June 30,

2022

2021

Exploration and evaluation assets – at cost

$

3,218,228

$

3,108,073

The capitalized exploration and evaluation assets carried forward above have been determined as follows:

Balance at the beginning of the year

$

3,108,073

$

2,988,921

Expenditure incurred during the year

110,155

119,152

Balance at the end of the year

$

3,218,228

$

3,108,073