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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current Assets    
Cash and cash equivalents $ 7,238,489 $ 3,536,318
Trade and other receivables 72,110 33,977
Total Current Assets 7,310,599 3,570,295
Non-Current Assets    
Exploration and evaluation assets [1] 742,017 177,800
Property, plant and equipment 3,982 3,895
Total Non-Current Assets 745,999 181,695
TOTAL ASSETS 8,056,598 3,751,990
Current Liabilities    
Trade and other payables 1,989,084 483,427
Total Current Liabilities 1,989,084 483,427
TOTAL LIABILITIES 1,989,084 483,427
NET ASSETS 6,067,514 3,268,563
EQUITY    
Contributed equity 40,483,348 28,512,793
Reserves 1,966,308 1,180,095
Accumulated losses (36,382,142) (26,424,325)
TOTAL EQUITY $ 6,067,514 $ 3,268,563
[1] The ultimate recoupment of costs carried forward for exploration and evaluation is dependent on the successful development and commercial exploitation or sale of the respective areas of interest.