NOTE 7 - LEASE OBLIGATION: Lease Expense and Supplemental Cash Flow Information related to Lease (Tables)

12 Months Ended

Jun. 30, 2022

Tables/Schedules

Lease Expense and Supplemental Cash Flow Information related to Lease

	Year ended June 30, 2022		Year ended June 30, 2021
Lease Cost:
Financing lease cost included in exploration and mine costs for fiscal 2022 and 2021 is $6,090 and $18,272 and $97 and $1,933 in interest expense in Company’s audited consolidated statement of operations, respectively		$   6,187	$    20,205
Cash paid for amounts included in the measurement of lease liabilities for the year ended June 30, 2022 and 2021		$   4,500	$     18,000
Other Information:
Remaining lease term - operating lease (in years)		-	0.333
Discount rate - financing lease		12.0%	12.0%
Effective rate - financing lease		13.1%	13.1%

	As of June 30, 2022	As of June 30, 2021
Financing lease:
Right-of-use asset, net	$      -		$     17,098
Financing lease liability - current portion	$      -		$       4,403
Long-term portion	-		-
Total operating lease liabilities	$      -		$       4,403

	Financing	Financing
Fiscal Year Ending 6/30:	Lease	Lease
2021		6,000
2022	-	-
Total lease payments	-	$       6,000
Less: Present value discount	-	(1,597)
Present value of lease liabilities	-	$      4,403