Company received an amended notice of civil claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract.

On June 1, 2015, the Company filed a response to the Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit.

On January 29, 2016, the Plaintiff filed a Notice of Application (the “Application”) in the Supreme Court of British Columbia, seeking an injunction to prohibit the distribution of shares of Gainey Capital Corp. held by the Company. A hearing took place on March 17, 2016. On June 16, 2016, the Application was dismissed against the Company.

No other legal proceedings are pending, threatened or contemplated.

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STOCKHOLDERS EQUITY

3 Months Ended

Jul. 31, 2017

STOCKHOLDERS EQUITY [Text Block]

9.	STOCKHOLDERS’ EQUITY
	Common and Preferred Stock:
	As of July 31, 2017 and April 30, 2017, there were 245,199,204 shares of common stock outstanding and zero shares of preferred stock outstanding.

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STOCK OPTIONS AND WARRANTS

3 Months Ended

Jul. 31, 2017

STOCK OPTIONS AND WARRANTS [Text Block]

10.	STOCK OPTIONS AND WARRANTS
	As of July 31, 2017 and April 30, 2017, there were 34,300,000 stock options and 135,025,129 stock warrants outstanding and exercisable.

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RELATED PARTY TRANSACTIONS

3 Months Ended

Jul. 31, 2017

RELATED PARTY TRANSACTIONS [Text Block]

11.	RELATED PARTY TRANSACTIONS
	For the three months ended July 31, 2017 and 2016, the Company incurred $51,000 and $49,000, respectively, in consulting fees expense from companies with a common director or officer.

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SUBSEQUENT EVENTS

3 Months Ended

Jul. 31, 2017

SUBSEQUENT EVENTS [Text Block]

12.	SUBSEQUENT EVENTS
	None

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Jul. 31, 2017

Basis of Presentation [Policy Text Block]

Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with U.S. GAAP. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2017 are not necessarily indicative of the results that can be expected for the year ending April 30, 2018.

Description of Business [Policy Text Block]

Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.

History [Policy Text Block]

History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.

On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).

On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.” (“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.

Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.

As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.

Going Concern [Policy Text Block]

Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with U.S. GAAP. The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management.

If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty.

As of July 31, 2017, the Company had cumulative net losses of $19,733,967 from operations since inception and had negative working capital of $1,781,095. For the three months ended July 31, 2017, the Company incurred a net loss of $163,948 and had net cash used in operating activities of $95,112. For the three months ended July 31, 2016 the Company incurred a net loss of $185,995 and had net cash used in operating activities of $139,446. The Company has not fully started its minerals processing operations, raising substantial doubt about its ability to continue as a going concern.

To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.

Use of Estimates [Policy Text Block]

Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates.

Cash and Cash Equivalents [Policy Text Block]

Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.

Property and Equipment [Policy Text Block]

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses.

Mineral Exploration and Development Costs [Policy Text Block]

Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense.

Impairment of Long-Lived Assets [Policy Text Block]

Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable.

Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically.

Research and Development [Policy Text Block]

Research and Development - All research and development expenditures are expensed as incurred.

Per Share Amounts [Policy Text Block]

Per Share Amounts - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities. Potentially dilutive shares, such as stock options and warrants, are excluded from the calculation when their inclusion would be anti-dilutive, such as when the exercise price of the instrument exceeds the fair market value of the Company’s common stock and when a net loss is reported. The dilutive effect of convertible debt securities is reflected in the diluted earnings (loss) per share calculation using the if-converted method. Conversion of the debt securities is not assumed for purposes of calculating diluted earnings (loss) per share if the effect is anti-dilutive. As of July 31, 2017, and 2016, stock options and warrants outstanding were 169,325,129 and 165,785,129, respectively, but were not considered in the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Income Taxes [Policy Text Block]

Income Taxes – For interim reporting periods, the Company uses the annualized effective tax rate (“AETR”) method to calculate its income tax provision. Under this method, the AETR is applied to the interim year-to-date pre-tax losses to determine the income tax benefit or expense for the year-to-date period. The income tax benefit or expense for a quarter represents the difference between the year-to-date income tax benefit or expense for the current year-to-date period less such amount for the immediately preceding year-to-date period. Management considers the impact of all known events in its estimation of the Company’s annual operating results and AETR.

The Company follows the liability method of accounting for income taxes. This method recognizes certain temporary differences between the financial reporting basis of liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset as measured by the statutory tax rates in effect. The effect of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all the deferred income tax asset will not be realized.

Stock-Based Compensation [Policy Text Block]

Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.

ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.

Recent Accounting Standards [Policy Text Block]

Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.

In February 2016, the FASB issued Accounting Standard (“ASU”) 2016-02, “Leases,” which requires lessees to put most leases on their balance sheets, but recognize the expenses on their income statements in a manner like current practice. ASU 2016-02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The new standard is effective for annual periods beginning after December 15, 2018 and interim periods within those years. Early adoption is permitted. The standard will be effective for the Company beginning May 1, 2019. The Company is currently evaluating the impact to its condensed financial statements.

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PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Jul. 31, 2017

Schedule of Property, Plant and Equipment [Table Text Block]

		As of			As of
		July 31, 2017			April 30, 2017
Process, lab and office equipment	$	406,316		$	406,316
Less: accumulated depreciation		(358,364	)		(353,623	)
	$	47,952		$	52,693

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COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Jul. 31, 2017

Schedule of Lease Obligation [Table Text Block]

Fiscal year ending April 30, 2018	$	6,486
Fiscal year ending April 30, 2019	$	-
Fiscal year ending April 30, 2020	$	-
Fiscal year ending April 30, 2021	$	-
Fiscal year ending April 30, 2022	$	-

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DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) yr $ / shares shares
Description Of Business, History And Summary Of Significant Policies 1 | shares	32,183,326
Description Of Business, History And Summary Of Significant Policies 2 | shares	23,500,000
Description Of Business, History And Summary Of Significant Policies 3 | $ / shares	$ 0.001
Description Of Business, History And Summary Of Significant Policies 4	$ 23,500
Description Of Business, History And Summary Of Significant Policies 5	69.70%
Description Of Business, History And Summary Of Significant Policies 6	$ 19,733,967
Description Of Business, History And Summary Of Significant Policies 7	1,781,095
Description Of Business, History And Summary Of Significant Policies 8	163,948
Description Of Business, History And Summary Of Significant Policies 9	95,112
Description Of Business, History And Summary Of Significant Policies 10	185,995
Description Of Business, History And Summary Of Significant Policies 11	$ 139,446
Description Of Business, History And Summary Of Significant Policies 12	3
Description Of Business, History And Summary Of Significant Policies 13 | yr	10
Description Of Business, History And Summary Of Significant Policies 14	169,325,129
Description Of Business, History And Summary Of Significant Policies 15	165,785,129

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SCOTTSDALE FACILITY AGREEMENT (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) $ / shares shares
Scottsdale Facility Agreement 1	$ 150,000
Scottsdale Facility Agreement 2	$ 250,000
Scottsdale Facility Agreement 3	15.00%
Scottsdale Facility Agreement 4	$ 287,500
Scottsdale Facility Agreement 5	$ 329,000
Scottsdale Facility Agreement 6	6.00%
Scottsdale Facility Agreement 7	$ 329,000
Scottsdale Facility Agreement 8 | shares	15,065,570
Scottsdale Facility Agreement 9	1,400,000
Scottsdale Facility Agreement 10	$ 0.05
Scottsdale Facility Agreement 11 | $ / shares	$ 0.10
Scottsdale Facility Agreement 12	1.00%
Scottsdale Facility Agreement 13	$ 10,000
Scottsdale Facility Agreement 14	20.00%

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PROPERTY AND EQUIPMENT (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($)
Property And Equipment 1	$ 4,741
Property And Equipment 2	$ 17,441

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ACCOUNTS PAYABLE - RELATED PARTIES (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($)
Accounts Payable - Related Parties 1	$ 445,705
Accounts Payable - Related Parties 2	$ 446,258

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CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) $ / shares
Convertible Loans Payable And Accrued Interest 1	$ 268,030
Convertible Loans Payable And Accrued Interest 2	258,030
Convertible Loans Payable And Accrued Interest 3	92,530
Convertible Loans Payable And Accrued Interest 4	87,224
Convertible Loans Payable And Accrued Interest 5	$ 150,000
Convertible Loans Payable And Accrued Interest 6	6.00%
Convertible Loans Payable And Accrued Interest 7	$ 33,092
Convertible Loans Payable And Accrued Interest 8	30,792
Convertible Loans Payable And Accrued Interest 9	2,300
Convertible Loans Payable And Accrued Interest 10	$ 0.05
Convertible Loans Payable And Accrued Interest 11 | $ / shares	$ 0.10
Convertible Loans Payable And Accrued Interest 12	1.00%
Convertible Loans Payable And Accrued Interest 13	$ 10,000
Convertible Loans Payable And Accrued Interest 14	12.00%
Convertible Loans Payable And Accrued Interest 15	$ 59,438
Convertible Loans Payable And Accrued Interest 16	56,432
Convertible Loans Payable And Accrued Interest 17	3,006
Convertible Loans Payable And Accrued Interest 18	$ 0.05
Convertible Loans Payable And Accrued Interest 19 | $ / shares	$ 0.10

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CONVERTIBLE LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) $ / shares
Convertible Loans Payable And Accrued Interest Related Parties 1	$ 1,353,000
Convertible Loans Payable And Accrued Interest Related Parties 2	$ 1,277,000
Convertible Loans Payable And Accrued Interest Related Parties 3	10.00%
Convertible Loans Payable And Accrued Interest Related Parties 4	$ 0.05
Convertible Loans Payable And Accrued Interest Related Parties 5 | $ / shares	$ 0.10
Convertible Loans Payable And Accrued Interest Related Parties 6	$ 350,598
Convertible Loans Payable And Accrued Interest Related Parties 7	316,861
Convertible Loans Payable And Accrued Interest Related Parties 8	33,737
Convertible Loans Payable And Accrued Interest Related Parties 9	$ 24,351

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CONVERTIBLE NOTES PAYABLE (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) $ / shares
Convertible Notes Payable 1	$ 50,000
Convertible Notes Payable 2	6.00%
Convertible Notes Payable 3	$ 29,842
Convertible Notes Payable 4	29,075
Convertible Notes Payable 5	766
Convertible Notes Payable 6	$ 0.05
Convertible Notes Payable 7 | $ / shares	$ 0.10

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COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($) shares
Commitments And Contingencies 1	$ 19,458
Commitments And Contingencies 2	$ 20,883
Commitments And Contingencies 4 | shares	1,000,000

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STOCKHOLDERS EQUITY (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 shares
Stockholders Equity 1	245,199,204

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STOCK OPTIONS AND WARRANTS (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 shares
Stock Options And Warrants 1	34,300,000
Stock Options And Warrants 2	135,025,129

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RELATED PARTY TRANSACTIONS (Narrative) (Details)	3 Months Ended
	Jul. 31, 2017 USD ($)
Related Party Transactions 1	$ 51,000
Related Party Transactions 2	$ 49,000

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Schedule of Property, Plant and Equipment (Details)	3 Months Ended
	Jul. 31, 2017 USD ($)
Property And Equipment Schedule Of Property, Plant And Equipment 1	$ 406,316
Property And Equipment Schedule Of Property, Plant And Equipment 2	406,316
Property And Equipment Schedule Of Property, Plant And Equipment 3	(358,364)
Property And Equipment Schedule Of Property, Plant And Equipment 4	(353,623)
Property And Equipment Schedule Of Property, Plant And Equipment 5	47,952
Property And Equipment Schedule Of Property, Plant And Equipment 6	$ 52,693

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Schedule of Lease Obligation (Details)	3 Months Ended
	Jul. 31, 2017 USD ($)
Commitments And Contingencies Schedule Of Lease Obligation 1	$ 6,486
Commitments And Contingencies Schedule Of Lease Obligation 2	0
Commitments And Contingencies Schedule Of Lease Obligation 3	0
Commitments And Contingencies Schedule Of Lease Obligation 4	0
Commitments And Contingencies Schedule Of Lease Obligation 5	$ 0