The Company has capitalized acquisition costs on mineral properties as follows:


	June 30, 2025		June 30, 2024
Sleeper and other Nevada based Projects	$	25,701,750	$	25,733,685
Grassy Mountain and other Oregon based Projects		23,435,728		23,335,728
	$	49,137,478	$	49,069,413

Sleeper is located in Humbolt County, Nevada approximately 26 miles northwest of the town of Winnemucca.

For the year-ended June 30, 2025 and 2024, the Company recognized a decrease in the mineral properties for the Sleeper Gold Project due to a change of estimate for its reclamation and environmental obligation in the amount of $81,936 and $2,488,848, respectively (Note 9).

The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho.

During the year ended June 30, 2025, the Company made a payment to Nevada Select Royalty Inc. ("Nevada Select") in the amount of $100,000 (2024 - $50,000). See Note 13 for a description of the Frost Project.

During the year ended June 30, 2025, the Company made a payment to Nevada Select in the amount of $50,000 (2024 - $50,000). See Note 13 for a description of the Bald Peak claims.

The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. For the year ended June 30, 2025 and 2024, no events or changes in circumstance are believed to have impacted recoverability of the Company’s long-lived assets. Accordingly, it was determined that no impairment was necessary.