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<div> 1. NATURE OF OPERATIONS AND GOING CONCERN <div> <div> Platinum Group Metals Ltd. (the "Company") is a British Columbia, Canada company formed by amalgamation on February 18, 2002. The Company's shares are publicly listed on the Toronto Stock Exchange in Canada and the NYSE American, LLC ("NYSE American") in the United States of America. The Company is a development stage company conducting work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa. Key metals of economic interest on the Company's mineral properties include platinum, palladium, rhodium, gold, copper, and nickel. The Company's head office and principal place of business is located at Suite 838-1100 Melville Street, Vancouver, British Columbia, Canada, V6E 4A6. The Company's registered and records office is located at Suite 2300, 550 Burrard Street, Vancouver, British Columbia, Canada V6C 2B5. These financial statements consolidate the accounts of the Company and its subsidiaries. Lion Battery Technologies Inc. ("Lion") is accounted for using the equity method as the Company jointly controls Lion despite owning a majority of Lion's shares. The Company's subsidiaries and joint ventures as at August 31, 2024 are as follows: <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:39.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);text-align:justify"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);text-align:justify;white-space:nowrap"> </td> <td rowspan="2" style="width:13.68%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Place of incorporation and operation</td> <td colspan="2" style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Proportion of ownership interest</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Principal activity</td> <td style="width:15.2%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2024</td> <td style="width:13.68%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2023</td> </tr> <tr> <td style="width:39.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:justify"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:15.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Platinum Group Metals (RSA) (Pty) Ltd. </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">100.00%</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">100.00%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Mnombo Wethu Consultants (Pty) Limited(1)</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:10.1pt;padding-left:5.75pt;vertical-align:top;text-align:center">49.90%</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">49.90%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Waterberg JV Resources (Pty) Ltd.(1),(2)</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;background-color:#e6efff;text-align:center">37.19%</td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">37.05%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Lion Battery Technologies Inc.</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Research</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Canada</td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;text-align:center">52.08%</td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;text-align:center">52.30%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> These consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will be able to meet its obligations and continue its operations for at least the next twelve months. At August 31, 2024 the Company had working capital of $3,324 and a cash balance of $3,701. During the year ended August 31, 2024 the Company incurred a total comprehensive loss of $1,985 and cash outflows from operating activities of $2,432. Subsequent to August 31, 2024, on November 13, 2024, the Company filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission. Management believes it will be required to source additional financing by way of private or public offerings of equity to meet the Company’s obligations and continue operations for at least the next twelve months. These conditions indicate the existence of material uncertainties that raise substantial doubt upon the Company’s ability to continue as a going concern. The continued operations of the Company and the recoverability of the amounts shown for mineral properties is dependent upon the ability of the Company to obtain the necessary financing to complete the development of the Waterberg Projects and bring them to future profitable production. The Company does not generate cash flows from operations to fund its activities and therefore relies principally on the issuance of securities for financing. Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. Should the Company be unable to continue as a going concern, the financial position, results of operations, and cash flows reported in these financial statements may be subject to material adjustments. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. </div> </div> </div> </div>

<table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:39.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);text-align:justify"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);text-align:justify;white-space:nowrap"> </td> <td rowspan="2" style="width:13.68%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Place of incorporation and operation</td> <td colspan="2" style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Proportion of ownership interest</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Principal activity</td> <td style="width:15.2%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2024</td> <td style="width:13.68%;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-right:5.4pt;padding-left:5.4pt;border-top:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2023</td> </tr> <tr> <td style="width:39.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:justify"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:15.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);text-align:center"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Platinum Group Metals (RSA) (Pty) Ltd. </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">100.00%</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">100.00%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Mnombo Wethu Consultants (Pty) Limited(1)</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:10.1pt;padding-left:5.75pt;vertical-align:top;text-align:center">49.90%</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">49.90%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Waterberg JV Resources (Pty) Ltd.(1),(2)</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">Development</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">South Africa</td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;background-color:#e6efff;text-align:center">37.19%</td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:center">37.05%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Lion Battery Technologies Inc.</td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Research</td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center">Canada</td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;text-align:center">52.08%</td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;text-align:center">52.30%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000"> </td> <td style="width:18.24%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:13.68%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:15.2%;padding-right:5.65pt;padding-left:5.75pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> <td style="width:13.68%;padding-left:5.4pt;vertical-align:top;text-align:center;border-bottom:1.5pt solid #000000"> </td> </tr> </table>

0.499

0.3719

0.3705

0.5208

0.523

3324000

3701000

-1985000

-2432000

<div> <div> <div> <div> 2. BASIS OF PRESENTATION AND MATERIAL ACCOUNTING POLICIES </div> <div> <div> <div> These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards”). Material Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. The Company has consistently applied the accounting policies used in the preparation of its IFRS financial statements throughout all years presented. </div> <div> <div> <div> a. Consolidation The consolidated financial statements include include thoseassets, liabilities, equity, income and expenses of the Company and its subsidiaries, joint ventures and structured entities that it controls, using uniform accounting policies. Control exists when the Company has (i) power over the investee, (ii) exposure, or rights, to variable returns from its involvement with the investee, and (iii) the ability to use its power to affect its returns. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Company's equity. Subsidiaries are all entities over which the Company has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases. </div> <div></div> <div> Inter-company transactions, balances and unrealized gains on transactions between group companies are eliminated on consolidation. </div> </div> </div> <div> <div> <div> b. Translation of foreign currencies </div> </div> <div style="margin-bottom:0pt"> Functional currency Items included in the financial statements of the Company and each of the Company's subsidiaries and equity accounted investees are measured using the currency of the primary economic environment in which the entity operates (the functional currency) as follows: <div style="margin-left:24pt"> <table border="0" cellpadding="0" cellspacing="0" style="width:100%"> <tr> <td style="width:35%">Platinum Group Metals Ltd.</td> <td style="width:50%">Canadian Dollars</td> </tr> <tr> <td style="width:35%">Lion Battery Technologies Inc.</td> <td style="width:50%">United States Dollars</td> </tr> <tr> <td style="width:35%">Platinum Group Metals (RSA) (Pty) Ltd.</td> <td style="width:50%">South African Rand</td> </tr> <tr> <td style="width:35%">Mnombo Wethu Consultants (Pty) Limited </td> <td style="width:50%">South African Rand</td> </tr> <tr> <td style="width:35%">Waterberg JV Resources (Pty) Ltd</td> <td style="width:50%">South African Rand</td> </tr> </table> </div> Presentation Currency The Company's presentation currency is the United States Dollar ("USD"). Foreign Exchange Rates Used The following exchange rates were used when preparing these consolidated financial statements: <div style="margin-left:24pt"> <div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%"> <tr> <td style="text-align:left"> Rand/USD </td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">R17.7676(2023 R18.8507)</td> </tr> <tr> <td style="text-align:left;white-space:nowrap;width:9%">Year average rate:</td> <td style="width:91%">R18.6496 (2023 R18.0700)</td> </tr> <tr> <td style="text-align:left"> </td> </tr> <tr> <td style="text-align:left">CAD/USD</td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">C$1.3491 (2023 C$1.3531)</td> </tr> <tr> <td style="text-align:left;width:9%">Year average rate:</td> <td style="width:91%">C$1.3608 (2023 C$1.3469)</td> </tr> </table> </div> </div> Transactions and balances Foreign currency transactions are translated into the relevant entity's functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the income statement. Subsidiaries The results and financial position of subsidiaries that have a functional currency different from the presentation currency are translated into the presentation currency as follows: <ul style="padding-left:0pt;list-style-type:disc"> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">assets and liabilities are translated at the closing rate at the reporting date;</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">income and expenses are translated at average exchange rates for the year; and</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">all resulting exchange differences are recognized in other comprehensive income as cumulative translation adjustments.</li> </ul> </div> </div> <div> <div> c. Joint Arrangements The Company treats its investment in Lion as a joint venture. A joint venture is a joint arrangement whereby the parties that have joint control have rights to the net assets. Joint ventures are accounted for using the equity method of accounting. </div> </div> <div></div> <div> <div> d. Change in ownership interests The Company treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interest in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration received is recognized in a separate line in deficit. </div> <div> e. Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property, plant and equipment includes the purchase price or construction cost, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located, and for qualifying assets, the associated borrowing costs. Where an item of property, plant and equipment is comprised of major components with different useful lives, the components are accounted for as separate items of property, plant, and equipment. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal, retirement or scrapping of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. Capital assets are recorded at cost and are depreciated on a straight-line basis over the following periods: <div style="margin-left:300pt"> <table cellpadding="0" cellspacing="0" style="width:65%"> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Leasehold Improvements</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;width:25%">Computer Equipment and software</td> <td style="white-space:nowrap;text-align:left;width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Furniture and Fixtures</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">5-10 years</td> </tr> <tr> <td style="text-align:left;width:25%">Office Lease</td> <td style="text-align:left;width:25%">5 years lease term</td> </tr> </table> </div> </div> </div> <div> <div> <div> <div> f. Exploration and Evaluation Assets & Mineral Properties i) Exploration and Evaluation Assets Exploration expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with acquiring the rights to explore, prospecting, sampling, mapping, diamond drilling and other work involved in searching for Mineral Resources, as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Evaluation expenditures are costs incurred to establish the feasibility and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Evaluation expenditures include the cost of: (i) further defining the volume and grade of deposits through drilling of core samples, trenching and sampling activities in an ore body; (ii) determining the optimal methods of extraction and metallurgical and treatment processes; (iii) studies related to surveying, transportation and infrastructure requirements; (iv) permitting activities; and (v) economic evaluations to determine whether development of mineralized material is commercially justified including preliminary economic assessments, pre-feasibility and final feasibility studies. Exploration and evaluation expenditures are capitalized until it has been determined that a property is technically feasible and commercially viable. Before reclassification to mineral properties (see below) an impairment test is conducted on the capitalized costs. (ii) Mineral properties After the impairment test, the carrying value of the exploration and evaluation asset is reclassified as a mineral property. All costs, including pre-operating costs are capitalized until the point that the mineral property is capable of operating as intended. This is determined by: (i) completion of operational commissioning of major mine and plant components; (ii) operating results being achieved consistently for a period of time; (iii) indicators that these operating results will be continued; and (iv) other factors being present, including one or more of the following: a significant portion of the plant/mill capacity being achieved; a significant portion of available funding being directed towards operating activities; a predetermined, reasonable period of time being passed; or significant milestones for the development of the mineral property being achieved. </div> <div></div> <div> Once the mineral property is capable of operating as intended, further operating costs, including depreciation, depletion and amortization, are included within inventory as incurred. </div> </div> <div> <div> g. Impairment Property, plant and equipment and mineral properties are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company conducts internal reviews of asset values which are used to assess for any indications of impairment. Internal and external factors such as significant changes in the use of the asset, commodity prices, foreign exchange rates, mineral reserve and resource quantities, discount rates and the Company’s market capitalization are used by management in determining whether there are any indicators. If any such indication exists an estimate of the recoverable amount is undertaken, being the higher of an asset's fair value less costs to sell and its value in use. If the asset's carrying amount exceeds its recoverable amount, then an impairment loss is recognized. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm's length transaction between knowledgeable and willing parties. Fair value of mineral assets is generally determined as the present value of the estimated future cash flows expected to arise from the use of the asset, including any expansion prospects. Value in use is determined as the present value of the estimated future cash flows expected to arise from the continued use of the asset in its present form and from its ultimate disposal. </div> <div> h. Asset retirement obligations Provisions for asset retirement obligations are made in respect of the estimated future costs of closure and restoration and for environmental rehabilitation costs (which include the dismantling and demolition of infrastructure, removal of residual materials and remediation of disturbed areas) in the accounting period when the related disturbance occurs. The provision is discontinued using a risk-free pre-tax rate, and the unwinding of the discount is included in finance costs. At the time of establishing the provision, a corresponding asset is capitalized and is depreciated over the future life of the asset to which it relates. The provision is adjusted on an annual basis for changes in cost estimates, discount rates and inflation. </div> <div> i. Trade payables Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. </div> </div> <div> <div> j. Leases The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are charged directly to the statement of operations and comprehensive income on a straight line basis over the lease term. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company then assesses (i) whether the contract involves the use of an identified asset, (ii) whether it has the right to obtain substantially all of the economic benefits from use of the asset during the term of the arrangement and (iii) if it has the right to direct the use of the asset. At inception or on reassessment of a contract that contains a lease component, the consideration in the contract is allocated to each lease component proportionally based on their relative standalone prices. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. </div> <div></div> <div> As a lessee, the Company recognizes a right-of-use asset, which is included in Property Equipment and Other, and a right-of-use lease liability at the commencement date of a lease. The right-of-use asset is initially measured at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date. The right-of-use asset is subsequently depreciated from the commencement date to the earlier of the end of the lease term, or the end of the useful life of the asset. In addition, the right-of-use asset may be reduced due to impairment losses, if any, and adjusted for certain remeasurements of the lease liability. </div> </div> <div> <div> k. Share Capital Common shares are classified as equity. Incremental costs directly attributable to the issue of common shares and share options are recognized as a deduction from equity, net of any tax effect. </div> <div> l. Share-based payment transactions Stock options Stock options are settled in equity. The fair values for stock-based awards have been estimated using the Black-Scholes model and recorded as compensation cost over the period of vesting. The compensation cost related to stock options granted is expensed or capitalized to mineral properties, as applicable. Cash received on exercise of stock options is credited to share capital and the related amount previously recognized in contributed surplus is reclassified to share capital. Restricted share units Restricted share units ("RSUs") represent an entitlement to one common share of the Company, upon vesting. RSUs provide the option of being settled in cash upon election by the Board of Directors. The fair value of RSUs granted is recognized as an expense over the vesting period and is measured at the time of grant. Deferred share units Deferred share units ("DSUs") are measured at fair value on grant date based on the market price of the Company's shares on the grant date. DSUs are settled in cash based on the market price of the Company's shares on the entitlement date (which is when the respective director ceases to be a director of the Company). The expense for DSUs is recognized over the vesting period and the DSUs are classified as a liability. DSU liabilities are adjusted at each financial position reporting date for changes in fair value. Fully vested DSUs are revalued based on the market price of the Company's shares on the final day of the respective reporting period with changes in fair value being recognized in share-based compensation expenses. </div> </div> <div> <div> m. Income taxes Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax Current tax expense is based on taxable profit for the year. Taxable profit differs from 'profit before tax' as reported in the consolidated statement of loss and other comprehensive loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. </div> <div></div> <div> Deferred tax Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. </div> </div> <div> <div> n. Loss per common share Basic loss per common share is calculated using the weighted average number of common shares outstanding. The Company uses the treasury stock method for the calculation of diluted earnings per share. Diluted per share amounts reflect the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted to common shares. In periods when a loss is incurred, the effect of the potential issuances of shares is anti-dilutive, and accordingly basic and diluted loss per share are the same. </div> </div> <div> <div> o. Financial instruments Classification The Company classifies its financial instruments in the following categories: at fair value through profit and loss, at fair value through other comprehensive income (loss), or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company's business model for managing the financial assets and the debt's contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or if the Company has opted to measure them at FVTPL. Measurement Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in the consolidated statements of comprehensive loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the consolidated statements of comprehensive loss in the period in which they arise. Derecognition of Financial assets </div> <div></div> <div> The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in the consolidated statements of comprehensive loss. </div> </div> <div> <div> p. Accounting Standards New Accounting Standards Amendments - IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors In 2021, the IASB issued narrow-scope amendments to IFRS Accounting Standards, including to IAS 1 and IAS 8. The amendments were made to help companies: <ul style="padding-left:0pt;margin-top:0pt;list-style-type:disc"> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">improve accounting policy disclosures so that they provide more useful information to investors and other primary users of the financial statements; and</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">distinguish changes in accounting estimates from changes in accounting policies</li> </ul> The amendments to IAS 1 require companies to disclose their material accounting policy information rather than their significant accounting policies. Accounting policy information is material if, when considered together with other information included in an entity's financial statements, it can reasonably be expected to influence decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. The amendments to IAS 8 clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. That distinction is important because changes in accounting estimates are applied prospectively only to future transactions and other future events, but changes in accounting policies are generally also applied retrospectively to past transactions and other past events. The amendments to IAS 1 and IAS 8 are effective for annual reporting periods beginning on or after January 1, 2023. Although the amendments did not result in any changes to the accounting policies themselves, they impacted the accounting policy information disclosed in the consolidated financial statements. Management reviewed the accounting policies and made updates to the information disclosed above in line with the amendments. Accounting standards issued but not yet effective IFRS 18 - Presentation and Disclosure in Financial Statements IFRS 18 is effective for reporting periods beginning on or after 1 January 2027. It introduces several new requirements that are expected to impact the presentation and disclosure of most, if not all, entities. The Company is in the process of assessing the impact on the financial statements of the new standard. </div> </div> </div> </div> </div> </div> </div> </div> </div>

<div> <div> a. Consolidation The consolidated financial statements include include thoseassets, liabilities, equity, income and expenses of the Company and its subsidiaries, joint ventures and structured entities that it controls, using uniform accounting policies. Control exists when the Company has (i) power over the investee, (ii) exposure, or rights, to variable returns from its involvement with the investee, and (iii) the ability to use its power to affect its returns. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Company's equity. Subsidiaries are all entities over which the Company has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases. </div> <div></div> <div> Inter-company transactions, balances and unrealized gains on transactions between group companies are eliminated on consolidation. </div> </div>

<div> <div> <div> b. Translation of foreign currencies </div> </div> <div style="margin-bottom:0pt"> Functional currency Items included in the financial statements of the Company and each of the Company's subsidiaries and equity accounted investees are measured using the currency of the primary economic environment in which the entity operates (the functional currency) as follows: <div style="margin-left:24pt"> <table border="0" cellpadding="0" cellspacing="0" style="width:100%"> <tr> <td style="width:35%">Platinum Group Metals Ltd.</td> <td style="width:50%">Canadian Dollars</td> </tr> <tr> <td style="width:35%">Lion Battery Technologies Inc.</td> <td style="width:50%">United States Dollars</td> </tr> <tr> <td style="width:35%">Platinum Group Metals (RSA) (Pty) Ltd.</td> <td style="width:50%">South African Rand</td> </tr> <tr> <td style="width:35%">Mnombo Wethu Consultants (Pty) Limited </td> <td style="width:50%">South African Rand</td> </tr> <tr> <td style="width:35%">Waterberg JV Resources (Pty) Ltd</td> <td style="width:50%">South African Rand</td> </tr> </table> </div> Presentation Currency The Company's presentation currency is the United States Dollar ("USD"). Foreign Exchange Rates Used The following exchange rates were used when preparing these consolidated financial statements: <div style="margin-left:24pt"> <div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%"> <tr> <td style="text-align:left"> Rand/USD </td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">R17.7676(2023 R18.8507)</td> </tr> <tr> <td style="text-align:left;white-space:nowrap;width:9%">Year average rate:</td> <td style="width:91%">R18.6496 (2023 R18.0700)</td> </tr> <tr> <td style="text-align:left"> </td> </tr> <tr> <td style="text-align:left">CAD/USD</td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">C$1.3491 (2023 C$1.3531)</td> </tr> <tr> <td style="text-align:left;width:9%">Year average rate:</td> <td style="width:91%">C$1.3608 (2023 C$1.3469)</td> </tr> </table> </div> </div> Transactions and balances Foreign currency transactions are translated into the relevant entity's functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the income statement. Subsidiaries The results and financial position of subsidiaries that have a functional currency different from the presentation currency are translated into the presentation currency as follows: <ul style="padding-left:0pt;list-style-type:disc"> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">assets and liabilities are translated at the closing rate at the reporting date;</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">income and expenses are translated at average exchange rates for the year; and</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">all resulting exchange differences are recognized in other comprehensive income as cumulative translation adjustments.</li> </ul> </div> </div>

<div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%"> <tr> <td style="text-align:left"> Rand/USD </td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">R17.7676(2023 R18.8507)</td> </tr> <tr> <td style="text-align:left;white-space:nowrap;width:9%">Year average rate:</td> <td style="width:91%">R18.6496 (2023 R18.0700)</td> </tr> <tr> <td style="text-align:left"> </td> </tr> <tr> <td style="text-align:left">CAD/USD</td> </tr> <tr> <td style="text-align:left;width:9%">Year-end rate:</td> <td style="width:91%">C$1.3491 (2023 C$1.3531)</td> </tr> <tr> <td style="text-align:left;width:9%">Year average rate:</td> <td style="width:91%">C$1.3608 (2023 C$1.3469)</td> </tr> </table> </div>

17.7676

18.8507

18.6496

18.07

1.3491

1.3531

1.3608

1.3469

<div> c. Joint Arrangements The Company treats its investment in Lion as a joint venture. A joint venture is a joint arrangement whereby the parties that have joint control have rights to the net assets. Joint ventures are accounted for using the equity method of accounting. </div>

<div> d. Change in ownership interests The Company treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interest in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration received is recognized in a separate line in deficit. </div>

<div> e. Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property, plant and equipment includes the purchase price or construction cost, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located, and for qualifying assets, the associated borrowing costs. Where an item of property, plant and equipment is comprised of major components with different useful lives, the components are accounted for as separate items of property, plant, and equipment. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal, retirement or scrapping of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. Capital assets are recorded at cost and are depreciated on a straight-line basis over the following periods: <div style="margin-left:300pt"> <table cellpadding="0" cellspacing="0" style="width:65%"> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Leasehold Improvements</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;width:25%">Computer Equipment and software</td> <td style="white-space:nowrap;text-align:left;width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Furniture and Fixtures</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">5-10 years</td> </tr> <tr> <td style="text-align:left;width:25%">Office Lease</td> <td style="text-align:left;width:25%">5 years lease term</td> </tr> </table> </div> </div>

<table cellpadding="0" cellspacing="0" style="width:65%"> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Leasehold Improvements</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;width:25%">Computer Equipment and software</td> <td style="white-space:nowrap;text-align:left;width:25%">3-5 years</td> </tr> <tr> <td style="text-align:left;background-color:rgb(230, 239, 255);width:25%">Furniture and Fixtures</td> <td style="white-space:nowrap;text-align:left;background-color:rgb(230, 239, 255);width:25%">5-10 years</td> </tr> <tr> <td style="text-align:left;width:25%">Office Lease</td> <td style="text-align:left;width:25%">5 years lease term</td> </tr> </table>

3-5 years

5-10 years

5 years

<div> <div> f. Exploration and Evaluation Assets & Mineral Properties i) Exploration and Evaluation Assets Exploration expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with acquiring the rights to explore, prospecting, sampling, mapping, diamond drilling and other work involved in searching for Mineral Resources, as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Evaluation expenditures are costs incurred to establish the feasibility and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Evaluation expenditures include the cost of: (i) further defining the volume and grade of deposits through drilling of core samples, trenching and sampling activities in an ore body; (ii) determining the optimal methods of extraction and metallurgical and treatment processes; (iii) studies related to surveying, transportation and infrastructure requirements; (iv) permitting activities; and (v) economic evaluations to determine whether development of mineralized material is commercially justified including preliminary economic assessments, pre-feasibility and final feasibility studies. Exploration and evaluation expenditures are capitalized until it has been determined that a property is technically feasible and commercially viable. Before reclassification to mineral properties (see below) an impairment test is conducted on the capitalized costs. (ii) Mineral properties After the impairment test, the carrying value of the exploration and evaluation asset is reclassified as a mineral property. All costs, including pre-operating costs are capitalized until the point that the mineral property is capable of operating as intended. This is determined by: (i) completion of operational commissioning of major mine and plant components; (ii) operating results being achieved consistently for a period of time; (iii) indicators that these operating results will be continued; and (iv) other factors being present, including one or more of the following: a significant portion of the plant/mill capacity being achieved; a significant portion of available funding being directed towards operating activities; a predetermined, reasonable period of time being passed; or significant milestones for the development of the mineral property being achieved. </div> <div></div> <div> Once the mineral property is capable of operating as intended, further operating costs, including depreciation, depletion and amortization, are included within inventory as incurred. </div> </div>

<div> h. Asset retirement obligations Provisions for asset retirement obligations are made in respect of the estimated future costs of closure and restoration and for environmental rehabilitation costs (which include the dismantling and demolition of infrastructure, removal of residual materials and remediation of disturbed areas) in the accounting period when the related disturbance occurs. The provision is discontinued using a risk-free pre-tax rate, and the unwinding of the discount is included in finance costs. At the time of establishing the provision, a corresponding asset is capitalized and is depreciated over the future life of the asset to which it relates. The provision is adjusted on an annual basis for changes in cost estimates, discount rates and inflation. </div>

<div> <div> j. Leases The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are charged directly to the statement of operations and comprehensive income on a straight line basis over the lease term. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company then assesses (i) whether the contract involves the use of an identified asset, (ii) whether it has the right to obtain substantially all of the economic benefits from use of the asset during the term of the arrangement and (iii) if it has the right to direct the use of the asset. At inception or on reassessment of a contract that contains a lease component, the consideration in the contract is allocated to each lease component proportionally based on their relative standalone prices. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. </div> <div></div> <div> As a lessee, the Company recognizes a right-of-use asset, which is included in Property Equipment and Other, and a right-of-use lease liability at the commencement date of a lease. The right-of-use asset is initially measured at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date. The right-of-use asset is subsequently depreciated from the commencement date to the earlier of the end of the lease term, or the end of the useful life of the asset. In addition, the right-of-use asset may be reduced due to impairment losses, if any, and adjusted for certain remeasurements of the lease liability. </div> </div>

<div> <div> m. Income taxes Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax Current tax expense is based on taxable profit for the year. Taxable profit differs from 'profit before tax' as reported in the consolidated statement of loss and other comprehensive loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. </div> <div></div> <div> Deferred tax Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. </div> </div>

<div> <div> o. Financial instruments Classification The Company classifies its financial instruments in the following categories: at fair value through profit and loss, at fair value through other comprehensive income (loss), or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company's business model for managing the financial assets and the debt's contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or if the Company has opted to measure them at FVTPL. Measurement Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in the consolidated statements of comprehensive loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the consolidated statements of comprehensive loss in the period in which they arise. Derecognition of Financial assets </div> <div></div> <div> The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in the consolidated statements of comprehensive loss. </div> </div>

<div> p. Accounting Standards New Accounting Standards Amendments - IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors In 2021, the IASB issued narrow-scope amendments to IFRS Accounting Standards, including to IAS 1 and IAS 8. The amendments were made to help companies: <ul style="padding-left:0pt;margin-top:0pt;list-style-type:disc"> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">improve accounting policy disclosures so that they provide more useful information to investors and other primary users of the financial statements; and</li> <li style="margin-left:72pt;text-align:justify;padding-left:8.4pt">distinguish changes in accounting estimates from changes in accounting policies</li> </ul> The amendments to IAS 1 require companies to disclose their material accounting policy information rather than their significant accounting policies. Accounting policy information is material if, when considered together with other information included in an entity's financial statements, it can reasonably be expected to influence decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. The amendments to IAS 8 clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. That distinction is important because changes in accounting estimates are applied prospectively only to future transactions and other future events, but changes in accounting policies are generally also applied retrospectively to past transactions and other past events. The amendments to IAS 1 and IAS 8 are effective for annual reporting periods beginning on or after January 1, 2023. Although the amendments did not result in any changes to the accounting policies themselves, they impacted the accounting policy information disclosed in the consolidated financial statements. Management reviewed the accounting policies and made updates to the information disclosed above in line with the amendments. Accounting standards issued but not yet effective IFRS 18 - Presentation and Disclosure in Financial Statements IFRS 18 is effective for reporting periods beginning on or after 1 January 2027. It introduces several new requirements that are expected to impact the presentation and disclosure of most, if not all, entities. The Company is in the process of assessing the impact on the financial statements of the new standard. </div>

<div> <div> 3. SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATES The preparation of the financial statements in conformity with IFRS Accounting Standards requires the use of judgments and estimates that affect the amount reported and disclosed in the consolidated financial statements and related notes. These judgments and estimates are based on management's best knowledge of the relevant facts and circumstances, having regard to previous experience, but actual results may differ materially from the amounts included in the financial statements. Information about such judgments and estimation is contained in the accounting policies and notes to the financial statements, and the key areas are summarized below. Areas of judgment and key sources of estimation uncertainty that have the most significant effect on the amounts recognized in these consolidated financial statements are: <ul style="padding-left:0pt;list-style-type:disc"> <li style="margin-left:63.6pt;padding-left:8.4pt;text-align:justify">Assessment of impairment indicator for Mineral Properties</li> <li style="margin-left:63.6pt;padding-left:8.4pt;text-align:justify">Assumption of control of Waterberg JV Co.</li> </ul> </div> <div></div> <div> Each of these judgments and estimates is considered in their respective notes or in more detail below. Assessment of impairment indicators for Mineral Properties The Company applies judgment to assess whether there are impairment indicators present that give rise to the requirement to conduct an impairment test. Events or changes in circumstances that could trigger an impairment test include; (i) significant adverse changes in the business climate including decreases in forecasted future metal prices; (ii) significant changes in the extent or manner in which the asset is being used or their physical condition including significant decreases in mineral reserves; and (iii) significant decreases in the market price of the asset. Assumption of control of Waterberg JV Co. The Company has judged that it controls Waterberg JV Co. as it owns 37.19% of the outstanding shares of Waterberg JV Co. directly and indirectly through its 49.9% ownership of Mnombo which has a 26% direct ownership of Waterberg JV Co. giving the Company an effective 63.19% interest. The Company has judged that it controls Mnombo through its 49.9% ownership of the outstanding shares of Mnombo, its current ability to direct the relevant activities of Mnombo including contributing all material capital to Mnombo for its capital calls from Waterberg JV Co. (and previous since acquiring its 49.9% share. Currently there are no other sources of funding known to be available to Mnombo. The Company is also the manager of the Waterberg JV Co. and maintains its right to be manager so long as it continues to hold the highest number of shares of Waterberg JV Co. If in the future Waterberg JV Co. is not deemed to be controlled by the Company, the assets and liabilities of Waterberg JV Co. would be derecognized at their carrying amounts. Amounts recognized in other comprehensive income would be transferred directly to retained earnings. If a retained interest remained after the loss of control it would be recognized at its fair value on the date of loss of control. Although the Company controls Waterberg JV Co., it does not have omnipotent knowledge of Mnombo’s other shareholders activities. Mnombo’s 50.1% shareholders are historically disadvantaged South Africans. </div> </div>

0.3719

0.499

0.26

0.6319

0.499

0.501

<div> <div> <div> <div> <div> 4. MINERAL PROPERTIES Since mid-2017, the Company's only active mineral property has been the Waterberg Project located on the Northern Limb of the Bushveld Igneous Complex. Total capitalized costs for the Waterberg Project are as follows: </div> </div> </div> </div> <div> <div> <div> <div> <div style="margin-left:24pt"> <div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:40.85pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff">Balance August 31, 2022</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">40,373</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom">Additions</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">4,900</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Foreign currency translation adjustment</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(3,659</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000">Balance August 31, 2023</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%">41,614</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,016</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Foreign currency translation adjustment</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">2,399</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff">Balance August 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%;background-color:#e6efff">47,029</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> Waterberg Project Mining Right On January 28, 2021, the South African Department of Mineral Resources and Energy ("DMRE") issued a letter to Waterberg JV Co. notifying the Company that a mining right (the "Waterberg Mining Right") had been granted over the Waterberg Project area as applied for in 2018. The Waterberg Mining Right was notarially executed on April 13, 2021, was registered at the Mineral and Petroleum Titles Registration Office on July 6, 2021 and currently remains active. Location and Project Area The Waterberg Project is located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 km north of the town of Mokopane. At August 31, 2024, the Waterberg Project covered an area of 29,161 hectares consisting of the Waterberg Mining Right, one active prospecting right, and one application for the incorporation of two adjacent farms into the Waterberg Mining Right. Of the total project area, 20,482 hectares are covered by the Waterberg Mining Right. On March 9, 2022, Waterberg JV Co. passed a resolution to apply for closure on 50,951 gross hectares of prospecting rights, of which 14,209 hectares are now held within the granted Waterberg Mining Right, leaving a net 36,742 hectares of uneconomic prospecting rights closed or in process of being closed. </div> </div> <div></div> <div> <div> Acquisition of the Waterberg Project In October 2009, PTM RSA, Japan Organization for Metals and Energy Security ("JOGMEC") and Mnombo entered into a joint venture agreement regarding the Waterberg Project (the "JOGMEC Agreement"). Under the terms of the JOGMEC Agreement JOGMEC completed a $3.2 million work requirement to earn a 37% interest in the Waterberg JV property, leaving the Company with a 37% interest and Mnombo with a 26% interest. On November 7, 2011, the Company entered an agreement with Mnombo to acquire 49.9% of the issued and outstanding shares of Mnombo in exchange for a cash payment of R1.2 million and the Company's agreement to pay for Mnombo's 26% share of costs on the Waterberg JV property until the completion of a feasibility study. Mnombo's share of expenditures prior to this agreement, and Mnombo's share of expenditures post DFS, are still owed to the Company ($11.4 million at August 31, 2024, including accrued interest). The portion of Mnombo not owned by the Company is accounted for as a non-controlling interest, calculated at $8.9 million at August 31, 2024 ($8.5 million - August 31, 2023). To August 31, 2024, an aggregate total of $89.1 million has been funded by all parties for exploration and engineering on the Waterberg Project. Until the Waterberg prospecting rights were transferred to Waterberg JV Co., all costs incurred by other parties were treated as cost recoveries by the Company. Current Ownership Waterberg JV Co. At August 31, 2024 the Company held a controlling 50.16% interest in Waterberg JV Co., comprised of a direct 37.19% interest and an indirect 12.97% interest by way of its 49.9% shareholding in Black Economic Empowerment ("BEE") partner Mnombo. Mnombo held a 26.0% direct interest in Waterberg JV Co., Impala Platinum Holdings Ltd. ("Implats") held a 14.86% direct interest, and HJM (defined below) held a 21.95% direct interest. Historic Ownership Waterberg JV Co. On November 6, 2017, Implats purchased an aggregate 15% equity interest in Waterberg JV Co. for $30 million (the "Implats Transaction"), comprised of an 8.6% interest from the Company for $17.2 million and a 6.4% interest from JOGMEC for $12.8 million. Implats also acquired an option to increase its holdings in Waterberg JV Co. to 50.01% (the "Purchase and Development Option") in exchange for certain payments and project funding. Implats also acquired a right of first refusal to match commercial offtake terms for the smelting and refining of mineral products from the Waterberg Project if Waterberg JV Co. proposed an offtake agreement with an arm's length third party. JOGMEC or its nominee retained a right to direct the marketing of Waterberg concentrate and to receive, at market prices, up to all refined minerals produced from the Waterberg Project. In March 2019 JOGMEC completed the sale of a 9.755% interest in Waterberg JV Co. to Hanwa Co., Ltd ("Hanwa"). In June 2023 JOGMEC and Hanwa reported the establishment of a special purpose company, HJ Platinum Metals Ltd. ("HJM"), to hold and fund their equity interests in the Waterberg Project, which were consolidated into a 21.95% interest for HJM, with JOGMEC to fund 75% of HJM's project commitments and Hanwa the remaining 25%. On June 15, 2020, Implats elected not to exercise their Purchase and Development Option due to increased economic uncertainty and reduced risk appetite in the short, medium and long-term as a result of the COVID-19 pandemic. On December 11, 2023, Waterberg JV Co.'s board of directors unanimously approved a $1.65 million interim budget. Waterberg JV Co. shareholders also approved the interim budget, with Implats abstaining. On December 12, 2023, Implats advised that in the current metal price environment Implats was halting capital expenditures across its portfolio and therefore could not fund their pro rata share of a cash call pursuant to the interim budget. The Company elected to cover Implats pro rata share of the cash call and Implats' interest in Waterberg JV Co. was subsequently diluted from 15.0% to 14.95%. On May 9, 2024, Implats advised they could not fund their pro rata share of a second cash call pursuant to the interim budget. The Company again elected to cover Implats pro rata share of the cash call. Following this second dilution which occurred on August 30, 2024, Impala holds 14.86% of Waterberg JV Co. and the Company concurrently increased its aggregate holdings to 50.16%. Implats has advised Waterberg JV Co. that they will consider the funding of subsequent cash calls as future circumstances allow. </div> </div> </div> </div> <div> <div> <div> <div></div> </div> </div> <div> <div> Appeals and Legal Matters During 2021 three notices of appeal and one urgent interdict application were filed by individual appellants against the January 28, 2021 granting of the Waterberg Mining Right. During 2022 and 2023 all were dismissed by the Minister of the DMRE or the courts. On May 7, 2021, an opposition group filed an application for an order in the High Court of South Africa to review and set aside the decision by the Minister of the Department of Forestry, Fisheries and the Environment to refuse condonation for the late filing of that group's appeal against the grant of an EA for the Waterberg Mine in November 2020. The attorneys acting for Waterberg JV Co. filed a notice to oppose the application and required the group's legal counsel to file proof of the mandate to represent the appellant group. Since filing their review application, the appellants have done nothing to progress their action and their legal counsel has not filed a proof of mandate. On March 7, 2024, a group claiming to be the rightful leadership of two host communities filed an application in the High Court seeking to set aside the January 28, 2021 grant of the Waterberg Mining Right by the DMRE. Many of the applicants participated in the earlier and unsuccessful appeals and court actions described above. The applicants have requested condonation for the late filing of this appeal, claim informal rights to two farms overlaying a portion of the Waterberg Mining Right area, object to the grant of the Waterberg Mining Right, and object to the DMRE dismissing their appeals on or about October 13, 2022. The two farms in question are not planned to host any significant mine infrastructure. Attorneys acting on behalf of Waterberg JV Co. have filed a notice of opposition and will prepare and file an answering affidavit in due course. </div> </div> </div> </div> </div> </div> </div>

<div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:40.85pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff">Balance August 31, 2022</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">40,373</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom">Additions</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">4,900</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Foreign currency translation adjustment</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(3,659</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000">Balance August 31, 2023</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%">41,614</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,016</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Foreign currency translation adjustment</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">2,399</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:9.2pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff">Balance August 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%;background-color:#e6efff">47,029</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> </div> </div>

40373000

4900000 -3659000

41614000

3016000 2399000

47029000

3200000 0.37

0.37

0.26

0.499

1200000 0.26 11400000

8900000

8500000

89100000

0.5016

0.3719

0.1297

0.499

0.26

0.1486

0.2195

0.15 30000000 0.086 17200000 0.064 12800000 0.5001

0.09755

0.2195 0.75 0.25 1650000 0.15 0.1495 0.1486 0.5016 <div> <div> 5. LION BATTERY TECHNOLOGIES INC. </div> <div> <div> <div> Lion was incorporated on June 17, 2019, with the objective to research new lithium battery technology utilizing platinum and palladium. The Company received 400,000 common shares of Lion, valued at a price of $0.01 per share, as the original founder of Lion. On July 12, 2019, the Company and Anglo American Platinum Limited ("Amplats") entered investment, shareholder and research agreements to facilitate Lion's objectives. Initially the Company and Amplats agreed to equally invest up to an aggregate of $4.0 million into Lion and on July 6, 2021 the Company and Amplats agreed to increase the planned funding to Lion by a further $2.73 million, to a total of up to $6.73 million, in order to allow the acceleration of certain research and commercialization activities (see below). All agreed funding into Lion by the Company and Amplats is to be exchanged for preferred shares of Lion at a price of $0.50 per share over an approximate five year period. Amplats and the Company have funded Lion equally for an aggregate $4.612 million as of August 31, 2024 as follows: <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:50%;margin-left:auto;margin-right:auto"> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Date</td> <td style="width:50%;padding-right:5.4pt;padding-left:6.9pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Gross Funding to Lion</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0)">July 2019</td> <td style="width:50%;vertical-align:top;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0);text-align:center">$1,100</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top">June 2020</td> <td style="width:50%;vertical-align:top;text-align:center;padding-left:8pt">$700</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255)">February 2021</td> <td style="width:50%;vertical-align:top;background-color:rgb(230, 239, 255);text-align:center;padding-left:8pt">$700</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top">February 2022</td> <td style="width:50%;vertical-align:top;text-align:center;padding-left:8pt">$500</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);width:50%">February 2023</td> <td style="vertical-align:top;background-color:rgb(230, 239, 255);width:50%;text-align:center;padding-left:8pt">$590</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;width:50%">June 2023</td> <td style="vertical-align:top;width:50%;text-align:center;padding-left:8pt">$560</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);width:50%">November 2023</td> <td style="vertical-align:top;background-color:rgb(230, 239, 255);width:50%;text-align:center;padding-left:8pt">$362</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-bottom:0.75pt solid #000000;width:50%">December 2023</td> <td style="vertical-align:top;border-bottom:0.75pt solid #000000;width:50%;text-align:center;padding-left:8pt">$100</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">Total</td> <td style="width:50%;vertical-align:middle;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(230, 239, 255)">$4,612</td> </tr> </table> </div> </div> <div></div> <div> After August 31, 2024 Amplats and the Company funded Lion equally for an aggregate further amount of $80. The Company accounts for Lion using equity accounting as Lion is jointly controlled with Amplats. Lion pays a fee of $3 per month to the Company for general and administrative services. Research Program - Florida International University On July 12, 2019, Lion entered into a Sponsored Research Agreement ("SRA") with Florida International University ("FIU") to fund a $3.0 million research program over approximately three years. On July 6, 2021 Lion agreed to increase the planned amount of research funding to FIU by a further amount of $1.0 million, for a total of up to $4.0 million. As the research was completed and milestones were achieved further tranches have been forwarded to FIU with a seventh tranche of funding of $117 advanced in December 2023. Lion has provided aggregate research funding and patent filing fees to FIU in the amount of $3.85 million as of August 31, 2024. Under the SRA, Lion has exclusive rights to all intellectual property being developed by FIU including patents granted. Lion is also reviewing several additional and complementary opportunities focused on developing next-generation battery technology using platinum and palladium. </div> </div> </div> </div> 400000 0.01 4000000 2730000 6730000 0.5 4612000 <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:50%;margin-left:auto;margin-right:auto"> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Date</td> <td style="width:50%;padding-right:5.4pt;padding-left:6.9pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Gross Funding to Lion</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0)">July 2019</td> <td style="width:50%;vertical-align:top;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0);text-align:center">$1,100</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top">June 2020</td> <td style="width:50%;vertical-align:top;text-align:center;padding-left:8pt">$700</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255)">February 2021</td> <td style="width:50%;vertical-align:top;background-color:rgb(230, 239, 255);text-align:center;padding-left:8pt">$700</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top">February 2022</td> <td style="width:50%;vertical-align:top;text-align:center;padding-left:8pt">$500</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);width:50%">February 2023</td> <td style="vertical-align:top;background-color:rgb(230, 239, 255);width:50%;text-align:center;padding-left:8pt">$590</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;width:50%">June 2023</td> <td style="vertical-align:top;width:50%;text-align:center;padding-left:8pt">$560</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:rgb(230, 239, 255);width:50%">November 2023</td> <td style="vertical-align:top;background-color:rgb(230, 239, 255);width:50%;text-align:center;padding-left:8pt">$362</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-bottom:0.75pt solid #000000;width:50%">December 2023</td> <td style="vertical-align:top;border-bottom:0.75pt solid #000000;width:50%;text-align:center;padding-left:8pt">$100</td> </tr> <tr> <td style="width:50%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">Total</td> <td style="width:50%;vertical-align:middle;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(230, 239, 255)">$4,612</td> </tr> </table> </div> 1100000 700000 700000 500000 590000 560000 362000 100000 4612000 80000 3000 3000000 1000000 4000000 117000 3850000

<div> <div> <div> 6. PROPERTY, EQUIPMENT AND OTHER </div> </div> <div> <div> <div style="margin-left:24pt"> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Buildings</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Other</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Right to Use Asset</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">August 31, 2022</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">172</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">75</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">105</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">352</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">94</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">312</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">406</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Disposals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(10</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(31</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(66</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(107</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(16</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(8</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(3</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(27</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">August 31, 2023</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">146</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">126</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">348</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">620</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Disposals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(11</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(43</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(63</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(117</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">9</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">7</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">17</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000;background-color:#e6efff">August 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">140</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">96</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">286</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">522</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> In 2024 the Company capitalized $45 of depreciation to mineral properties (2023 - $24) </div> </div> </div>

<div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Buildings</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Other</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Right to Use Asset</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">August 31, 2022</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">172</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">75</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">105</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">352</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">94</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">312</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">406</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Disposals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(10</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(31</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(66</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(107</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(16</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(8</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(3</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">(27</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">August 31, 2023</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">146</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">126</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">348</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">620</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Disposals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">(4</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(11</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(43</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(63</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(117</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">9</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">7</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">17</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000;background-color:#e6efff">August 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">140</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">96</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">286</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%;background-color:#e6efff">522</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div>

172000

75000

105000

352000

94000

312000

406000

4000

10000

31000

66000

107000

16000

8000

3000

27000

146000

126000

348000

620000

6000

4000

11000

43000

63000

117000

-9000

-7000

-1000

-17000

140000

96000

286000

522000

45000

24000

<div> <div> 7. LEASE </div> <div> <div> <div> The Company recognizes lease liabilities and a right of use asset in relation to leases. The right to use asset is recorded in Property, equipment and other and is in relation to an office lease. The office lease was extended for five years during 2023. Lease payments due for leases with terms less than one year total $23 (2023 - $31). The following table summarizes the Company's lease liabilities: </div> <div></div> <div> <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">As at</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;text-indent:1.05pt"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">365</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">125</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">312</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Accretion of interest</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">40</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">20</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Payments</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(88</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(88</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-indent:1.05pt;background-color:#e6efff">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(3</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">318</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">365</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Current (included in Accounts Payable)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">55</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">48</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Non-current</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">263</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">317</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-indent:1.05pt">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">318</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">365</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> </div> </div> </div>

P5Y 23 31 <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">As at</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;text-indent:1.05pt"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">365</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">125</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">312</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Accretion of interest</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">40</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">20</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Payments</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(88</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(88</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-indent:1.05pt;background-color:#e6efff">Foreign Exchange</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(3</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">318</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">365</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Current (included in Accounts Payable)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">55</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">48</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Non-current</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">263</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">317</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-indent:1.05pt">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">318</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">365</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

365000

125000

312000

40000 20000

88000

1000 3000

318000

365000

55000

48000

263000

317000

318000

365000

<div> 8. ACCOUNTS PAYABLE <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">As at</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;text-indent:1.05pt"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">General and Administrative</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">294</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">439</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Waterberg</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">293</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">696</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Audit</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">175</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">107</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Legal</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">143</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">125</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-indent:1.05pt;background-color:#e6efff">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">905</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1,367</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">As at</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;text-indent:1.05pt"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">General and Administrative</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">294</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">439</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Waterberg</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">293</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">696</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;background-color:#e6efff">Audit</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">175</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">107</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt">Legal</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">143</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">125</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-indent:1.05pt;background-color:#e6efff">Balance, End of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">905</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1,367</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> 294000 439000 293000 696000 175000 107000 143000 125000

905000

1367000

<div> <div> <div style="font-family:Times New Roman;font-size:10pt;line-height:initial"> <div> <div> <div> 9. SHARE CAPITAL (a) Authorized Unlimited common shares without par value. (b) Shares Issued Fiscal 2024 On September 18, 2023, the Company closed a non-brokered private placement with Deepkloof Limited ("Deepkloof"), a subsidiary of existing major shareholder Hosken Consolidated Investments Limited ("HCI") for 2,118,645 common shares at a price of $1.18 each for gross proceeds of $2.5 million returning HCI's ownership in the Company to approximately 26%. Fiscal 2023 On July 27, 2022, the Company entered into an equity distribution agreement with BMO Nesbitt Burns Inc. as Canadian Agent, and BMO as U.S. Agent, for a new at-the-market equity program (the "2022 ATM") to distribute up to $50 million of common shares. No common shares were sold pursuant to the 2022 ATM prior to August 31, 2022. In the year ended August 31, 2023 the Company sold 1,089,503 shares at an average price of $1.81 for gross proceeds of $1.975 million and net proceeds of $1.527 million after share issuance costs of $0.448 million were deducted. (c) Incentive stock options The Company has entered into Incentive share purchase option agreements under the terms of its share compensation plan with directors, officers, consultants and employees. Under the terms of the share purchase option agreements, the exercise price of each option is set, at a minimum, at the fair value of the common shares at the date of grant. Options of the Company are subject to vesting provisions. All exercise prices are denominated in Canadian Dollars. </div> </div> </div> <div> <div></div> The following tables summarize the Company's outstanding share purchase options: <div> <div> <div style="margin-left:36pt"> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:39%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Number of Share Options</td> <td style="width:19%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Average Exercise Price in CAD</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Options outstanding at August 31, 2022</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">3,666,671</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">$ 3.45</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Granted</td> <td style="width:20%;vertical-align:bottom;text-align:center">1,358,000</td> <td style="width:16%;vertical-align:bottom;text-align:center">$ 2.36</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff"> Forfeited</td> <td style="width:19%;vertical-align:bottom;text-align:center;background-color:#e6efff">(170,167)</td> <td style="width:16%;vertical-align:bottom;text-align:center;background-color:#e6efff">$ 3.20</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000"> Exercised</td> <td style="width:20%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">(60,667)</td> <td style="width:16%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">$ 1.81</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Options outstanding at August 31, 2023</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">4,793,837</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">$ 3.17</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Granted</td> <td style="width:20%;vertical-align:bottom;text-align:center">589,950</td> <td style="width:16%;vertical-align:bottom;text-align:center">$ 1.52</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff"> Cancelled</td> <td style="margin-top:0pt;margin-bottom:0pt;text-align:center;background-color:#e6efff">(937,000) </td> <td style="width:16%;vertical-align:bottom;text-align:center;background-color:#e6efff">$ 6.25</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Expired</td> <td style="width:20%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">(647,169)</td> <td style="width:16%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">$ 2.61</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff">Options outstanding at August 31, 2024</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">3,799,618</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">$ 2.19</td> </tr> </table> </div> </div> </div> </div> In fiscal 2023, the weighted average share price when options were exercised was $2.31. <div style="margin-left:24pt"> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Number Outstanding at August 31, 2024</td> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Number Exercisable at August 31, 2024</td> <td colspan="2" style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Exercise Price in CAD</td> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Average Remaining Contractual Life (Years)</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt;background-color:#e6efff">99,000</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:10pt;padding-right:6pt;background-color:#e6efff">99,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">3.90</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1.94</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt">42,000</td> <td style="width:25%;vertical-align:top;padding-left:10pt;padding-right:6pt;text-align:center">28,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">3.40</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">2.06</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt;background-color:#e6efff">21,000</td> <td style="width:25%;vertical-align:top;padding-left:10pt;padding-right:6pt;text-align:center;background-color:#e6efff">14,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.52</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.50</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">1,113,000</td> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;text-align:center;width:25%">371,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">2.37</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">3.09</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1,120,000</td> <td style="width:25%;vertical-align:top;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">746,667</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.32</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.29</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt">200,000</td> <td style="width:25%;padding-left:10pt;padding-right:6pt;text-align:center">50,000</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">2.28</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt">3.69</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt;background-color:#e6efff">614,668</td> <td style="width:25%;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">614,668</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1.81</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">0.14</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt">589,950</td> <td style="width:25%;padding-left:32pt;padding-right:6pt;text-align:center">-</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">1.52</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt">4.09</td> </tr> <tr> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">3,799,618</td> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">1,923,335</td> <td style="width:12.5%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff"> </td> <td style="width:12.5%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff"> </td> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.52</td> </tr> </table> </div> </div> </div> </div> <div> <div> During the year ended August 31, 2024, the Company granted 589,950 share purchase options, which will vest in three tranches on the first, second and third anniversary of the grant. During the year ended August 31, 2023, the Company granted 1,158,000 share purchase options, from which 45,000 were cancelled in fiscal 2023, and the balance will vest in three tranches on the first, second and third anniversary of the grant. A further 200,000 share purchase options were issued with 50,000 vesting September 8, 2023 and 150,000 vesting when certain performance conditions are met. During the year ended August 31, 2024, the Company recorded $0.98 million of stock compensation costs (August 31, 2023 - $1.76 million) related to share purchase options, of which $0.95 million was expensed (August 31, 2024 - $1.65 million) and $0.03 million was capitalized to mineral properties (August 31, 2023 - $0.11 million). The Company used the Black-Scholes model to determine the grant date fair value of share purchase options granted. The following assumptions were used in valuing share purchase options granted during the year ended August 31, 2024 and August 31, 2023: </div> </div> </div> <div> <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Period ended</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2024</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2023</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Risk-free interest rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">4.48%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">3.45%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Expected life of options</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">4.1 years</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">3.9 years</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Annualized volatility1</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center;background-color:#e6efff">79%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center;background-color:#e6efff">89%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Forfeiture rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">0.9%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">0.6%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff">Dividend rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">0.0%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">0.0%</td> </tr> <tr> <td colspan="3" style="margin-top:0pt;margin-bottom:0pt">1The Company uses its historical volatility as the basis for the expected volatility assumption in the Black Scholes option pricing model.</td> </tr> </table> </div> </div> </div> </div> <div> <div></div> <div> <div> (d) Deferred Share Units The Company has established a deferred share unit ("DSU") plan for non-executive directors. Each DSU has the same value as one Company common share. DSUs must be retained until each director leaves the board, at which time the DSUs are redeemed. During the year ended August 31, 2024, director fees of $183 (August 31, 2023 - $178) were paid by the issuance of DSUs. An expense of $34 (August 31, 2023 - $143 recovery) was recorded in share based compensation for the revaluation of fully vested DSUs. At August 31, 2024 a total of 861,568 DSUs were issued and outstanding. (e) Restricted Share Units The Company has established a restricted share unit ("RSU") plan for officers and certain employees of the Company. Each RSU represents the right to receive one Company common share following the attainment of vesting criteria determined at the time of the award. RSUs vest over a three-year period. During the year ended August 31, 2024, a stock compensation cost of $405 was recorded (August 31, 2023 - $496) of which $381 was expensed (August 31, 2023 - $476) and $23 was capitalized (August 31, 2023 - $20). During the year ended August 31, 2024 the Company issued 297,099 RSUs which vest evenly on the first, second and third anniversary of issuance. At August 31, 2024, 533,327 RSUs were issued and outstanding, with Nil of the outstanding RSU's being vested. </div> </div> </div> </div> </div> </div>

2118645

1.18

2500

0.26 50000000

1089503

1.81 1975000

1527000

448000

<div> <div style="margin-left:36pt"> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:39%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Number of Share Options</td> <td style="width:19%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Average Exercise Price in CAD</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Options outstanding at August 31, 2022</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">3,666,671</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">$ 3.45</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Granted</td> <td style="width:20%;vertical-align:bottom;text-align:center">1,358,000</td> <td style="width:16%;vertical-align:bottom;text-align:center">$ 2.36</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff"> Forfeited</td> <td style="width:19%;vertical-align:bottom;text-align:center;background-color:#e6efff">(170,167)</td> <td style="width:16%;vertical-align:bottom;text-align:center;background-color:#e6efff">$ 3.20</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000"> Exercised</td> <td style="width:20%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">(60,667)</td> <td style="width:16%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">$ 1.81</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Options outstanding at August 31, 2023</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">4,793,837</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">$ 3.17</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Granted</td> <td style="width:20%;vertical-align:bottom;text-align:center">589,950</td> <td style="width:16%;vertical-align:bottom;text-align:center">$ 1.52</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff"> Cancelled</td> <td style="margin-top:0pt;margin-bottom:0pt;text-align:center;background-color:#e6efff">(937,000) </td> <td style="width:16%;vertical-align:bottom;text-align:center;background-color:#e6efff">$ 6.25</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> Expired</td> <td style="width:20%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">(647,169)</td> <td style="width:16%;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center">$ 2.61</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff">Options outstanding at August 31, 2024</td> <td style="width:20%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">3,799,618</td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">$ 2.19</td> </tr> </table> </div> </div> </div> </div>

3666671

3.45

1358000

2.36

170167

3.2

60667

1.81

4793837

3.17

589950

1.52

937000

6.25

647169

2.61

3799618

2.19

2.31

<div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Number Outstanding at August 31, 2024</td> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Number Exercisable at August 31, 2024</td> <td colspan="2" style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Exercise Price in CAD</td> <td style="width:25%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">Average Remaining Contractual Life (Years)</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt;background-color:#e6efff">99,000</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:10pt;padding-right:6pt;background-color:#e6efff">99,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">3.90</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1.94</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt">42,000</td> <td style="width:25%;vertical-align:top;padding-left:10pt;padding-right:6pt;text-align:center">28,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">3.40</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">2.06</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:19pt;padding-right:6pt;background-color:#e6efff">21,000</td> <td style="width:25%;vertical-align:top;padding-left:10pt;padding-right:6pt;text-align:center;background-color:#e6efff">14,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.52</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.50</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">1,113,000</td> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;text-align:center;width:25%">371,000</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">2.37</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt">3.09</td> </tr> <tr> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1,120,000</td> <td style="width:25%;vertical-align:top;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">746,667</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.32</td> <td style="width:25%;vertical-align:top;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.29</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt">200,000</td> <td style="width:25%;padding-left:10pt;padding-right:6pt;text-align:center">50,000</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">2.28</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt">3.69</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt;background-color:#e6efff">614,668</td> <td style="width:25%;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">614,668</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">1.81</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">0.14</td> </tr> <tr> <td style="width:25%;text-align:center;padding-left:14pt;padding-right:6pt">589,950</td> <td style="width:25%;padding-left:32pt;padding-right:6pt;text-align:center">-</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">$</td> <td style="width:12.5%;text-align:center;padding-left:6pt;padding-right:6pt">1.52</td> <td style="width:25%;text-align:center;padding-left:6pt;padding-right:6pt">4.09</td> </tr> <tr> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">3,799,618</td> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:6pt;padding-right:6pt;text-align:center;background-color:#e6efff">1,923,335</td> <td style="width:12.5%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff"> </td> <td style="width:12.5%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff"> </td> <td style="width:25%;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;padding-left:6pt;padding-right:6pt;background-color:#e6efff">2.52</td> </tr> </table> </div> </div> </div>

99000

3.9

P1Y11M8D

42000

28000

3.4

P2Y21D

21000

14000

2.52

P2Y6M

1113000

371000

2.37

P3Y1M2D

1120000

746667

2.32

P2Y3M14D

200000

50000

2.28

P3Y8M8D

614668

1.81

P0Y1M20D

589950

1.52

P4Y1M2D

3799618

1923335

P2Y6M7D

589950

1158000

45000

A further 200,000 share purchase options were issued with 50,000 vesting September 8, 2023 and 150,000 vesting when certain performance conditions are met.

200000

50000 150000 980000 1760000 950000 1650000 30000.00 110000

<div> <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Period ended</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2024</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap">August 31, 2023</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Risk-free interest rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">4.48%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-top:0.75pt solid #000000;text-align:center;background-color:#e6efff">3.45%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Expected life of options</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">4.1 years</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">3.9 years</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Annualized volatility1</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center;background-color:#e6efff">79%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center;background-color:#e6efff">89%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt">Forfeiture rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">0.9%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;text-align:center">0.6%</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff">Dividend rate</td> <td style="width:30%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">0.0%</td> <td style="width:28%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:middle;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">0.0%</td> </tr> <tr> <td colspan="3" style="margin-top:0pt;margin-bottom:0pt">1The Company uses its historical volatility as the basis for the expected volatility assumption in the Black Scholes option pricing model.</td> </tr> </table> </div> </div> </div>

0.0448

0.0345

4.1

3.9

0.79

0.89

0.009 0.006

183000 178000 34000 143000 861568 405000 496000 381000 476000 23000 20000 297099 533327 0

<div> 10. NON-CONTROLLING INTEREST <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:32%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:5.03pt;padding-left:5.4pt;border-top:1.5pt solid #000000;text-align:justify;white-space:nowrap">Company </td> <td colspan="2" style="width:18%;border-style:solid;border-width:1.5pt 0.75pt 0.75pt;padding-right:5.03pt;padding-left:5.03pt;vertical-align:top;border-color:#000000;text-align:center;white-space:nowrap">Legal ownership held by non-controlling interests</td> <td colspan="2" style="width:18%;border-style:solid;border-width:1.5pt 0.75pt 0.75pt;padding-right:5.03pt;padding-left:5.03pt;vertical-align:top;border-color:#000000;text-align:center;white-space:nowrap">Loss allocated to non-controlling interests</td> <td colspan="2" style="border-left:0.75pt solid #000000;width:21%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:5.4pt;padding-left:5.03pt;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap">Accumulated non-controlling interests</td> </tr> <tr> <td style="width:32%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:justify"> </td> <td style="border-left:0.75pt solid #000000;width:8%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2024</td> <td style="width:8%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2023</td> <td style="border-left:0.75pt solid #000000;width:8%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2024</td> <td style="width:8%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2023</td> <td style="border-left:0.75pt solid #000000;width:9%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">2024</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2023</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;background-color:#e6efff">Mnombo Wethu Consultants (Pty) Limited</td> <td style="margin-top:0pt;margin-bottom:0pt;border-left:0.75pt solid #000000;padding-left:6pt;padding-right:6pt;background-color:#e6efff;text-align:center">50.1%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center;background-color:#e6efff">50.1%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff">-</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center;background-color:#e6efff">-</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:right;background-color:#e6efff">$ 8,874</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;text-align:right;background-color:#e6efff">$ 8,503</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt">Waterberg JV Co1</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center">63.19%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center">63.05%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center">-</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center">-</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:right">14,130</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;text-align:right">13,142</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-bottom:1.5pt solid #000000;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-bottom:1.5pt solid #000000;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">Total</td> <td style="border-left:0.75pt solid #000000;width:9%;vertical-align:top;border-bottom:1.5pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff">$23,004</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;background-color:#e6efff">$ 21,645</td> </tr> </table> </div> 1Includes the 26% owned by Mnombo </div> </div>

<div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="width:32%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:5.03pt;padding-left:5.4pt;border-top:1.5pt solid #000000;text-align:justify;white-space:nowrap">Company </td> <td colspan="2" style="width:18%;border-style:solid;border-width:1.5pt 0.75pt 0.75pt;padding-right:5.03pt;padding-left:5.03pt;vertical-align:top;border-color:#000000;text-align:center;white-space:nowrap">Legal ownership held by non-controlling interests</td> <td colspan="2" style="width:18%;border-style:solid;border-width:1.5pt 0.75pt 0.75pt;padding-right:5.03pt;padding-left:5.03pt;vertical-align:top;border-color:#000000;text-align:center;white-space:nowrap">Loss allocated to non-controlling interests</td> <td colspan="2" style="border-left:0.75pt solid #000000;width:21%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:5.4pt;padding-left:5.03pt;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap">Accumulated non-controlling interests</td> </tr> <tr> <td style="width:32%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:justify"> </td> <td style="border-left:0.75pt solid #000000;width:8%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2024</td> <td style="width:8%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2023</td> <td style="border-left:0.75pt solid #000000;width:8%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2024</td> <td style="width:8%;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:center;white-space:nowrap">2023</td> <td style="border-left:0.75pt solid #000000;width:9%;vertical-align:top;border-bottom:0.75pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">2024</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2023</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;background-color:#e6efff">Mnombo Wethu Consultants (Pty) Limited</td> <td style="margin-top:0pt;margin-bottom:0pt;border-left:0.75pt solid #000000;padding-left:6pt;padding-right:6pt;background-color:#e6efff;text-align:center">50.1%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center;background-color:#e6efff">50.1%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff">-</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center;background-color:#e6efff">-</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:right;background-color:#e6efff">$ 8,874</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;text-align:right;background-color:#e6efff">$ 8,503</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt">Waterberg JV Co1</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center">63.19%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center">63.05%</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:center">-</td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;text-align:center">-</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-left:0.75pt solid #000000;text-align:right">14,130</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;text-align:right">13,142</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;padding-left:6pt;padding-right:6pt;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-bottom:1.5pt solid #000000;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-bottom:1.5pt solid #000000;border-left:0.75pt solid #000000;text-align:center;background-color:#e6efff"> </td> <td style="width:8%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-right:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:center;background-color:#e6efff">Total</td> <td style="border-left:0.75pt solid #000000;width:9%;vertical-align:top;border-bottom:1.5pt solid #000000;padding-right:6pt;padding-left:6pt;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff">$23,004</td> <td style="width:9%;padding-right:6pt;padding-left:6pt;vertical-align:top;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;background-color:#e6efff">$ 21,645</td> </tr> </table> </div> 1Includes the 26% owned by Mnombo </div>

0.501

8874000

8503000

0.6319

0.6305

14130000

13142000

23004000

21645000

0.26

<div> <div> 11. RELATED PARTY TRANSACTIONS All amounts receivable and amounts payable owing to or from related parties are non-interest bearing with no specific terms of repayment. Transactions with related parties are as follows: (a) During the year ended August 31, 2024 $327 (August 31, 2023 - $314) was paid or accrued to independent directors for directors' fees and services. (b) During the year ended August 31, 2024, the Company paid or accrued payments of $53 (August 31, 2023 - $53) from West Vault Mining Inc., for accounting and administrative services. The Company and West Vault Mining have one officer in common (Frank Hallam). (c) In May 2018, Deepkloof made a strategic investment in the Company by way of participation in a public offering and a private placement. Through the terms of the May 2018 private placement, HCI acquired a right to nominate one person to the board of directors of the Company and a right to participate in future equity financings of the Company to maintain its pro-rata interest. HCI has exercised its right to nominate one person to the board of directors. As of August 31, 2024, HCI's ownership of the Company was reported at 26,955,994 common shares, representing a 26.3% interest in the Company. In September 2023, HCI subscribed to a private placement for 2,118,645 common shares at US$1.18 per share for gross proceeds to the Company of $2.5 million, (see Share Capital (Note 9) for further details). </div> <div> <div></div> </div> <div> Key Management Compensation The remuneration the CEO, CFO and other key management personnel and the directors during the years ended August 31, 2022 to 2024 is as follows: <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Salaries</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">923</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">889</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Directors' fees</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">327</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">314</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Share-based payments - management</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">817</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">1,359</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Share-based payments - directors1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">164</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">14</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">2,231</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">2,576</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> 1Share-based payments - directors, includes the revaluation of fully vested DSU's </div> </div> </div>

327000 314000

53000

26955994 0.263 2118645 1.18 2500000

<div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Salaries</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">923</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">889</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Directors' fees</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">327</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">314</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Share-based payments - management</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">817</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">1,359</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom">Share-based payments - directors1</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">164</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%">14</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">2,231</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">2,576</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> 1Share-based payments - directors, includes the revaluation of fully vested DSU's </div>

923000

889000

327000

314000

817000

1359000

164000

14000

2231000

2576000

<div> 12. CONTINGENCIES AND COMMITMENTS The Company's remaining minimum payments under its office and equipment lease agreements in Canada and South Africa total approximately $0.4 million to February 2029. From period end the Company's aggregate commitments are as follows: <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td colspan="16" style="border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);border-left:0.75pt solid rgb(0, 0, 0);vertical-align:bottom;text-align:center;white-space:nowrap">Payments Due by Year</td> </tr> <tr> <td style="vertical-align:bottom;padding-right:5.03pt;padding-left:5.4pt;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">< 1 Year</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">1 - 3 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">4 - 5 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">> 5 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">Total</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Lease Obligations</td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">111</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;background-color:#e6efff">275</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">50</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;background-color:#e6efff">-</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="text-align:right;vertical-align:bottom;width:8%;background-color:#e6efff">436</td> <td style="text-align:left;vertical-align:bottom;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Environmental Bonds</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000">47</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000">142</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000">95</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="text-align:right;vertical-align:bottom;width:8%;border-bottom:0.75pt solid #000000">-</td> <td style="text-align:left;vertical-align:bottom;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="text-align:right;vertical-align:bottom;width:8%;border-bottom:0.75pt solid #000000">284</td> <td style="text-align:left;vertical-align:bottom;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Totals</td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000;background-color:#e6efff">158</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">417</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">145</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000;background-color:#e6efff">720</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> </div> Africa Wide Legal Action - Dismissed On April 26, 2018 a transaction was completed selling 100% of the share interests in Maseve Investments 11 (Pty) Ltd. ("Maseve") to Royal Bafokeng Platinum Limited ("RBPlat") in a transaction valued at approximately $74.0 million. Maseve owned and operated the Maseve Mine. Africa Wide Mineral Prospecting and Exploration Proprietary Limited ("Africa Wide") was required to simultaneously sell its 17.1% interest together with the Company's 82.9% interest in Maseve. In September 2018, Africa Wide instituted legal proceedings in South Africa against PTM RSA, RBPlat and Maseve seeking to set aside the sale of Maseve. A trial to hear evidence occurred in the High Court of South Africa in October, 2021. On June 14, 2022, the High Court dismissed Africa Wide's challenge. Africa Wide appealed the ruling, which was ultimately dismissed by the South Africa Supreme Court of Appeal on November 10, 2022. Africa Wide was ordered to make payment of the defendants' costs. On July 10, 2023, Africa Wide applied to the President of the Supreme Court of Appeal for a reconsideration of the November 10, 2022 ruling of the Supreme Court of Appeal. On October 6, 2023, the South African Supreme Court of Appeal dismissed Africa Wide's application. Africa Wide was again ordered to pay costs. On November 23, 2023, the High Court determined that Africa Wide owed the Company a total of R2.99 million in costs. On November 29, 2023, the Company served Africa Wide by sheriff a demand for payment. On January 30, 2024, at the offices of Africa Wide's parent company Wesizwe Platinum Ltd. ("Wesizwe"), the Company attempted to serve Africa Wide with a writ of execution. Wesizwe refused to accept delivery. On February 4, 2024 Africa Wide paid the Company R2.99 million (approximately $159 on that date), which was credited against legal fees in general and administration expenses for the period. </div>

400000 <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td colspan="16" style="border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);border-left:0.75pt solid rgb(0, 0, 0);vertical-align:bottom;text-align:center;white-space:nowrap">Payments Due by Year</td> </tr> <tr> <td style="vertical-align:bottom;padding-right:5.03pt;padding-left:5.4pt;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">< 1 Year</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">1 - 3 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">4 - 5 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">> 5 Years</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;padding-left:6pt;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap">Total</td> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid rgb(0, 0, 0);white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff">Lease Obligations</td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">111</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;background-color:#e6efff">275</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">50</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;background-color:#e6efff">-</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;padding-left:6pt;background-color:#e6efff">$</td> <td style="text-align:right;vertical-align:bottom;width:8%;background-color:#e6efff">436</td> <td style="text-align:left;vertical-align:bottom;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Environmental Bonds</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000">47</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000">142</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000">95</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="text-align:right;vertical-align:bottom;width:8%;border-bottom:0.75pt solid #000000">-</td> <td style="text-align:left;vertical-align:bottom;width:2%;border-bottom:0.75pt solid #000000"> </td> <td style="text-align:left;vertical-align:bottom;width:1%;border-bottom:0.75pt solid #000000;padding-left:6pt"> </td> <td style="text-align:right;vertical-align:bottom;width:8%;border-bottom:0.75pt solid #000000">284</td> <td style="text-align:left;vertical-align:bottom;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Totals</td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000;background-color:#e6efff">158</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">417</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">145</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:1%;text-align:left;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:8%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;padding-left:6pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;border-bottom:0.75pt solid #000000;background-color:#e6efff">720</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> </div>

111000

275000

50000

436000

47000

142000

95000

284000

158000

417000

145000

720000

74000000

0.171

0.829

2990000 2990000 159000

<div> <div> 13. SUPPLEMENTARY CASH FLOW INFORMATION Net change in non-cash working capital: </div> <div></div> <div> <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-indent:1.05pt">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;text-indent:1.05pt"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-indent:1.05pt;text-align:left;background-color:#e6efff">Amounts receivable, prepaid expenses and other assets</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">48</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(172</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-indent:1.05pt">Accounts payable and other liabilities</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">271</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">(473</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;text-indent:1.05pt;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%;background-color:#e6efff">319</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(645</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> </table> </div> At August 31, 2024 $293 of accounts payable was capitalized to the Waterberg Project (August 31, 2023 $696). </div> </div>

48000

-172000

271000

-473000

-319000

645000

293000 696000

<div> 14. SEGMENTED REPORTING The Company operates in one segment being the development of the Waterberg Project in South Africa. The Company operates in two geographical areas being Canada and South Africa. All of the Company’s non-current assets are held in South Africa. <table cellpadding="0" cellspacing="0" style="width:70%;border-collapse:collapse;font-size:10pt;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">At August 31, 2024</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap;text-align:right">Assets</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Canada</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">3,773</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">South Africa</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right">48,320</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">52,093</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">At August 31, 2023</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap;text-align:right">Assets</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Canada</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">5,787</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">South Africa</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right">44,234</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">50,021</td> </tr> </table> </div>

<table cellpadding="0" cellspacing="0" style="width:70%;border-collapse:collapse;font-size:10pt;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">At August 31, 2024</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap;text-align:right">Assets</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Canada</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">3,773</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">South Africa</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right">48,320</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">52,093</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">At August 31, 2023</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap;text-align:right">Assets</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;background-color:#e6efff">Canada</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;background-color:#e6efff;text-align:right">5,787</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000">South Africa</td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right"> </td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:top;text-align:right">44,234</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="width:1%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">$</td> <td style="width:19%;padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;background-color:#e6efff;text-align:right">50,021</td> </tr> </table>

3773000

48320000

52093000

5787000

44234000

50021000

<div> <div> 15. GENERAL AND ADMINISTRATIVE EXPENSES <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">GENERAL AND ADMINISTRATIVE EXPENSES</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Year Ending August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Year Ending August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff">Salaries and benefits</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">1,244</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">1,220</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Technical consulting fees</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">388</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">549</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Accounting</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">350</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">383</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Legal</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">333</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">320</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Legal Recovery (Wesizwe)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(160</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom"> Insurance</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">328</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">353</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Regulatory fees</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">219</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">209</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Shareholder relations</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">189</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">184</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Travel</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">144</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">282</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">72</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">83</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Other</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">315</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">311</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%">3,422</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%">3,894</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div>

<table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">GENERAL AND ADMINISTRATIVE EXPENSES</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Year Ending August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Year Ending August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff">Salaries and benefits</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">1,244</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">1,220</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Technical consulting fees</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">388</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">549</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Accounting</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">350</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">383</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Legal</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">333</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">320</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Legal Recovery (Wesizwe)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(160</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom"> Insurance</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">328</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">353</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Regulatory fees</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">219</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">209</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Shareholder relations</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">189</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">184</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff">Travel</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">144</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">282</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">72</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">83</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Other</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">315</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10%;background-color:#e6efff">311</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%">3,422</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:10%">3,894</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table>

1244000

1220000

388000

549000

350000 383000 333000 320000 -160000 0

328000

353000

219000 209000 189000 184000

144000

282000

72000

83000

315000

311000

3422000

3894000

<div> 16. CAPITAL RISK MANAGEMENT The Company's objectives in managing its liquidity and capital are to safeguard the Company's ability to continue as a going concern and provide financial capacity to meet its strategic objectives. The capital structure of the Company consists of share capital, contributed surplus, accumulated other comprehensive loss and accumulated deficit. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may issue new shares, issue new debt, acquire or dispose of assets. In order to facilitate the management of its capital requirements, the Company regularly updates the Board of Directors with regard to budgets, forecasts, results of capital deployment and general industry conditions. The Company does not currently declare or pay out dividends. </div>

<div> <div> 17. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Financial Instruments The fair value hierarchy establishes three levels to classify the inputs of valuation techniques used to measure fair value. As required by IFRS 13, Fair Value Measurement, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The three levels of the fair value hierarchy are described below: <ul style="padding-left:0pt;margin-top:0pt;list-style-type:disc"> <li style="margin-left:63.6pt;text-align:justify;padding-left:8.4pt">Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities;</li> <li style="margin-left:63.6pt;text-align:justify;padding-left:8.4pt">Level 2: Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and</li> <li style="margin-left:63.6pt;text-align:justify;padding-left:8.4pt">Level 3: Inputs that are unobservable (supported by little or no market activity).</li> </ul> The fair values of the Company's cash and cash equivalents, trade and other payables approximate their carrying values, which are the amounts recorded on the consolidated statement of financial position, due to their short-term nature. The Company's other liabilities are categorized as Level 2 Risk Management The Company examines the various financial risks to which it is exposed and assesses the impact and likelihood of occurrence. These risks may include credit risk, liquidity risk, currency risk, interest rate risk and other price risks. (a) Credit risk Credit risk arises from the risk that the financial asset counterparty, may default or not meet its obligations timeously. The Company minimizes credit risk by monitoring the reliability of counterparties to settle assets. The maximum exposure to the credit risk is represented by the carrying amount of all the financial assets. (i) Cash In order to manage credit and liquidity risk the Company holds cash only with Canadian chartered and South African banks. The Company limits its exposure to credit loss by placing the majority of its cash and cash equivalents with two major financial institutions in Canada and South Africa and investing only in short-term obligations that are guaranteed by the Canadian government or by Canadian and US chartered banks with expected credit losses estimated to be de minimis. </div> <div> <div></div> </div> <div> (ii) Performance Bonds In order to explore and develop its properties in South Africa, the Company was required to post performance bonds as financial guarantees against future reclamation work. These funds are held with Standard Bank of South Africa Limited with the DMR as beneficiary in accordance with the Mineral and Petroleum Resources Development Act (the "MPRDA") and the Company's environmental management programme. (b) Liquidity risk The Company has in place a planning and budgeting process to help determine the funds required to support the Company's normal operating requirements and its exploration and development plans. The Company regularly updates the Board of Directors with regard to budgets, forecasts, results of capital deployment and general industry conditions. The Company will be required to source additional financing by way of private or public offerings of equity or debt or the sale of project or property interests in order to have sufficient cash to make debt repayments and working capital for continued exploration on the Waterberg Projects, as well as for general working capital purposes. Any failure by the Company to obtain additional required financing on acceptable terms could cause the Company to delay development of its material projects or could result in the Company being forced to sell some of its assets on an untimely or unfavourable basis. Any such delay or sale could have a material and adverse effect on the Company's financial condition, results of operations and liquidity. (c) Currency risk The Company's functional currency is the Canadian dollar, while the consolidated presentation currency is the United States Dollar. The functional currency of all South African subsidiaries is the Rand. The Company's operations are in both Canada and South Africa; therefore, the Company's results are impacted by fluctuations in the value of foreign currencies in relation to the Rand and Canadian and United States dollars. The Company's significant foreign currency exposures on financial instruments comprise cash, accounts payable and accrued liabilities. The Company has not entered into any agreements or purchased any instruments to hedge possible currency risks at this time. The Company is exposed to foreign exchange risk through the following financial instruments denominated in a currency other than Canadian dollars: <div style="margin-left:24pt"> <table cellpadding="0" cellspacing="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:2.25pt solid #000000;background-color:#e6efff">Cash (Rand)</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">529</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1,918</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom">Cash (USD)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,147</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">4,934</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;background-color:#e6efff">Accounts receivable (Rand)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">197</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">176</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-bottom:2.25pt solid #000000">Accounts payable (Rand)</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:right;width:12%">328</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:right;width:12%">434</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> The Company's comprehensive loss is affected by changes in the exchange rate between its operating currencies and the United States dollar. At August 31, 2024, based on this exposure a 10% strengthening/weakening in the United States dollar versus Rand foreign exchange rate and Canadian dollar would give rise to a decrease/increase in comprehensive loss for the year presented of approximately $4.1 million, (August 31, 2023 - $4.6 million). (d) Interest rate risk </div> <div> <div></div> </div> <div> The Company's interest income earned on cash and on short term investments is exposed to interest rate risk. At August 31, 2024, based on this exposure an increase/decrease of 1% (e.g. 4% to 5%) in the average interest rate would give rise to an increase/decrease in the net loss for the year of approximately $37. At August 31, 2023, the carrying amounts of cash, amounts receivable, performance bonds and accounts payable and accrued liabilities are considered to be reasonable approximations of their fair values due to the short-term nature of these instruments. </div> </div>

<table cellpadding="0" cellspacing="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">August 31, 2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt solid #000000"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-top:2.25pt solid #000000;background-color:#e6efff">Cash (Rand)</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">529</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:right;width:12%;background-color:#e6efff">1,918</td> <td style="vertical-align:bottom;border-top:2.25pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom">Cash (USD)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,147</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">4,934</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;background-color:#e6efff">Accounts receivable (Rand)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">197</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">176</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:30pt;vertical-align:bottom;border-bottom:2.25pt solid #000000">Accounts payable (Rand)</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:right;width:12%">328</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:right;width:12%">434</td> <td style="vertical-align:bottom;border-bottom:2.25pt solid #000000;text-align:left;width:2%"> </td> </tr> </table>

529000

1918000

3147000

4934000

197000

176000

328000

434000

0.10

4100000

4600000

0.01

37000

<div> <div> 18. INCOME TAXES The income taxes shown in the consolidated earnings differ from the amounts obtained by applying statutory rates to the earnings before provision for income taxes due to the following: <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;white-space:nowrap">2024</td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Loss before income taxes</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:1%;background-color:#e6efff">$</td> <td style="padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff"> 4,576 </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">5,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Income tax recovery at statutory rates</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> (1,235 </td> <td style="padding-right:5.4pt;vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(1,518</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Difference of foreign tax rates</td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%"> (3 </td> <td style="vertical-align:bottom;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(7</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Non-deductible expenses and non-taxable portion of capital gains</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> 733 </td> <td style="vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">921</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Changes in unrecognized deferred tax assets and other</td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%"> 536 </td> <td style="vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">646</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Income tax expense</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff"> 31 </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">42</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify"> </td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Income tax expense consists of:</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;text-align:justify">Current income taxes</td> <td style="vertical-align:bottom;text-align:right;width:1%">$</td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Deferred income taxes</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">31</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">42</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">31</td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">42</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> The gross movement on the net deferred income tax account is as follows: <div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Deferred tax liability at the beginning of the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Tax expense relating to the loss from continuing operations</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(31</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(42</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(230, 239, 255)">Tax recovery relating to components of other comprehensive loss</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)">31</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)">42</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:justify;background-color:rgb(255, 255, 255)">Deferred tax liability at the end of the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> The significant components of the Company's net deferred income tax liabilities are as follows: <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Mineral properties</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> $ </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(2,221</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> $ </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(2,090</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Loss carry-forwards</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%"> 2,221 </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">2,090</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td colspan="3" style="vertical-align:bottom;text-align:justify">Unrecognized deductible temporary differences, unused tax losses and unused tax credits are attributed to the following: </td> <td style="vertical-align:bottom;text-align:justify"> </td> <td style="vertical-align:bottom;text-align:justify"> </td> <td style="vertical-align:bottom;text-align:justify"> </td> <td style="vertical-align:bottom;text-align:justify"> </td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2024</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Tax Losses:</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Operating loss carry-forwards - Canada</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">162,555</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">158,670</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(230, 239, 255);border-bottom:1px solid black">Operating loss carry-forwards - South Africa</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255);border-bottom:1px solid black"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255);border-bottom:1px solid black">112,981</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255);border-bottom:1px solid black"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255);border-bottom:1px solid black"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255);border-bottom:1px solid black">133,524</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255);border-bottom:1px solid black"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">275,536</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%">292,194</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> <div></div> <div> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Temporary Differences:</td> <td style="vertical-align:bottom;text-align:justify;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Mineral properties</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">7,416</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">7,394</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Financing Costs</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,272</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,948</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Property, plant and equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">692</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">675</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(230, 239, 255)"> Foreign Exchange </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)"> 27,807 </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:justify">Other</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%">1,244</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%">1,111</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:justify;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(230, 239, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(230, 239, 255)">38,431</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(230, 239, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(230, 239, 255)">11,128</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> </tr> </table> </div> </div> </div> <div> The aggregate amount of taxable temporary differences associated with investments in subsidiaries for which deferred taxes have not been recognized, as at August 31, 2024 was $17.9 million (2023 - $Nil). The Company's Canadian operating loss carry-forwards expire between 2026 and 2040. The Company's South African operating loss carry-forwards do not expire. The Company's Canadian unused investment tax credit carry-forwards expire between 2029 and 2035. The Company's Canadian net capital loss carry-forwards do not expire. </div> </div>

<table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;white-space:nowrap">2024</td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Loss before income taxes</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify;width:1%;background-color:#e6efff">$</td> <td style="padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff"> 4,576 </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">5,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Income tax recovery at statutory rates</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> (1,235 </td> <td style="padding-right:5.4pt;vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(1,518</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Difference of foreign tax rates</td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%"> (3 </td> <td style="vertical-align:bottom;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(7</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Non-deductible expenses and non-taxable portion of capital gains</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> 733 </td> <td style="vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">921</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify">Changes in unrecognized deferred tax assets and other</td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%"> 536 </td> <td style="vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">646</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Income tax expense</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff"> 31 </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">42</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify"> </td> <td style="vertical-align:bottom;text-align:justify;width:1%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:#e6efff">Income tax expense consists of:</td> <td style="vertical-align:bottom;text-align:justify;width:1%;background-color:#e6efff"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;text-align:justify">Current income taxes</td> <td style="vertical-align:bottom;text-align:right;width:1%">$</td> <td style="padding-left:5.75pt;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Deferred income taxes</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:1%;background-color:#e6efff"> </td> <td style="padding-left:5.75pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">31</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">42</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:26.75pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">31</td> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">42</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> </table>

4576000

5621000

-1235000

-1518000

-3000

-7000

733000

921000

536000

646000

31000

42000

31000

42000

31000

42000

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:justify"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2024</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">2023</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:justify;background-color:#e6efff">Deferred tax liability at the beginning of the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom">Tax expense relating to the loss from continuing operations</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(31</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(42</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(230, 239, 255)">Tax recovery relating to components of other comprehensive loss</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)">31</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(230, 239, 255)">42</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(230, 239, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:justify;background-color:rgb(255, 255, 255)">Deferred tax liability at the end of the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td> </tr> </table>

31000 42000

31000

42000

2221000

2090000

2221000

2090000

162555000

158670000

112981000

133524000

275536000

292194000

7416000

7394000

1272000

1948000

692000

675000

27807000

1244000

1111000

38431000

11128000

17900000