XML 99 R15.htm IDEA: XBRL DOCUMENT v3.24.0.1
Office and Equipment
12 Months Ended
Oct. 31, 2023
Office and Equipment [Abstract]  
OFFICE AND EQUIPMENT
9.OFFICE AND EQUIPMENT

 

   Mining Equipment   Computer Equipment and Software   Office Equipment   Vehicles   Total 
Cost                    
Balance, October 31, 2021   117,502    9,331    
—  
    
—  
   $126,833 
Acquisition (Note 4)   
—  
    
—  
    
—  
    42,184    42,184 
Additions   
—  
    
—  
    7,282    36,503    43,785 
Balance, October 31, 2022   117,502    9,331    7,282    78,687    212,802 
Additions   4,666    
—  
    
 
    24,545    29,211 
Balance, October 31, 2023   122,168    9,331    7,282    103,232   $242,013 
                          
Accumulated depreciation                         
Balance, October 31, 2021   14,033    7,634    
—  
    
—  
   $21,667 
Depreciation expense   23,500    1,697    1,618    6,020    32,835 
Balance, October 31, 2022   37,533    9,331    1,618    6,020    54,502 
Depreciation expense   24,200    
—  
    2,427    13,705    40,332 
Balance, October 31, 2023   61,733    9,331    4,045    19,725   $94,834 
                          
Net book value                         
Balance, October 31, 2022   79,969    
—  
    5,664    72,667   $158,300 
Balance, October 31, 2023   60,435    
—  
    3,237    83,507   $147,179 

 

During the year ended October 31, 2023, the Company acquired mining equipment of $4,666 and vehicles of $24,545. Included in exploration expenses is $37,905 (2022 - $31,217) of depreciation on mining equipment and vehicles.

 

During the year ended October 31, 2022, the Company acquired vehicles of $42,184 from acquisition of Ekidos. (Note 4). As of October 31, 2022, software of $1,955 and office equipment of $799 had been expensed.