NAMI (NINK) 10-K 20 Aug 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2020	Aug. 19, 2021	Dec. 31, 2019
Cover [Abstract]
Entity Registrant Name	NAMI CORP
Entity Central Index Key	0001567388
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		1,426,927,346
Entity Public Float			$ 0
Document Annual Report	true
Document Transition Report	false
Entity File Number	333-187007
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	61-1693116
Entity Address Address Line 1	112 North Curry Street
Entity Address City Or Town	Carson City
Entity Address Postal Zip Code	89703-4934
City Area Code	603
Local Phone Number	2242 4913
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Current Assets
Cash and cash equivalents	$ 1,133	$ 22,216
Prepayment	0	100,481
Other receivables and deposits	30,681	20,177
Total Current Assets	31,814	142,874
Concession acquisition costs, net	0	303,726
Property and equipment, net	28,194	23,048
TOTAL ASSETS	60,008	469,648
Current Liabilities
Accounts payable	159,267	40,244
Other payables and accruals	26,078	3,946
Amount due to related parties	3,489,687	3,545,763
Amount due to unrelated party	574,585	0
Total Current Liabilities	4,249,617	3,589,953
TOTAL LIABILITIES	4,249,617	3,589,953
STOCKHOLDERS' DEFICIT
Series A Preferred, MYR 1 par value; 50,000,000 shares authorized; 280,000 shares issued and outstanding	68,408	68,408
Capital stock - Authorized 5,000,000,000 shares of common stock, $0.001 par value, 1,426,927,346 shares issued and outstanding	1,426,927	1,426,927
Additional paid-in capital	385,842	175,610
Accumulated deficit	(6,203,396)	(4,854,366)
Accumulated other comprehensive income	132,610	63,116
Total Stockholders' Deficit	(4,189,609)	(3,120,305)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 60,008	$ 469,648

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Jun. 30, 2019
STOCKHOLDERS' DEFICIT
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	1,426,927,346	1,426,927,346
Common stock, shares outstanding	1,426,927,346	1,426,927,346
Preferred stock, shares outstanding	280,000
Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, shares par value	$ 1	$ 1
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	280,000	280,000
Preferred stock, shares outstanding	280,000	280,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue
Sales	$ 5,003	$ 0
Cost of Goods Sold	92,412	0
Gross Loss	(87,409)	0
Operating Expenses
Depreciation of property and equipment	7,716	9,675
Amortization and impairment of concession acquisition costs	370,058	51,163
General and administrative expenses	419,593	158,300
Management Fees - related party	0	252,489
Professional Fees	263,553	441,798
Total Operating Expenses	1,060,920	913,425
Loss from Operations	(1,148,329)	(913,425)
Other Income (Expense)
Other income	15,392	2,983
Interest expense, related parties	(210,232)	(175,610)
Total Other Expenses	(194,840)	(172,627)
Loss before taxation	(1,343,169)	(1,086,052)
Income taxes	0	0
Net Loss	(1,343,169)	(1,086,052)
Dividend on Series A Preferred Stock	(5,861)	(6,097)
Net loss attributable to common stockholders	(1,349,030)	(1,092,149)
Other Comprehensive Income
Foreign currency translation adjustments	69,494	45,325
Total Comprehensive Loss	$ (1,273,675)	$ (1,040,727)
Basic and Diluted Loss per Common Share	$ 0	$ 0
Basic and Diluted Weighted Average Common Shares Outstanding	1,426,927,346	1,419,035,350

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholder's Deficit - USD ($)	Total	Preferred Shares	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (loss)
Balance, shares at Jun. 30, 2018			720,802,346
Balance, amount at Jun. 30, 2018	$ (1,891,106)	$ 0	$ 720,802	$ 0	$ (2,629,699)	$ 17,791
Recapitalization, shares			706,125,000
Recapitalization, amount	(426,393)	$ 0	$ 706,125	0	(1,132,518)	0
Series A Preferred Stock issued, shares		280,000
Series A Preferred Stock issued, amount	68,408	$ 68,408	0	0	0	0
Preferred dividend	(6,097)	0	0	0	(6,097)	0
Imputed interest	175,610	0	0	175,610	0	0
Foreign currency translation adjustment	45,325	0	0	0	0	45,325
Net loss	(1,086,052)	$ 0	$ 0	0	(1,086,052)	0
Balance, shares at Jun. 30, 2019		280,000	1,426,927,346
Balance, amount at Jun. 30, 2019	(3,120,305)	$ 68,408	$ 1,426,927	175,610	(4,854,366)	63,116
Preferred dividend	(5,861)	0	0	0	(5,861)	0
Imputed interest	210,232	0	0	210,232	0	0
Foreign currency translation adjustment	69,494	0	0	0	0	69,494
Net loss	(1,343,169)	$ 0	$ 0	0	(1,343,169)	0
Balance, shares at Jun. 30, 2020		280,000	1,426,927,346
Balance, amount at Jun. 30, 2020	$ (4,189,609)	$ 68,408	$ 1,426,927	$ 385,842	$ (6,203,396)	$ 132,610

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (1,343,169)	$ (1,086,052)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation of property and equipment	7,716	9,675
Amortization and impairment of concession acquisition costs	370,058	51,163
Imputed interest contributed as additional paid in capital	210,232	175,610
Management fee paid by related party	0	252,489
Expenses paid directly through related party advances	0	546,675
Expenses paid directly through an unrelated party	368,357	0
Change in assets and liabilities
Prepayment	99,478	(76,892)
Other receivable and deposits	(11,311)	5,084
Accounts payable and accrued liabilities	119,023	(108,108)
Net cash used in operating activities	(179,616)	(230,356)
CASH FLOWS FROM INVESTING ACTIVITIES
Concession acquisition costs	(71,373)	(124,113)
Purchase of property and equipment	0	(13,597)
Net cash used in investing activities	(71,373)	(137,710)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Series A preferred stock	0	8,878
Dividend on Series A Preferred Stock	(5,861)	(6,097)
Advances received from related parties	17,617	388,203
Advances received from an unrelated party	218,670	0
Repayments of related party advances	0	(15,044)
Net cash provided by financing activities	230,426	375,940
Effects on changes in foreign exchange rate	(520)	(4,730)
Net change in cash and cash equivalents	(21,083)	3,144
Cash and cash equivalents - beginning of period	22,216	19,072
Cash and cash equivalents - end of period	1,133	22,216
Supplemental Cash Flow Disclosures
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Non-Cash Investing and Financing Activity:
Reclassification of stock payable to additional paid in capital	0	58,630
Assets and liabilities paid directly by related party advance	0	84,921
Common stock issued for acquisition of SBS	$ 0	$ 720,802

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Note 1 - Organization and Summary of Significant Accounting Policies	Note 1 – Organization and Summary of Significant Accounting Policies The Company was incorporated in the State of Nevada as a for-profit Company on September 5, 2012. On July 12, 2018, we completed a reverse acquisition transaction through a share exchange with GMCI, the sole shareholder of SBS Mining Corp. Malaysia Sdn. Bhd (“SBS”), whereby we acquired 100% of the outstanding shares of SBS from GMCI in exchange for the issuance of a total of 720,802,346 shares of our common stock to GMCI, representing 102.08% of our pre-merger issued and outstanding shares of common stock. As a result of the reverse acquisition, SBS became our wholly-owned subsidiary and the former SBS Shareholders, GMCI and subsequently its shareholders, became our controlling stockholders. The share exchange transaction was treated as a recapitalization, with SBS as the acquirer and the Company as the acquired party for accounting purposes. Unless the context suggests otherwise, when we refer in this report to business and financial information for periods prior to the consummation of the reverse acquisition, we are referring to the business and financial information of SBS. On July 19, 2018, the Company was notified that the Board of GMCI deemed it to be in the best interests of GMCI and its stockholders for GMCI to approve and declare a dividend of restrictive shares of Nami to the stockholders of GMCI, on a pro rata basis, determined in accordance with the number of shares of capital stock of GMCI held by such stockholders, thereby transferring ownership of 100% of the outstanding restricted shares of Nami owned directly by GMCI to the stockholders of GMCI (collectively, the “Nami Stock Dividend”). The Nami Stock Dividend was completed on August 21, 2018. SBS Mining Corp. Malaysia Sdn. Bhd., is a Malaysian corporation whose primary business is mining, exploration and trading of certain mineral ores and properties located in Malaysia. During fiscal 2017 the Company commenced revenue generating operations as a result of its mineral trading business. Essentially all of the Company’s property, plant and equipment assets are held in Malaysia. The functional currency of the Company is the Malaysian Ringgit (MYR). Fiscal Year The Company’s fiscal year end is June 30. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP and are presented in U.S. dollars. The amounts shown in these financial statements for periods prior to July 4, 2018 are those of SBS. For the period from July 5, 2018 through June 30, 2020, the amounts shown in these financial statements are the consolidated results of the Company including its wholly owned subsidiary, SBS. Principles of Consolidation The accompanying consolidated financial statements include all of the accounts of the Company and its wholly owned subsidiary SBS Mining Corp. Malaysia Sdn. Bhd. All significant intercompany accounts and transactions have been eliminated. Reclassifications Certain amounts in the prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported net (loss). Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company has one critical estimate regarding projected future results from sea sand mining operations to support the value of the concession acquisition costs. Actual results when ultimately realized could differ from these estimates. Revenue Recognition The Company recognizes revenue from the sale of mined sand from the Sea Sand Mining Project (see Note 10) in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company’s sales are derived from the sale of mined sand to our customers. The Company recognizes revenue at a point in time when it satisfies its obligation by transferring control of the mined sand to the customer. The cost of sales includes dredging cost, rental of land, docket fees and site expenses. During the year ended June 30, 2020, the Company recognized revenue of $5,003 for the mined sand that have been delivered to the customers. The Company incurred cost of sales of $92,412, resulting in gross loss of $87,409. Cash and Cash Equivalents The company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2020, and 2019, cash includes cash on hand and cash in the bank. The Company operates in Malaysia where deposit insurance for deposits is provided up to MYR 250,000 (approximately US$60,000). From time to time the Company’s account balances may exceed that limit. Inventories Inventories are stated at lower of cost or net realizable value, with cost being determined on the weighted average method. No reserves are considered necessary for slow moving or obsolete inventory as inventory on hand at quarter-end was produced near the end of the quarter end. The Company continuously evaluates the adequacy of these reserves and makes adjustments to these reserves as required. The Company started to produce minded sand from the Sea Sand Mining Project in October 2019. During the year ended June 30, 2020, the Company produced 16,280 metric tonnes (“mt”) of mined sand valued at and sold 2,480 mt of mined sand for gross proceeds of $5,003. As of June 30, 2020, the Company did not hold any inventories. Fair Value of Financial Instruments The carrying value of financial instruments including cash and cash equivalents, receivables, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments. Foreign Currencies Functional and presentation currency - Transactions and Balances Plant and Equipment Depreciation Plant and equipment are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on a straight-line basis to write off the cost of plant and equipment over their expected useful lives at the following annual rates: Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 % Leasehold improvements Term of lease Furniture and Fixture 33 % Mineral Properties The Company is engaged in the business of the acquiring, exploring, developing, mining, and producing mineral properties and or resources, with a current emphasis on sea sand mining (see Note 10) and previous emphasis on iron ore, bauxite and tin. Mineral claims and other property acquisition costs are capitalized as incurred. Such costs are carried as an asset of the Company and JHW Holdings Sdn. Bhd. until it becomes apparent through exploration activities that the cost of such properties will not be realized through mining operations. Mineral exploration costs are expensed as incurred, and when it becomes apparent that a mineral property can be economically developed as a result of establishing proven or probable reserve, the exploration costs, along with mine development costs, are capitalized. The costs of acquiring mineral claims, capitalized exploration costs, and mine development costs are recognized for depletion and amortization purposes under the units-of-production method over the estimated life of the probable and proven reserves. If mineral properties, exploration, or mine development activities are subsequently abandoned or impaired, any capitalized costs are charged to operations in the current period. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the year ended June 30, 2020 and 2019, there was impairment of long-lived assets of $182,383 of capitalized concession costs and $nil, respectively. Leases Effective October 1, 2019, the Company adopted the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), and additional ASUs issued to clarify and update the guidance in ASU 2016-02 (collectively, the “new leases standard”), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. The Company adopted the new leases standard utilizing the modified retrospective transition method, under which amounts in prior periods presented were not restated. For contracts existing at the time of adoption, the Company elected to not reassess (i) whether any are or contain leases, (ii) lease classification, and (iii) initial direct costs. Segment Reporting FASB ASC 820 “Segments Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. Our proposed future business segments are expected to span more than one geographical area. Specifically, the Company intends to generate revenue through mineral trading and exploration activities. See Note 14. Income Taxes The asset and liability method is used in the Company’s accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Deferred tax assets and liabilities are determined based on the temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities using the enacted tax rates in effect in the years in which the differences are expected to reverse. In estimating future tax consequences, all expected future events are considered other than enactment of changes in the tax law or rates. The Company adopted ASC 740 ”Income Taxes,” The determination of recording or releasing tax valuation allowance is made, in part, pursuant to an assessment performed by management regarding the likelihood that the Company will generate future taxable income against which benefits of its deferred tax assets may or may not be realized. See Note 13. Loss Per Share The Company follows the provisions of ASC Topic 260, Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock or conversion of notes into shares of the company’s common stock that could increase the number of shares outstanding and lower the earnings per share of the company’s common stock. This calculation is not done for periods in a loss position as this would be antidilutive. As of June 30, 2020 and 2019, there were approximately 43,738 and 45,159 potentially diluted common shares outstanding from 280,000 shares of preferred stock, respectively. Recently issued accounting pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We will adopt the new standard effective July 1, 2021 and do not expect the adoption of this guidance to have a material impact on the Company’s financial statements. In July 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This update addresses several aspects of the accounting for nonemployee share-based payment transactions and expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The main provisions of the update change the way nonemployee awards are measured in the financial statements. Under the simplified standards, nonemployee options will be valued once at the date of grant, as compared to at each reporting period end under ASC 505-50. At adoption, all awards without established measurement dates will be revalued one final time, and a cumulative effect adjustment to retained earnings will be recorded as the difference between the pre-adoption value and new value. Companies will be permitted to make elections to establish the expected term and either recognize forfeitures as they occur or apply a forfeiture rate. Compensation expense recognition using a graded vesting schedule will no longer be permitted. This pending content is the result of the FASB’s Simplification Initiative, to maintain or improve the usefulness of the information provided to the users of financial statements while reducing cost and complexity in financial reporting. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted, but no earlier than an entity’s adoption date of Topic 606. Because the Company does not currently have any outstanding awards to non-employees for which a measurement date has not been established the adoption of ASU 2018-07 does not have a material impact to the Company’s financial statements and related disclosures upon adoption. The adoption of this standard will change the way that the Company accounts for non-employee compensation in the future. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of June 30, 2020, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company. Under the JOBS Act, an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have opted to take advantage of this extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to financial statements of companies that comply with public company effective dates.

Going Concern

Going Concern	12 Months Ended
	Jun. 30, 2020
Going Concern
Note 2 - Going Concern	Note 2 – Going Concern For the year ended June 30, 2020, the Company reported a net loss of $1,343,169. In addition, as of June 30, 2020, the Company had a working capital deficit of approximately $4.2 million with cash on hand of approximately $1,000. The Company believes that its existing capital resources are not adequate to enable it to execute its business plan and as of the date of these financial statements and has no firm commitment for either additional debt or equity financing available to it in order to meet its current commitments. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company estimates that it will require significant additional cash resources during fiscal 2021 and beyond, as JHW received its main permit from the Government of Malaysia to commence sea sand mining in January 2019 (see Note 10). The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans. The Company’s plan is to continue to work with JHW and hired consultants to meet the requirements of the Government of Malaysia and secure export license rights for mined sea sand. Exports rights are critical to the Company’s plans to develop its sea sand mining business. In addition, during this period, the Company with JHW is also working on the requirements to extend or renew its current sea sand mining license past its current expiration date in January 2022. The Company is currently exploring financing options in order to continue its work on these fronts and also to keep operations running during this period. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amount and classification of liabilities that might result from this uncertainty.

Advance Payment on Mineral Trad

Advance Payment on Mineral Trading Related Party	12 Months Ended
	Jun. 30, 2020
Advance Payment on Mineral Trading Related Party
Note 3 - Advance Payment on Mineral Trading - Related Party	Note 3 – Advance Payment on Mineral Trading – Related Party In the year ended June 30, 2016, SBS advanced to Sincere Pacific Mining Sdn. Bhd. approximately $614,000 (MYR 2,774,000) for the purpose of commencing bauxite trading and financing activities. In that same period, the Company impaired all but $186,372 (MYR 800,000). During the year ended June 30, 2018, the Company received two repayments of MYR 500,000 and MYR 300,000 respectively, which reduced the amounts of the advance not impaired during the fiscal year ended June 30, 2016 to nil as of June 30, 2018. Should the Company, in future periods, collect further amounts under the trading program from its original advance, those amounts will be shown as income in the financial statements of the Company.

Plant and Equipment

Plant and Equipment	12 Months Ended
	Jun. 30, 2020
Plant and Equipment
Note 4 - Plant and Equipment	Note 4 – Plant and Equipment June 30, June 30, 2020 2019 Cost Motor Vehicles $ 15,231 $ 15,725 Office equipment 24,944 25,753 Computers and software 13,240 13,671 Tools and equipment 497 513 Furniture and Fixture 36,396 37,579 90,308 93,241 Accumulated Depreciation (62,114 ) (70,193 ) Plant and Equipment, Net $ 28,194 $ 23,048 Depreciation for the years ended June 30, 2020 and 2019 was $7,716 and $9,675, respectively.

Other receivable and deposits

Other receivable and deposits	12 Months Ended
	Jun. 30, 2020
Other receivable and deposits
Note 5 - Other receivable and deposits	Note 5 – Other receivable and deposits June 30, June 30, 2020 2019 Sundry receivables $ 23,558 $ 19,136 Other receivable 6,209 605 Deposits, including utility, security deposits 914 436 $ 30,681 $ 20,177

Related party advances and expe

Related party advances and expenses	12 Months Ended
	Jun. 30, 2020
Related party advances and expenses
Note 6 - Related party advances and expenses	Note 6 – Related party advances and expenses Advances from related parties: June 30, June 30, 2020 2019 Advances from SBS Directors $ 997,706 $ 1,027,953 Advances from related party 1,792,850 1,795,964 Advances from holding company 699,131 721,846 Total $ 3,489,687 $ 3,545,763 During the year ended June 30, 2020 and 2019, the Company received advances from directors of $2,135 and $388,203, respectively and repaid advances from a director of $nil and $15,044, respectively. During the year ended June 30, 2020, the Company received advances from a related party of $15,482. During the year ended June 30, 2019, the Company received advances from related parties of $799,164. The Company has imputed interest at the rate of approximately 6.5% on the advances made to the Company in the amount of $210,232 and $175,610 during the year ended June 30, 2020 and 2019, respectively. On July 4, 2018, related party liabilities were acquired (see Note 12). Concentration of Risk To date the Company has been reliant on funding from related parties as the Company does not have the current existing capital resources to execute its business plan.

Due from unrelated parties

Due from unrelated parties	12 Months Ended
	Jun. 30, 2020
Due from unrelated parties
Note 7 - Due from unrelated parties	Note 7 – Due from unrelated parties During the year ended June 30, 2020, the Company received advances from an unrelated party of $218,670 and received payment of expenses incurred totaling $368,357. These amounts are unsecured, non-interest bearing and due on demand.

Leases

Leases	12 Months Ended
	Jun. 30, 2020
Leases
Note 8 - Leases	Note 8 – Leases On August 1, 2019, the Company executed a lease for office space for a three-year term expiring July 31, 2022. The base lease amount is $1,453 (MYR 6,200) per month. During the year ended June 30, 2020, the lease was terminated and the Company recognized expense of $5,163 in general and administrative expenses associated with forfeited deposits associated with the lease and did not incur any further gains or losses associated with the derecognition of the operating lease right-of-use asset and associated lease liability.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2020
Commitments and Contingencies
Note 9 - Commitments and Contingencies	Note 9 – Commitments and Contingencies Other Matters On July 1, 2019, the Company entered into a corporate services agreement (the “Corporate Services Agreement”) with Nami Development Capital Sdn. Bhd. (“NDC”). Pursuant to the terms of the Corporate Services Agreement, NDC will provide general corporate and administrative services, including, but not limited to, accounting and payroll services and human resources support, to the Company and SBS. The Company and SBS will each pay a monthly retainer and reimburse the out-of-pocket expenses reasonably incurred by NDC in connection with the provision of these services as compensation to NDC. Additionally, the Company and SBS will each reimburse NDC for any service taxes, as well as any other taxes, incurred in connection with NDC’s carrying out this Corporate Services Agreement. Either party may terminate the Corporate Services Agreement upon 90 days’ written notice, provided that the non-terminating party reserves the right to negotiate for a longer period in order to effect an orderly transition. At June 30, 2020, the acquisition is not currently probable and is subject to further negotiations in the future. Prior to Q2 2019, the Company and NDC were determined to be related parties by virtue of their relationships with Mr. Lew Sze How and Mr. MW Jason Chan. Messrs. Lew and Chan were directors and shareholders of NDC while serving as officers of the Company. However, on May 30, 2019, Messrs. Lew and Chan resigned as directors of NDC; and on June 14, 2019, they ceased to be shareholders of NDC. Messrs. Lew and Chan remain officers of the Company. Accordingly, the Company and NDC are no longer related parties. From time to time the Company may be subject to proceedings, lawsuits, and other claims related to government agencies, operations, shareholders and contracts. The Company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after analysis of each matter. The required accrual, if any, may change in the future due to new developments in each matter or changes in settlement strategies. The Company does not believe that there are presently any such matters that will have a material adverse effect on its financial condition or results of operations. Potential Acquisition On January 17, 2019, Nami entered into a Letter of Intent with Pembinaan Kaya Hebat Sdn Bhd, a Malaysian corporation engaged in granite mining business (“PKH”) for the acquisition by NAMI of up to one hundred percent (100%) of the issued and outstanding capital stock of PKH with consideration at a purchase price at fair market value (the “Acquisition”). The completion of the Acquisition is subject to various conditions precedent, including but not limited to negotiating and execution a form of purchase agreement that is acceptable to both parties, approval of the financial statements of both parties, and fair market valuation of PKH which is not probable as of the date of these financial statements. In the event that Nami is able to complete the Acquisition, it intends to operate PKH as its wholly owned subsidiary or a majority-owned subsidiary.

Share Capital

Share Capital	12 Months Ended
	Jun. 30, 2020
Share Capital
Note 10 - Share Capital	Note 10 – Share Capital Common Stock The Company’s capitalization is 5,000,000,000 common shares with a par value of $0.001 per share. As of June 30, 2020, the Company has not granted any stock options and has not recorded any stock-based compensation. On July 4, 2018, the Company entered into a Share Exchange Agreement with GMCI, as the shareholder (the “SBS Shareholders”) of SBS Mining Corp. Malaysia Sdn. Bhd., a Malaysian corporation (“SBS”), pursuant to which the Company acquired 100% of the issued and outstanding shares of SBS from GMCI in exchange for the issuance of 720,802,346 shares of the Company to GMCI. As a result of Exchange, SBS became wholly owned subsidiary of NAMI and GMCI became majority shareholder of NAMI owning 50.51% of capital stock of the Company. On July 19, 2018, the Company was notified that GMCI approved and declared a dividend of shares of Nami to the stockholders of GMCI, on a pro rata basis, determined in accordance with the number of shares of capital stock of GMCI held by such stockholders, thereby transferring ownership of 100% of the outstanding shares of Nami held by GMCI to the stockholders of the GMCI (collectively, the “Nami Stock Dividend”). The Nami Stock Dividend was completed on August 21, 2018. As at June 30, 2020 and 2019, the Company had 1,426,927,346 common shares issued and outstanding. Preferred Shares - SBS In August 2018, SBS designated a new class of preferred equity, designated the 12% redeemable cumulative preference shares, in its attempt to raise capital for business expansion and exploration and mining activities. SBS authorized the issuance of up to 50 million shares at the issue price of MYR 1.0 per share. The new preferred equity carries a cumulative 12% preferred dividend, payable on a quarterly basis, based on the issue price of the preferred security. The preferred dividend will have priority to any payment of dividends on the common equity. The preferred shares automatically convert to NAMI Corp common shares two years after issuance if not converted earlier at the rate of USD $1.50 on then value translated into USD of each 12% redeemable cumulative preference share (see Note 17). In the event of the liquidation or winding up of SBS, the preferred shares are entitled to distributions prior to any amounts distributed to the common equity holders. The holders of the preferred shares, so long as the cumulative preferred dividend is timely paid each quarter, have no general voting rights, but have rights to vote on any matters that effect the provisions of the preference shares. In the event that SBS fails to timely make its quarterly dividend payment, the holders of the preferred equity receive the right to vote on any and all general corporate matters on a 1 for 1 basis with the number of preferred shares held. As at June 30, 2020, dividends in arrears totaled $3,280 (MYR 14,000). In August 2018, the Company received approximately $59,530 (MYR 240,000) in the first subscription of its 12% redeemable cumulative preference shares (see below). In August 2018, the Company received approximately $8,878 (MYR 40,000) in a second subscription of its 12% redeemable cumulative preference shares (see below). The preferred share subscription offering was closed on February 28, 2019. During the year ended June 30, 2020 and 2019, preferred dividends of $5,861 and $6,097, respectively, was distributed to the holders of the preferred shares. Instruments Convertible into Common or Preferred Shares As at June 30, 2020, the SBS had 280,000 shares of preferred stock outstanding which are convertible into 43,738 common shares.

Sea Sand Mining Project

Sea Sand Mining Project	12 Months Ended
	Jun. 30, 2020
Sea Sand Mining Project
Note 11 - Sea Sand Mining Project	Note 11 – Sea Sand Mining Project On August 30, 2017, SBS entered into an irrevocable right of use (“IRU”) agreement with JHW Holdings Sdn. Bhd. (“JHW”), whereby SBS was given exclusive rights to operate mining and extraction activities on the designated area (1,113 square kilometers outside the waters of the state of Terengganu, Malaysia, subject to certain terms and conditions therein) and manage all matters relating to the operations. The Company currently estimates that the acreage available under the IRU will provide approximately 5 years of sustained mining operations. As part of the IRU, the Company is responsible for all permitting costs (both for mining operation and for the right to sell the mined sand internationally) at both the state and federal levels of all applicable ministries and departments in Malaysia. As compensation for the IRU, the Company is obligated to remit to JHW on a quarterly basis, 25% of the profits from the mining activities, as defined within the agreement. The Company submitted the required environmental and engineering assessments as part of the permitting process for approximately 383 square kilometres, and in January 2019, JHW was issued by the government of Malaysia the first set of permits necessary to commence sea sand mining operations. The final approved area was 20.48km² within the jurisdiction of the state of Terengganu, Malaysia (the “Area”). The Company is required to prepay MYR 500,000 of future royalty amounts due under the agreement with JHW, of which SBS funded MYR 250,000 (approximately $60,000) as of June 30, 2020. On June 30, 2020 the Company determined that the recoverable amount of this prepayment was nil and recorded an expense of $59,478 in cost of goods sold associated with the write-down. As of June 30, 2020, SBS has capitalized $343,629 (MYR 1,466,541) of concession acquisition costs associated with the permit applications for the project. During the year ended June 30, 2020, amortization of $116,302 (MYR 488,847) was recorded. SBS is amortizing the costs over the three-year life of the mining permit issued. On June 30, 2020, the Company determined that the recoverable amount of the concession acquisition costs was nil and recorded an impairment loss of $182,383 associated with the write-down.

River Sand Mining Project

River Sand Mining Project	12 Months Ended
	Jun. 30, 2020
River Sand Mining Project
Note 12 - River Sand Mining Project	Note 12 – River Sand Mining Project On September 6, 2019, SBS Mining Corp. Malaysia Sdn. Bhd.a entered into a mining agreement with Wan Ismail bin Wan Ahmad (the “Donor”) pursuant to which the Donor granted to SBS the sole and exclusive rights to mine for river sand and other materials from a 1.9040 hectare (4.7 acre) plot of land located at Kampung Tiram, district of Kuala Kuantan, Kuantan, Malaysia (the “Concession”) for which the Donor had received a lease license from the State Government of Pahang. SBS shall pay the Donor a fixed monthly rate for the sole and exclusive rights to mine the Concession. During the year ended June 30, 2020, the Company paid MYR 300,000 ($71,373 USD) of concession acquisition costs for the rights to the site. During the year ended June 30, 2020, the Company recorded amortization of the concession costs of $71,373 MYR 300,000). The contract expired on December 31, 2019.

Nami Corp. Acquisition of SBS

Nami Corp. Acquisition of SBS	12 Months Ended
	Jun. 30, 2020
Nami Corp. Acquisition of SBS
Note 13 - Nami Corp. Acquisition of SBS	Note 13 – Nami Corp. Acquisition of SBS On July 4, 2018, Nami Corp. entered into a Share Exchange Agreement with SBS, and GMCI Corp, the shareholder of SBS, pursuant to which on closing date of July 12, 2018 we acquired all of the outstanding shares of SBS Shares from GMCI in exchange for an issuance of 720,802,346 shares of our common stock. We closed the Share Exchange transaction on July 12, 2018. The asset and liabilities of Nami Corp. at the date of acquisition were as follows: ASSETS Current Assets Prepaid expenses and deposits $ 5,553 Total Current Assets 5,553 TOTAL ASSETS $ 5,553 LIABILITIES Current Liabilities Accounts payable and accrued liabilities $ 85,165 Due to related parties 346,781 Total Current Liabilities 431,946

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2020
Income Taxes
Note 14 - Income Taxes	Note 14 – Income Taxes The Company uses the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. Since their inceptions, the Company and its wholly owned subsidiary incurred net losses and, therefore, have no tax liability, as the Company has recorded a valuation allowance fully covering all net deferred tax assets for itself and SBS for all periods presented. The cumulative net operating loss carry-forward in the US is approximately $1.6 million and approximately $2.0 million in Malaysia at June 30, 2020 and 2019 respectively and will begin to expire in the year 2033 in the US and 2034 in Malaysia. Net deferred tax assets were made up of the following items as of June 30: 2020 2019 Deferred tax assets: Impairment of related party receivables $ 100,000 $ 90,300 Depreciation of Property, Plant and Equipment - 5,700 Other - 22,200 Net operating loss carryforwards 810,200 610,000 Total long-term deferred tax asset 910,200 728,200 Deferred tax liabilities: Related party liabilities (28,100 ) (25,300 ) Concession acquisition costs - (63,800 ) Total deferred tax liabilities (28,100 ) (89,100 ) Valuation Allowance (882,100 ) (639,100 ) Total Net Deferred Tax Assets $ - $ - The difference from the reported income tax benefit to that expected from the loss from operations computed using the United States statutory federal income tax rate of 21% compared to the Malay statutory federal income tax rate of 24% in Fiscal 2020 and 21% Fiscal 2019 is as follows for June 30: 2020 2019 Expected income tax benefit $ (282,100 ) $ (228,100 ) Permanent timing difference 75,300 7,900 Other (19,400 ) (17,100 ) Difference in tax rates between US and Malaysia (16,800 ) (7,800 ) Valuation allowance (243,000 ) (245,100 ) Reported income tax expense (benefit) $ - $ -

Geographic Segment Reporting

Geographic Segment Reporting	12 Months Ended
	Jun. 30, 2020
Geographic Segment Reporting
Note 15 - Geographic Segment Reporting	Note 15 – Geographic Segment Reporting The following table shows operating activities information by geographic segment for the year ended June 30, 2020 and 2019: Year Ended June 30, 2020 USA Malaysia Total Revenue $ - $ 5,003 $ 5,003 Cost of Goods Sold - (92,412 ) (92,412 ) Depreciation of property and equipment - (7,716 ) (7,716 ) Amortization and impairment of concession acquisition costs - (370,058 ) (370,058 ) General and administrative expenses (243,850 ) (175,743 ) (419,593 ) Professional fees (260,317 ) (3,236 ) (263,553 ) Other income (expenses) (60,511 ) (134,329 ) (194,840 ) Net loss $ (564,678 ) $ (778,491 ) $ (1,343,169 ) Year Ended June 30, 2019 USA Malaysia Total Revenue $ - $ - $ - Depreciation of property and equipment - (9,675 ) (9,675 ) Amortization of concession acquisition costs (51,163 ) (51,163 ) General and administrative expenses (108,086 ) (50,214 ) (158,300 ) Management fees (252,489 ) - (252,489 ) Professional fees (429,153 ) (12,645 ) (441,798 ) Other income (expenses) (36,242) (136,385 ) (172,627 ) Net loss $ (825,970 ) $ (260,082 ) $ (1,086,052 ) The following table shows assets information by geographic segment at June 30, 2020 and 2019: As of June 30, 2020 USA Malaysia Total Current assets $ - $ 31,814 $ 31,814 Property and equipment, net - 28,194 28,194 Total assets $ - $ 60,008 $ 60,008 As of June 30, 2019 USA Malaysia Total Current assets $ 40,000 $ 102,874 $ 142,874 Concession acquisition costs - 303,726 303,726 Property and equipment, net - 23,048 23,048 Total assets $ 40,000 $ 429,648 $ 469,648

Risks And Uncertainties

Risks And Uncertainties	12 Months Ended
	Jun. 30, 2020
Going Concern
Note 16 - Risks And Uncertainties	Note 16 – Risks And Uncertainties In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no retroactive material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future. The Company is not 10 may

Subsequent events

Subsequent events	12 Months Ended
	Jun. 30, 2020
Subsequent events
Note 17 - Subsequent events	Note 17 – Subsequent Events In August 2020, the two-year term of the 12% redeemable cumulative preferred shares had lapsed and the Company did not convert such shares into NAMI Corp common shares as described in Note 10. The Company’s failure to redeem these preferred shares represents a potential default in the agreements held with said shareholders, permitting them to take action to affect the completion of such redemption as far as practicable having regards to such potential defaults or to revoke the subscription and claim all costs and expenses incurred in termination of such subscription including the redemption price. As of the date of this report, no action had been taken against the Company with respect to such potential default. On July 1, 2020, SBS sent a letter to the holders of the 12% redeemable cumulative preferred shares, to inform them that the Company had been forced to close its operations and offices to comply with the Malaysian government’s Movement Control Order, Conditional Movement Control Order and Recovery Movement Control Order, all in effect between the months of March and August of 2020. In the letter, the Company proposed a new dividend payment schedule and redemption date. Later, on February 3, 2021, SBS sent a new letter to the holders of the 12% redeemable cumulative preferred shares, further delaying the proposed new dividend payment schedule and redemption date due to the continuation of the Movement Control Order. In December 2020, the Company accepted an offer from Royal Resources PTE Ltd. (“Royal Resources”) related to a Sea Sand Dredging Project located at Kawasan Luar Perairan Negeri Terengganu. Upon issuing the acceptance letter, Royal Resources paid the Company an advance (the “Advances”) of approximately $49,236 (MYR 207,000). The Advance is refundable to Royal Resources if the Company is unable to obtain an export license, sea sand does not meet quality requirements, or a disagreement arising from royalty fees and dredging environment issue. Upon signing an agreement with Royal Resources, the Company will receive an additional approximate $421,763 (MYR 1,800,000) from Royal Resources. In April 2021, the Company received an advance from an unrelated party totaling approximately $10,907 (MYR 45,000), which was subsequently repaid in May 2021. In April 2021, the Company received approximately $24,238 (MYR 100,000) from each of two (2) investors related to the Company’s Sea Sand Mining project, and entered into formal agreements with each investor in August 2021. In exchange for consideration, each investor will be entitled to a royalty payment of approximately $0.02 (MYR 0.10) per every metric cubic meter of sea sand dredged, removed, transported, exported and sold from the project’s specified area. Payments are due to each investor on a quarterly basis, payable fourteen (14) days after the last day of each month in a quarterly calendar. Payments will not be paid in November and December during the monsoon season. If the Sea Sand Mining project fails to be implemented fully or partially due to uncontrollable factors, the Company must issue shares to the investee an amount equal to the investment amount or the balance at the prevailing market price on the date of issue. In May 2021, the Company received an advance of approximately $484,760 (MYR 2,000,000) from an investor, upon the signing of a formal agreement related to the Company’s Sea Sand Mining project. In exchange for consideration, each investor will be entitled to a royalty payment of approximately $0.48 (MYR 2.00) per every metric cubic meter of sea sand dredged, removed, transported, exported and sold from the project’s specified area. Payments are due to each investor on a quarterly basis, payable fourteen (14) days after the last day of each month in a quarterly calendar. If the Sea Sand Mining project fails to be implemented fully or partially due to uncontrollable factors, the Company must refund the investment amount. As security for the investment and royalty, the Company’s directors have entered into a personal guarantee arrangement with the investors in the amount of approximately $1,211,900 (MYR 5,000,000), which terminates upon cumulative payments of this amount to the investor.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Fiscal Year	The Company’s fiscal year end is June 30.
Basis of Presentation	The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP and are presented in U.S. dollars. The amounts shown in these financial statements for periods prior to July 4, 2018 are those of SBS. For the period from July 5, 2018 through June 30, 2020, the amounts shown in these financial statements are the consolidated results of the Company including its wholly owned subsidiary, SBS.
Principles of Consolidation	The accompanying consolidated financial statements include all of the accounts of the Company and its wholly owned subsidiary SBS Mining Corp. Malaysia Sdn. Bhd. All significant intercompany accounts and transactions have been eliminated.
Reclassifications	Certain amounts in the prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported net (loss).
Use of Estimates and Assumptions	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company has one critical estimate regarding projected future results from sea sand mining operations to support the value of the concession acquisition costs. Actual results when ultimately realized could differ from these estimates.
Revenue Recognition	The Company recognizes revenue from the sale of mined sand from the Sea Sand Mining Project (see Note 10) in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company’s sales are derived from the sale of mined sand to our customers. The Company recognizes revenue at a point in time when it satisfies its obligation by transferring control of the mined sand to the customer. The cost of sales includes dredging cost, rental of land, docket fees and site expenses. During the year ended June 30, 2020, the Company recognized revenue of $5,003 for the mined sand that have been delivered to the customers. The Company incurred cost of sales of $92,412, resulting in gross loss of $87,409.
Cash and Cash Equivalents	The company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At June 30, 2020, and 2019, cash includes cash on hand and cash in the bank. The Company operates in Malaysia where deposit insurance for deposits is provided up to MYR 250,000 (approximately US$60,000). From time to time the Company’s account balances may exceed that limit.
Inventories	Inventories are stated at lower of cost or net realizable value, with cost being determined on the weighted average method. No reserves are considered necessary for slow moving or obsolete inventory as inventory on hand at quarter-end was produced near the end of the quarter end. The Company continuously evaluates the adequacy of these reserves and makes adjustments to these reserves as required. The Company started to produce minded sand from the Sea Sand Mining Project in October 2019. During the year ended June 30, 2020, the Company produced 16,280 metric tonnes (“mt”) of mined sand valued at and sold 2,480 mt of mined sand for gross proceeds of $5,003. As of June 30, 2020, the Company did not hold any inventories.
Fair Value of Financial Instruments	The carrying value of financial instruments including cash and cash equivalents, receivables, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments.
Foreign Currencies	Functional and presentation currency - Transactions and Balances
Plant and Equipment Depreciation	Plant and equipment are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on a straight-line basis to write off the cost of plant and equipment over their expected useful lives at the following annual rates: Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 % Leasehold improvements Term of lease Furniture and Fixture 33 %
Mineral Properties	The Company is engaged in the business of the acquiring, exploring, developing, mining, and producing mineral properties and or resources, with a current emphasis on sea sand mining (see Note 10) and previous emphasis on iron ore, bauxite and tin. Mineral claims and other property acquisition costs are capitalized as incurred. Such costs are carried as an asset of the Company and JHW Holdings Sdn. Bhd. until it becomes apparent through exploration activities that the cost of such properties will not be realized through mining operations. Mineral exploration costs are expensed as incurred, and when it becomes apparent that a mineral property can be economically developed as a result of establishing proven or probable reserve, the exploration costs, along with mine development costs, are capitalized. The costs of acquiring mineral claims, capitalized exploration costs, and mine development costs are recognized for depletion and amortization purposes under the units-of-production method over the estimated life of the probable and proven reserves. If mineral properties, exploration, or mine development activities are subsequently abandoned or impaired, any capitalized costs are charged to operations in the current period.
Impairment of Long-Lived Assets	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the year ended June 30, 2020 and 2019, there was impairment of long-lived assets of $182,383 of capitalized concession costs and $nil, respectively.
Leases	Effective October 1, 2019, the Company adopted the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), and additional ASUs issued to clarify and update the guidance in ASU 2016-02 (collectively, the “new leases standard”), which modifies lease accounting for lessees to increase transparency and comparability by recording lease assets and liabilities for operating leases and disclosing key information about leasing arrangements. The Company adopted the new leases standard utilizing the modified retrospective transition method, under which amounts in prior periods presented were not restated. For contracts existing at the time of adoption, the Company elected to not reassess (i) whether any are or contain leases, (ii) lease classification, and (iii) initial direct costs.
Segment Reporting	FASB ASC 820 “Segments Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. Our proposed future business segments are expected to span more than one geographical area. Specifically, the Company intends to generate revenue through mineral trading and exploration activities. See Note 14.
Income Taxes	The asset and liability method is used in the Company’s accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Deferred tax assets and liabilities are determined based on the temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities using the enacted tax rates in effect in the years in which the differences are expected to reverse. In estimating future tax consequences, all expected future events are considered other than enactment of changes in the tax law or rates. The Company adopted ASC 740 ”Income Taxes,” The determination of recording or releasing tax valuation allowance is made, in part, pursuant to an assessment performed by management regarding the likelihood that the Company will generate future taxable income against which benefits of its deferred tax assets may or may not be realized. See Note 13.
Loss Per Share	The Company follows the provisions of ASC Topic 260, Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock or conversion of notes into shares of the company’s common stock that could increase the number of shares outstanding and lower the earnings per share of the company’s common stock. This calculation is not done for periods in a loss position as this would be antidilutive. As of June 30, 2020 and 2019, there were approximately 43,738 and 45,159 potentially diluted common shares outstanding from 280,000 shares of preferred stock, respectively.
Recently issued accounting pronouncements	In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We will adopt the new standard effective July 1, 2021 and do not expect the adoption of this guidance to have a material impact on the Company’s financial statements. In July 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This update addresses several aspects of the accounting for nonemployee share-based payment transactions and expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The main provisions of the update change the way nonemployee awards are measured in the financial statements. Under the simplified standards, nonemployee options will be valued once at the date of grant, as compared to at each reporting period end under ASC 505-50. At adoption, all awards without established measurement dates will be revalued one final time, and a cumulative effect adjustment to retained earnings will be recorded as the difference between the pre-adoption value and new value. Companies will be permitted to make elections to establish the expected term and either recognize forfeitures as they occur or apply a forfeiture rate. Compensation expense recognition using a graded vesting schedule will no longer be permitted. This pending content is the result of the FASB’s Simplification Initiative, to maintain or improve the usefulness of the information provided to the users of financial statements while reducing cost and complexity in financial reporting. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted, but no earlier than an entity’s adoption date of Topic 606. Because the Company does not currently have any outstanding awards to non-employees for which a measurement date has not been established the adoption of ASU 2018-07 does not have a material impact to the Company’s financial statements and related disclosures upon adoption. The adoption of this standard will change the way that the Company accounts for non-employee compensation in the future. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of June 30, 2020, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company. Under the JOBS Act, an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have opted to take advantage of this extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to financial statements of companies that comply with public company effective dates.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Plant and equipment expected useful lives	Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 % Leasehold improvements Term of lease Furniture and Fixture 33 %

Plant and Equipment (Tables)

Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2020
Plant and Equipment
Schedule of plant and equipment	June 30, June 30, 2020 2019 Cost Motor Vehicles $ 15,231 $ 15,725 Office equipment 24,944 25,753 Computers and software 13,240 13,671 Tools and equipment 497 513 Furniture and Fixture 36,396 37,579 90,308 93,241 Accumulated Depreciation (62,114 ) (70,193 ) Plant and Equipment, Net $ 28,194 $ 23,048

Other receivable and deposits (

Other receivable and deposits (Tables)	12 Months Ended
	Jun. 30, 2020
Other receivable and deposits
Schedule of other receivable and deposits	June 30, June 30, 2020 2019 Sundry receivables $ 23,558 $ 19,136 Other receivable 6,209 605 Deposits, including utility, security deposits 914 436 $ 30,681 $ 20,177

Related party advances and ex_2

Related party advances and expenses (Tables)	12 Months Ended
	Jun. 30, 2020
Related party advances and expenses
Advances from related parties	June 30, June 30, 2020 2019 Advances from SBS Directors $ 997,706 $ 1,027,953 Advances from related party 1,792,850 1,795,964 Advances from holding company 699,131 721,846 Total $ 3,489,687 $ 3,545,763

Nami Corp. Acquisition of SBS (

Nami Corp. Acquisition of SBS (Tables)	12 Months Ended
	Jun. 30, 2020
Nami Corp. Acquisition of SBS
Schedule of recognized identified assets acquired and liabilities assumed	ASSETS Current Assets Prepaid expenses and deposits $ 5,553 Total Current Assets 5,553 TOTAL ASSETS $ 5,553 LIABILITIES Current Liabilities Accounts payable and accrued liabilities $ 85,165 Due to related parties 346,781 Total Current Liabilities 431,946

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2020
Income Taxes
Schedule of net deferred tax assets	2020 2019 Deferred tax assets: Impairment of related party receivables $ 100,000 $ 90,300 Depreciation of Property, Plant and Equipment - 5,700 Other - 22,200 Net operating loss carryforwards 810,200 610,000 Total long-term deferred tax asset 910,200 728,200 Deferred tax liabilities: Related party liabilities (28,100 ) (25,300 ) Concession acquisition costs - (63,800 ) Total deferred tax liabilities (28,100 ) (89,100 ) Valuation Allowance (882,100 ) (639,100 ) Total Net Deferred Tax Assets $ - $ -
Schedule of statutory federal income tax benefit	2020 2019 Expected income tax benefit $ (282,100 ) $ (228,100 ) Permanent timing difference 75,300 7,900 Other (19,400 ) (17,100 ) Difference in tax rates between US and Malaysia (16,800 ) (7,800 ) Valuation allowance (243,000 ) (245,100 ) Reported income tax expense (benefit) $ - $ -

Geographic Segment Reporting (T

Geographic Segment Reporting (Tables)	12 Months Ended
	Jun. 30, 2020
Geographic Segment Reporting
Operating activities information	Year Ended June 30, 2020 USA Malaysia Total Revenue $ - $ 5,003 $ 5,003 Cost of Goods Sold - (92,412 ) (92,412 ) Depreciation of property and equipment - (7,716 ) (7,716 ) Amortization and impairment of concession acquisition costs - (370,058 ) (370,058 ) General and administrative expenses (243,850 ) (175,743 ) (419,593 ) Professional fees (260,317 ) (3,236 ) (263,553 ) Other income (expenses) (60,511 ) (134,329 ) (194,840 ) Net loss $ (564,678 ) $ (778,491 ) $ (1,343,169 ) Year Ended June 30, 2019 USA Malaysia Total Revenue $ - $ - $ - Depreciation of property and equipment - (9,675 ) (9,675 ) Amortization of concession acquisition costs (51,163 ) (51,163 ) General and administrative expenses (108,086 ) (50,214 ) (158,300 ) Management fees (252,489 ) - (252,489 ) Professional fees (429,153 ) (12,645 ) (441,798 ) Other income (expenses) (36,242) (136,385 ) (172,627 ) Net loss $ (825,970 ) $ (260,082 ) $ (1,086,052 )
Assets information	As of June 30, 2020 USA Malaysia Total Current assets $ - $ 31,814 $ 31,814 Property and equipment, net - 28,194 28,194 Total assets $ - $ 60,008 $ 60,008 As of June 30, 2019 USA Malaysia Total Current assets $ 40,000 $ 102,874 $ 142,874 Concession acquisition costs - 303,726 303,726 Property and equipment, net - 23,048 23,048 Total assets $ 40,000 $ 429,648 $ 469,648

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2020
Motor Vehicles [Member]
Plant and equipment, rate of depreciation	20.00%
Office Equipment [Member]
Plant and equipment, rate of depreciation	33.00%
Tools and Equipment [Member]
Plant and equipment, rate of depreciation	33.00%
Computer and Software [Member]
Plant and equipment, rate of depreciation	33.00%
Leasehold Improvements [Member]
Plant and equipment, description for rate of depreciation	Term of lease
Furniture and Fixtures [Member]
Plant and equipment, rate of depreciation	33.00%

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jul. 12, 2018	Jul. 19, 2018	Jun. 30, 2020	Jun. 30, 2019
Cash insured amount			$ 60,000	$ 60,000
Impairment of long-lived assets				$ 0
Preferred stock outstanding			280,000
Potentially diluted common shares outstanding			43,738	45,159
Cost of sales			$ 92,412
Revenue			5,003	$ 0
Impairment of long lived assets			182,383	0
Gross Profit (Loss)			(87,409)	$ 0
Description for dividend declared by GMCI		the Company was notified that GMCI approved and declared a dividend of shares of Nami to the stockholders of GMCI, on a pro rata basis, determined in accordance with the number of shares of capital stock of GMCI held by such stockholders, thereby transferring ownership of 100% of the outstanding shares of Nami held by GMCI to the stockholders of the GMCI
GMCI [Member]
Common stock issuance	720,802,346
Outstanding shares acquired	100.00%
Pre-merger issued and outstanding shares	102.08%
Description for dividend declared by GMCI		the Company was notified that the Board of GMCI deemed it to be in the best interests of GMCI and its stockholders for GMCI to approve and declare a dividend of restrictive shares of Nami to the stockholders of GMCI, on a pro rata basis, determined in accordance with the number of shares of capital stock of GMCI held by such stockholders, thereby transferring ownership of 100% of the outstanding restricted shares of Nami owned directly by GMCI to the stockholders of GMCI (collectively, the “Nami Stock Dividend”).
Sea Sand Mining Project [Member]
Proceeds from sold sand value			$ 5,003

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Going Concern
Net Loss	$ (1,343,169)	$ (1,086,052)
Working capital deficit	(4,200,000)
Cash in hand	$ 1,000

Advance Payment on Mineral Tr_2

Advance Payment on Mineral Trading Related Party (Details Narrative)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018MYR (RM)	Jun. 30, 2016USD ($)
Repayments of related party received	$ 0	$ 15,044
Malaysia, Ringgits [Member] | Tranche One [Member]
Repayments of related party received | RM			RM 500,000
Malaysia, Ringgits [Member] | Tranche Two [Member]
Repayments of related party received | RM			RM 300,000
Sincere Pacific Mining Sdn. Bhd. [Member]
Advance payment on mineral trading				$ 614,000
Impairment of mineral trading expenses				$ 186,372

Plant and Equipment (Details)

Plant and Equipment (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Cost
Plant and Equipment Gross	$ 90,308	$ 93,241
Accumulated Depreciation	(62,114)	(70,193)
Plant and Equipment, Net	28,194	23,048
Motor Vehicles [Member]
Cost
Plant and Equipment Gross	15,231	15,725
Office Equipment [Member]
Cost
Plant and Equipment Gross	24,944	25,753
Computer and Software [Member]
Cost
Plant and Equipment Gross	13,240	13,671
Tools and Equipment [Member]
Cost
Plant and Equipment Gross	497	513
Furniture and Fixtures [Member]
Cost
Plant and Equipment Gross	$ 36,396	$ 37,579

Plant and Equipment (Details Na

Plant and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Plant And Equipment [Member]
Depreciation	$ 7,716	$ 9,675

Other receivable and deposits_2

Other receivable and deposits (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Other receivable and deposits
Sundry receivables	$ 23,558	$ 19,136
Other receivable	6,209	605
Deposits, including utility, security deposits	914	436
Other receivable and deposits	$ 30,681	$ 20,177

Related party advances and ex_3

Related party advances and expenses (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Total	$ 3,489,687	$ 3,545,763
Advances from SBS Directors [Member]
Total	997,706	1,027,953
Advances from related party [Member]
Total	1,792,850	1,795,964
Advances from holding company [Member]
Total	$ 699,131	$ 721,846

Related party advances and ex_4

Related party advances and expenses (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Imputed interest rate	6.50%	6.50%
Imputed interest	$ 210,232	$ 175,610
Advances received from related parties	15,482	799,164
Advances received from related parties	17,617	388,203
Director [Member]
Advances received from related parties	$ 2,135	388,203
Repayments of related party advances		$ 15,044

Due from unrelated parties (Det

Due from unrelated parties (Details Narrative)	12 Months Ended
	Jun. 30, 2020USD ($)
River Sand Mining Project
Advances received from unrelated parties	$ 218,670
Payment of expenses by unrelated party	$ 368,357

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
General and administrative expenses	$ 419,593	$ 158,300
On August 1, 2019 [Member]
Lease payment per month	$ 1,453
Term of lease	3 years
Lease expiration date	Jul. 31, 2022
General and administrative expenses	$ 5,163

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	1 Months Ended
	Jan. 17, 2019
Commitments and Contingencies
Description for Letter of Intent	Nami entered into a Letter of Intent with Pembinaan Kaya Hebat Sdn Bhd, a Malaysian corporation engaged in granite mining business (“PKH”) for the acquisition by NAMI of up to one hundred percent (100%) of the issued and outstanding capital stock of PKH with consideration at a purchase price at fair market value (the “Acquisition”).

Share Capital (Details Narrativ

Share Capital (Details Narrative) - USD ($)	Jul. 04, 2018	Aug. 31, 2018	Jul. 19, 2018	Jun. 30, 2020	Jun. 30, 2019
Common stock, shares authorized				5,000,000,000	5,000,000,000
Common stock, par value				$ 0.001	$ 0.001
Common stock, shares issued	720,802,346			1,426,927,346	1,426,927,346
Common stock, shares outstanding				1,426,927,346	1,426,927,346
Majority shareholder owing percentage	50.51%
Description for dividend declared by GMCI			the Company was notified that GMCI approved and declared a dividend of shares of Nami to the stockholders of GMCI, on a pro rata basis, determined in accordance with the number of shares of capital stock of GMCI held by such stockholders, thereby transferring ownership of 100% of the outstanding shares of Nami held by GMCI to the stockholders of the GMCI
Preferred dividend				$ 5,861	$ 6,097
Preferred stock, shares outstanding				280,000
SBS [Member]
Preferred dividend				$ 3,280
Preferred shares description		The preferred dividend will have priority to any payment of dividends on the common equity. The preferred shares automatically convert to NAMI Corp common shares two years after issuance if not converted earlier at the rate of USD $1.50 on then value translated into USD of each 12% redeemable cumulative preference share
Number of preferred shares held		1 for 1 basis
Preferred stock, shares outstanding					280,000
Debt converted into common shares					43,738
Ownership percentage	100.00%
First subscription [Member]
Subscription received		$ 59,530
Redeemable cumulative preference shares, interest rate		12.00%
Second subscription [Member]
Subscription received		$ 8,878
Redeemable cumulative preference shares, interest rate		12.00%

Sea Sand Mining Project (Detail

Sea Sand Mining Project (Details Narrative)	12 Months Ended
	Jun. 30, 2020USD ($)
River Sand Mining Project
Concession acquisition costs	$ 343,629
Description for irrevocable right use of asset	The Company currently estimates that the acreage available under the IRU will provide approximately 5 years of sustained mining operations. As part of the IRU, the Company is responsible for all permitting costs (both for mining operation and for the right to sell the mined sand internationally) at both the state and federal levels of all applicable ministries and departments in Malaysia. As compensation for the IRU, the Company is obligated to remit to JHW on a quarterly basis, 25% of the profits from the mining activities, as defined within the agreement. The Company submitted the required environmental and engineering assessments as part of the permitting process for approximately 383 square kilometres, and in January 2019, JHW was issued by the government of Malaysia the first set of permits necessary to commence sea sand mining operations. The final approved area was 20.48km² within the jurisdiction of the state of Terengganu, Malaysia (the “Area”). The Company is required to prepay MYR 500,000 of future royalty amounts due under the agreement with JHW, of which SBS funded MYR 250,000 (approximately $60,000) as of June 30, 2020.
Impairment loss	$ 182,383
Royalty prepayment recorded as cost of good sold	59,478
Amortization expense	$ 116,302

River Sand Mining Project (Deta

River Sand Mining Project (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Concession aquisition costs	$ 343,629
Amortization of concession costs	$ 370,058	$ 51,163
On September 6, 2019 [Member] | SBS Mining Corp [Member] | Mining Agreement [Member]
Agreement description	Donor granted to SBS the sole and exclusive rights to mine for river sand and other materials from a 1.9040 hectare (4.7 acre) plot of land located at Kampung Tiram
Concession aquisition costs	$ 71,373
Amortization of concession costs	$ 71,373

Nami Corp. Acquisition of SBS_2

Nami Corp. Acquisition of SBS (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Total Current Assets	$ 31,814	$ 142,874
TOTAL ASSETS	60,008	469,648
Accounts payable and accrued liabilities	26,078	3,946
Due to related parties	3,489,687	3,545,763
Total Current Liabilities	4,249,617	$ 3,589,953
Nami Corp. Acquisition of SBS [Member]
Prepaid expenses and deposits	5,553
Total Current Assets	5,553
TOTAL ASSETS	5,553
Accounts payable and accrued liabilities	85,165
Due to related parties	346,781
Total Current Liabilities	$ 431,946

Nami Corp. Acquisition of SBS_3

Nami Corp. Acquisition of SBS (Details Narrative) - Share Exchange Agreement [Member] - SBS [Member] - shares	12 Months Ended
	Jun. 30, 2020	Jul. 04, 2019
Exchange for an issuance of common stock		720,802,346
Agreement closing date	Jul. 12, 2018

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Deferred tax assets:
Impairment of related party receivables	$ 100,000	$ 90,300
Depreciation of Property, Plant and Equipment	0	5,700
Other	0	22,200
Net operating loss carryforwards	810,200	610,000
Total long-term deferred tax asset	910,200	728,200
Deferred tax liabilities:
Related party liabilities	(28,100)	(25,300)
Concession acquisition costs	0	(63,800)
Total deferred tax liabilities	(28,100)	(89,100)
Valuation Allowance	(882,100)	(639,100)
Total Net Deferred Tax Assets	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Taxes
Expected income tax benefit	$ (282,100)	$ (228,100)
Permanent timing differences	75,300	7,900
Other	(19,400)	(17,100)
Difference in tax rates between US and Malaysia	(16,800)	(7,800)
Valuation allowance	(243,000)	(245,100)
Reported income tax expense (benefit)	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statutory federal income tax rate	24.00%	21.00%
USA [Member]
Net operating loss carry-forward, expiration year		2033
Net operating loss carry-forward	$ 1,600,000	$ 1,600,000
Malaysia [Member]
Net operating loss carry-forward, expiration year		2034
Net operating loss carry-forward	$ 2,000,000	$ 2,000,000

Geographic Segment Reporting (D

Geographic Segment Reporting (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue	$ 5,003	$ 0
Cost of Goods Sold	92,412	0
Depreciation of property, plant and equipment	7,716	9,675
Amortization of concession acquisition costs	(370,058)	(51,163)
General and administrative expenses	(419,593)	(158,300)
Management fees		(252,489)
Professional fees	(263,553)	(441,798)
Other income (expenses)	(194,840)	(172,627)
Net Loss	(1,343,169)	(1,086,052)
USA [Member]
Revenue	0	0
Cost of Goods Sold	0
Depreciation of property, plant and equipment	0	0
Amortization of concession acquisition costs	0
General and administrative expenses	(243,850)	(108,086)
Management fees		(252,489)
Professional fees	(260,317)	(429,153)
Other income (expenses)	(60,511)	36,242
Net Loss	(564,678)	(825,970)
Malaysia [Member]
Revenue	5,003	0
Cost of Goods Sold	92,412
Depreciation of property, plant and equipment	7,716	9,675
Amortization of concession acquisition costs	(370,058)	(51,163)
General and administrative expenses	(175,743)	(50,214)
Management fees		0
Professional fees	(3,236)	(12,645)
Other income (expenses)	(134,329)	(136,385)
Net Loss	$ (778,491)	$ (260,082)

Geographic Segment Reporting _2

Geographic Segment Reporting (Details 1) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Current Assets	$ 31,814	$ 142,874
Concession acquisition costs	0	303,726
Property and equipment, net	28,194	23,048
Total assets	60,008	469,648
USA [Member]
Current Assets		40,000
Property and equipment, net	0	0
Total assets	0	40,000
Malaysia [Member]
Current Assets	31,814	102,874
Concession acquisition costs	0	303,726
Property and equipment, net	28,194	23,048
Total assets	$ 60,008	$ 429,648

Subsequent events (Details Narr

Subsequent events (Details Narrative) - USD ($)	1 Months Ended			12 Months Ended
	May 31, 2021	Apr. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Jun. 30, 2019
Advances received from related parties				$ 15,482	$ 799,164
Proceeds from related partiess				$ 17,617	$ 388,203
Subsequent Event [Member] | Royal Resources PTE Ltd [Member]
Advance paid to related party			$ 49,236
Advance from unrelated party		$ 10,907
Advances received from related parties			$ 421,763
Subsequent Event [Member] | Investors [Member] | Personal Guarantee Arrangement [Member]
Royalty payment	$ 1,211,900
Subsequent Event [Member] | Investors [Member] | Formal Agreement [Member] | Sea Sand Mining Project [Member]
Advances received from related parties	$ 484,760
Royalty payment	$ 0.48
Subsequent Event [Member] | Investors Two [Member] | Sea Sand Mining Project [Member]
Royalty payment		$ 0.02
Proceeds from related partiess		$ 24,238