v3.26.1
Operating segments
 6 Months Ended
Dec. 31, 2025
Operating segments [Abstract]  
Operating segments
Note 2. Operating segments


2.1 Operating Segments

An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses; including revenues and expenses that relate to transactions with any of the Group's other components. An operating segment's operating results are reviewed regularly by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Managing Director is considered to be the CODM and is empowered by the Board to allocate resources and assess the performance of the Group.



Segment results that are reported to the CODM include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.


Description of segments

The Company operates predominantly as a mineral exploration and development company. The operating segments are based on the reports reviewed by the Managing Director for assessing performance and determining the allocation of resources and strategic decision making within the Group.

North America
Represents activity in the US primarily in relation to Rhyolite Ridge and the Reno office.
Australia
Represents head office expenditure, including ASX listing costs, employee benefits, exchange gains and losses and corporate assets (predominantly cash).



North
America
  
North
America
  
Australia
  
Australia
  
Total
  
Total
  
 
6 months
ended
  
12 months
ended
  
6 months
ended
  
12 months
ended
  
6 months
ended
  
12 months
ended
  

31-Dec-25
  
30-Jun-25
  
31-Dec-25
  
30-Jun-25
  
31-Dec-25
  
30-Jun-25
  
                         
Exploration and evaluation expenditure - non-core
    
-
      
(37
)
    
-
      
-
      
-
      
(37
)
Other expenses
     (741 )     (1,899 )     (904 )     (1,888 )     (1,645 )     (3,787 )
Reportable segment profit/loss
    
(741
)
    
(1,936
)
    
(904
)
    
(1,888
)
    
(1,645
)
    
(3,824
)
                                                 
Employee benefits and other expenses
     (964 )     (2,680 )     (1,757 )     (3,692 )     (2,721 )     (6,372 )
Net financing (expense)/income
    
(1,996
)
    
(3,173
)
    
2,292
      
3,815
      
296
      
642
  
                                                 
Loss before income tax
    
(3,701
)
    
(7,789
)
    
(369
)
    
(1,765
)
    
(4,070
)
    
(9,554
)
                                                 
Segment assets
                                    
Exploration assets
    
209,009
      
203,110
      
-
      
-
      
209,009
      
203,110
  
Other assets
    
12,683
      
9,443
      
10,851
      
20,988
      
23,534
      
30,431
  
Total assets
    
221,692
      
212,553
      
10,851
      
20,988
      
232,543
      
233,541
  
                                                 
Segment liabilities
                                                
Payables
    
(1,416
)
    
(2,124
)
    
(421
)
    
(390
)
    
(1,837
)
    
(2,514
)
Provisions
    
(105
)
    
(165
)
    
(198
)
    
(297
)
    
(303
)
    
(462
)
Total current liabilities
    
(1,521
)
    
(2,289
)
    
(619
)
    
(687
)
    
(2,140
)
    
(2,976
)
                                                 
Payables
    
(107
)
    
(267
)
    
(77
)
    
-
      
(184
)
    
(267
)
Total non-current liabilities
    
(107
)
    
(267
)
    
(77
)
    
-
      
(184
)
    
(267
)
                                                 
Net assets
    
220,064
      
209,997
      
10,155
      
20,301
      
230,219
      
230,298
  


Major customers

This Company has no major customers and nil revenues (30 June 2025: nil)