| Schedule of Property and Equipment |
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. |
|