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Right-of-Use Assets
12 Months Ended
Jun. 30, 2025
Right-of-Use Assets

 

12.Right-of-Use Assets

 

Effective June 15, 2023, the Company entered into a lease agreement for mining equipment used in its E&E activities, for a term of two years. As at June 30, 2025, 2024 and 2023, the Company’s leased equipment classified as right-of-use (“ROU”) assets are as follows:

 

   June 30, 2025   June 30, 2024   June 30, 2023 
    $    $    $ 
Cost, beginning of year   63,360    63,360     
Additions for right-of-use assets           63,360 
Balance, end of year   63,360    63,360    63,360 
                

Accumulated Amortization, beginning of year

   34,320    2,640     
Depreciation   29,040    31,680    2,640 
Accumulated Amortization, end of year   63,360    34,320    2,640 
                
Net Book Value       29,040    60,720