Announcement PDF Celsius Resources Limited ABN 95 009 162 949 Half-Year Financial Report - 31 December 2024 Celsius Resources Limited Contents 31 December 2024 Corporate directory Directors' report Auditor's independence declaration Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements Directors' declaration Independent auditor's review report to the members of Celsius Resources Limited 2 3 6 7 9 10 11 12 21 22 General information These unaudited financial statements cover Celsius Resources Limited as a consolidated entity consisting of Celsius Resources Limited and the entities it controlled at the end of, or during, the half-year. The financial statements are presented in Australian dollars, which is Celsius Resources Limited's functional and presentation currency. Celsius Resources Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is: Level 5, 191 St. Georges Terrace Perth WA 6000 A description of the nature of the consolidated entity's operations and its principal activities are included in the directors' report, which is not part of the financial statements. The financial statements were authorised for issue, in accordance with a resolution of directors, on 12 March 2025. 1 Celsius Resources Limited Corporate directory 31 December 2024 Directors Mr Julito Sarmiento - Executive Chairman Mr. Mark Van Kerkwijk - Executive Director Mr Peter Hume - Non-Executive Director Mr Paul Dudley - Non-Executive Director Ms Attilenore Manero - Non-Executive Sustainability Director Company secretary Mrs Kellie Davis Registered office & Principal place of business Level 5, 191 St Georges Terrace Perth WA 6000 Ph: +61 2 8072 1400 Email: info@celsiusresources.com.au Share register - Australia Automic Registry Services Level 5, 191 St Georges Terrace Perth WA 6000 Telephone: +61 8 9324 2099 Share register - United Kingdom Computershare UK The Pavilions, Bridgewater Road Bristol BS13 8AE United Kingdom Telephone: +44 (0) 370 702 0003 Solicitors Hamilton Locke Level 48 152-158 St Georges Terrace Perth WA 6000 Ph: +61 8 6311 9160 Auditor RSM Australia Partners Level 32 Exchange Tower, 2 The Esplanade Perth WA 6000 Ph: +61 8 9261 9100 Fax: +61 8 9261 9111 Nominated Adviser - UK Beaumont Cornish Limited Building 3, 566 Chiswick High Road London W4 5YA United Kingdom Ph: +44 (0) 207 628 3396 Stock exchange listing Celsius Resources Ltd shares are dual listed on the Australian Securities Exchange (ASX code: CLA) and AIM, a market operated by the London Stock Exchange PLC (AIM: CLA) Website http://www.celsiusresources.com.au/ 2 Celsius Resources Limited Directors' report 31 December 2024 The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of Celsius Resources Limited (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the half-year ended 31 December 2024. Directors The following persons were directors of Celsius Resources Limited during the whole of the financial half-year and up to the date of this report, unless otherwise stated: Mr Julito Sarmiento Mr Mark Van Kerkwijk Mr Peter Hume Mr Paul Dudley Ms Attilenore Manero Executive Chairman Executive Director Non-Executive Director Non-Executive Director Non-Executive Sustainability Director Principal activities During the half-year, the principal activities of the consolidated entity consisted of mineral exploration in Australia, Namibia and the Philippines. Significant changes in the state of affairs There were no significant changes in the state of affairs of the consolidated entity during the financial half-year. Review of operations The loss for the consolidated entity after providing for income tax and non-controlling interest amounted to $7,359,463 (31 December 2023: $1,663,153). 3 Celsius Resources Limited Directors' report 31 December 2024 Maalinao-Caigutan-Biyog Copper Gold Project, Philippines Makilala Mining Company, Inc. (“MMCI”), an affiliate of Celsius in the Philippines , has progressed the development of its flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB Project”) in the Cordillera Administrative Region. During the period, the Company was granted a one-time six-month extension, until March 13, 2025, to finalise investment agreements with its potential investor, Maharlika Investment Corporation (“MIC”). This extension will enable the Company to provide additional proof of financial capability to the Philippine Department of Environment and Natural Resources – Mines and Geosciences Bureau (“DENR-MGB”). Satisfying this requirement will fullfill the remaining condition for the issuance of the Mineral Production Sharing Agreement (“MPSA”) with the Philippine Government. In September 2024, the Philippine National Commission on Indigenous Peoples issued the Certification Precondition which certified that MMCI had obtained the consent of the community and had complied with the Free, Prior and Informed Consent Process (“Certification”). The delay in the issuance of the Certification has contributed to the delay in finalising the funding for the MCB Project, which prompted the Company’s request for the issuance of the one-time extension to comply with the requirements for proof of financial capability. Maharlika Investment Corporation is a Philippine Government Owned and Controlled Corporation mandated to manage and generate optimal returns on investments to catalyse the Country’s economic growth and social development (“MIC”). MIC has been working closely with MMCI to complete the technical, financial and legal due diligence and documentation to secure the necessary approvals for a proposed investment agreement regarding funding of the MCB Project. Details of the proposed investment agreement will be disclosed to shareholders once the contracts are finalised and become binding. MMCI has also progressed the tendering of contracts with international and local engineering companies to conduct frontend-engineering, along with the hydrogeological and geotechnical drilling, to support engineering and long-term construction activities as well as the advancement of operational underground mine development. Evaluation of proposals and issuance of contracts are currently being finalised. In parallel with the tendering process, MMCI’s technical team initiated further detailed geological mapping at a scale of 1:1000, along with a compass-and-tape traverse, to gather essential structural and lithological data. Further dam site investigations and data gathering was conducted to assess current ground situations which will feed into the front-end engineering and design (“FEED”). Desktop analysis and field verification were also initiated to gather data for the tree cutting permitting requirements. The technical team is proposing the use of light detection and ranging (“LiDAR”), a remote sensing technology, as a cost-efficient method in lieu of a physical tree inventory. Daily water level monitoring has also commenced during the quarter to gather data for the construction water permit application. To address the manpower requirements for the upcoming construction and operational phases, the Company signed a Memorandum of Agreement with the Regional Technical Education and Skills Development Authority (“TESDA”). This partnership aims to develop and enhance the skills of the workforce from host and neighbouring communities, fostering employment and business opportunities. By leveraging shared resources, this collaborative approach seeks to empower and strengthen the competence of the Filipino workforce, contributing to sustainable economic growth. Botilao Copper-Gold Prospect, Philippines MMCI currently holds a two-year exploration permit for its Botilao Copper-Gold Prospect, adjacent to the MCB Project in the Cordillera Administrative Region. MMCI has continued to engage with stakeholders to reaffirm its commitment to open communication to address community issues and concerns as well as secure community support. This is in preparation for the onsite activities of its Exploration, Environment, and Community Development Programs. Sagay Copper-Gold Project, Philippines Tambuli Mining Company, Inc. (“TMCI”), a wholly owned subsidiary of Celsius in the Philippines, secured the approval of its Social Development and Management Program (“SDMP”) and the acceptance of the Final Exploration Report (“FER”) from the Mines and Geosciences Bureau for the Sagay Copper-Gold Project (“Sagay Project”) in the Negros Islands. The acceptance of the Exploration Report confirmed its compliance with the Philippine Mineral Reporting Code 2020 guidelines, including the declaration of its mineral resource estimates. This is one of the key requirements for the approval of the Declaration of Mining Project Feasibility (“DMPF”). 4 Celsius Resources Limited Directors' report 31 December 2024 Opuwo Cobalt Project, Namibia The Company has been in early-stage discussions regarding a potential transaction with a strategic partner/s concerning the disposal of the Company’s 95% interest in the Opuwo Cobalt Project in Namibia. During the half year ended 31 December 2024, the Company agreed the terms of a non-binding agreement with Stewardship Investments (Pty) Ltd concerning the disposal. Although discussions are continuing, there can be no certainty that any binding agreement will be reached or the timing of any such agreement. Cullarin West Project, Australia (Celsius – 100%) The Company is continuing to assess the viability of the opportunity and gauge interest from other possible partners. No development activities were conducted during the half year ended 31 December 2024. Matters subsequent to the end of the financial half-year On 24 February 2025 the Company’s Philippine affiliate, Makilala Mining Company, Inc. (“MMCI”) signed a binding term sheet with Maharlika Investment Corporation (“MIC”) which outlined the key terms of a bridge loan facility of up to USD 76.4 million (“Facility), to fund the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”). The Facility is intended to fully finance the updating of MMCI’s feasibility study (“FS”) and FEED, and partially funding early development activities, including main access road construction in coordination with the Kalinga Provincial Government and skills-based training for the Balatoc community. The binding term sheet is also intended to enable MMCI to comply with the financial capability requirements under its Mineral Production Sharing Agreement with the Philippine Government. The proceeds of the Facility mark a critical milestone in the Project’s funding, enabling immediate commencement of work with the initial funding amount of USD10 Million. Consequently, these works will no longer require direct funding from CLA. Discussions on the additional equity funding required are ongoing, given total estimated capital expenditure of the Project. On 10 March 2025, the Company announced it had secured firm bids of $3.15 million through a strongly supported Placement from new and existing shareholders, and institutional investors (Placement). New shares were been conditionally subscribed for at a price of $0.08 per share and were issued with a free-attaching option for every 2 shares subscribed for at an exercise price of $0.01 and expiring 3 years from the date of issue. The fundraising is to take place in 2 tranches: the first will raise ~$1.698 million and will settle by 18 March 2025, with the second tranche of funding of ~$1.451 million subject to shareholder approval at a General Meeting to be held in April 2025. Auditor's independence declaration A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report. This report is made in accordance with a resolution of directors, pursuant to section 306(3)(a) of the Corporations Act 2001. On behalf of the directors ___________________________ Julito Sarmiento Executive Chairman 12 March 2025 5 RSM Australia Partners Level 32 Exchange Tower, 2 The Esplanade Perth WA 6000 GPO Box R1253 Perth WA 6844 T +61 (0) 8 9261 9100 www.rsm.com.au AUDITOR’S INDEPENDENCE DECLARATION As lead auditor for the review of the financial report of Celsius Resources Limited for the half-year ended 31 December 2024, I declare that, to the best of my knowledge and belief, there have been no contraventions of: (i) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and (ii) any applicable code of professional conduct in relation to the review. RSM AUSTRALIA Perth, WA Dated: 12 March 2025 ALASDAIR WHYTE Partner RSM Australia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction. RSM Australia Partners ABN 36 965 185 036 Liability limited by a scheme approved under Professional Standards Legislation 6 Celsius Resources Limited Statement of profit or loss and other comprehensive income For the half-year ended 31 December 2024 Note Revenue Other income Consolidated 31 Dec 2024 31 Dec 2023 $ $ (RESTATED) 77 145 (157,518) (17,568) (10,825) (417,046) (281,874) (393,345) 12,910 (139,660) (65,330) (32,137) (406,119) (582,353) (393,567) (18,181) (1,265,189) (1,637,202) - - (1,265,189) (1,637,202) (6,094,274) (28,861) (7,359,463) (1,666,063) Items that may be reclassified subsequently to profit or loss Foreign currency translation 803,491 (486,458) Other comprehensive income for the half-year, net of tax 803,491 (486,458) Total comprehensive income for the half-year (6,555,972) (2,152,521) Loss for the half-year is attributable to: Non-controlling interest Members of parent entity (7,359,463) (2,910) (1,663,153) (7,359,463) (1,666,063) 21,023 21,023 (5,241) (5,241) (6,576,995) (6,576,995) (2,147,280) (2,147,280) (6,555,972) (2,152,521) Expenses Directors' and employee benefits expense Travel and accommodation Depreciation and amortisation expense Legal and other professional fees Exploration expenditure Other expenses Foreign exchange loss Loss before income tax expense from continuing operations Income tax expense Loss after income tax expense from continuing operations Loss after income tax expense from discontinued operations 4 Loss after income tax expense for the half-year Other comprehensive income Total comprehensive income for the half-year is attributable to: Non-controlling interest - continuing operations Non-controlling interest - discontinuing operations Non-controlling interest Member of parent entity - continuing operations Member of parent entity - discontinuing operations Member of parent entity The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 7 Celsius Resources Limited Statement of profit or loss and other comprehensive income For the half-year ended 31 December 2024 Cents Cents Earnings per share for loss from continuing operations attributable to the owners of Celsius Resources Limited Basic earnings per share Diluted earnings per share 17 17 (0.05) (0.05) (0.07) (0.07) Earnings per share for loss from discontinued operations attributable to the owners of Celsius Resources Limited Basic earnings per share Diluted earnings per share 17 17 (0.24) (0.24) - Earnings per share for loss attributable to the owners of Celsius Resources Limited Basic earnings per share Diluted earnings per share 17 17 (0.29) (0.29) (0.07) (0.07) The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 8 Celsius Resources Limited Statement of financial position As at 31 December 2024 Note Consolidated 31 Dec 2024 30 Jun 2024 $ $ Assets Current assets Cash and cash equivalents Trade and other receivables Other current assets 5 984,480 133,064 281,683 1,399,227 3,210 3,040,321 4,442,758 1,599,725 43,687 65,313 1,708,725 3,364 7,520,983 9,233,072 20,248,547 458,011 286,296 20,992,854 19,577,942 421,765 256,442 20,256,149 25,435,612 29,489,221 510,737 1,190,519 1,701,256 43,531 1,744,787 297,358 724,782 1,022,140 45,251 1,067,391 Total liabilities 1,744,787 1,067,391 Net assets 23,690,825 28,421,830 82,869,130 (1,292,136) (57,905,444) 23,671,550 19,275 81,188,958 (2,219,399) (50,545,981) 28,423,578 (1,748) 23,690,825 28,421,830 Non-current assets classified as held for sale Assets held for sale Total current assets 6 7 Non-current assets Deferred exploration expenditure Deferred mining development Property, plant and equipment Total non-current assets 8 9 Total assets Liabilities Current liabilities Trade and other payables Other liabilities Liabilities directly associated with assets classified as held for sale Total current liabilities Equity Issued capital Reserves Accumulated losses Equity attributable to the owners of Celsius Resources Limited Non-controlling interest Total equity 10 11 12 13 The above statement of financial position should be read in conjunction with the accompanying notes 9 Celsius Resources Limited Statement of changes in equity For the half-year ended 31 December 2024 Consolidated Issued capital $ Share based Accumulated payments losses reserve $ $ Foreign currency translation reserve $ Noncontrolling interest $ Total equity $ Balance at 1 July 2023 78,839,712 (44,565,897) 2,877,035 (1,972,416) (15,602) 35,162,832 - (1,663,153) - - (2,910) (1,666,063) - - - (484,127) (2,331) (486,458) - (1,663,153) - (484,127) (5,241) (2,152,521) Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs 2,270,000 - (1,850,000) - - 420,000 Balance at 31 December 2023 81,109,712 (46,229,050) 1,027,035 (2,456,543) (20,843) 33,430,311 Consolidated Issued capital $ Share based Accumulated payments losses reserve $ $ Foreign currency translation reserve $ Noncontrolling interest $ Total equity $ Balance at 1 July 2024 81,188,958 (50,545,981) 502,759 (2,722,158) (1,748) 28,421,830 - (7,359,463) - - - (7,359,463) - - - 782,468 21,023 803,491 Total comprehensive income for the half-year - (7,359,463) - 782,468 21,023 (6,555,972) Transactions with owners in their capacity as owners: Contributions of equity (note 11) Transaction costs (note 11) 2,007,295 (327,123) - 144,795 - - 2,007,295 (182,328) Balance at 31 December 2024 82,869,130 (57,905,444) 647,554 (1,939,690) 19,275 23,690,825 Loss after income tax expense for the half-year Other comprehensive income for the half-year, net of tax Total comprehensive income for the half-year Loss after income tax expense for the half-year Other comprehensive income for the half-year, net of tax The above statement of changes in equity should be read in conjunction with the accompanying notes 10 Celsius Resources Limited Statement of cash flows For the half-year ended 31 December 2024 Note Consolidated 31 Dec 2024 31 Dec 2023 $ $ Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) Interest received (1,091,926) - (1,700,293) 145 Net cash used in operating activities (1,091,926) (1,700,148) Cash flows from investing activities Payments for property, plant and equipment Payments for exploration and evaluation (38,840) (1,134,168) (5,698) (1,443,769) Net cash used in investing activities (1,173,008) (1,449,467) Cash flows from financing activities Proceeds from issue of shares Share issue transaction costs 1,840,968 (216,000) 420,000 - Net cash from financing activities 1,624,968 420,000 Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the financial half-year Effects of exchange rate changes on cash and cash equivalents (639,966) 1,599,725 24,721 (2,729,615) 5,029,176 (252,830) 984,480 2,046,731 Cash and cash equivalents at the end of the financial half-year 5 The above statement of cash flows should be read in conjunction with the accompanying notes 11 Celsius Resources Limited Notes to the financial statements 31 December 2024 Note 1. Material Accounting Policies The half-year financial report is a general purpose financial report prepared in accordance with the Corporations Act 2001 and AASB 134 ‘Interim Financial Reporting’. Compliance with AASB 134 ensures compliance with International Accounting Standard 34 ‘Interim Financial Reporting’. The half-year financial report does not include full disclosures of the type normally included in an annual financial report. It is recommended that this half-year financial report be read in conjunction with the annual financial report for the year ended 30 June 2024 and any public announcements made by Celsius Resources Limited during the half-year in accordance with continuous disclosure requirements arising under the Corporations Act 2001. The accounting policies and methods of computation adopted in the preparation of the half-year financial report are consistent with those adopted in the annual financial report for the year ended 30 June 2024. Going Concern The consolidated entity incurred a loss after tax of $7,359,463 and had net cash outflows from operating and investing activities of $1,091,926 and $1,173,008 respectively, for the half-year ended 31 December 2024. The consolidated entity held cash and cash equivalents at 31 December 2024 of $984,480. These factors indicate a material uncertainty which may cast significant doubt as to whether the consolidated entity will continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. The directors believe that there are reasonable grounds to believe that the consolidated entity will be able to continue as a going concern, after consideration of the following factors: - Subsequent to period end, the Company received commitments of $3.15 million through a strongly supported placement from new and existing shareholders; - Subsequent to period end, the Company announced a bridge loan facility of up to USD 76.4 million, to fund the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project; - The ability of the consolidated entity to issue additional equity securities to raise further working capital; and - The ability to curtail corporate and administration expenses and overhead cash outflows as and when required. Accordingly, the directors consider it appropriate to prepare the consolidated half-year financial statements on a going concern basis. Should the consolidated entity not achieve the matters set out above there exists a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, the consolidated entity may be unable to realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. The financial report does not include any adjustment relating to the recoverability or classification of recorded asset amounts or to the amounts or classification of liabilities that might be necessary should the consolidated entity not able to continue as a going concern. Note 2. Critical accounting judgements, estimates and assumptions The directors evaluate estimates and judgements incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the consolidated entity. There have been no judgements, apart from those involving estimation, in applying accounting policies that have a significant effect on the amounts recognised in these financial statements. Following is a summary of the key assumptions concerning the future and other key sources of estimation at reporting date that have not been disclosed elsewhere in these financial statements: Exploration and evaluation expenditure 12 Celsius Resources Limited Notes to the financial statements 31 December 2024 Note 2. Critical accounting judgements, estimates and assumptions (continued) Exploration and evaluation costs have been capitalised on the basis that activities in the area have not yet reached a stage that permits reasonable assessment of the existence of economically recoverable reserves. Key judgements are applied in considering costs to be capitalised which includes determining expenditures directly related to these activities and allocating overheads between those that are expensed and capitalised. Share based payment transactions The consolidated entity measures the cost of equity-settled transactions by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined by using an appropriate valuation model taking into account the terms and conditions upon which the instruments were granted. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities within the next annual reporting period but may impact profit or loss and equity. New and Revised Accounting Standards and Interpretations The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Note 3. Segment information The consolidated entity operates within two geographical segments within the mineral exploration and extraction industry, being Australia, Namibia and Philippines. The segment information provided to the chief operating decision maker is as follows: Corporate activities Australia $ Six months ended 31 December 2024 Exploration & corporate activities Namibia $ Exploration & corporate activities Philippines Consolidated $ $ Interest revenue Intersegment revenue Intersegment elimination (108,718) 108,718 - 77 - 77 108,718 (108,718) Total income (108,718) 108,718 77 77 Corporate activities Australia $ Six months ended 31 December 2024 Exploration & corporate activities Namibia $ Exploration & corporate activities Philippines Consolidated $ $ Segment results before income tax (827,351) (6,094,274) (437,838) (7,359,463) Loss before income tax (827,351) (6,094,274) (437,838) (7,359,463) Corporate activities Australia $ Six months ended 31 December 2024 Segment assets Segment liabilities Total assets 13 Exploration & corporate activities Namibia $ Exploration & corporate activities Philippines Consolidated $ $ 1,053,597 (399,433) 3,048,872 (43,531) 21,333,143 (1,301,823) 25,435,612 (1,744,787) 654,164 3,005,341 20,031,320 23,690,825 Celsius Resources Limited Notes to the financial statements 31 December 2024 Note 3. Segment information (continued) Exploration & corporate activities Namibia $ Corporate activities Australia $ Six months ended 31 December 2023 Exploration & corporate activities Philippines Consolidated $ $ Segment income - - 145 145 Total income - - 145 145 Corporate activities Australia $ Six months ended 31 December 2023 Exploration & corporate activities Namibia $ Exploration & corporate activities Philippines Consolidated $ $ Segment results before income tax (650,500) (28,062) (987,501) (1,666,063) Loss before income tax (650,500) (28,062) (987,501) (1,666,063) Corporate activities Australia $ Six months ended 31 December 2023 Exploration & corporate activities Namibia $ Exploration & corporate activities Philippines Consolidated $ $ Segment assets Segment liabilities 1,916,078 (188,933) 14,953,743 (43,111) 17,150,029 (357,495) 34,019,850 (589,539) Total assets 1,727,145 14,910,632 16,792,534 33,430,311 Note 4. Discontinued operations Financial performance information Consolidated 31 Dec 2024 31 Dec 2023 $ $ Discontinued other income - debt forgiveness 108,718 - Legal and other professional fees Other expenses Depreciation Travel and accommodation Impairment of exploration expenditure Total expenses (23,578) (4,322) (6,175,092) (6,202,992) (21,521) (5,576) (188) (1,576) (28,861) Loss before income tax expense Income tax expense (6,094,274) - (28,861) - Loss after income tax expense from discontinued operations (6,094,274) (28,861) 14 Celsius Resources Limited Notes to the financial statements 31 December 2024 Note 4. Discontinued operations (continued) Consolidated 31 Dec 2024 31 Dec 2023 $ $ Net cash used in operating activities Net cash used in investing activities Net cash used in financing activities (58,385) (83,613) 147,276 (77,399) (175,210) 222,596 5,278 (30,013) Note 5. Cash and cash equivalents Consolidated 31 Dec 2024 30 Jun 2024 $ $ Cash on hand 984,480 1,599,725 Total cash at bank and on hand 984,480 1,599,725 Note 6. Non-current assets classified as held for sale Consolidated 31 Dec 2024 30 Jun 2024 $ $ Plant and equipment 3,210 3,364 Note 7. Assets held for sale Consolidated 31 Dec 2024 30 Jun 2024 $ $ Exploration and evaluation Other current assets Prepayment 3,017,035 23,286 - 7,500,000 13,41