PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Oct. 31, 2015

PROPERTY, PLANT AND EQUIPMENT [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

		October 31, 2015							July 31, 2015
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Depreciation			Value		Cost		Depreciation			Value
Hobson Processing Facility	$	6,819,088	$	(773,933	)	$	6,045,155	$	6,819,088	$	(773,933	)	$	6,045,155
Mining Equipment		2,452,572		(2,087,081	)		365,491		2,452,572		(2,019,996	)		432,576
Logging Equipment and Vehicles		1,962,895		(1,745,666	)		217,229		1,962,895		(1,714,908	)		247,987
Computer Equipment		630,469		(580,213	)		50,256		615,064		(573,355	)		41,709
Furniture and Fixtures		182,802		(177,211	)		5,591		182,802		(176,726	)		6,076
Land		175,144		-			175,144		175,144		-			175,144
	$	12,222,970	$	(5,364,104	)	$	6,858,866	$	12,207,565	$	(5,258,918	)	$	6,948,647

During the three months ended October 31, 2015, no uranium concentrate was processed at the Hobson Processing Facility due to the further reduced operations at the Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on the consolidated financial statements for the three months ended October 31, 2015.