Timberline Resources (TLRS) 10-Q 13 Feb 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Dec. 31, 2023	Feb. 13, 2024
Cover [Abstract]
Entity Registrant Name	TIMBERLINE RESOURCES CORPORATION
Entity Central Index Key	0001288750
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		189,996,152
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-34055
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	82-0291227
Entity Address Address Line 1	9030 NORTH HESS ST., SUITE 161
Entity Address City Or Town	HAYDEN
Entity Address State Or Province	ID
Entity Address Postal Zip Code	83835
City Area Code	208
Local Phone Number	664-4859
Security 12b Title	Common Stock, $0.001 par value
Trading Symbol	TLRS
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Sep. 30, 2023
CURRENT ASSETS:
Cash	$ 541,493	$ 98,224
Prepaid expenses and other current assets	16,029	8,130
TOTAL CURRENT ASSETS	557,522	106,354
Property, mineral rights, and equipment, net	14,173,178	14,155,178
OTHER ASSETS:
Reclamation bonds	528,643	528,643
Deposits and other assets	1,200	5,700
TOTAL OTHER ASSETS	529,843	534,343
TOTAL ASSETS	15,260,543	14,795,875
CURRENT LIABILITIES:
Accounts payable	93,775	83,867
Accrued expenses	9,022	6,245
Accrued payroll, benefits and taxes	172,744	123,943
TOTAL CURRENT LIABILITIES	275,541	214,055
LONG-TERM LIABILITIES:
Asset retirement obligation	145,840	144,040
TOTAL LONG-TERM LIABILITIES	145,840	144,040
TOTAL LIABILITIES	421,381	358,095
COMMITMENTS AND CONTINGENCIES (Note 6)	0	0
STOCKHOLDERS' EQUITY:
Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $ 0.001 par value; 500,000,000 shares authorized, 189,996,152 and 174,246,152 shares issued and outstanding, respectively	189,996	174,246
Additional paid-in capital	91,362,351	90,744,432
Accumulated deficit	(76,713,185)	(76,480,898)
TOTAL STOCKHOLDERS' EQUITY	14,839,162	14,437,780
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 15,260,543	$ 14,795,875

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Sep. 30, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred Stock, Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	189,996,152	174,246,152
Common Stock, Shares, Outstanding	189,996,152	174,246,152

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING EXPENSES:
Mineral exploration	$ 59,247	$ 522,643
Salaries and benefits	77,690	112,164
Professional fees	59,462	62,859
Insurance expense	13,967	44,528
Other general and administrative	21,513	127,902
TOTAL OPERATING EXPENSES	231,879	870,096
LOSS FROM OPERATIONS	(231,879)	(870,096)
OTHER INCOME (EXPENSE):
Foreign exchange gain (loss)	(156)	3,402
Interest expense - related party	0	(15,151)
Interest expense	(271)	0
Other income	19	302
TOTAL OTHER INCOME (EXPENSE)	(408)	(11,447)
LOSS BEFORE INCOME TAXES	(232,287)	(881,543)
INCOME TAX PROVISION (BENEFIT)	0	0
NET LOSS	$ (232,287)	$ (881,543)
NET LOSS PER SHARE BASIC AND DILUTED	$ 0	$ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	174,588,543	159,676,152

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Sep. 30, 2022		159,676,152
Balance, amount at Sep. 30, 2022	$ 15,814,762	$ 159,676	$ 89,955,640	$ (74,300,554)
Stock based compensation	51,708	0	51,708	0
Net loss	(881,543)	$ 0	0	(881,543)
Balance, shares at Dec. 31, 2022		159,676,152
Balance, amount at Dec. 31, 2022	14,984,927	$ 159,676	90,007,348	(75,182,097)
Balance, shares at Sep. 30, 2023		174,246,152
Balance, amount at Sep. 30, 2023	14,437,780	$ 174,246	90,744,432	(76,480,898)
Stock based compensation	3,669	0	3,669	0
Net loss	(232,287)	$ 0	0	(232,287)
Common stock issued for cash and warrants, shares		15,750,000
Common stock issued for cash and warrants, amount	630,000	$ 15,750	614,250	0
Balance, shares at Dec. 31, 2023		189,996,152
Balance, amount at Dec. 31, 2023	$ 14,839,162	$ 189,996	$ 91,362,351	$ (76,713,185)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (232,287)	$ (881,543)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock-based compensation	3,669	51,708
Accretion of asset retirement obligation	1,800	1,715
Changes in assets and liabilities:
Prepaid expenses and other current assets	(7,899)	(52,655)
Deposits and other assets	4,500	0
Accounts payable	9,908	(574,188)
Accrued expenses	2,777	(10,032)
Accrued interest - related party	0	15,151
Accrued payroll, benefits and taxes	48,801	(3,663)
Net cash used by operating activities	(168,731)	(1,453,507)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for mineral rights	(18,000)	(18,000)
Purchase of mineral rights	0	(10,933)
Net cash used by investing activities	(18,000)	(28,933)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock and warrants	630,000	0
Net cash provided by financing activities	630,000	0
Net increase (decrease) in cash and cash equivalents	443,269	(1,482,440)
CASH AT BEGINNING OF PERIOD	98,224	2,438,587
CASH AT END OF PERIOD	$ 541,493	$ 956,147

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Dec. 31, 2023
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS: Timberline Resources Corporation (“Timberline” or “the Company) was incorporated in August of 1968 under the laws of the State of Idaho as Silver Crystal Mines, Inc., for the purpose of exploring for precious metal deposits and advancing them to production. In 2008, the Company reincorporated into the State of Delaware, pursuant to a merger agreement approved by its shareholders.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: a. Basis of Presentation and Going Concern For further information refer to the consolidated financial statements and footnotes thereto in the Company’s Annual Report on Form 10-K/A for the year ended September 30, 2023. The accompanying condensed consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception. The Company does not have sufficient cash to fund normal operations and meet all of its obligations for the next 12 months without raising additional funds. However, we are an exploration company with exploration programs that require significant cash expenditures. A significant drilling program, such are those we have planned, can result in depletion of cash and return us to a position of insufficient cash to support normal operations for 12 months. The Company currently has no historical recurring source of revenue, and its ability to continue as a going concern is dependent on its ability to raise equity and/or debt capital to fund future exploration and working capital requirements, or the Company’s ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include financing its future operations through sales of common stock, Company assets and/or debt and the eventual profitable exploitation of its mining properties. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. If the going concern basis were not appropriate for these condensed consolidated financial statements, adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the balance sheet classifications used. b. New Accounting Pronouncements – In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of this update on our consolidated financial statements and disclosures. In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the impact of this update on our consolidated financial statements and disclosures . Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. c. Principles of Consolidation d. Net Income (Loss) per Share The dilutive effect of outstanding securities as of December 31, 2023 and 2022 is as follows: December 31, 2023 December 31, 2022 Stock options 6,035,000 8,335,000 Warrants 26,785,000 50,534,031 Total potential dilution 32,820,000 58,869,031 At December 31, 2023 and 2022, the effect of the Company’s common stock equivalents would have been anti-dilutive.

PROPERTY MINERAL RIGHTS AND EQU

PROPERTY MINERAL RIGHTS AND EQUIPMENT	3 Months Ended
	Dec. 31, 2023
PROPERTY MINERAL RIGHTS AND EQUIPMENT
PROPERTY, MINERAL RIGHTS AND EQUIPMENT	NOTE 3 – PROPERTY, MINERAL RIGHTS, AND EQUIPMENT: The following is a summary of property, mineral rights, and equipment and accumulated depreciation at December 31, 2023 and September 30, 2023, respectively: Expected Useful Lives (years) December 31, 2023 September 30, 2023 Mineral rights – Eureka - $ 13,747,838 $ 13,729,838 Mineral rights – Seven Troughs, New York Canyon and other - 248,227 248,227 ARO Asset 125,636 125,636 Total mineral rights 14,121,701 14,103,701 Equipment and vehicles 2-5 53,678 53,678 Office equipment and furniture 3-7 70,150 70,150 Land - 51,477 51,477 Total property and equipment 175,305 175,305 Less accumulated depreciation (123,828 ) (123,828 ) Property, mineral rights, and equipment, net $ 14,173,178 $ 14,155,178 Mineral rights at Eureka increased by $18,000 and $18,000 for advanced royalty payments to Rocky Mountain Mining Company for Lookout Mountain during the three-month periods ended December 31, 2023 and 2022, respectively. Depreciation expense for the three months ended December 31, 2023 and 2022, was $0 for each period.

COMMON STOCK, WARRANTS AND PREF

COMMON STOCK, WARRANTS AND PREFERRED STOCK	3 Months Ended
	Dec. 31, 2023
COMMON STOCK, WARRANTS AND PREFERRED STOCK
COMMON STOCK, WARRANTS AND PREFERRED STOCK	NOTE 4 – COMMON STOCK, WARRANTS AND PREFERRED STOCK: On December 28, 2023, the Company closed a non-brokered private placement to accredited investors at a price of $0.04 per unit. Units consist of one share of common stock and one series P warrant share. The Company issued 15,750,000 common shares and a like number of warrants for cash proceeds of $630,000. The warrants have a term of four years and are exercisable at $0.06 per common share. During the quarter ended December 31, 2023, 1,016,022 series N warrants expired. During the quarter ended December 31, 2022, 2,880,867 series C warrants expired. At December 31, 2023, the Company has a total of 26,785,000 warrants outstanding with a weighted average exercise price of $0.07 and a weighted average remaining contractual term of 3.19 years.

STOCK-BASED AWARDS

STOCK-BASED AWARDS	3 Months Ended
	Dec. 31, 2023
STOCK-BASED AWARDS
STOCK-BASED AWARDS	NOTE 5 – STOCK-BASED AWARDS: On October 8, 2020, the Company granted a total of 1,100,000 options to purchase shares of the Company’s common stock that expire in five years with an exercise price of $0.25 in conjunction with the appointment of officers and a director. These granted options had a total fair value of $259,985. These options vested immediately, with the exception of 750,000 options that vest at 25% upon grant with the remaining 75% vesting over a three-year period. At December 31, 2023, all options have fully vested. During the three months ended December 31, 2023 and 2022, $3,669 and $51,708 was expensed as share-based compensation. The following is a summary of options issued and outstanding: Options Weighted Average Exercise Price Outstanding at September 30, 2022 8,335,000 0.18 Granted - - Expired (2,300,000 ) (0.18 ) Outstanding at September 30, 2023 6,035,000 $ 0.17 Granted - - Expired - - Outstanding at December 31, 2023 6,035,000 0.17 Outstanding and exercisable at December 31, 2022 6,035,000 $ 0.17 Weighted average remaining contractual term (years) 1.57 The aggregate of options exercisable as of December 31, 2023 had no intrinsic value, based on the closing price of $0.05 per share of the Company’s common stock on December 31, 2023.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES : The Company has the following commitments and contingencies: Mineral Exploration A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements including advance minimum royalty payments, with various terms, obligations, and royalties payable in certain circumstances. The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it estimates annual fees to total $236,277 per year in the future.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation And Going Concern	a. Basis of Presentation and Going Concern For further information refer to the consolidated financial statements and footnotes thereto in the Company’s Annual Report on Form 10-K/A for the year ended September 30, 2023. The accompanying condensed consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception. The Company does not have sufficient cash to fund normal operations and meet all of its obligations for the next 12 months without raising additional funds. However, we are an exploration company with exploration programs that require significant cash expenditures. A significant drilling program, such are those we have planned, can result in depletion of cash and return us to a position of insufficient cash to support normal operations for 12 months. The Company currently has no historical recurring source of revenue, and its ability to continue as a going concern is dependent on its ability to raise equity and/or debt capital to fund future exploration and working capital requirements, or the Company’s ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include financing its future operations through sales of common stock, Company assets and/or debt and the eventual profitable exploitation of its mining properties. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. If the going concern basis were not appropriate for these condensed consolidated financial statements, adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the balance sheet classifications used.
New Accounting Pronouncements	b. New Accounting Pronouncements – In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of this update on our consolidated financial statements and disclosures. In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the impact of this update on our consolidated financial statements and disclosures . Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption.
Principles Of Consolidation	c. Principles of Consolidation
Net Income (loss) Per Share	d. Net Income (Loss) per Share The dilutive effect of outstanding securities as of December 31, 2023 and 2022 is as follows: December 31, 2023 December 31, 2022 Stock options 6,035,000 8,335,000 Warrants 26,785,000 50,534,031 Total potential dilution 32,820,000 58,869,031 At December 31, 2023 and 2022, the effect of the Company’s common stock equivalents would have been anti-dilutive.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule Of Anti-dilutive Basic Of Eps	December 31, 2023 December 31, 2022 Stock options 6,035,000 8,335,000 Warrants 26,785,000 50,534,031 Total potential dilution 32,820,000 58,869,031

PROPERTY MINERAL RIGHTS AND E_2

PROPERTY MINERAL RIGHTS AND EQUIPMENT (Tables)	3 Months Ended
	Dec. 31, 2023
PROPERTY MINERAL RIGHTS AND EQUIPMENT
Schedule of Property, Plant And Equipment	Expected Useful Lives (years) December 31, 2023 September 30, 2023 Mineral rights – Eureka - $ 13,747,838 $ 13,729,838 Mineral rights – Seven Troughs, New York Canyon and other - 248,227 248,227 ARO Asset 125,636 125,636 Total mineral rights 14,121,701 14,103,701 Equipment and vehicles 2-5 53,678 53,678 Office equipment and furniture 3-7 70,150 70,150 Land - 51,477 51,477 Total property and equipment 175,305 175,305 Less accumulated depreciation (123,828 ) (123,828 ) Property, mineral rights, and equipment, net $ 14,173,178 $ 14,155,178

STOCK-BASED AWARDS (Tables)

STOCK-BASED AWARDS (Tables)	3 Months Ended
	Dec. 31, 2023
STOCK-BASED AWARDS
Summary of Fair value of vested options	Options Weighted Average Exercise Price Outstanding at September 30, 2022 8,335,000 0.18 Granted - - Expired (2,300,000 ) (0.18 ) Outstanding at September 30, 2023 6,035,000 $ 0.17 Granted - - Expired - - Outstanding at December 31, 2023 6,035,000 0.17 Outstanding and exercisable at December 31, 2022 6,035,000 $ 0.17 Weighted average remaining contractual term (years) 1.57

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Stock options	6,035,000	8,335,000
Warrants	26,785,000	50,534,031
Total potential dilution	32,820,000	58,869,031

PROPERTY MINERAL RIGHTS AND E_3

PROPERTY MINERAL RIGHTS AND EQUIPMENT (Details) - USD ($)	3 Months Ended
	Dec. 31, 2023	Sep. 30, 2023
Property, Plant And Equipment, Gross	$ 175,305	$ 175,305
Less Accumulated Depreciation	(123,828)	(123,828)
Property, Mineral Rights, And Equipment, Net	14,173,178	14,155,178
Mineral Rights	14,121,701	14,103,701
Equipment and vehicles
Property, Plant And Equipment, Gross	$ 53,678	53,678
Equipment and vehicles | Minimum
Expected Useful Lives (years)	2 years
Equipment and vehicles | Maximum
Expected Useful Lives (years)	5 years
Office equipment and furniture
Property, Plant And Equipment, Gross	$ 70,150	70,150
Office equipment and furniture | Minimum
Expected Useful Lives (years)	3 years
Office equipment and furniture | Maximum
Expected Useful Lives (years)	7 years
Land
Property, Plant And Equipment, Gross	$ 51,477	51,477
Mineral rights - Eureka
Mineral Rights	13,747,838	13,729,838
Mineral rights - Other
Mineral Rights	248,227	248,227
ARO Asset [Member]
Mineral Rights	$ 125,636	$ 125,636

PROPERTY MINERAL RIGHTS AND E_4

PROPERTY MINERAL RIGHTS AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation expense	$ 0	$ 0
Mineral rights - Eureka
Mineral rights increased	$ 18,000	$ 18,000

COMMON STOCK, WARRANTS AND PR_2

COMMON STOCK, WARRANTS AND PREFERRED STOCK (Details Narrative)	3 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Warrants Outstanding | $	$ 26,785,000
Weighted Average Exercise Price | $ / shares	$ 0.07
Warrants term	3 years 2 months 8 days
Series C Warrants [Member]
Warrants expired | shares	2,880,867
Series N Warrants [Member]
Warrants expired | shares	1,016,022
Non Brokered Private Placement [Member]
Common share issue price per share | $ / shares	$ 0.04
Issue of common share | shares	15,750,000
Issued of common share value | $	$ 630,000
Exercisable price | $ / shares	$ 0.06
Warrants term	four years

STOCKBASED AWARDS (Details)

STOCKBASED AWARDS (Details) - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023
STOCKBASED AWARDS (Details)
Outstanding, Beggining Balance	6,035,000	8,335,000
Expired		(2,300,000)
Outstanding, Ending Balance	6,035,000	6,035,000
Outstanding exercisable	6,035,000
Weighted Average Exercise Price, Outstanding, Beggining Balance	$ 0.17	$ 0.18
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Expired	0	(0.18)
Weighted Average Exercise Price, Outstanding, Ending Balance	0.17	$ 0.17
Weighted average exercise price exercisable	$ 0.17
Weighted Average Remaining Contractual Term (years)	1 year 6 months 25 days

STOCKBASED AWARDS (Details Narr

STOCKBASED AWARDS (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Aggregate Of Options Exercisable As Intrinsic Value Closing Price	$ 0.05
Share-based Compensation Arrangement By Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0.17		$ 0.17	$ 0.18	$ 0.18
Stock-based Award 1 [Member]
Sale Of Stock, Transaction Date	Oct. 08, 2020
Share-based Compensation Arrangement By Share-based Payment Award, Options, Grants In Period, Net Of Forfeitures	1,100,000
Share-based Compensation Arrangement By Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0.25
Granted Options Total Fair Value	259,985
Exception Vesting Of Options	These options vested immediately, with the exception of 750,000 options that vest at 25% upon grant with the remaining 75% vesting over a three-year period
Black Scholes Option Pricing Model
Stock options, vested in period, fair value	$ 3,669	$ 51,708

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	3 Months Ended
	Dec. 31, 2023 USD ($)
COMMITMENTS AND CONTINGENCIES
Mineral Properties Annual Fees	$ 236,277