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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
11 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2023
Jun. 30, 2022
Operating activities      
Payments to suppliers and employees $ (3,562,589) $ (15,954,550) $ (12,112,577)
Interest paid (511) (49,488) (45,541)
Interest received 5,075 139,644 24,041
Net cash flows used in operating activities (3,558,025) (15,864,394) (12,134,077)
Investing activities      
Purchase of exploration and evaluation assets (504,750) (627,792) (1,926,479)
Purchase of property, plant and equipment (66,818) (2,077,794) (889,988)
Blacksand option prepayments 0 (3,000,000) 0
Purchase of financial assets 0 0 (250,000)
Net cash flows used in investing activities (571,568) (5,705,586) (3,066,467)
Financing activities      
Proceeds from issue of shares 3,592,745 29,921,945 19,865,225
Share issue costs (85,467) (1,511,182) (430,805)
Proceeds from borrowings 0 0 38,682
Repayment of borrowings 0 (5,594) (2,225)
Payment of principal portion of lease liabilities (6,473) (512,660) (78,778)
Net cash inflow on reverse acquisition 2,329,111 0 0
Net cash flows from financing activities 5,829,916 27,892,509 19,392,099
Net increase in cash and cash equivalents 1,700,323 6,322,529 4,191,555
Net foreign exchange differences (2,419) (57,139) (216,908)
Cash and cash equivalents at beginning of the year 0 5,672,551 1,697,904
Cash and cash equivalents at the end of the year $ 1,697,904 $ 11,937,941 $ 5,672,551