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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Operating activities      
Payments to suppliers and employees $ (24,240,649) $ (19,215,938) $ (15,954,550)
Receipts from third-parties 569,484 183,159 0
Interest paid (329,740) (120,313) (49,488)
Interest received 2,203,220 546,029 139,644
Net cash flows used in operating activities (21,797,685) (18,607,063) (15,864,394)
Investing activities      
Purchase of property, plant and equipment (16,963,016) (5,018,093) (2,077,794)
Proceeds from sale of property, plant and equipment 9,417 2,040,083 0
Purchases of intangible assets (6,678,750) 0 0
Purchase of exploration and evaluation assets (644,661) (3,051,559) (627,792)
Blacksand option prepayments 0 (500,000) (3,000,000)
Net cash flows used in investing activities (24,277,010) (6,529,569) (5,705,586)
Financing activities      
Proceeds from issue of shares 71,125,089 48,331,724 29,921,945
Share issue costs (2,615,882) (1,315,725) (1,511,182)
Repayment of borrowings (5,826) (5,970) (5,594)
Payment of principal portion of lease liabilities (511,749) (417,866) (512,660)
Net cash flows from financing activities 67,991,632 46,592,163 27,892,509
Net increase in cash and cash equivalents 21,916,937 21,455,531 6,322,529
Net foreign exchange differences (260,168) (236,116) (57,139)
Cash and cash equivalents at beginning of the year 33,157,356 11,937,941 5,672,551
Cash and cash equivalents at the end of the year 54,814,125 33,157,356 11,937,941
Supplemental cash flow information:      
Property, plant, equipment and intangible additions in accounts payable and other accrued liabilities $ 2,508,971 $ 734,708 $ 0