XML 19 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Operating activities      
Payments to suppliers and employees $ (7,713,845) $ (1,365,603) $ (446,188)
Interest received 131,849 34,008 43,203
Net cash flows used in operating activities (7,581,996) (1,331,595) (402,985)
Investing activities      
Purchase of exploration and evaluation assets (564,217) (177,800) 0
Purchase of property, plant and equipment (1,346) (4,055) 0
Payment of deposits (36,617) 0 0
Proceeds from sale of available-for-sale investments 0 0 77,895
Net cash flows used in investing activities (602,180) (181,855) 77,895
Financing activities      
Proceeds from issue of shares 12,491,525 3,840,034 0
Share issue costs (657,716) (236,003) 0
Net cash flows from financing activities 11,833,809 3,604,031 0
Net increase/(decrease) in cash and cash equivalents 3,649,633 2,090,581 (325,090)
Net foreign exchange differences 52,538 65,379 (56,438)
Cash and cash equivalents at beginning of year 3,536,318 1,380,358 1,761,886
Cash and cash equivalents at the end of the year $ 7,238,489 $ 3,536,318 $ 1,380,358