| For the year ended June 30, | ||||||||
| 2024 | 2023 | |||||||
| A$ | A$ | |||||||
| Net cash used in operating activities | (3,666,768) | (3,083,677) | ||||||
| Net cash used in investing activities | (13,321,921) | (24,139,677) | ||||||
| Net cash from financing activities | 986,892 | 25,158,615 | ||||||
| Short-term Benefits | Post Employment Benefits | Equity compensation | Total | |||||||||||||||||||||
| June 30, 2024 | Cash salary and fees A$ | Cash bonus A$ | Non Monetary A$ | Super- annuation A$ | Options A$ (1) | A$ | ||||||||||||||||||
| Executive Directors and Officers | ||||||||||||||||||||||||
| Christopher Gerteisen | 384,369 | (2) | - | - | - | 45,323 | 429,692 | |||||||||||||||||
| Michael Melamed | 81,592 | - | - | - | 24,962 | 106,555 | ||||||||||||||||||
| Ian Pamensky | 68,184 | - | - | - | 24,962 | 93,147 | ||||||||||||||||||
| Craig Bentley | 120,000 | - | - | - | 74,887 | 194,887 | ||||||||||||||||||
| Louie Simens | 276,000 | - | - | - | 45,323 | 321,323 | ||||||||||||||||||
| Non-Executive Directors | ||||||||||||||||||||||||
| Avi Geller | 60,000 | - | - | - | 49,925 | 109,925 | ||||||||||||||||||
| Rodrigo Pasqua | 84,900 | - | - | - | 24,962 | 109,862 | ||||||||||||||||||
| 1,075,045 | - | - | - | 290,344 | 1,365,391 | |||||||||||||||||||
| Note | 30 June 2024 | 30 June 2023 | 30 June 2022 | |||||||||||
| Consolidated | ||||||||||||||
| Note | 30 June 2024 | 30 June 2023 | 30 June 2022 | |||||||||||
| A$ | A$ | A$ | ||||||||||||
| Cash Flows from Operating Activities | ||||||||||||||
| Payments to suppliers and employees (inclusive of GST) | (3,210,966) | (3,095,422) | (2,849,722) | |||||||||||
| Interest received | 262,818 | 13,530 | - | |||||||||||
| Interest and other finance costs paid | (718,620) | (1,785) | (6,039) | |||||||||||
| Net cash used in operating activities | 26 | (3,666,768) | (3,083,677) | (2,855,761) | ||||||||||
| Cash Flows from Investing Activities | ||||||||||||||
| Payments for property, plant and equipment | (255,553) | (213,299) | (1,055,878) | |||||||||||
| Payments for exploration and evaluation | (12,398,898) | (23,647,509) | (24,799,177) | |||||||||||
| Loans to Snow Lake Resources | 144,804 | 100,000 | 274,342 | |||||||||||
| Loans to other entity | (996,546) | - | 10,000 | |||||||||||
| Loans to related party | - | 103,813 | 41,814 | |||||||||||
| Payments to acquire investments | (125,000) | (271,182) | (648,988) | |||||||||||
| Convertible note Asra Minerals | 257,808 | (250,000) | - | |||||||||||
| Proceeds from disposal of property, plant and equipment | - | 38,500 | - | |||||||||||
| Proceeds from disposal of investments | 51,464 | - | 22,279,880 | |||||||||||
| Loss of cash due to deconsolidation of Snow Lake Resources | - | - | (59,719) | |||||||||||
| Net cash used in investing activities | (13,321,921) | (24,139,677) | (3,957,726) | |||||||||||
| Cash Flows from Financing Activities | ||||||||||||||
| Proceeds from issue of shares | 14 | 996,966 | 19,059,988 | 12,000,000 | ||||||||||
| Proceeds from Issue of derivative financial liability | - | 7,449,210 | - | |||||||||||
| Proceeds from exercise of options | 176 | 39,871 | - | |||||||||||
| Share issue transaction costs | (10,250) | (1,390,454) | (846,964) | |||||||||||
| Net cash from financing activities | 986,892 | 25,158,615 | 11,153,036 | |||||||||||
| Net decrease in cash and cash equivalents | (16,001,797) | (2,064,739) | 4,339,549 | |||||||||||
| Cash and cash equivalents at the beginning of the financial year | 19,240,707 | 21,278,936 | 15,516,112 | |||||||||||
| Effects of exchange rate changes on cash and cash equivalents | (89,001) | 26,510 | 1,423,275 | |||||||||||
| Cash and Cash Equivalents at the End of the Financial Year | 6 | 3,149,909 | 19,240,707 | 21,278,936 | ||||||||||
| Previously Reported 30-Jun-23 | Adjustment | As Revised 30-Jun-23 | ||||||||||
| AKCM (Aust) Pty Ltd | ||||||||||||
| Previously Reported 30-Jun-23 | Adjustment | As Revised 30-Jun-23 | ||||||||||
| A$ | ||||||||||||
| Summarized statement of financial position | ||||||||||||
| Current assets | 1,827,323 | - | 1,827,323 | |||||||||
| Non-current assets | 83,964,996 | - | 83,964,996 | |||||||||
| Total assets | 85,792,319 | - | 85,792,319 | |||||||||
| Current liabilities | 141,459 | - | 141,459 | |||||||||
| Total liabilities | 141,459 | - | 141,459 | |||||||||
| Net assets/(liabilities) | 85,650,860 | - | 85,650,860 | |||||||||
| Summarized statement of profit or loss and other comprehensive income | ||||||||||||
| Revenue | 20,697 | - | 20,697 | |||||||||
| Expenses | (495,779) | (105,911) | (601,690) | |||||||||
| Loss before income tax expense | (475,082) | (105,911) | (580,993) | |||||||||
| Income tax expense | - | - | ||||||||||
| Loss after income tax expense | (475,082) | (105,911) | (580,993) | |||||||||
| Other comprehensive income/(loss) | - | 1,948,722 | 1,948,722 | |||||||||
| Total comprehensive income/(loss) | (475,082) | 1,842,811 | 1,367,729 | |||||||||
| Statement of cash flows | ||||||||||||
| Net cash used in operating activities | (238,904) | - | (238,904) | |||||||||
| Net cash used in investing activities | (13,239,174) | - | (13,239,174) | |||||||||
| Net increase/(decrease) in cash and cash equivalents | (13,478,078) | - | (13,478,078) | |||||||||
| Other financial information | ||||||||||||
| Loss attributable to non-controlling interests | (87,149) | - | (87,149) | |||||||||
| Total comprehensive Income/(loss) attributable to non-controlling interests | - | 205,159 | 205,159 | |||||||||
| Accumulated non-controlling interests at the end of reporting period | (324,861) | - | (324,861) | |||||||||
| Consolidated | ||||||||
| 30 June 2024 | 30 June 2023 | |||||||
| A$ | A$ | |||||||
| Opening balance | 3,025,170 | 3,118,808 | ||||||
| Additions | 176,113 | 283,655 | ||||||
| Foreign exchange movement | 7,182 | 98,474 | ||||||
| Depreciation expense | (592,385) | (456,904) | ||||||
| Disposals | - | (18,863) | ||||||
| Carrying amount at end of period | 2,616,080 | 3,025,170 | ||||||
