v3.26.1
Property, equipment and vehicles (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment

 

Cost:  Land   Plant  

Mining

Equipment
   Vehicles   Total 
                     
Balance, December 31,2023   1,208,949    2,132,511    6,470,078    133,308    9,944,846 
                          
Additions   687,343    252,176    1,657,565         2,597,084 
Balance, December 31,2024   1,896,292    2,384,687    8,127,643    133,308    12,541,930 
                          
Additions   -    220,354    3,615,543    -    3,835,897 
Retirement   -    -    (1,190,202)   -    (1,190,202)
Balance, December 31,2025   1,896,292    2,585,041    10,552,984    133,308    15,167,626 
                          
Depreciation:                         
Balance, December 31,2023        71,907    323,504    85,103    480,514 
                          
Charge for the year        454,171    2,135,235    36,102    2,625,508 
Balance, December 31,2024        526,078    2,458,739    121,205    3,106,022 
Additions        

500,782

    

3,733,833

    

12,103

    

4,246,718

 (2)
Retirement       -   (715,329)   -    (715,329)(2)
Balance, December 31,2025        1,026,860    5,477,243    133,308    6,637,411 
                          
Net book value:                         
Balance, December 31,2023   1,208,949    2,060,604    6,146,574    48,206    9,464,332 (1)
Balance, December 31,2024   1,896,292    1,858,609    5,668,904    12,103    9,435,908 
Balance, December 31,2025   1,896,292    1,558,181    5,075,742    -    8,530,215 

 

  (1) The difference from the balance at the end of 2023 is $1,235, which is caused by a different depreciation method from the reclassification of a $24,700 fixed asset.
  (2) The depreciation of $3,531,389 includes the depreciation from site and miners ($3,519,286) and the depreciation from vehicles ($12,103). The vehicles depreciation are included in administrative expenses due to office purposes.