Infrastructure Materials (IFAM) 10-Q 16 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Trading Symbol	ifam
Entity Registrant Name	INFRASTRUCTURE MATERIALS CORP.
Entity Central Index Key	1,383,859
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		138,304,619
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Current
Cash and cash equivalents	$ 8,817	$ 5,666
Investments	67,694	57,128
Prepaid expenses and other receivables	41,883	14,810
Total Current Assets	118,394	77,604
Restricted Cash	52,000	52,000
Reclamation Deposit	21,600	21,600
Plant and Equipment, net	420,070	435,749
Total Assets	612,064	586,953
Current
Accounts payable	10,083	8,712
Accrued liabilities	65,789	47,803
Notes Payable	454,622	267,868
Deferred Revenue	440,205	429,639
Total Current Liabilities	970,699	754,022
Asset Retirement Obligation	21,600	21,600
Total Liabilities	992,299	775,622
Going Concern	0	0
Commitments and Contingencies	0	0
Related Party Transactions	0	0
Subsequent Events	0	0
Capital Stock
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 138,304,619 issued and outstanding (June 30, 2015 - 138,304,619)	13,830	13,830
Additional Paid in Capital	24,743,631	24,743,631
Deficit	(25,137,696)	(24,946,130)
Total Stockholders' (Deficiency)	(380,235)	(188,669)
Total Liabilities and Stockholders' (Deficiency)	$ 612,064	$ 586,953

Interim Consolidated Balance S3

Interim Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Jun. 30, 2015
Preferred Stock, Par Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	138,304,619	138,304,619
Common Stock, Shares, Outstanding	138,304,619	138,304,619

Interim Consolidated Statements

Interim Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Expenses
General and administration	$ 94,200	$ 99,602
Project expenses	78,233	60,937
Depreciation	15,679	18,707
Total Operating Expenses	188,112	179,246
Loss from Operations	(188,112)	(179,246)
Interest Expense	(3,454)	(1,172)
Loss before Income Taxes	(191,566)	(180,418)
Provision for income taxes	0	0
Net Loss and Comprehensive Loss	$ (191,566)	$ (180,418)
Loss per Weighted Average Number of Shares Outstanding -Basic and Fully Diluted	$ (0.001)	$ (0.001)
Weighted Average Number of Shares Outstanding During the Periods -Basic and Fully Diluted	138,304,619	138,304,619

Interim Consolidated Statement5

Interim Consolidated Statements of Changes in Stockholders Equity/(Deficiency) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit [Member]	Total
Beginning Balance at Jun. 30, 2014	$ 13,830	$ 24,743,631	$ (24,366,659)	$ 390,802
Beginning Balance (Shares) at Jun. 30, 2014	138,304,619
Net loss for the year			(579,471)	(579,471)
Ending Balance at Jun. 30, 2015	$ 13,830	24,743,631	(24,946,130)	(188,669)
Ending Balance (Shares) at Jun. 30, 2015	138,304,619
Net loss for the year			(191,566)	(191,566)
Ending Balance at Sep. 30, 2015	$ 13,830	$ 24,743,631	$ (25,137,696)	$ (380,235)
Ending Balance (Shares) at Sep. 30, 2015	138,304,619

Interim Consolidated Statement6

Interim Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net loss	$ (191,566)	$ (180,418)
Adjustment to reconcile net loss to cash used in operating activities:
Depreciation	15,679	18,707
Gain on disposal of plant and equipment	0	(3,761)
Accretion of Asset Retirement Obligation	0	491
Cash Flow from Changes in certain assets and liabilities
Prepaid expenses and other receivables	(27,073)	(43,034)
Accounts payable	1,371	27,764
Accrued liabilities	17,986	(24,247)
Interest accrued on promissory note	3,454	1,172
Net cash used in operating activities	(180,149)	(203,326)
Cash Flows from Investing Activities
Cash received for option on claims and included in Deferred revenue net *	0	70,000	[1]
Proceeds from sale of plant and equipment	0	10,900
Net cash provided by investing activities	0	80,900
Cash Flows from Financing Activities
Issuance of promissory notes	183,300	170,000
Net cash provided by financing activities	183,300	170,000
Net Change in Cash and cash equivalents	3,151	47,574
Cash and cash equivalents beginning of period	5,666	162,847
Cash and cash equivalents end of period	8,817	210,421
Supplemental Cash Flow Information
Interest Paid	0	0
Income taxes paid	$ 0	$ 0
[1]	* Excludes receipt of marketable securities for $10,566 (2014: $12,803), being a non-cash item included in Deferred Revenue

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2015
Basis of Presentation [Text Block]	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Infrastructure Materials Corp. (the “Company”), have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”); however, such information reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods. The condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto together with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s Annual Report on Form 10-K for the year ended June 30, 2015. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at September 30, 2015 and June 30, 2015, the results of its operations for the three-month periods ended September 30, 2015 and September 30, 2014, and its cash flows for the three-month periods ended September 30, 2015 and September 30, 2014. In addition, some of the Company’s statements in this Quarterly Report on Form 10-Q may be considered forward-looking and involve risks and uncertainties that could significantly impact expected results. The results of operations for the three-month period ended September 30, 2015 are not necessarily indicative of results to be expected for the full year. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Infrastructure Materials Corp US (“IMC US”), Silver Reserve Corp. (“SRC”) and Canadian Infrastructure Corp. All material inter-company accounts and transactions have been eliminated. Recently Adopted Accounting Standards In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on July 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosure for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Nature of Business and Operatio

Nature of Business and Operations	3 Months Ended
	Sep. 30, 2015
Nature of Business and Operations [Text Block]	2. Nature of Business and Operations The Company’s focus is on the exploration and development, if feasible, of limestone and precious metals from its claims in the State of Nevada. The Company is primarily engaged in the acquisition and exploration of mineral properties. Mineral property acquisition costs are initially capitalized in accordance with ASC 805-20-55-37, previously referenced as the FASB Emerging Issues Task Force ("EITF") Issue 04-2. The Company assesses the carrying costs for impairment under ASC 360 and evaluates its carrying value under ASC 930 at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property will be capitalized. To date, mineral property exploration costs have been expensed as incurred. To date, the Company has not established any proven or probable reserves on its mineral properties. The Company’s limestone assets are held by its wholly owned subsidiary, Infrastructure Materials Corp US (“IMC US”), a Nevada corporation that was acquired as of November 2008. As of the date of the financial statements, IMC US controls 2 limestone projects in Nevada, made up of 68 mineral claims covering approximately 1,405 acres on land owned or controlled by the United States Department of Interior Bureau of Land Management (the “BLM”). IMC US has also acquired 50% of the mineral rights on 680 acres and 25% of the mineral rights on 160 acres. On December 18, 2008, the Company incorporated a second wholly owned subsidiary in the State of Delaware under its former name, “Silver Reserve Corp.” (“SRC”). The Company assigned all fourteen of its precious metal projects in Nevada to SRC. SRC has since terminated its interests in four of the projects. As of the date of the financial statements, the remaining ten projects contain 272 mineral claims covering approximately 5,599 acres on BLM land and 17 patented claims and 3 leased patented claims covering approximately 365 acres. SRC also has a milling facility located in Mina, Nevada on six BLM mill site claims covering 30 acres. The Company has not yet determined that any of its claims, mineral rights, mineral exploration permits or quarry leases can be economically developed and has expensed related costs to project expense. The Company’s assessment of the claims, mineral exploration permits, mineral rights and quarry leases may change after further exploration.

Going Concern

Going Concern	3 Months Ended
	Sep. 30, 2015
Going Concern [Text Block]	3. Going Concern The Company's financial statements have been prepared in accordance with U.S. GAAP and are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. The Company’s activities are subject to a number of risks and uncertainties. The Company has had a history of net losses and must continue to seek financing, either through debt or equity, not only to finance its operating expenses, but to continue its exploration activities and its assessments of the commercial viability of its claims. There can be no assurance that such financing will be available on acceptable terms, if at all, or that the Company will attain profitable levels of operation. In addition, strategic acquisitions, if any, could have a dilutive effect on investment. Failure to make accretive acquisitions and successfully integrate them could adversely affect the Company’s future financial results. Because the Company is small and has few financial and other resources, the Company may not be able to succeed in the very competitive industry in which it is engaged. The Company has incurred a cumulative loss of $25,137,696 from inception to September 30, 2015. The Company has no source of operating revenue and expects to incur significant expenses before establishing operating revenue. Due to continuing operating losses and cash outflows from continuing operations, the Company’s continuation as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operation. In the event that the Company is unable to raise additional capital, as to which there is no assurance, the Company will not be able to continue doing business. Historically, the Company has funded operations through the issuance of capital stock, convertible debentures and redeemable preferred stock. Prior to December 2011 the Company received net proceeds of $12,718,365 pursuant to the issuance of such securities. In December 2011 the Company completed a public offering in Canada of its Common Shares for net proceeds of $2,215,399. On August 28, 2013, the Company completed a private placement of its Common Shares for net proceeds of $465,343. In April 2013 and July 2013, the Company borrowed $140,000 and $150,000, respectively, issuing promissory notes that were converted to Common Shares in October 2013. During the twelve months ended June 30, 2015, the Company borrowed a total of $261,000, issuing promissory notes that are payable on demand. During the three months ended September 30, 2015, the Company borrowed a total of $183,300, issuing promissory notes that are payable on demand. See Note 8, Notes Payable. Management's plan is to continue raising additional funds through future equity or debt financing until it achieves profitable operations from production of minerals or metals on its properties, if feasible.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2015
Fair Value of Financial Instruments [Text Block]	4. Fair Value of Financial Instruments The fair values of financial assets measured at the balance sheet date of September 30, 2015 were as follows: Quoted prices in active Significant markets for observable Unobservable Carrying identical assets inputs inputs Balance sheet Amount (Level 1) (Level 2) (Level 3) classification and nature $ $ $ $ Assets Cash and cash equivalents 8,817 8,817 Investments 67,694 67,694 Restricted Cash 52,000 52,000 The fair values of financial assets measured at the balance sheet date of June 30, 2015 were as follows: Quoted prices in active Significant markets for observable Unobservable Carrying identical assets inputs inputs Balance sheet Amount (Level 1) (Level 2) (Level 3) classification and nature $ $ $ $ Assets Cash and cash equivalents 5,666 5,666 Investments 57,128 57,128 Restricted Cash 52,000 52,000

Restricted Cash

Restricted Cash	3 Months Ended
	Sep. 30, 2015
Restricted Cash [Text Block]	5. Restricted Cash Amounts reflected as Restricted Cash represent certificates of deposits pledged toward reclamation liabilities assessed by the BLM. Periodically, the BLM may require the Company to pledge additional cash as collateral or the Company may be allowed to remove restrictions on this cash by completing its reclamation obligations, as the case may be.

Reclamation Deposit

Reclamation Deposit	3 Months Ended
	Sep. 30, 2015
Reclamation Deposit [Text Block]	6. Reclamation Deposit In July 2010, the Company posted a reclamation bond of $240,805 pursuant to the Plan of Operations for its Blue Nose limestone project, as required by the BLM to secure remediation costs if the project is abandoned or closed. In December 2013, the Company submitted an application to withdraw its Plan of Operations and to seek a refund from the BLM of a portion of the Reclamation Bond. In January 2014, the application was approved and the Company received $219,205 from the BLM as a partial refund of the Reclamation Bond. The Company must complete certain reclamation work for the $21,600 balance to be released, but may leave the bond in place for future exploration programs, even if such reclamation work is completed.

Plant and Equipment, Net

Plant and Equipment, Net	3 Months Ended
	Sep. 30, 2015
Plant and Equipment, Net [Text Block]	7. Plant and Equipment, Net Plant and equipment are recorded at cost less accumulated depreciation. Depreciation is provided commencing in the month following acquisition using the following annual rate and method: Computer equipment 30% declining balance method Office furniture and fixtures 20% declining balance method Plant and Machinery 15% declining balance method Tools 25% declining balance method Vehicles 20% declining balance method Consumables 50% declining balance method Molds 30% declining balance method Mobile Equipment 20% declining balance method Factory Buildings 5% declining balance method September 30, 2015 June 30, 2015 Accumulated Accumulated Cost Depreciation Cost Depreciation $ $ $ $ Computer equipment 25,729 20,462 25,729 20,031 Office, furniture and fixtures 3,623 3,007 3,623 2,977 Plant and Machinery 1,514,511 1,166,874 1,514,511 1,153,332 Tools 11,498 9,515 11,498 9,382 Vehicles 48,280 40,742 48,280 40,343 Consumables 64,197 64,069 64,197 64,049 Molds 900 864 900 861 Mobile Equipment 73,927 64,049 73,927 63,525 Factory Buildings 74,849 27,862 74,849 27,265 1,817,514 1,397,444 1,817,514 1,381,765 Net carrying amount 420,070 435,749 Depreciation charges 15,679 74,421 During the three-months ended September 30, 2015, the Company recorded depreciation expense of $15,679. During the twelve months ended June 30, 2015, the Company recorded depreciation expense of $74,421.

Notes Payable

Notes Payable	3 Months Ended
	Sep. 30, 2015
Notes Payable [Text Block]	8. Notes Payable On July 3, 2014, the Company borrowed $70,000 from Mont Strategies Inc. (“Mont Strategies”), a company that is owned and controlled by a member of the Company’s Board of Directors. This loan was made pursuant to a demand promissory note that bears interest at 4 percent ( 4%) per annum and may also be prepaid by the Company at any time without penalty. If the Company fails to make payment within five business days of demand by Mont Strategies, the promissory note will bear interest at ten percent ( 10%) per annum. The Company intends to use the proceeds of the promissory note for working capital. For the year ended June 30, 2015, the Company recorded interest expense of $2,784 for this promissory note. For the three-month period ended September 30, 2015, the Company recorded interest expense of $706 for this promissory note. On August 18, 2014, the Company borrowed an additional $100,000 from Mont Strategies. This loan was made pursuant to a demand promissory note that bears interest at 4 percent ( 4%) per annum and may also be prepaid by the Company at any time without penalty. If the Company fails to make payment within five business days of demand by Mont Strategies, the promissory note will bear interest at ten percent ( 10%) per annum. The Company intends to use the proceeds of the promissory note for working capital. For the year ended June 30, 2015, the Company recorded interest expense of $3,473 for this promissory note. For the three-month period ended September 30, 2015, the Company recorded interest expense of $1,008 for this promissory note. On March 25, 2015, the Company entered into a Standby Support Agreement (the “Agreement”) with Mont Strategies. The Agreement contemplates that Mont Strategies will consider advancing loans to the Company as the Company requests funding from time to time during the two-year term of the Agreement. The Agreement does not obligate Mont Strategies to fund such requests. Proceeds from these loans are used as working capital. Each loan funded under the Agreement is evidenced by a separate demand promissory note that bears simple interest at a rate of four percent ( 4%) per annum. The loans may be repaid by the Company at any time without penalty, or upon demand by Mont Strategies. If the Company fails to make payment on a promissory note issued pursuant to the Agreement within five business days of demand by Mont Strategies, such promissory note will bear interest at ten percent ( 10%) per annum. The promissory notes are general obligations of the Company and not secured. During the year ended June 30, 2015, the Company received loans in the aggregate of $91,000 and recorded interest expense of $611. During the three months ended September 30, 2015, the Company received loans in the aggregate of $183,300 and recorded interest expense of $1,740.

Deferred Revenue, Marketable Se

Deferred Revenue, Marketable Securities, Other Income and Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 30, 2015
Deferred Revenue, Marketable Securities, Other Income and Accumulated Other Comprehensive Loss [Text Block]	9. Deferred Revenue, Investments, Other Income and Accumulated Other Comprehensive Loss On February 25, 2011, SRC entered into an option and joint venture agreement (the “Option Agreement”) with International Millennium Mining Inc. (“IMMI”), a wholly owned subsidiary of International Millennium Mining Corp. (“IMMC”), to sell an 85% interest in SRC’s NL Extension Project (the “NL Project”) for total consideration of $350,000 cash and 1,925,000 shares of IMMC’s common stock (together, the “Consideration”). The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. Under the terms of the Option Agreement, the Consideration is payable over a five-year period that ended on September 15, 2015 and was extended to October 19, 2015, with IMMI’s interest in the NL Project vesting at the end of such period. Also see Note 13, Commitments and Contingencies. As of June 30, 2015, the Company had received Consideration of $429,639, consisting of 1,575,000 shares of IMMC with an initial fair market value of $179,639 that was recorded as Investments in the Company’s Consolidated Balance Sheets, and $250,000 in cash. As of September 30, 2015, the Company had received Consideration of $440,205, consisting of 1,925,000 shares of IMMC with an initial fair market value of $190,205 that was recorded as Investments in the Company’s Consolidated Balance Sheets, and $250,000 in cash. Because IMMI’s interest in the NL Project vests at the end of the five-year period as extend to October 19, 2015 and since the final cash payment, in the amount of $100,000, was not received until after September 30, 2015 (See Note 15), this Consideration is accounted for in the Consolidated Balance Sheets as Deferred Revenue. IMMC common shares were traded in Canada on the TSX Venture Exchange (the “Exchange”). Pursuant to the Exchange’s policies, IMMC’s common shares encountered a trading halt on December 24, 2013, when IMMC announced a proposed change in business/reverse take-over. The trading halt continues to date. The Company considered these investments as marketable during the year ended June 30, 2014 and recorded an other-than-temporary impairment of $122,511 in the value of these securities that was reclassified to net loss during the year ended June 30, 2014. This loss included $17,468 representing the decline in the market value of the securities for the year ended June 30, 2014. In the absence of any trading of IMMC's common shares on the Exchange as a result of the ongoing trading halt for the three- month period, the Company’s determination of fair value was based on the best information available in the circumstances, and incorporates management’s own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. This investment is valued taking into consideration any changes in key inputs and changes in economic and other relevant conditions. No impairment loss or change in value of securities has been recorded for the three-month period ended September 30, 2015. Accumulated Other Deferred Comprehensive Revenue Investments Loss Balance as of July 1, 2014 $ 346,836 $ 44,325 $ - Consideration received during the year ended June 30, 2015 82,803 12,803 Balance as of June 30, 2015 $ 429,639 $ 57,128 $ - Consideration received during the period ending September 30, 2015 10,566 10,566 Balance as of September 30, 2015 $ 440,205 $ 67,694 $ -

Asset Retirement Obligation

Asset Retirement Obligation	3 Months Ended
	Sep. 30, 2015
Asset Retirement Obligation [Text Block]	10. Asset Retirement Obligation The Company is required to recognize a liability for its legal obligation to perform reclamation and disturbance monitoring activities once any of its projects are abandoned or closed. Although these activities are conditional upon future events, the Company is required to make a reasonable estimate of the fair value of the liability. At the end of each reporting period, asset retirement obligations ("ARO") are equal to the present value of all estimated future costs required to remediate any ground disturbances that exist as of the end of the period, using discount rates applicable at the time of initial recognition of each component of the liability. A liability for an ARO may be incurred over more than one reporting period if the events that create the obligation occur over more than one reporting period. Any incremental liability incurred in a subsequent reporting period shall be considered to be an additional layer of the original liability. Each layer shall be initially measured at fair value. Included in this liability are the costs of reclamation and monitoring and maintenance costs. A discount rate of 10% was determined to be applicable. Based on the existing level of ground disturbance and monitoring requirements and assuming payments made over a one-year period, the Company decreased its estimate of the present value of its asset retirement obligation as of June 30, 2014 to $19,636, resulting in a credit of $9,572 to its Consolidated Statements of Operations. Determination of the undiscounted ARO and the timing of these obligations were based on internal estimates using information currently available and existing regulations. The Company’s entire ARO relates to its Blue Nose project. Balance as of June 30, 2014 $ 19,636 Accretion for the year ended June 30, 2015 1,964 Balance as of June 30, 2015 and September 30, 2015 $ 21,600

Issuance of Common Shares and W

Issuance of Common Shares and Warrants	3 Months Ended
	Sep. 30, 2015
Issuance of Common Shares and Warrants [Text Block]	11. Issuance of Common Shares and Warrants Common Shares: Three-month period ended September 30, 2015 There were no securities issued during this three-month period. Year ended June 30, 2015 There were no securities issued during this twelve-month period.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Sep. 30, 2015
Stock Based Compensation [Text Block]	12. Stock Based Compensation In April 2006, the Board of Directors approved the Company’s 2006 Stock Option Plan, the purpose of which was to enhance the Company's stockholder value and financial performance by attracting, retaining and motivating the Company's officers, directors, key employees and consultants and to encourage stock ownership by such individuals by providing them with a means to acquire a proprietary interest in the Company's success through stock ownership. Under the 2006 Stock Option Plan, officers, directors, employees and consultants who provide services to the Company could be granted options to acquire shares of the Company’s common stock at the fair market value of the stock on the date of grant. Options could have a term of up to 10 years. The total number of shares reserved for issuance under the 2006 Stock Option Plan was 5,000,000. At a meeting of shareholders held on July 29, 2011, the shareholders of the Company approved a new stock option plan as described below. No further options will be issued under the 2006 Stock Option Plan. The Company held an annual meeting of shareholders on July 29, 2011. At the meeting, among other actions, the shareholders of the Company approved the amendment and restatement of the 2006 Stock Option Plan resulting in the Company’s Amended Stock Option Plan (the “Amended Plan”). The Amended Plan replaced the Company’s 2006 Stock Option Plan and no further options will be issued under the 2006 Stock Option Plan. The terms of the Amended Plan include, among others, that (a) officers, directors, employees and consultants who provide services to the Company may be granted options to acquire shares of the Company’s Common Shares at the fair market value of the stock on the date of grant, (b) options may have a term of up to 10 years, (c) the Company may issue options in a number up to a maximum of 10% of the outstanding Common Shares, and (d) outstanding stock options previously granted pursuant to the 2006 Stock Option Plan will remain in effect and be exercisable in accordance with, and be deemed to be issued under, the terms of the Amended Plan. It is expected that options issued pursuant to the Amended Plan will not be “qualified” options under the provisions of section 422 of the Internal Revenue Code of 1986 as amended from time to time. At the annual meeting of shareholders on July 16, 2013, the shareholders of the Company approved the Company’s 2013 Amended Stock Option Plan (the “Current Stock Option Plan”). The Current Stock Option Plan amends and restates in its entirety the 2011 Amended Plan. The Current Stock Option Plan effected minor technical clarifications to the 2011 Amended Plan and did not materially change its terms. Three-month period ended September 30, 2015 No options were granted pursuant to the Current Stock Option Plan during the three-month period ended September 30, 2015. Year ended June 30, 2015 No options were granted pursuant to the Current Stock Option Plan during the year ended June 30, 2015. The following table summarizes the options outstanding at September 30, 2015: Outstanding at June 30, 2015 (audited) 8,625,000 Granted - Expired - Exercised - Forfeited - Cancelled - Outstanding at September 30, 2015 8,625,000 Exercisable at September 30, 2015 8,625,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies [Text Block]	13. Commitments and Contingencies On August 1, 2006, the Company acquired the Pansy Lee Project from Anglo Gold Mining Inc. in exchange for 1,850,000 Common Shares pursuant to an asset purchase agreement dated August 1, 2006 (the “Pansy Lee Purchase Agreement”). Pursuant to the Pansy Lee Purchase Agreement, 8 of the 12 claims in this project are subject to a net smelter royalty. In the event that any one or more of these 8 claims enters into production, any revenue generated is subject to a 2% net smelter return royalty where net smelter returns are based upon gross revenue less deductions as provided in the Pansy Lee Purchase Agreement. On May 30, 2008, the Company entered into an agreement (the “Harting Lease Agreement”) with Ovidia Harting (“Harting”) to lease two patented claims covering approximately 35 acres in Esmeralda County, Nevada. The Harting Lease Agreement has a renewable term of 10 years and permits the Company to explore the area covered by the patented claims. The Harting Lease Agreement provides for annual payments of $1,000 per claim to Harting and also requires that the Company pay the real estate taxes imposed by Esmeralda County on the property. In the event that one or both of these claims enters into production, any revenue generated is subject to a 3% net smelter return royalty to be calculated and paid to Harting within 45 days after the end of each calendar quarter. The Company may terminate the Harting Lease Agreement at any time by giving 60 days’ advance written notice to Harting. On November 30, 2009, IMC US entered into a mineral rights agreement with Perdriau Investment Corp. (“Perdriau”) to purchase 50% of the mineral rights, including all easements, rights of way and appurtenant rights of any type that run with the mineral rights in certain sections of Elko County, Nevada (the “Perdriau Property”). The purchase price was $10 per net acre. IMC US purchased 340 net acres for a total purchase price of $3,400. In the event that the Perdriau Property becomes a producing property, Perdriau will be entitled to receive a royalty of $0.25 per ton for material mined and removed from the Perdriau Property. On January 15, 2010, IMC US entered into a mineral rights agreement with Eugene M. Hammond (the “Hammond Mineral Rights Agreement”) pursuant to which the Company purchased a 25% interest in any and all minerals extracted from 160 acres located in Elko County, Nevada (the “Hammond Mineral Rights Property”) that is covered by the Hammond Mineral Rights Agreement. The purchase price was $400. In the event that the Hammond Mineral Rights Property becomes a producing property, Eugene M. Hammond is entitled to receive a royalty of $0.125 per ton on material mined and removed from the Hammond Mineral Rights Property. The Hammond Mineral Rights Agreement does not cover petroleum. On February 25, 2011, SRC entered into an option and joint venture agreement (the “IMMI Option Agreement”) with International Millennium Mining Inc. (“IMMI”), a wholly owned subsidiary of International Millennium Mining Corp. (“IMMC”), to sell an 85% interest in SRC’s NL Extension Project (the “NL Project”) for total consideration of $350,000 cash and 1,925,000 shares of IMMC’s common stock (the “Consideration”). The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. Under the terms of the IMMI Option Agreement, the Consideration is payable over a five-year period that ends on September 15, 2015, with IMMI’s interest in the NL Project vesting at the end of such period. In the event of early termination of the IMMI Option Agreement, IMMI is not entitled to the return of Consideration previously paid to SRC. If the NL Project is determined to be economically feasible, based upon criteria contained in the IMMI Option Agreement, SRC will be required to fund its portion of an operating budget proposed by IMMI in order to retain its 15% interest in the NL Project and to acquire a 15% interest in IMMI’s Nivloc Mine Project (the NL Project and the Nivloc Mine Project, collectively, the “IMMI Project”). In the event that SRC decides not to fund its portion of the budget, its 15% interest would be forfeited, but SRC would be entitled to a 2% net smelter return royalty if and when the IMMI Project enters the production phase. Upon funding of the operating budget and SRC’s acquisition of a 15% interest in the IMMI Project, SRC and IMMI would enter into a joint venture agreement. Effective February 29, 2012, SRC entered into a mineral lease agreement (the “Gumaskas Agreement”) with Joseph W. Gumaskas (“Gumaskas”) to lease a patented claim covering approximately 10 acres (the “Claim”) in Mineral County, Nevada. Unless terminated earlier by SRC, the term of the Gumaskas Agreement is ten years and will automatically renew on the same terms and conditions for additional five-year periods. The Gumaskas Agreement requires SRC to pay Gumaskas advance minimum royalty payments of $500 annually. In the event that the Claim becomes a producing claim, SRC will pay Gumaskas a 3% royalty based upon gross revenue less deductions as permitted by the Gumaskas Agreement. SRC may terminate the Gumaskas Agreement at any time by giving 60 days advance written notice to Gumaskas. Effective as of June 23, 2008, the Company appointed Mason Douglas as the President of the Company. Mr. Douglas is also a director of the Company. In connection with the appointment, the Company entered into a consulting services agreement with a Canadian corporation that is controlled by Mr. Douglas (the “Consulting Agreement”). The Consulting Agreement has a term of one year and is then automatically renewable. Either party may terminate the Consulting Agreement upon 90 days’ notice to the other party. According to the terms of the Consulting Agreement, as amended effective March 1, 2012, the Company pays a monthly fee of $10,417 and reimburses related business expenses. The Consulting Agreement permits Mr. Douglas to fulfill his duties for the Company from his office in Canada. Mr. Douglas does not receive a salary from the Company. Effective October 1, 2012, the Company appointed Mr. Douglas to also serve as its Chief Executive Officer. In connection with this appointment, the Consulting Agreement was amended to increase the consulting fee to $155,000 annually, payable in 12 equal monthly installments. By mutual agreement between the Company and Mr. Douglas, effective as of March 1, 2013, the consulting fee was changed to an annual rate of $93,000, payable in 12 equal monthly installments. On April 23, 2013, the Company received a summons from the United States District Court, District of Nevada, naming the Company as a co-defendant in a lawsuit filed by the U.S. Attorney on behalf of the BLM seeking reimbursement for the cost of putting out a fire that occurred on May 8, 2008, and other non-quantified damages. The fire damaged approximately 451 acres of land administered by the BLM near Dayton, Nevada. The lawsuit alleged that the cost of putting out the fire was approximately $510,000. The Company denied any responsibility for the fire and notified its liability insurance carrier, which retained counsel to defend the Company. In July 2014, the Company, along with the other parties to the lawsuit, agreed to settle all relevant claims for $220,000, which is well below the limits of coverage provided by the Company’s liability insurance policy. The Company has accrued $5,000 for these claims, which is equal to the Company’s deductible on the relevant liability insurance policy. On May 16, 2014, SRC completed the purchase of three patented claims covering approximately 59 acres (the “Property”) situated in Mineral County, Nevada, from Ralph L. Buhrman and Jacqueline Buhrman (together, the “Buhrmans”). The Property was acquired for a total of $90,000 pursuant to an Exploration License with Option to Purchase (the “Buhrman Agreement”) dated as of May 15, 2012. Mineral production from the Property is subject to a 2% royalty payable to the Buhrmans based upon gross revenues less deductions as defined by the Buhrman Agreement. SRC has the exclusive right and option to purchase such royalty at any time for the sum of $1,000,000 less any payments previously made by SRC to the Buhrmans pursuant to such royalty. Maintaining Claims in Good Standing The Company is required to pay to the BLM on or before September 1 st The Company is also required to pay on or before November 1 st The Company also holds certain patented claims and leases other patented claims in Nevada. A patented claim is fee simple title to the property. Patented claims are subject to taxes assessed by the local community based on assessment rates set annually.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2015
Related Party Transactions [Text Block]	14. Related Party Transactions There are no amounts owed to or from related parties as of September 30, 2015, except as discussed in Note 8, Notes Payable. As of June 30, 2015, the Company was owed $967 by a member of the Company’s Board of Directors for expenses advanced on behalf of the director. There are no other amounts owed to or from related parties as of June 30, 2015, except as discussed in Note 8, Notes Payable. The following transactions were undertaken in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the Company and the related parties. Three-months ended September 30, 2015 A corporation owned and operated by Mason Douglas, the Company’s President and Chief Executive Officer and also a member of the Company’s Board of Directors, received $23,250 for his services for the three-months ended September 30, 2015. The Company recorded interest expense of $3,454 for the three-months ended September 30, 2015, pursuant to promissory notes issued to a corporation that is owned and controlled by a member of the Company’s Board of Directors, Todd Montgomery. Also see Note 8 Notes Payable. Key management personnel are those persons that have the authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly. Key management personnel of the Company include executive officers, other senior members of the management team, and the Board of Directors. The compensation paid or payable to key management personnel, or to companies in common with key management personnel, for services provided as detailed above for the three-months ended September 30, 2015 was: Compensation (fees) $ 23,250 Interest expense $ 3,454 Three-months ended September 30, 2014 A corporation owned and operated by Mason Douglas, the Company’s President and Chief Executive Officer and also a member of the Company’s Board of Directors, received $23,250 for his services for the three-months ended September 30, 2014. The Company recorded interest expense of $1,172 for the three-months ended September 30, 2014, pursuant to promissory notes issued to a corporation that is owned and controlled by a member of the Company’s Board of Directors, Todd Montgomery. Also see Note 8 Notes Payable. Key management personnel are those persons that have the authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly. Key management personnel of the Company include executive officers, other senior members of the management team, and the Board of Directors. The compensation paid or payable to key management personnel, or to companies in common with key management personnel, for services provided as detailed above for the three-months ended September 30, 2014 was: Compensation (fees) $ 23,250 Interest expense $ 1,172

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2015
Subsequent Events [Text Block]	15. Subsequent Event The Company had received 350,000 shares of IMMC’s common stock on September 9, 2015, pursuant to the option agreement between SRC and IMMI, IMMC’s wholly owned subsidiary, as further described in Note 13, Commitments and Contingencies. On October 14, 2015, the Company received the final cash payment of $100,000.

Fair Value of Financial Instr22

Fair Value of Financial Instruments (Tables)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]	Quoted prices in active Significant markets for observable Unobservable Carrying identical assets inputs inputs Balance sheet Amount (Level 1) (Level 2) (Level 3) classification and nature $ $ $ $ Assets Cash and cash equivalents 8,817 8,817 Investments 67,694 67,694 Restricted Cash 52,000 52,000	Quoted prices in active Significant markets for observable Unobservable Carrying identical assets inputs inputs Balance sheet Amount (Level 1) (Level 2) (Level 3) classification and nature $ $ $ $ Assets Cash and cash equivalents 5,666 5,666 Investments 57,128 57,128 Restricted Cash 52,000 52,000

Plant and Equipment, Net (Table

Plant and Equipment, Net (Tables)	3 Months Ended
	Sep. 30, 2015
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]	Computer equipment 30% declining balance method Office furniture and fixtures 20% declining balance method Plant and Machinery 15% declining balance method Tools 25% declining balance method Vehicles 20% declining balance method Consumables 50% declining balance method Molds 30% declining balance method Mobile Equipment 20% declining balance method Factory Buildings 5% declining balance method
Schedule of Property, Plant and Equipment [Table Text Block]	September 30, 2015 June 30, 2015 Accumulated Accumulated Cost Depreciation Cost Depreciation $ $ $ $ Computer equipment 25,729 20,462 25,729 20,031 Office, furniture and fixtures 3,623 3,007 3,623 2,977 Plant and Machinery 1,514,511 1,166,874 1,514,511 1,153,332 Tools 11,498 9,515 11,498 9,382 Vehicles 48,280 40,742 48,280 40,343 Consumables 64,197 64,069 64,197 64,049 Molds 900 864 900 861 Mobile Equipment 73,927 64,049 73,927 63,525 Factory Buildings 74,849 27,862 74,849 27,265 1,817,514 1,397,444 1,817,514 1,381,765 Net carrying amount 420,070 435,749 Depreciation charges 15,679 74,421

Deferred Revenue, Marketable 24

Deferred Revenue, Marketable Securities, Other Income and Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 30, 2015
Deferred Revenue, Marketable Securities and Accumulated Other Comprehensive Loss, Disclosure [Table Text Block]	Accumulated Other Deferred Comprehensive Revenue Investments Loss Balance as of July 1, 2014 $ 346,836 $ 44,325 $ - Consideration received during the year ended June 30, 2015 82,803 12,803 Balance as of June 30, 2015 $ 429,639 $ 57,128 $ - Consideration received during the period ending September 30, 2015 10,566 10,566 Balance as of September 30, 2015 $ 440,205 $ 67,694 $ -

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Sep. 30, 2015
Schedule of Asset Retirement Obligations [Table Text Block]	Balance as of June 30, 2014 $ 19,636 Accretion for the year ended June 30, 2015 1,964 Balance as of June 30, 2015 and September 30, 2015 $ 21,600

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Outstanding at June 30, 2015 (audited) 8,625,000 Granted - Expired - Exercised - Forfeited - Cancelled - Outstanding at September 30, 2015 8,625,000 Exercisable at September 30, 2015 8,625,000

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Schedule of Related Party Transactions [Table Text Block]	Compensation (fees) $ 23,250 Interest expense $ 1,172	Compensation (fees) $ 23,250 Interest expense $ 3,454

Nature of Business and Operat28

Nature of Business and Operations (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015a
Nature Of Business And Operations 1	2
Nature Of Business And Operations 2	68
Nature Of Business And Operations 3	1,405
Nature Of Business And Operations 4	50.00%
Nature Of Business And Operations 5	680
Nature Of Business And Operations 6	25.00%
Nature Of Business And Operations 7	160
Nature Of Business And Operations 8	272
Nature Of Business And Operations 9	5,599
Nature Of Business And Operations 10	17
Nature Of Business And Operations 11	3
Nature Of Business And Operations 12	365
Nature Of Business And Operations 13	30

Going Concern (Narrative) (Deta

Going Concern (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Going Concern 1	$ 25,137,696
Going Concern 2	12,718,365
Going Concern 3	2,215,399
Going Concern 4	465,343
Going Concern 5	140,000
Going Concern 6	150,000
Going Concern 7	261,000
Going Concern 8	$ 183,300

Reclamation Deposit (Narrative)

Reclamation Deposit (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Reclamation Deposit 1	$ 240,805
Reclamation Deposit 2	219,205
Reclamation Deposit 3	$ 21,600

Plant and Equipment, Net (Narra

Plant and Equipment, Net (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Plant And Equipment, Net 1	$ 15,679
Plant And Equipment, Net 2	$ 74,421

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Notes Payable 1	$ 70,000
Notes Payable 2	4.00%
Notes Payable 3	4.00%
Notes Payable 4	10.00%
Notes Payable 5	$ 2,784
Notes Payable 6	706
Notes Payable 7	$ 100,000
Notes Payable 8	4.00%
Notes Payable 9	4.00%
Notes Payable 10	10.00%
Notes Payable 11	$ 3,473
Notes Payable 12	$ 1,008
Notes Payable 13	4.00%
Notes Payable 14	10.00%
Notes Payable 15	$ 91,000
Notes Payable 16	611
Notes Payable 17	183,300
Notes Payable 18	$ 1,740

Deferred Revenue, Marketable 33

Deferred Revenue, Marketable Securities, Other Income and Accumulated Other Comprehensive Loss (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)mishares
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 1	85.00%
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 2	$ 350,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 3 | shares	1,925,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 4	18
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 5 | mi	6
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 6	$ 429,639
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 7 | shares	1,575,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 8	$ 179,639
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 9	250,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 10	$ 440,205
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 11 | shares	1,925,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 12	$ 190,205
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 13	250,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 14	100,000
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 15	122,511
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss 16	$ 17,468

Asset Retirement Obligation (Na

Asset Retirement Obligation (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Asset Retirement Obligation 1	10.00%
Asset Retirement Obligation 2	$ 19,636
Asset Retirement Obligation 3	$ 9,572

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015yr
Stock Based Compensation 1	10
Stock Based Compensation 2	5,000,000
Stock Based Compensation 3	10
Stock Based Compensation 4	10.00%

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)ayrdmomishares
Commitments And Contingencies 1	1,850,000
Commitments And Contingencies 2	8
Commitments And Contingencies 3	12
Commitments And Contingencies 4	8
Commitments And Contingencies 5	2.00%
Commitments And Contingencies 6 | a	35
Commitments And Contingencies 7 | yr	10
Commitments And Contingencies 8	$ 1,000
Commitments And Contingencies 9	3.00%
Commitments And Contingencies 10 | d	45
Commitments And Contingencies 11 | d	60
Commitments And Contingencies 12	50.00%
Commitments And Contingencies 13	$ 10
Commitments And Contingencies 14 | a	340
Commitments And Contingencies 15	$ 3,400
Commitments And Contingencies 16	$ 0.25
Commitments And Contingencies 17	25.00%
Commitments And Contingencies 18 | a	160
Commitments And Contingencies 19	$ 400
Commitments And Contingencies 20	$ 0.125
Commitments And Contingencies 21	85.00%
Commitments And Contingencies 22	$ 350,000
Commitments And Contingencies 23 | shares	1,925,000
Commitments And Contingencies 24	18
Commitments And Contingencies 25 | mi	6
Commitments And Contingencies 26	15.00%
Commitments And Contingencies 27	15.00%
Commitments And Contingencies 28	15.00%
Commitments And Contingencies 29	2.00%
Commitments And Contingencies 30	15.00%
Commitments And Contingencies 31 | a	10
Commitments And Contingencies 32	$ 500
Commitments And Contingencies 33	3.00%
Commitments And Contingencies 34 | d	60
Commitments And Contingencies 35 | d	90
Commitments And Contingencies 36	$ 10,417
Commitments And Contingencies 37	$ 155,000
Commitments And Contingencies 38 | mo	12
Commitments And Contingencies 39	$ 93,000
Commitments And Contingencies 40 | mo	12
Commitments And Contingencies 41 | a	451
Commitments And Contingencies 42	$ 510,000
Commitments And Contingencies 43	220,000
Commitments And Contingencies 44	$ 5,000
Commitments And Contingencies 45 | a	59
Commitments And Contingencies 46	$ 90,000
Commitments And Contingencies 47	2.00%
Commitments And Contingencies 48	$ 1,000,000
Commitments And Contingencies 49	155
Commitments And Contingencies 50	$ 50,840
Commitments And Contingencies 51	328
Commitments And Contingencies 52	18
Commitments And Contingencies 53	$ 3,476
Commitments And Contingencies 54	18

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Related Party Transactions 1	$ 967
Related Party Transactions 2	23,250
Related Party Transactions 3	3,454
Related Party Transactions 4	23,250
Related Party Transactions 5	$ 1,172

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015USD ($)shares
Subsequent Events 1 | shares	350,000
Subsequent Events 2	$ 100,000

Schedule of Fair Value, by Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	$ 8,817
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	8,817
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3	67,694
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4	67,694
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 5	52,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 6	$ 52,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1		$ 5,666
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2		5,666
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3		57,128
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4		57,128
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 5		52,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 6		$ 52,000

Schedule of Accumulated and Pro

Schedule of Accumulated and Projected Benefit Obligations (Details)	3 Months Ended
	Sep. 30, 2015
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 1	30.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 2	20.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 3	15.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 4	25.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 5	20.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 6	50.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 7	30.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 8	20.00%
Plant And Equipment, Net Schedule Of Accumulated And Projected Benefit Obligations 9	5.00%

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 1	$ 25,729
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 2	20,462
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 3	25,729
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 4	20,031
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 5	3,623
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 6	3,007
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 7	3,623
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 8	2,977
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 9	1,514,511
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 10	1,166,874
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 11	1,514,511
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 12	1,153,332
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 13	11,498
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 14	9,515
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 15	11,498
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 16	9,382
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 17	48,280
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 18	40,742
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 19	48,280
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 20	40,343
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 21	64,197
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 22	64,069
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 23	64,197
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 24	64,049
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 25	900
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 26	864
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 27	900
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 28	861
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 29	73,927
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 30	64,049
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 31	73,927
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 32	63,525
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 33	74,849
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 34	27,862
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 35	74,849
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 36	27,265
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 37	1,817,514
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 38	1,397,444
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 39	1,817,514
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 40	1,381,765
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 41	420,070
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 42	435,749
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 43	15,679
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 44	$ 74,421

Deferred Revenue, Marketable 42

Deferred Revenue, Marketable Securities and Accumulated Other Comprehensive Loss, Disclosure (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 1	$ 346,836
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 2	44,325
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 3	0
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 4	82,803
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 5	12,803
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 6	429,639
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 7	57,128
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 8	0
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 9	10,566
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 10	10,566
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 11	440,205
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 12	67,694
Deferred Revenue, Marketable Securities, Other Income And Accumulated Other Comprehensive Loss Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 13	$ 0

Schedule of Asset Retirement Ob

Schedule of Asset Retirement Obligations (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 1	$ 19,636
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 2	1,964
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 3	$ 21,600

Schedule of Share-based Compens

Schedule of Share-based Compensation, Stock Options, Activity (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 1	$ 8,625,000
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 2	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 3	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 4	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 5	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 6	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 7	8,625,000
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 8	$ 8,625,000

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Related Party Transactions Schedule Of Related Party Transactions 1		$ 23,250
Related Party Transactions Schedule Of Related Party Transactions 2		$ 3,454
Related Party Transactions Schedule Of Related Party Transactions 1	$ 23,250
Related Party Transactions Schedule Of Related Party Transactions 2	$ 1,172