Star Alliance International (STAL) 10-Q 14 Feb 23 2023 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Dec. 31, 2022 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--06-30
Entity File Number	333-197692
Entity Registrant Name	STAR ALLIANCE INTERNATIONAL CORP.
Entity Central Index Key	0001614556
Entity Tax Identification Number	37-1757067
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5743 Corsa Avenue
Entity Address, Address Line Two	Suite 218
Entity Address, City or Town	Westlake Village
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91362
City Area Code	833
Local Phone Number	443-7827
Title of 12(b) Security	Common
Trading Symbol	STAL
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	200,298,595

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash	$ 2,088	$ 71,724
Prepaids and other assets	400,000	547,350
Prepaid stock for services	0	1,813,854
Total current assets	402,088	2,432,928
Property and equipment	1,650,000	450,000
Intangible assets	15,250,000	0
Mining claims	57,532	57,532
Total other assets	16,957,532	507,532
Total Assets	17,359,620	2,940,460
Current liabilities:
Accounts payable	65,171	52,760
Accrued expenses	54,425	25,961
Accrued expenses–related party	6,991	0
Loan payable – related party	42,000	0
Accrued compensation	309,777	212,428
Notes payable	5,791,190	119,215
Convertible notes payable, net of discount of $31,249 and $191,248, respectively	443,751	323,752
Derivative liability	1,085,990	689,231
Note payable – former related party	32,000	32,000
Due to former related party	42,651	42,651
Total current liabilities	7,873,946	1,497,998
Total Liabilities	7,873,946	1,497,998
Stockholders’ Equity (Deficit):
Common stock, $0.001 par value, 500,000,000 shares authorized, 191,849,360 and 162,788,028 shares issued and outstanding, respectively	191,849	162,788
Additional paid-in capital	23,314,844	16,384,983
Series D preferred stock to be issued	10,650,000	0
Stock subscription receivable	(56,250)	(50,000)
Accumulated deficit	(24,617,811)	(15,058,400)
Total stockholders’ equity (deficit)	9,485,674	1,442,462
Total liabilities and stockholders’ deficit	17,359,620	2,940,460
Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value	0	0
Series A Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value	1,000	1,000
Series B Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value	1,883	1,883
Series C Preferred Stock [Member]
Stockholders’ Equity (Deficit):
Preferred stock, value	$ 159	$ 208

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Discount	$ 31,249	$ 191,248
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	191,849,360	162,788,028
Common stock, shares outstanding	191,849,360	162,788,028
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,900,000	1,900,000
Preferred stock, shares issued	1,833,000	1,833,000
Preferred stock, shares outstanding	1,833,000	1,833,000
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	158,000	207,500
Preferred stock, shares outstanding	158,000	207,500

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Operating expenses:
General and administrative	$ 310,158	$ 1,039,338	$ 878,602	$ 1,048,400
General and administrative – related party	0	1,500	0	3,000
Professional fees	67,000	11,020	67,000	13,020
Consulting	514,718	188,362	1,094,093	188,362
Director compensation	197,400	30,000	4,607,400	60,000
Officer compensation	45,000	45,000	1,490,000	90,000
Total operating expenses	1,134,276	1,315,220	8,137,095	1,402,782
Loss from operations	(1,134,276)	(1,315,220)	(8,137,095)	(1,402,782)
Other expense
Interest expense	(67,855)	(1,182)	(203,510)	(2,064)
Loss on conversion of preferred stock	(758,124)	0	(758,124)	0
Change in fair value of derivative	(222,477)	0	(460,682)	0
Total other expense	(1,048,456)	(1,182)	(1,422,316)	(2,064)
Loss before provision for income taxes	(2,182,732)	(1,316,402)	(9,559,411)	(1,404,846)
Provision for income taxes	0	0	0	0
Net loss	$ (2,182,732)	$ (1,316,402)	$ (9,559,411)	$ (1,404,846)

STATEMENTS OF OPERATIONS (Una_2

STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.01)	$ 0	$ (0.05)	$ 0
Earnings Per Share, Diluted	$ (0.01)	$ 0	$ (0.05)	$ 0
Weighted Average Number of Shares Outstanding, Basic	186,600,326	112,193,103	177,936,989	135,573,180
Weighted Average Number of Shares Outstanding, Diluted	186,600,326	112,193,103	177,936,989	135,573,180

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDER'S DEFICIT (Unaudited) - USD ($)	Series A Preferred Stocks [Member]	Series B Preferred Stocks [Member]	Series C Preferred Stocks [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Common Stock And Preferred Stock To Be Issued [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2021	$ 1,000	$ 1,883		$ 124,320	$ 2,793,609	$ (20,000)	$ 41,633	$ (3,172,791)	$ (230,346)
Beginning balance, shares at Jun. 30, 2021	1,000,000	1,833,000		124,319,584
Stock sold for cash				$ 10,790	574,210	(550,000)	(35,000)
Stock sold for cash, shares				10,790,000
Stock issued for services				$ 4	19,996				20,000
Stock issued for services, shares				4,444
Net loss								(88,444)	(88,444)
Ending balance, value at Sep. 30, 2021	$ 1,000	$ 1,883		$ 135,114	3,387,815	(570,000)	6,633	(3,261,235)	(298,790)
Ending balance, shares at Sep. 30, 2021	1,000,000	1,833,000		135,114,028
Stock sold for cash				$ 300	29,700	(10,000)	19,000		39,000
Stock sold for cash, shares				300,000
Cash not collectible					(520,000)	520,000
Stock issued for services				$ 2,562	3,951,738		2,000,000		5,954,300
Stock issued for services, shares				2,562,000
Net loss								(1,316,402)	(1,316,402)
Ending balance, value at Dec. 31, 2021	$ 1,000	$ 1,883		$ 137,976	6,849,253	(60,000)	2,025,633	(4,577,637)	4,378,108
Ending balance, shares at Dec. 31, 2021	1,000,000	1,833,000		137,976,029
Beginning balance, value at Jun. 30, 2022	$ 1,000	$ 1,883	$ 208	$ 162,788	16,384,983	(50,000)		(15,058,400)	1,442,462
Beginning balance, shares at Jun. 30, 2022	1,000,000	1,833,000	207,500	162,788,028
Preferred stock sold for cash			$ 47		46,453				46,500
Preferred stock sold for cash, shares			46,500
Stock sold for cash				$ 50	6,200	(6,250)
Stock sold for cash, shares				50,000
Stock issued for services – related party				$ 20,000	5,730,000				5,750,000
Stock issued for services related party, shares				20,000,000
Net loss								(7,376,679)	(7,376,679)
Ending balance, value at Sep. 30, 2022	$ 1,000	$ 1,883	$ 255	$ 182,838	22,167,636	(56,250)		(22,435,079)	(137,717)
Ending balance, shares at Sep. 30, 2022	1,000,000	1,833,000	254,000	182,838,028
Beginning balance, value at Jun. 30, 2022	$ 1,000	$ 1,883	$ 208	$ 162,788	16,384,983	(50,000)		(15,058,400)	1,442,462
Beginning balance, shares at Jun. 30, 2022	1,000,000	1,833,000	207,500	162,788,028
Ending balance, value at Dec. 31, 2022	$ 1,000	$ 1,883	$ 159	$ 191,849	23,314,844	(56,250)	10,650,000	(24,617,811)	9,485,674
Ending balance, shares at Dec. 31, 2022	1,000,000	1,833,000	158,000	191,849,360
Beginning balance, value at Sep. 30, 2022	$ 1,000	$ 1,883	$ 255	$ 182,838	22,167,636	(56,250)		(22,435,079)	(137,717)
Beginning balance, shares at Sep. 30, 2022	1,000,000	1,833,000	254,000	182,838,028
Preferred stock sold for cash			$ 58		50,692				50,750
Preferred stock sold for cash, shares			57,750
Preferred stock converted to common stock			$ (154)	$ 4,448	762,251				766,545
Preferred stock converted to common stock, shares			(153,750)	4,447,871
Stock issued for conversion of debt				$ 1,538	102,385				103,923
Stock issued for conversion of debt, shares				1,538,461
Stock issued for services – related party				$ 1,000	164,000				165,000
Stock issued for services related party, shares				1,000,000
Stock issued for services				$ 2,025	67,880				69,905
Stock issued for services, shares				2,025,000
Preferred stock issued for asset acquisitions							10,650,000		10,650,000
Net loss								(2,182,732)	(2,182,732)
Ending balance, value at Dec. 31, 2022	$ 1,000	$ 1,883	$ 159	$ 191,849	$ 23,314,844	$ (56,250)	$ 10,650,000	$ (24,617,811)	$ 9,485,674
Ending balance, shares at Dec. 31, 2022	1,000,000	1,833,000	158,000	191,849,360

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (9,559,411)	$ (1,404,846)
Adjustments to reconcile net loss to net cash used in operating activities:
Prepaid stock issued for services	1,813,853	0
Common stock issued for services - related party	5,915,000	0
Common stock issued for services	69,905	1,219,196
Change in fair value of derivative	460,682	0
Debt discount amortization	159,999	0
Loss on conversion of preferred stock	758,124	0
Changes in assets and liabilities:
Prepaids and other assets	47,350	0
Accounts payable	12,411	5,370
Accrued expenses	36,886	7,964
Accrued expenses – related party	6,991	0
Accrued compensation	97,349	132,270
Net cash used in operating activities	(180,861)	(40,046)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds of borrowings from a related party	42,000	24,550
Proceeds from the sale of common stock	0	39,000
Proceeds from the sale of preferred stock	97,250	0
Payment on notes payable	(28,025)	(20,000)
Net cash provided by financing activities	111,225	43,550
Net change in cash	(69,636)	3,504
Cash at the beginning of period	71,724	6,789
Cash at the end of period	2,088	10,293
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	0	0
Income taxes paid	0	0
NON-CASH TRANSACTIONS:
Common stock issued for prepaid services	0	4,755,104
Series D preferred stock issued for asset acquisitions	$ 10,650,000	$ 0

NATURE OF BUSINESS

NATURE OF BUSINESS	6 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 – NATURE OF BUSINESS Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada, for the purpose of acquiring and developing gold mining as well as certain other mining properties worldwide and environmentally safe technologies both in mining and other business areas.

SIGNIFICANT AND CRITICAL ACCOUN

SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES	NOTE 2 – SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended June 30, 2022, have been omitted. Use of Estimates 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, the Company has an accumulated deficit of $ 24,617,811 9,559,411 9,177,563 180,861 The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	NOTE 4 – ACQUISITIONS On December 15, 2021, the Company signed a definitive agreement to purchase 51 This project, that runs along a 12.5 mile stretch of the Rio Jalan River, is a peaceful agrarian area, with only farmers and ranchers in the nearby five villages. The environmental licenses have been obtained and exploration is ongoing. The mines will be producing gold early in 2022 and will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site. As an important part of this transaction, STAR has agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future. Gold resources are in excess of 1 million oz. This estimate came from a limited appraisal of the area in which the mines are located. This acquisition become effective in January, 2022. The Company has issued to date 250,000 75,000 On May 9, 2022, a binding letter of intent was signed for the acquisition of 51 On May 11, 2022, a binding letter of intent was signed for the acquisition of 51 On May 23, 2022, a binding letter of intent was signed for the acquisition of 75 On December 17, 2022, Star has completed the purchase of the Barotex™ patent, trade mark, equipment and inventory. The operations will be run through a new subsidiary Magma International, Inc. Star has an option to purchase the 76,000 square foot building, that is the Barotex manufacturing plant. The patent is for a fiber known as “Barotex”. Barotex is manufactured from igneous rock, is seven times stronger than steel and stronger than wood, aluminum, fiber glass, carbon fiber and Kevlar. It weighs 50% less than fiber glass and is impervious to chemicals and seawater and does not rust. It can be used in multiple industries including building materials replacing steel beams, rebar, metal mesh drywall and wood joists. It offers more protection on armored vehicles, flak jackets etc. than more traditional materials like steel, Kevlar and other materials. Our fibers reduce pollution when replacing steel, aluminum, fiberglass, Kevlar and carbon fiber while saving rainforests when used in place of wood. Our fibers do not burn and will melt (like wax) at temperatures 1200 Fahrenheit and above. It will not burn. The purchase price for the Patents, trade mark and know how is $ 10 million $ 100,000 $ 50,000 $4,850,000 to be paid in annual payments. $500,000 to be paid by June 30, 2023 and $750,000 thereafter due by June 30 in each year ended June 30 with the final payment of $600,000 due by June 30, 2029. 7,500,000 250,000 2,500,000 Twenty five percent (25%) of the issued share capital of Magma International, Inc. In addition, Lilo Benzicron will receive a royalty on sales annually of 2% of gross sales up to $50 million, 1.5% of the next $50 million gross sales and 1% thereafter. The purchase price for the equipment and inventory was $ 1.2 $ 50,000 $ 350,000 $ 400,000 1,500,000 shares of common stock to be issued as security for the $350,000 payment. If Star makes the payment timely, these shares will be returned to treasury. 250,000

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5 – INTANGIBLE ASSETS Intangible assets, net, consist of the following: Schedule of intangible assets December 31, 2022 Intellectual Property $ 15,250,000 Once operations utilizing the intellectual property have begun, the Company will begin amortization of the asset. The Company has recorded the full value of the acquisition as intangible assets. The Company is currently assessing if any further breakdown of assets is necessary.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 6 – PROPERTY AND EQUIPMENT Long lived assets, including property and equipment assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Property and equipment are first recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Assets stated at cost, less accumulated depreciation consisted of the following: Schedule of property, plant and equipment December 31 June 30, Mine Assets $ 450,000 $ 450,000 Property & Equipment: Barotex Equipment 1,200,000 – Total $ 1,650,000 $ 450,000 Once operations utilizing the property and equipment have begun, the Company will begin depreciation of the assets.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS On January 1, 2021, the employment agreements for Richard Carey and Anthony Anish were updated to include salaries of $180,000 and $120,000 per annum respectively. As of December 31, 2022, the Company has accrued compensation due to Mr. Carey of $ 113,349 136,428 52,600 99,828 60,000 Mr. Carey is using his personal office space at no cost to the Company. On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On November 17, 2022, Our Chairman, Mr. Carey sold 4 million 42,000 On December 5, 2022, the Company issued 1,000,000 0.165 165,000

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 8 – NOTES PAYABLE As of December 31, 2022 and June 30, 2022, the Company owed Kok Chee Lee, the former CEO and Director of the Company, $ 42,651 42,651 On June 1, 2018, the Company executed a promissory note in the amount of $ 32,000 5 December 1, 2018 7,362 6,562 As of December 31, 2022 and June 30, 2022, the Company owes various other individuals and entities $ 98,690 119,215

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
	Dec. 31, 2022
Convertible Notes
CONVERTIBLE NOTES	NOTE 9 - CONVERTIBLE NOTES On March 28, 2022, we received short term financing from a private investor under a 10% Fixed Convertible Secured Promissory Note in the principal amount of $ 400,000 10 On June 8, 2022, the Company executed a 10 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days up to the date on which lender elects to convert all or part of the Note. A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Decrease to derivative due to conversion (63,923 ) Derivative loss due to mark to market adjustment 460,682 Balance at December 31, 2022 $ 1,085,990 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of December 31, 2022, is as follows: Schedule of fair value assumptions Inputs December 31, Initial Stock price $ .041 $ .24 - .42 Conversion price $ .014 - .019 $ .03 - .2995 Volatility (annual) 139.62% - 212.41% 256.36% - 381.28% Risk-free rate 4.42% – 4.69% 0.59% - 2.29% Dividend rate – – Years to maturity 0 - .44 .34 - 1

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Dec. 31, 2022
Equity [Abstract]
PREFERRED STOCK	NOTE 10 – PREFERRED STOCK Of the 25,000,000 0.001 1,000,000 1,900,000 1,000,000 Series A Preferred Stock Each Share of Series A preferred stock shall have 500 votes per share and each share can be converted into 500 shares of common stock. The holders of the Series A preferred stock are not entitled to dividends. On July 2, 2020, the Board granted all 1,000,000 68,556 Series B Preferred Stock Only one person or entity, is entitled to be designated as the owner of all of the Series B Preferred Stock (the “Holder”), in whose name the initial certificates representing the Series B Preferred Stock shall be issued. Any transfer of the Series B Preferred Stock to a different Holder must be approved in advance by the Corporation; provided, however, the Holder shall have the right to transfer the Series B Preferred Stock, or any portion thereof, to any affiliate of Holder or nominee of Holder, without the approval of the Corporation. Each share of Preferred Stock shall have one vote per share. Holder is not entitled to dividends or distributions and each share of Series B Preferred Stock shall be convertible at the rate of two Common Shares for each one B Preferred stock. In conjunction with the APA with Troy, the company issued 1,883,000 7,532 Series C Preferred Stock On March 30, 2022, the Company created and designated 1,000,000 1.00 During the six months ended December 31, 2022, the Company sold 104,250 104,250 During the six months ended December 31, 2022, Geneva Roth converted 153,750 4,447,781 758,124

COMMON STOCK

COMMON STOCK	6 Months Ended
	Dec. 31, 2022
Equity [Abstract]
COMMON STOCK	NOTE 11 – COMMON STOCK During the six months ended December 31, 2022, the Company sold 50,000 6,250 During the six months ended December 31, 2022, Fast Capital converted $ 40,000 1,538,461 Refer to Note 5 for shares issued to related parties.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the unaudited financial statements were issued and has determined that no material subsequent events exist other than the following. 1. On January 3, 2023, the Company sold 57,750 shares of Series C Preferred shares to Geneva Roth Remark Holdings Inc. 2. On January 17, 2023, the Company sold 56,950 shares of Series C Preferred shares to Geneva Roth Remark Holdings Inc.

SIGNIFICANT AND CRITICAL ACCO_2

SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Policies)	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended June 30, 2022, have been omitted.
Use of Estimates	Use of Estimates 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231

SIGNIFICANT AND CRITICAL ACCO_3

SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Tables)	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule Of Fair Value, Liabilities Measured on Recurring Basis	Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets December 31, 2022 Intellectual Property $ 15,250,000

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Schedule of property, plant and equipment December 31 June 30, Mine Assets $ 450,000 $ 450,000 Property & Equipment: Barotex Equipment 1,200,000 – Total $ 1,650,000 $ 450,000

CONVERTIBLE NOTES (Tables)

CONVERTIBLE NOTES (Tables)	6 Months Ended
	Dec. 31, 2022
Convertible Notes
Schedule of derivative liabilities	Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Decrease to derivative due to conversion (63,923 ) Derivative loss due to mark to market adjustment 460,682 Balance at December 31, 2022 $ 1,085,990
Schedule of fair value assumptions	Schedule of fair value assumptions Inputs December 31, Initial Stock price $ .041 $ .24 - .42 Conversion price $ .014 - .019 $ .03 - .2995 Volatility (annual) 139.62% - 212.41% 256.36% - 381.28% Risk-free rate 4.42% – 4.69% 0.59% - 2.29% Dividend rate – – Years to maturity 0 - .44 .34 - 1

SIGNIFICANT AND CRITICAL ACCO_4

SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	$ 0	$ 0
Fair Value, Inputs, Level 1 [Member] | Derivative [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Derivative [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	1,085,990	689,231
Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Defined Benefit Plan Disclosure [Line Items]
Derivative fair value	$ 1,085,990	$ 689,231

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 24,617,811		$ 24,617,811		$ 15,058,400
Net loss	$ 2,182,732	$ 1,316,402	9,559,411	$ 1,404,846
Noncash expense			9,177,563
Net cash used in operating activities			$ 180,861	$ 40,046

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - USD ($)	1 Months Ended	13 Months Ended	78 Months Ended
	Dec. 17, 2022	Dec. 31, 2022	Jun. 30, 2029	Dec. 17, 2023	Mar. 20, 2023	Jan. 15, 2023	May 23, 2022	May 11, 2022	May 09, 2022	Dec. 15, 2021
Barotex [Member]
Business Acquisition [Line Items]
Purchase price	$ 10,000,000
Payment for intangible assets	100,000
Barotex payment to be paid	50,000
Debt Instrument, Payment Terms			$4,850,000 to be paid in annual payments. $500,000 to be paid by June 30, 2023 and $750,000 thereafter due by June 30 in each year ended June 30 with the final payment of $600,000 due by June 30, 2029.
Purchase price	$ 1,200
Payments to be made for aquisition				$ 400,000	$ 350,000	$ 50,000
Series D Preferred Stock [Member] | Barotex [Member] | Purchase Of Equipment And Inventory [Member]
Business Acquisition [Line Items]
Payment for intangible assets	250,000
Series D Preferred Stock [Member] | Barotex [Member] | Mepe Trust [Member]
Business Acquisition [Line Items]
Payment for intangible assets	7,500,000
Series D Preferred Stock [Member] | Barotex [Member] | Klara Benzicron [Member]
Business Acquisition [Line Items]
Payment for intangible assets	250,000
Series D Preferred Stock [Member] | Barotex [Member] | Lilo Benzicron [Member]
Business Acquisition [Line Items]
Payment for intangible assets	2,500,000
Compania Minera Metalurgica Centro Americana [Member]
Business Acquisition [Line Items]
Business acquisition percentage										51%
Payments to Acquire Businesses, Gross		$ 75,000
Compania Minera Metalurgica Centro Americana [Member] | Restricted Stock [Member]
Business Acquisition [Line Items]
Payment for intangible assets		250,000
NSM [Member]
Business Acquisition [Line Items]
Business acquisition percentage									51%
NGM [Member]
Business Acquisition [Line Items]
Business acquisition percentage								51%
Magma International Inc [Member]
Business Acquisition [Line Items]
Business acquisition percentage							75%

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 15,250,000	$ 0
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 15,250,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Mine Assets	$ 450,000	$ 450,000
Property & Equipment: Barotex Equipment	1,200,000	0
Total	$ 1,650,000	$ 450,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended
	Dec. 05, 2022	Aug. 15, 2022	Nov. 17, 2022	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2022
Related Party Transaction [Line Items]
Stock Issued During Period, Value, Issued for Services				$ 69,905	$ 5,954,300	$ 20,000
Fernando Godina [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Issued for Services		5,000,000
Shares Issued, Price Per Share		$ 0.289
Stock Issued During Period, Value, Issued for Services		$ 1,445,000
Bryan Cappelli [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Issued for Services		5,000,000
Shares Issued, Price Per Share		$ 0.289
Stock Issued During Period, Value, Issued for Services		$ 1,445,000
Weverson Correia [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Issued for Services		5,000,000
Shares Issued, Price Per Share		$ 0.289
Stock Issued During Period, Value, Issued for Services		$ 1,445,000
Anthony Anish [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Issued for Services		5,000,000
Shares Issued, Price Per Share		$ 0.289
Stock Issued During Period, Value, Issued for Services		$ 1,445,000
Richard Carey [Member]
Related Party Transaction [Line Items]
Debt Conversion, Converted Instrument, Shares Issued			4,000,000
Debt Conversion, Original Debt, Amount			$ 42,000
Themis Caldwell [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Issued for Services	1,000,000
Shares Issued, Price Per Share	$ 0.165
Stock Issued During Period, Value, Issued for Services	$ 165,000
Richard Carey [Member]
Related Party Transaction [Line Items]
Accrued compensation				113,349			$ 52,600
Anthony Anish [Member]
Related Party Transaction [Line Items]
Accrued compensation				136,428			$ 99,828
John Baird [Member]
Related Party Transaction [Line Items]
Accrued compensation				$ 60,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	11 Months Ended
	Jun. 01, 2018	Dec. 31, 2022	Jun. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Other notes payable		$ 98,690	$ 119,215
Kok Chee Lee [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Note payable		42,651	42,651
Former Secy Of Board [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt face amount	$ 32,000
Debt stated interest rate	5%
Debt maturity date	Dec. 01, 2018
Accrued interest		$ 7,362	$ 6,562

CONVERTIBLE NOTES (Details - Sc

CONVERTIBLE NOTES (Details - Schedule of derivative liabilities) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Convertible Notes
Derivative Liability, beginning	$ 689,231	$ 0
Increase to derivative due to new issuances	(63,923)	552,517
Derivative loss due to mark to market adjustment	460,682	136,714
Derivative Liability, ending	$ 1,085,990	$ 689,231

CONVERTIBLE NOTES (Details - As

CONVERTIBLE NOTES (Details - Assumptions)	2 Months Ended	6 Months Ended
	Jun. 08, 2022	Dec. 31, 2022
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value		.041
Measurement Input, Share Price [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value	.24 - .42
Measurement Input, Conversion Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value		.014 - .019
Measurement Input, Conversion Price [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value	.03 - .2995
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value		139.62% - 212.41%
Measurement Input, Price Volatility [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value	256.36% - 381.28%
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value		4.42% – 4.69%
Measurement Input, Risk Free Interest Rate [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value	0.59% - 2.29%
Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value
Measurement Input, Discount Rate [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value
Measurement Input, Maturity [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value		0 - .44
Measurement Input, Maturity [Member] | Initial Valuation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value	.34 - 1

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)	Jun. 08, 2022	Mar. 28, 2022
10% Fixed Convertible Secured Promissory Note [Member]
Debt Instrument [Line Items]
Principal amount		$ 400,000
Debt Instrument, Interest Rate, Stated Percentage		10%
Fast Capital LLC [Member]
Debt Instrument [Line Items]
Interest rate	10%

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	6 Months Ended
	Jul. 02, 2020	Aug. 13, 2019	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022	Mar. 30, 2022
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			25,000,000	25,000,000		25,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001		$ 0.001
Stock Issued During Period, Value, Acquisitions			$ 10,650,000
Proceeds from Issuance of Preferred Stock and Preference Stock				$ 97,250	$ 0
Geneva Roth Remark Holdings [Member]
Class of Stock [Line Items]
Loss on conversion of stock				$ 758,124
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000		1,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares designated			1,000,000	1,000,000
Series A Preferred Stock [Member] | Richard Carey [Member]
Class of Stock [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	1,000,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ 68,556
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			1,900,000	1,900,000		1,900,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares designated			1,900,000	1,900,000
Series B Preferred Stock [Member] | Asset Purchase Agreement [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Acquisitions		1,883,000
Stock Issued During Period, Value, Acquisitions		$ 7,532
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			1,000,000	1,000,000		1,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001		$ 0.001	$ 1
Preferred stock, shares designated			1,000,000	1,000,000			1,000,000
Series C Preferred Stock [Member] | Geneva Roth Remark Holdings [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues				104,250
Proceeds from Issuance of Preferred Stock and Preference Stock				$ 104,250
Conversion of Stock, Shares Converted				153,750
Common Stock [Member] | Geneva Roth Remark Holdings [Member]
Class of Stock [Line Items]
Conversion of Stock, Shares Issued				4,447,781

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Proceeds from Issuance of Common Stock	$ 0	$ 39,000
Fast Capital [Member]
Class of Stock [Line Items]
Debt Conversion, Original Debt, Amount	$ 40,000
Debt Conversion, Converted Instrument, Shares Issued	1,538,461
Common Stock [Member] | Stock Sale [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	50,000
Proceeds from Issuance of Common Stock	$ 6,250