Other Financial Assets at Fair Value Through Profit or Loss

12 Months Ended

Jun. 30, 2025

Other Financial Assets at Fair Value Through Profit or Loss

Note 9. Other Financial Assets at Fair Value Through Profit or Loss

	Consolidated
	30 June 2025			30 June 2024
	A$			A$
Non-Current Assets
Investments in Asra Minerals Limited at fair value		255,537			511,073
Investment in Alaska Asia Clean Energy Corp		205,887			205,887
Less: Provision for impairment (1)		(154,416	)		-
		51,471			205,887
Loans granted to related parties note 23		-			62,226
Loan to Alaska Asia Clean Energy Corp *		1,919,526			1,150,135
Less: Provision for impairment (1)		(1,439,644	)		-
		786,890			1,929,321

* This loan is recorded at amortized cost not fair value

1) A provision has been recognized in relation to a the investment and receivable held at fair value in accordance with IFRS 9. However, management has assessed that the consolidated entity retains legally enforceable rights to the outstanding amount and considers the amount to be recoverable

	Consolidated
	30-Jun-25			30-Jun-24
	A$			A$
Reconciliation Investments at Fair Value
Reconciliation of the carrying amounts at the beginning and end of the current and previous financial year are set out below:
Opening balance		716,960			1,425,911
Addition
AX8 Shares		-			51,464
Asra Minerals Shares		-			125,000
Gain on Disposal
AX8 Shares		-			(51,464	)
Movement in Fair Value
Alaska Asia Clean Energy Corp		(154,416	)
Asra Minerals Shares		(255,536	)		(787,443	)
Asra Minerals ASROB options		-			(46,508	)
Closing fair value		307,008			716,960

The Investment in Asra Minerals Limited comprises shares and options held by the group measured at fair value. The group shareholding in Asra Minerals comprises 3.2% ownership.

Notes to the Consolidated Financial Statements

For the Year Ended 30 June 2025