The Company has capitalized acquisition costs on mineral properties as follows:


	March 31, 2025		June 30, 2024
Sleeper and other Nevada based Projects	$	25,783,685	$	25,733,685
Grassy Mountain and other Oregon based Projects		23,435,728		23,335,728
	$	49,219,413	$	49,069,413

Sleeper is located in Humboldt County, Nevada, approximately 26 miles northwest of the town of Winnemucca.

The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho.

During the three month period ended March 31, 2025, the Company made a payment to Nevada Select in the amount of $100,000 and completed the purchase of the Frost Claims.

During the nine month period ended March 31, 2025, the Company made a payment to Nevada Select in the amount of $50,000 under its option agreement to purchase the Bald Peak Claims.

The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. For the three and nine months ended March 31, 2025, no events or changes in circumstance are believed to have impacted recoverability of the Company’s long-lived assets. Accordingly, it was determined that no interim impairment was necessary.