In addition to the commitment relating to the Company’s purchase of joint venture interests from AGEI (see Note 4), it has the following commitments and contingencies:

A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements with various terms, obligations, and royalties payable in certain circumstances.

The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it expects annual fees to total approximately $255,500 per year in the future, or which $105,778 is for the two joint venture mineral property interests (See Note 4).

As of September 30, 2018, the Company has real estate lease commitments for certain mineral properties totaling $82,000. The Company’s office in Coeur d’Alene, Idaho and its facilities in Eureka, Nevada are rented on a month-to-month basis.

Commitments for mineral exploration and real estate lease expense is included in the following line items in the Consolidated Statements of Operations and Comprehensive Income (Loss):

		Year Ended September 30,
		2018		2017
Mineral exploration expenses	$	337,500	$	51,600
Other general and administrative expenses		42,000		42,000
Total	$	379,500	$	93,600

As described in Note 4, the Company is required to issue an additional 5,000,000 warrants to AGEI if the Company meets its 2018 work commitment of $500,000 by December 31, 2018. As of the date of this report, meeting the work commitment is likely.