Marawa
NORI
TOML
Option
Contract
Agreement
Total
December 31, 2023
$
250
42,701
199
43,150
Termination of Marawa Option Agreement
—
(199)
December 31, 2024
42,951
Changes during the year
December 31, 2025
For the year ended
December 31,
2025
2024
Environmental studies
3,654
3,234
Exploration labor(1)
9,542
9,424
Share-based compensation(1) (Note 18)
15,355
10,451
Mining, technological and process development(2)
7,560
22,392
Prefeasibility studies
1,149
1,120
Sponsorship, training and stakeholder engagement
2,645
3,069
Other
377
953
Exploration and Evaluation Expenses
40,282
50,643
(1)
Reflects underlying project-related work performed by the Company’s personnel.
(2)
Mining, technological and process development include $0.1 million of expenses settled with RSUs in 2025 (2024: $nil) (Note 18).
No definition available.
The tabular disclosure of reconciliation of the Company's exploration licenses.