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Investment in Joint Venture (Tables)
12 Months Ended
Jun. 30, 2025
Investment in Joint Venture [Abstract]  
Schedule of Investment in Joint Venture
   30 June
2025
$
   30 June
2024
$
 
Shares in Tanbreez Mining Greenland A/S   107,856,418    5,000,000 
Investment in joint venture accounted for using the equity method   107,856,418    5,000,000 
Movement in the carrying amount of the investment in joint venture
   30 June
2025
$
   30 June
2024
$
 
Balance at beginning of year   5,000,000    
-
 
Purchase of unlisted investments (i)   96,850,000    5,000,000 
Cash investments   2,060,000    
-
 
Invoices paid by the Company on behalf of the joint venture   3,244,440    
-
 
Share of profits of joint venture recognised during the year   701,978    
-
 
Investment in joint venture accounted for using the equity method   107,856,418    5,000,000 

 

(i)On 5 June 2024, CRML entered into a heads of agreement to acquire 92.5% of the issued capital of Rimbal Pty Ltd (Vendor) which is the registered holder of 92.5% of the issued capital of Tanbreez which holds the only exploitation permit for rare earths in Greenland (HOA). The HOA was comprised of the following stages:
Schedule of Financial Information Based on Unaudited Accounts Summarised financial information based on unaudited accounts
   30 June
2025
$
   30 June
2024
$
 
Current assets   996,563    49 
Non-current assets   36,097,737    29,404,748 
Current liabilities   (33,568,680)   (27,827,175)
Equity   (3,525,620)   1,577,623 
Group’s carrying amount of the investment   107,856,418    5,000,000 
Schedule of Revenue and Other Income
   30 June
2025
$
   30 June
2024
$
 
Revenue and other income   2,989,508    (5,431)
Depreciation   (154)   
-
 
Profit before tax   1,671,378    (1,036,506)
Income tax expense   
-
    
-
 
Profit/(loss) for the year   1,671,378    (1,036,506)
Total comprehensive income/(loss) for the year   
-
    
-
 
Group’s share of profit for the year   701,979    
-