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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
Jun. 30, 2019
Jun. 30, 2018
Current Assets    
Cash and cash equivalents $ 4,432,150 $ 7,238,489
Trade and other receivables 59,679 72,110
Total Current Assets 4,491,829 7,310,599
Non-Current Assets    
Exploration and evaluation assets [1] 2,265,121 742,017
Property, plant and equipment 26,195 3,982
Total Non-Current Assets 2,291,316 745,999
TOTAL ASSETS 6,783,145 8,056,598
Current Liabilities    
Trade and other payables 2,144,071 1,989,084
Total Current Liabilities 2,144,071 1,989,084
TOTAL LIABILITIES 2,144,071 1,989,084
NET ASSETS 4,639,074 6,067,514
EQUITY    
Contributed equity 48,853,707 40,483,348
Reserves 1,990,135 1,966,308
Accumulated losses (46,204,768) (36,382,142)
TOTAL EQUITY $ 4,639,074 $ 6,067,514
[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.