PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jan. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following:

	January 31, 2016						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		2,440,105		(2,140,350)		299,755		2,452,572		(2,019,996)		432,576
Logging Equipment and Vehicles		1,962,895		(1,766,587)		196,308		1,962,895		(1,714,908)		247,987
Computer Equipment		584,568		(542,068)		42,500		615,064		(573,355)		41,709
Furniture and Fixtures		172,215		(167,112)		5,103		182,802		(176,726)		6,076
Land		175,144		-		175,144		175,144		-		175,144
	$	12,154,015	$	(5,390,050)	$	6,763,965	$	12,207,565	$	(5,258,918)	$	6,948,647

During the three and six months ended January 31, 2016, 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 and six months ended January 31, 2016.