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Interests in Subsidiaries (Tables)
12 Months Ended
Jun. 30, 2025
Schedule of Subsidiaries with Non-controlling Interests

The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries with non-controlling interests in accordance with the accounting policy described in note 1:

 

          Parent   Non-Controlling Interest 
   Principal Place of Business /      Ownership Interest   Ownership Interest   Ownership Interest   Ownership Interest   Ownership Interest   Ownership Interest 
   Country of  Class of   30-Jun-25   30-Jun-24   30-Jun-23   30-Jun-25   30-Jun-24   30-Jun-23 
Name  Incorporation  Shares   %   %   %   %   %   % 
                                
AKCM (Aust) Pty Ltd*  Australia   Ordinary    85%   85%   85%   15%   15%   15%
AK Operations LLC  USA   Ordinary    100%   100%   100%   -    -    - 
AK Custom Mining LLC  USA   Ordinary    100%   100%   100%   -    -    - 
Alaska Range Resources LLC  USA   Ordinary    100%   100%   100%   -    -    - 

 

* AKCM (Aust) Pty Ltd is the immediate parent of AK Operations LLC and AK Custom Mining LLC.
Schedule of Financial Information of Subsidiaries with Non-controlling Interests

Summarized financial information of subsidiaries with non-controlling interests that are material to the consolidated entity are set out below:

 

   30 June 2025   30 June 2024   30 June 2023 
   AKCM (Aust) Pty Ltd 
   30 June 2025   30 June 2024   30 June 2023 
   A$   A$   A$ 
             
Summarized statement of financial position               
Current assets   102,450    111,502    1,827,323 
Non-current assets   102,250,175    94,603,581    83,964,996 
                
Total assets   102,352,625    94,715,083    85,792,319 
                
Current liabilities   -    59,373    141,459 
                
Total liabilities   -    59,373    141,459 
                
Net assets   102,352,625    94,655,710    85,650,860 
                
Summarized statement of profit or loss and other comprehensive income               
Revenue   -    245    20,697 
Expenses   (556,908)   (707,872)   (601,690)
                
Loss before income tax expense   (556,908)   (707,627)   (580,993)
Income tax expense   -    -    - 
                
Loss after income tax expense   (556,908)   (707,627)   (580,993)
                
Other comprehensive income/(loss)   586,637    52,550    1,948,722 
                
Total comprehensive income/(loss)   29,729    (655,077)   1,367,729 
                
Statement of cash flows               
Net cash used in operating activities   (2,974)   (38,326)   (238,904)
Net cash used in investing activities   (3,225)   (1,665,045)   (13,239,174)
                
Net increase/(decrease) in cash and cash equivalents   (6,199)   (1,703,371)   (13,478,078)
                
Other financial information               
Loss attributable to non-controlling interests   (83,536)   (106,181)   (87,149)
Total comprehensive Income/(loss) attributable to non-controlling interests   4,459    (98,299)   205,159 
Accumulated non-controlling interests at the end of reporting period   (514,541)   (431,005)   (324,861)