​

  ​ ​ ​

Note

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Acquisition costs:

  ​

​

  ​

​

  ​

Acquisition costs, opening

  ​

​

$

197,635,680

​

$

227,424,953

Additions

9a

​

163,790

​

856,259

Asset retirement obligation change in estimate

10

​

349,848

​

(75,608)

Acquisition costs in disposal group

6a

​

—

​

(7,736,915)

Disposals and impairment of assets

9b

​

(1,229,454)

​

(33,853,518)

Foreign exchange movement

  ​

​

(5,727,932)

​

11,020,509

Acquisition costs, closing

  ​

​

$

191,191,932

​

$

197,635,680

​

​

​

​

​

​

​

​

​

Exploration and evaluation costs:

  ​

​

  ​

​

  ​

Exploration costs, opening

  ​

​

$

64,655,418

​

$

47,331,385

Additions:

  ​

​

  ​

​

  ​

Drilling

  ​

​

8,218,902

​

6,154,761

Geological and geophysical

  ​

​

3,748,110

​

5,524,677

Labour and wages

  ​

​

3,233,709

​

3,283,034

Camp costs

  ​

​

2,291,809

​

2,019,767

Studies and mine site management

  ​

​

1,649,857

​

1,300,104

Share-based compensation

14

​

1,380,593

​

1,449,708

Claim holding costs and advance royalties

  ​

​

1,067,093

​

1,537,485

Travel

  ​

​

550,968

​

681,660

Community relations

  ​

​

541,625

​

575,462

Geochemistry and assays

  ​

​

465,322

​

362,934

Health and safety and environmental

  ​

​

367,764

​

561,570

Net extension of claim refunds

  ​

​

(71,408)

​

(67,713)

Other

  ​

​

948,566

​

484,744

Foreign exchange movement

  ​

​

(231,071)

​

6,472

Total exploration and evaluation in the period

  ​

​

$

24,161,839

​

$

23,874,665

Exploration and evaluation costs in disposal group

6a

​

—

​

(445,173)

Disposals and impairment of assets

9b

​

(917,370)

​

(6,105,459)

Exploration and evaluation, closing

  ​

​

$

87,899,887

​

$

64,655,418

Total costs, closing

  ​

​

$

279,091,819

​

$

262,291,098