Royal Mines and Minerals (RYMM) 10-Q 22 Sep 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jul. 31, 2014	Sep. 19, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Jul-14	'
Trading Symbol	'rymm	'
Entity Registrant Name	'ROYAL MINES & MINERALS CORP	'
Entity Central Index Key	'0001371424	'
Current Fiscal Year End Date	'--04-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	223,193,634
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Jul. 31, 2014	Apr. 30, 2014
Current assets	'	'
Cash and cash equivalents	$99,485	$67,991
Prepaid expenses	7,500	7,500
Other current assets	1,037	759
Total current assets	108,022	76,250
Non-current assets	'	'
Investment in marketable securities	920,000	500,000
Property and equipment, net	220,448	241,439
Other assets	9,904	16,240
Total non-current assets	1,150,352	757,679
Total assets	1,258,374	833,929
Current liabilities	'	'
Accounts payable	216,368	200,857
Accounts payable - related parties	210,000	196,083
Accrued interest	54,824	47,218
Accrued interest - related parties	118,587	113,863
Loans payable	358,030	348,030
Loans payable - related parties	344,000	258,000
Other current liabilities	0	2,540
Total current liabilities	1,301,809	1,166,591
Notes payable	50,000	50,000
Deferred rent	22,699	25,399
Total non-current liabilities	72,699	75,399
Total liabilities	1,374,508	1,241,990
Stockholders' deficit	'	'
Preferred stock, $0.001 par value; 100,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized, 212,813,141 and 212,813,141 shares issued and outstanding, respectively	212,813	212,813
Additional paid-in capital	15,783,181	15,673,181
Accumulated deficit during exploration stage	-16,032,128	-15,794,055
Accumulated other comprehensive loss	-80,000	-500,000
Total stockholders' deficit	-116,134	-408,061
Total liabilities and stockholders' deficit	$1,258,374	$833,929

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Jul. 31, 2014	Apr. 30, 2014
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	'	'
Preferred Stock, Shares Outstanding	'	'
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	212,813,141	212,813,141
Common Stock, Shares, Outstanding	212,813,141	212,813,141

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
Revenue	$0	$0
Operating expenses:	'	'
Depreciation	20,991	26,045
Total operating expenses	223,681	212,423
Loss from operations	-223,681	-212,423
Other income (expense):	'	'
Interest and other income	0	0
Interest expense	-14,392	-26,680
Total other expense	-14,392	-26,680
Net loss	-238,073	-239,103
Other comprehensive gain:	'	'
Unrealized gain on marketable securities	420,000	0
Comprehensive gain (loss)	181,927	-239,103
Net loss per common share - basic	$0	$0
Weighted average common shares outstanding - basic	212,813,141	185,593,141
General [Member]	'	'
Operating expenses:	'	'
Mineral exploration and evaluation expenses - related parties	105,042	87,683
General and administrative - related parties	46,648	48,695
Related Party [Member]	'	'
Operating expenses:	'	'
Mineral exploration and evaluation expenses - related parties	15,000	15,000
General and administrative - related parties	$36,000	$35,000

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($238,073)	($239,103)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	20,991	26,045
Changes in operating assets and liabilities:	'	'
Prepaid expenses	0	3,000
Other assets	6,058	-150
Accounts payable	15,511	9,128
Accounts payable - related parties	13,917	12,484
Other current liabilities	-2,540	0
Accrued interest	7,606	6,072
Accrued interest - related parties	4,724	19,393
Deferred rent	-2,700	-4,324
Net cash used in operating activities	-174,506	-167,455
CASH FLOW FROM FINANCING ACTIVITIES	'	'
Proceeds from contribution on Scottsdale facility	110,000	0
Proceeds from stock issuance	0	200,000
Payments on borrowing - related party	0	-127
Proceeds from borrowings	10,000	0
Proceeds from borrowings - related parties	86,000	250
Net cash provided by financing activities	206,000	200,123
NET CHANGE IN CASH	31,494	32,668
CASH AT BEGINNING OF PERIOD	67,991	13,706
CASH AT END OF PERIOD	99,485	46,374
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Interest paid	99	1,215
NON-CASH INVESTING AND FINANCING ACTIVITIES	'	'
Unrealized gain on marketable securities	$420,000	$0

DESCRIPTION_OF_BUSINESS_HISTOR

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES	3 Months Ended
	Jul. 31, 2014
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES [Text Block]	'
	1	DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
		Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.
		Description of Business – The Company is considered an exploration stage company. The Company's primary objectives are to 1) commercially extract and refine precious metals from its own and other’s leachable assets, 2) use its lixiviation processes to convert specific ore bodies and fly ash landfills/monofills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.
		History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.
		On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).
		On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.
		Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.
		As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.
		Going Concern - As of July 31, 2014, the Company has incurred cumulative net losses of $16,032,128 from operations since inception, accumulated other comprehensive loss of $80,000, and has negative working capital of $1,193,787. The Company is still in the exploration stage and has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern.
		The ability of the Company to continue as a going concern is dependent on the Company raising additional sources of capital and the successful execution of the Company’s objectives. The Company will seek additional sources of capital through the issuance of debt or equity financing, but there can be no assurance the Company will be successful in accomplishing its objectives. The financial statements do not include any adjustments relating to the recoverability and classification of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.
	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.
	Fair Value - ASC 825, Financial Instruments requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
	Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2014 and April 30, 2014 as follows:
	Fair Value Measurements at July 31, 2014 Using:
		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant
				as of 7/31/2014		Prices in Active		Other		Unobservable
						Markets (Level		Observable		Inputs (Level 3)
						1)		Inputs (Level 2)
		Investments in marketable securities	$	920,000	$	-	$	920,000	$	-
		Total	$	920,000	$	-	$	920,000	$	-
	Fair Value Measurements at April 30, 2014 Using:
		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant
				as of 4/30/2014		Prices in Active		Other		Unobservable
						Markets (Level		Observable		Inputs (Level 3
						1)		Inputs (Level 2)
		Investments in marketable securities	$	500,000	$	-	$	500,000	$	-
		Total	$	500,000	$	-	$	500,000	$	-
	Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statement of operations.
	The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability.
	Exploration Costs – Exploration costs incurred in locating areas of potential mineralization or evaluating properties or working interests with specific areas of potential mineralization are expensed as incurred. Development costs of proven mining properties not yet producing are capitalized at cost and classified as capitalized exploration costs under property, plant and equipment. Property holding costs are charged to operations during the period if no significant exploration or development activities are being conducted on the related properties. Upon commencement of production, capitalized exploration and development costs would be amortized based on the estimated proven and probable reserves benefited. Properties determined to be impaired or that are abandoned are written-down to the estimated fair value. Carrying values do not necessarily reflect present or future values.
	Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable.
	Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. The Company did not recognized an impairment expense for the three months ended July 31, 2014 and 2013, respectively.
	Revenue Recognition – The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Revenue from licensing our technology is recognized over the term of the license agreement. Costs and expenses are recognized during the period in which they are incurred.
	Other Current Assets - Other current assets are comprised of other receivables, which do not bear interest and are recorded at cost. The Company extends credit to its consultants, which receivables can be offset against commissions payable to the respective consultants.
	The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of July 31, 2014 and April 30, 2014, the Company has recorded an allowance for doubtful account of $14,761 and $14,041, respectively.
	Research and Development - All research and development expenditures are expensed as incurred.
	Earnings (Loss) Per Share - The Company follows ASC 260, Earnings Per Share, and ASC 480, Distinguishing Liabilities from Equity, which establish standards for the computation, presentation and disclosure requirements for basic and diluted earnings per share for entities with publicly held common shares and potential common stock issuances. Basic earnings (loss) per share are computed by dividing net income by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities, such as stock options and warrants. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Common stock equivalents, which include stock options and warrants to purchase common stock, on July 31, 2014 and April 30, 2014 that were not included in the computation of diluted earnings per share because the effect would be antidilutive were 154,985,129.
	Income Taxes - The Company accounts for its income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business , deferred income tax liability is recorded on GAAP basis over income tax basis using statutory federal and state rates. The resulting estimated future federal and state income tax liability associated with the temporary difference between the acquisition consideration and the tax basis is computed in accordance with ASC 740-10-25-51, Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations , and is reflected as an increase to the total purchase price which is then applied to the underlying acquired assets in the absence of there being a goodwill component associated with the acquisition transactions.
	Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.
	ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.
	Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.
	In June 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-10, Development Stage Entities (Topic 915) Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders’ equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, Risks and Uncertainties, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Early adoption is permitted. The Company has elected early adoption of the new standard applied retrospectively. Adoption of the new guidance had no impact on the financial position, results of operations or cash flows.

SCOTTSDALE_FACILITY_AGREEMENT

SCOTTSDALE FACILITY AGREEMENT	3 Months Ended
	Jul. 31, 2014
SCOTTSDALE FACILITY AGREEMENT [Text Block]	'
	2. SCOTTSDALE FACILITY AGREEMENT
	On April 16, 2014, the Company entered into an agreement with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor has agreed to loan the Company $150,000 (the “Principal”), which has already been advanced. The loan bears interest at a rate of 6% per annum, compounded annually and has a maturity date of December 31, 2014 (the “Maturity Date").
	At any time prior to the Maturity Date, the Creditor may elect to receive units (each a “Unit") in exchange for any portion of the Principal outstanding on the basis of one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of our common stock and one warrant to purchase an additional share of our common stock at a price of $0.10 per share for a period of two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, any interest that accrued on the portion of the Principal that was converted shall be forgiven.
	If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) an any future profits received by Company that are derived from our process for the recovery of precious metals from coal ash and other materials (the “Technology”) at a basis of 1% of our net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.
		In addition, if the Creditor exercises the Unit Conversion Option, the Company will use best efforts to ensure that a director nominated by the Creditor is appointed to the Company’s Board of Directors. If the Creditor does nominate such director, the Company will be allowed to nominate and appoint an additional director to the Company’s Board of Directors.
		The Creditor has agreed to form a joint venture with the Company for the purpose of constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. Under the agreement, the Creditor and the Company shall form a limited liability company (“Newco”) to operate the Joint Venture, and ownership of Newco would be split equally between the Creditor and the Company. In addition, the Creditor would advance $250,000 plus up to 15% for contingencies, a total of $287,500, to Newco to fund the initial construction and operation costs of the Newco. These advances are not expected to be paid back to the Creditor.
		The Company has been operating in the Scottsdale facility in the prior years using the same technology licensed by the Company. As of July 31, 2014 and through the filing date of the Form 10-Q the Company and the Creditor have not established a limited liability corporation in accordance with the agreement. The equipment used in the Scottsdale facility, lease agreements for the Scottsdale facility, and other supplies purchased and costs incurred by the Scottsdale facility were incurred by the Company and are legal obligation of the Company. As of July 31, 2014, no bank account has been established for the joint venture and as a result the Company has paid all expenses related to the Scottsdale facility directly via the Company’s bank accounts. Funding under the joint venture has been deposited by the Company into bank accounts owned by the Company. As of July 31, 2014, the Creditor funded a total of $273,654. As of July 31, 2014 and through the date of the filing date of the Form 10-Q, the Company has not agreed to contribute any of the assets related to the Scottsdale facility to the joint venture. Based upon the aforementioned, the Company has accounted for the funds received totaling $273,654 as contributed capital since in substance, the Creditor has secured future revenue of the Scottsdale facility operations with such funds.

INVESTMENT_IN_MARKETABLE_SECUR

INVESTMENT IN MARKETABLE SECURITIES	3 Months Ended
	Jul. 31, 2014
INVESTMENT IN MARKETABLE SECURITIES [Text Block]	'
	3	INVESTMENT IN MARKETABLE SECURITIES
		As of July 31, 2014 and April 30, 2014, investment in marketable securities consisted of $920,000 and $500,000, respectively. The market value was $0.46 and $0.25 per Gainey share on July 31, 2014 and April 30, 2014, respectively, traded on the Vancouver exchange, under the stock symbol GNC.V.
		On September 27, 2013, the Company entered into a settlement and security release agreement with Golden Anvil. Under the terms of the Release Agreement, the Company agreed to release Golden Anvil from loan agreements pursuant to which, Golden Anvil owed the Company $983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey issued to the Company as part of an asset purchase agreement between Golden Anvil and Gainey.
		The Asset Purchase was completed on September 30, 2013 and will serve as Gainey’s qualifying transaction under TSX Venture Exchange rules for capital pool companies. As such, the Gainey Shares will be released pursuant to the terms of a surplus escrow agreement as follows:
	% of Shares to be Released	Date of Release
	5%	2-Oct-13
	5%	2-Apr-14
	10%	2-Oct-14
	10%	2-Apr-15
	15%	2-Oct-15
	15%	2-Apr-16
	40%	2-Oct-16
	In addition, the Gainey Shares are subject to a voluntary pooling agreement, which provides that none of the Gainey Shares may be traded before October 2, 2014.
	Marketable securities are held for an indefinite period of time and thus are classified as available-for-sale securities. Realized investment gains and losses are included in the statement of operations, as are provisions for other than temporary declines in the market value of available-for-sale securities. Unrealized gains and unrealized losses deemed to be temporary are excluded from earnings (losses), net of applicable taxes, as a component of other comprehensive income. Factors considered in judging whether an impairment is other than temporary include the financial condition, business prospects and creditworthiness of the issuer, the length of time that fair value has been less than cost, the relative amount of decline, and the Company’s ability and intent to hold the investment until the fair value recovers.
	As of July 31, 2014 and April 30, 2014, the Company has recorded an accumulated other comprehensive loss of $80,000 and $500,000, respectively, regarding its investment in marketable securities. Based on management’s evaluation of the circumstances, management believes that the decline in fair value below the cost of certain of the Company’s marketable securities is temporary.
	The following is a summary of available-for-sale marketable securities as of July 31, 2014:
			Cost		Unrealized		Unrealized			Market or
					Gain		(Losses)			Fair Value
	Equity securities	$	1,000,000	$	- -	$	(80,000	)	$	920,000
	Total	$	1,000,000	$	- -	$	(80,000	)	$	920,000
	The following is a summary of available-for-sale marketable securities as of April 30, 2014:
			Cost		Unrealized		Unrealized			Market or
					Gain		(Losses)			Fair Value
	Equity securities	$	1,000,000	$	- -	$	(500,000	)	$	500,000
	Total	$	1,000,000	$	- -	$	(500,000	)	$	500,000

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Jul. 31, 2014
PROPERTY AND EQUIPMENT [Text Block]	'
	4	PROPERTY AND EQUIPMENT
		Property and equipment consists of the following:
			As of			As of
			31-Jul-14			30-Apr-14
	Process, lab and office equipment	$	456,335		$	456,335
	Site equipment		22,369			22,369
	Total property and equipment		478,704			478,704
	Less: accumulated depreciation		(258,256	)		(237,265	)
		$	220,448		$	241,439
	Depreciation expense was $20,991 and $26,045 for the three months ended July 31, 2014 and 2013, respectively.

ACCOUNTS_PAYABLE_RELATED_PARTI

ACCOUNTS PAYABLE - RELATED PARTIES	3 Months Ended
	Jul. 31, 2014
ACCOUNTS PAYABLE - RELATED PARTIES [Text Block]	'
	5	ACCOUNTS PAYABLE - RELATED PARTIES
		As of July 31, 2014 and April 30, 2014, accounts payable – related parties consisted of $210,000 and $196,083 respectively, due to one director and officer of the Company for consulting fees.

LOANS_PAYABLE

LOANS PAYABLE	3 Months Ended
	Jul. 31, 2014
LOANS PAYABLE [Text Block]	'
	6	LOANS PAYABLE
		As of July 31, 2014 and April 30, 2014, loans payable of $358,030 and $348,030, respectively, consists of borrowings payable to four unrelated third parties. The loans bear 6% to 12% interest, are unsecured and are due on demand.

LOANS_PAYABLE_AND_ACCRUED_INTE

LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY	3 Months Ended
	Jul. 31, 2014
LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY [Text Block]	'
	7	LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES
		As of July 31, 2014 and April 30, 2014, loans payable – related parties of $344,000 and $258,000, respectively, mainly consists of borrowings, directly and indirectly, from one director of the Company. The balances bear 10% interest, are unsecured and are due on demand. As of July 31, 2014 and April 30, 2014, accrued interest – related party was $118,587 and $113,863, respectively.

NOTES_PAYABLE

NOTES PAYABLE	3 Months Ended
	Jul. 31, 2014
NOTES PAYABLE [Text Block]	'
	8	NOTES PAYABLE
		As of July 31, 2014 and April 30, 2014, notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison pursuant to the NVRM Agreement noted above (see Note 4). Mr. Gunnison signed an extension agreement extending the payment deadline to June 30, 2015. The note payable bears 6% interest annually.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jul. 31, 2014
COMMITMENTS AND CONTINGENCIES [Text Block]	'
	9	COMMITMENTS AND CONTINGENCIES
		Lease obligations – The Company has operating leases for its corporate office, corporate housing and plant facilities. Future minimum lease payments under the operating leases as of July 31, 2014 are as follows:
	Fiscal year ending April 30, 2015	$	71,650
	Fiscal year ending April 30, 2016	$	56,608
	Fiscal year ending April 30, 2017	$	42,016
	Fiscal year ending April 30, 2018	$	21,008
	Lease expense was $34,213 and $47,484 for the three months ended July 31, 2014 and 2013, respectively.
	Legal proceedings – The Company received a verified complaint (the “Complaint”), dated September 12, 2013, that was filed in Arizona Superior Court, Maricopa County, by McKendry Enterprises, Inc. Profit Sharing Plan and Retirement Trust (the “Landlord”), alleging breach of contract and breach of covenant of good faith and fair dealing in relation to the lease agreement dated June 6, 2007, between the Landlord and the Company, as amended (the “Lease Agreement”). The Complaint seeks to recover damages of at least $108,581, including, but not limited to: (1) $56,358 rent; (ii) $52,223 for maintenance, clean-up costs and construction; and (3) undetermined damages for additional repair, clean up and legal fees. The Company is vigorously defending this lawsuit. There is no assurance that the Company will be able to successfully defend the lawsuit. The Company is currently evaluating the merits of the lawsuit and the probability of a favorable outcome. Rent expense of $50,858 is recorded as an account payable as of July 31, 2014. In the event of an unfavorable outcome, the Company will be required to record additional liability.
	No other legal proceedings are pending, threatened or contemplated.

STOCKHOLDERS_EQUITY

STOCKHOLDERS EQUITY	3 Months Ended
	Jul. 31, 2014
STOCKHOLDERS EQUITY [Text Block]	'
	10	STOCKHOLDERS’ EQUITY
		Common and Preferred Stock:
		As of July 31, 2014 and April 30, 2014, there were 212,813,141 shares of common stock outstanding and zero shares of preferred stock outstanding.

STOCK_OPTIONS_AND_WARRANTS

STOCK OPTIONS AND WARRANTS	3 Months Ended
	Jul. 31, 2014
STOCK OPTIONS AND WARRANTS [Text Block]	'
	11	STOCK OPTIONS AND WARRANTS
		As of July 31, 2014 and April 30, 2014, there were 25,600,000 stock options and 129,385,129 stock warrants outstanding and exercisable.
		Extension of Warrants
		On July 10, 2014, the Company extended the expiration dates of 23,020,000 warrants previously issued on July 13, 2011, from an expiration date of July 12, 2014 to July 12, 2015. Each warrant entitles the holder to purchase an additional share of our common stock at a price of $0.10 per share.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jul. 31, 2014
RELATED PARTY TRANSACTIONS [Text Block]	'
	12	RELATED PARTY TRANSACTIONS
		For the three months ended July 31, 2014, the Company incurred $51,000, in consulting fees expense from companies with a common director or officer.
		For the three months ended July 31, 2013, the Company incurred $50,000, in consulting fees expense from companies with a common director or officer.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2014
SUBSEQUENT EVENTS [Text Block]	'
	13	SUBSEQUENT EVENTS
		On August 20, 2014, the Company entered an Amended and Restated License Agreement with Alvin C. Johnson, Jr. (“Licensor”), whereby the Licensor has been granted 7,980,493 shares of common stock as consideration for the cancellation by the Licensor of a 3.75% gross royalty on the proceeds from any commercial use of our non-exclusive right and license on the process for the recovery of precious metals from coal ash and other materials.
		On September 5, 2014, the Company issued 2,400,000 shares of common stock to two officers for options exercised at $0.02 per share in satisfaction of debt.

Summary_of_Significant_Account

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2014
Basis of Presentation [Policy Text Block]	'
		Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.
Description of Business [Policy Text Block]	'
		Description of Business – The Company is considered an exploration stage company. The Company's primary objectives are to 1) commercially extract and refine precious metals from its own and other’s leachable assets, 2) use its lixiviation processes to convert specific ore bodies and fly ash landfills/monofills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.
History [Policy Text Block]	'
		History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.
		On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).
		On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.
		Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.
		As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.
Going Concern [Policy Text Block]	'
		Going Concern - As of July 31, 2014, the Company has incurred cumulative net losses of $16,032,128 from operations since inception, accumulated other comprehensive loss of $80,000, and has negative working capital of $1,193,787. The Company is still in the exploration stage and has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern.
		The ability of the Company to continue as a going concern is dependent on the Company raising additional sources of capital and the successful execution of the Company’s objectives. The Company will seek additional sources of capital through the issuance of debt or equity financing, but there can be no assurance the Company will be successful in accomplishing its objectives. The financial statements do not include any adjustments relating to the recoverability and classification of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.
Use of Estimates [Policy Text Block]	'
	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents [Policy Text Block]	'
	Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.
Fair Value [Policy Text Block]	'
	Fair Value - ASC 825, Financial Instruments requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
	Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2014 and April 30, 2014 as follows:
	Fair Value Measurements at July 31, 2014 Using:
		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant
				as of 7/31/2014		Prices in Active		Other		Unobservable
						Markets (Level		Observable		Inputs (Level 3)
						1)		Inputs (Level 2)
		Investments in marketable securities	$	920,000	$	-	$	920,000	$	-
		Total	$	920,000	$	-	$	920,000	$	-
	Fair Value Measurements at April 30, 2014 Using:
		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant
				as of 4/30/2014		Prices in Active		Other		Unobservable
						Markets (Level		Observable		Inputs (Level 3
						1)		Inputs (Level 2)
		Investments in marketable securities	$	500,000	$	-	$	500,000	$	-
		Total	$	500,000	$	-	$	500,000	$	-
Property and Equipment [Policy Text Block]	'
	Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statement of operations.
	The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability.
Exploration Costs [Policy Text Block]	'
	Exploration Costs – Exploration costs incurred in locating areas of potential mineralization or evaluating properties or working interests with specific areas of potential mineralization are expensed as incurred. Development costs of proven mining properties not yet producing are capitalized at cost and classified as capitalized exploration costs under property, plant and equipment. Property holding costs are charged to operations during the period if no significant exploration or development activities are being conducted on the related properties. Upon commencement of production, capitalized exploration and development costs would be amortized based on the estimated proven and probable reserves benefited. Properties determined to be impaired or that are abandoned are written-down to the estimated fair value. Carrying values do not necessarily reflect present or future values.
Impairment of Long-Lived Assets [Policy Text Block]	'
	Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable.
	Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. The Company did not recognized an impairment expense for the three months ended July 31, 2014 and 2013, respectively.
Revenue Recognition [Policy Text Block]	'
	Revenue Recognition – The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Revenue from licensing our technology is recognized over the term of the license agreement. Costs and expenses are recognized during the period in which they are incurred.
Other Current Assets [Policy Text Block]	'
	Other Current Assets - Other current assets are comprised of other receivables, which do not bear interest and are recorded at cost. The Company extends credit to its consultants, which receivables can be offset against commissions payable to the respective consultants.
	The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of July 31, 2014 and April 30, 2014, the Company has recorded an allowance for doubtful account of $14,761 and $14,041, respectively.
Research and Development [Policy Text Block]	'
	Research and Development - All research and development expenditures are expensed as incurred.
Earnings (Loss) Per Share [Policy Text Block]	'
	Earnings (Loss) Per Share - The Company follows ASC 260, Earnings Per Share, and ASC 480, Distinguishing Liabilities from Equity, which establish standards for the computation, presentation and disclosure requirements for basic and diluted earnings per share for entities with publicly held common shares and potential common stock issuances. Basic earnings (loss) per share are computed by dividing net income by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities, such as stock options and warrants. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Common stock equivalents, which include stock options and warrants to purchase common stock, on July 31, 2014 and April 30, 2014 that were not included in the computation of diluted earnings per share because the effect would be antidilutive were 154,985,129.
Income Taxes [Policy Text Block]	'
	Income Taxes - The Company accounts for its income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business , deferred income tax liability is recorded on GAAP basis over income tax basis using statutory federal and state rates. The resulting estimated future federal and state income tax liability associated with the temporary difference between the acquisition consideration and the tax basis is computed in accordance with ASC 740-10-25-51, Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations , and is reflected as an increase to the total purchase price which is then applied to the underlying acquired assets in the absence of there being a goodwill component associated with the acquisition transactions.
Stock-Based Compensation [Policy Text Block]	'
	Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.
	ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.
Recent Accounting Standard [Policy Text Block]	'
	Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.
	In June 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-10, Development Stage Entities (Topic 915) Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders’ equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, Risks and Uncertainties, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Early adoption is permitted. The Company has elected early adoption of the new standard applied retrospectively. Adoption of the new guidance had no impact on the financial position, results of operations or cash flows.

DESCRIPTION_OF_BUSINESS_HISTOR1

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Tables)	3 Months Ended										12 Months Ended
	Jul. 31, 2014										Apr. 30, 2014
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]	'										'
		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant		Assets:		Total Carrying Value		Quoted Marked		Significant		Significant
				as of 7/31/2014		Prices in Active		Other		Unobservable				as of 4/30/2014		Prices in Active		Other		Unobservable
						Markets (Level		Observable		Inputs (Level 3)						Markets (Level		Observable		Inputs (Level 3
						1)		Inputs (Level 2)								1)		Inputs (Level 2)
		Investments in marketable securities	$	920,000	$	-	$	920,000	$	-		Investments in marketable securities	$	500,000	$	-	$	500,000	$	-
		Total	$	920,000	$	-	$	920,000	$	-		Total	$	500,000	$	-	$	500,000	$	-

INVESTMENT_IN_MARKETABLE_SECUR1

INVESTMENT IN MARKETABLE SECURITIES (Tables)	3 Months Ended										12 Months Ended
	Jul. 31, 2014										Apr. 30, 2014
Gainey Shares to be Released [Table Text Block]	'										'
	% of Shares to be Released	Date of Release
	5%	2-Oct-13
	5%	2-Apr-14
	10%	2-Oct-14
	10%	2-Apr-15
	15%	2-Oct-15
	15%	2-Apr-16
	40%	2-Oct-16
Available-for-sale Securities [Table Text Block]	'										'
			Cost		Unrealized		Unrealized			Market or			Cost		Unrealized		Unrealized			Market or
					Gain		(Losses)			Fair Value					Gain		(Losses)			Fair Value
	Equity securities	$	1,000,000	$	- -	$	(80,000	)	$	920,000	Equity securities	$	1,000,000	$	- -	$	(500,000	)	$	500,000
	Total	$	1,000,000	$	- -	$	(80,000	)	$	920,000	Total	$	1,000,000	$	- -	$	(500,000	)	$	500,000

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Jul. 31, 2014
Schedule of Property, Plant and Equipment [Table Text Block]	'
			As of			As of
			31-Jul-14			30-Apr-14
	Process, lab and office equipment	$	456,335		$	456,335
	Site equipment		22,369			22,369
	Total property and equipment		478,704			478,704
	Less: accumulated depreciation		(258,256	)		(237,265	)
		$	220,448		$	241,439

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jul. 31, 2014
Schedule of Lease Obligation [Table Text Block]	'
	Fiscal year ending April 30, 2015	$	71,650
	Fiscal year ending April 30, 2016	$	56,608
	Fiscal year ending April 30, 2017	$	42,016
	Fiscal year ending April 30, 2018	$	21,008

DESCRIPTION_OF_BUSINESS_HISTOR2

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
	Y
Description Of Business, History And Summary Of Significant Policies 1	32,183,326
Description Of Business, History And Summary Of Significant Policies 2	23,500,000
Description Of Business, History And Summary Of Significant Policies 3	$0.00
Description Of Business, History And Summary Of Significant Policies 4	$23,500
Description Of Business, History And Summary Of Significant Policies 5	69.70%
Description Of Business, History And Summary Of Significant Policies 6	16,032,128
Description Of Business, History And Summary Of Significant Policies 7	80,000
Description Of Business, History And Summary Of Significant Policies 8	1,193,787
Description Of Business, History And Summary Of Significant Policies 9	3
Description Of Business, History And Summary Of Significant Policies 10	10
Description Of Business, History And Summary Of Significant Policies 11	14,761
Description Of Business, History And Summary Of Significant Policies 12	$14,041
Description Of Business, History And Summary Of Significant Policies 13	154,985,129

SCOTTSDALE_FACILITY_AGREEMENT_

SCOTTSDALE FACILITY AGREEMENT (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Scottsdale Facility Agreement 1	$150,000
Scottsdale Facility Agreement 2	6.00%
Scottsdale Facility Agreement 3	0.05
Scottsdale Facility Agreement 4	$0.10
Scottsdale Facility Agreement 5	1.00%
Scottsdale Facility Agreement 6	10,000
Scottsdale Facility Agreement 7	250,000
Scottsdale Facility Agreement 8	15.00%
Scottsdale Facility Agreement 9	287,500
Scottsdale Facility Agreement 10	273,654
Scottsdale Facility Agreement 11	$273,654

INVESTMENT_IN_MARKETABLE_SECUR2

INVESTMENT IN MARKETABLE SECURITIES (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Investment In Marketable Securities 1	$920,000
Investment In Marketable Securities 2	500,000
Investment In Marketable Securities 3	0.46
Investment In Marketable Securities 4	0.25
Investment In Marketable Securities 5	983,055
Investment In Marketable Securities 6	2,000,000
Investment In Marketable Securities 7	80,000
Investment In Marketable Securities 8	$500,000

PROPERTY_AND_EQUIPMENT_Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Property And Equipment 1	$20,991
Property And Equipment 2	$26,045

ACCOUNTS_PAYABLE_RELATED_PARTI1

ACCOUNTS PAYABLE - RELATED PARTIES (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Accounts Payable - Related Parties 1	$210,000
Accounts Payable - Related Parties 2	$196,083

LOANS_PAYABLE_Narrative_Detail

LOANS PAYABLE (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Loans Payable 1	$358,030
Loans Payable 2	$348,030
Loans Payable 3	6.00%
Loans Payable 4	12.00%

LOANS_PAYABLE_AND_ACCRUED_INTE1

LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Loans Payable And Accrued Interest Related Party 1	$344,000
Loans Payable And Accrued Interest Related Party 2	258,000
Loans Payable And Accrued Interest Related Party 3	10.00%
Loans Payable And Accrued Interest Related Party 4	118,587
Loans Payable And Accrued Interest Related Party 5	$113,863

NOTES_PAYABLE_Narrative_Detail

NOTES PAYABLE (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Notes Payable 1	$50,000
Notes Payable 2	6.00%

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Commitments And Contingencies 1	$34,213
Commitments And Contingencies 2	47,484
Commitments And Contingencies 3	108,581
Commitments And Contingencies 4	56,358
Commitments And Contingencies 5	52,223
Commitments And Contingencies 6	$50,858

STOCKHOLDERS_EQUITY_Narrative_

STOCKHOLDERS EQUITY (Narrative) (Details)	3 Months Ended
	Jul. 31, 2014
Stockholders Equity 1	212,813,141

STOCK_OPTIONS_AND_WARRANTS_Nar

STOCK OPTIONS AND WARRANTS (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Stock Options And Warrants 1	25,600,000
Stock Options And Warrants 2	129,385,129
Stock Options And Warrants 3	23,020,000
Stock Options And Warrants 4	$0.10

RELATED_PARTY_TRANSACTIONS_Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Related Party Transactions 1	$51,000
Related Party Transactions 2	$50,000

SUBSEQUENT_EVENTS_Narrative_De

SUBSEQUENT EVENTS (Narrative) (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Subsequent Events 1	7,980,493
Subsequent Events 2	3.75%
Subsequent Events 3	2,400,000
Subsequent Events 4	$0.02

Schedule_of_Fair_Value_of_Sepa

Schedule of Fair Value of Separate Accounts by Major Category of Investment (Details) (USD $)	3 Months Ended	12 Months Ended
	Jul. 31, 2014	Apr. 30, 2014
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1	$920,000	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2	0	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3	920,000	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4	0	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5	920,000	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6	0	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7	920,000	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8	0	'
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1	'	500,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2	'	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3	'	500,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4	'	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5	'	500,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6	'	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7	'	500,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8	'	$0

Gainey_Shares_to_be_Released_D

Gainey Shares to be Released (Details)	3 Months Ended
	Jul. 31, 2014
Investment In Marketable Securities Gainey Shares To Be Released 1	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 2	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 3	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 4	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 5	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 6	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 7	40.00%

Availableforsale_Securities_De

Available-for-sale Securities (Details) (USD $)	3 Months Ended	12 Months Ended
	Jul. 31, 2014	Apr. 30, 2014
Investment In Marketable Securities Available-for-sale Securities 1	$1,000,000	'
Investment In Marketable Securities Available-for-sale Securities 2	0	'
Investment In Marketable Securities Available-for-sale Securities 3	-80,000	'
Investment In Marketable Securities Available-for-sale Securities 4	920,000	'
Investment In Marketable Securities Available-for-sale Securities 5	1,000,000	'
Investment In Marketable Securities Available-for-sale Securities 6	0	'
Investment In Marketable Securities Available-for-sale Securities 7	-80,000	'
Investment In Marketable Securities Available-for-sale Securities 8	920,000	'
Investment In Marketable Securities Available-for-sale Securities 1	'	1,000,000
Investment In Marketable Securities Available-for-sale Securities 2	'	0
Investment In Marketable Securities Available-for-sale Securities 3	'	-500,000
Investment In Marketable Securities Available-for-sale Securities 4	'	500,000
Investment In Marketable Securities Available-for-sale Securities 5	'	1,000,000
Investment In Marketable Securities Available-for-sale Securities 6	'	0
Investment In Marketable Securities Available-for-sale Securities 7	'	-500,000
Investment In Marketable Securities Available-for-sale Securities 8	'	$500,000

Schedule_of_Property_Plant_and

Schedule of Property, Plant and Equipment (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Property And Equipment Schedule Of Property, Plant And Equipment 1	$456,335
Property And Equipment Schedule Of Property, Plant And Equipment 2	456,335
Property And Equipment Schedule Of Property, Plant And Equipment 3	22,369
Property And Equipment Schedule Of Property, Plant And Equipment 4	22,369
Property And Equipment Schedule Of Property, Plant And Equipment 5	478,704
Property And Equipment Schedule Of Property, Plant And Equipment 6	478,704
Property And Equipment Schedule Of Property, Plant And Equipment 7	-258,256
Property And Equipment Schedule Of Property, Plant And Equipment 8	-237,265
Property And Equipment Schedule Of Property, Plant And Equipment 9	220,448
Property And Equipment Schedule Of Property, Plant And Equipment 10	$241,439

Schedule_of_Lease_Obligation_D

Schedule of Lease Obligation (Details) (USD $)	3 Months Ended
	Jul. 31, 2014
Commitments And Contingencies Schedule Of Lease Obligation 1	$71,650
Commitments And Contingencies Schedule Of Lease Obligation 2	56,608
Commitments And Contingencies Schedule Of Lease Obligation 3	42,016
Commitments And Contingencies Schedule Of Lease Obligation 4	$21,008