| Schedule of Changes in Consolidated Financial Statements |
Consolidated Statements of Financial Position | As at September 30, 2024 | | Previously reported | | | Effect of change | | | Restated | | | Mineral property interests | | $ | 12,125,552 | | | $ | (1,366,667 | ) | | $ | 10,758,885 | | | Total assets | | | 15,185,644 | | | | (1,366,667 | ) | | | 13,818,977 | | | Foreign currency reserve | | | (237,224 | ) | | | (195,507 | ) | | | (432,731 | ) | | Deficit | | | (10,111,701 | ) | | | (1,171,160 | ) | | | (11,282,861 | ) | | Total equity | | | 10,945,987 | | | | (1,366,667 | ) | | | 9,579,320 | | | Total liabilities and equity | | $ | 15,185,644 | | | $ | (1,366,667 | ) | | $ | 13,818,977 | | | As at October 1, 2023 | | Previously reported | | | Effect of change | | | Restated | | | Mineral property interests | | $ | 254,571 | | | $ | (210,558 | ) | | $ | 44,013 | | | Total assets | | | 518,541 | | | | (210,558 | ) | | | 307,983 | | | Foreign currency reserve | | | (63,983 | ) | | | 84 | | | | (63,899 | ) | | Deficit | | | (8,303,840 | ) | | | (210,642 | ) | | | (8,514,482 | ) | | Total equity | | | 283,555 | | | | (210,558 | ) | | | 72,997 | | | Total liabilities and equity | | $ | 518,541 | | | $ | (210,558 | ) | | $ | 307,983 | | Consolidated Statements of Net Loss and Comprehensive Loss | For the twelve months ended September 30, 2024 | | Previously reported | | | Effect of change | | | Restated | | | Exploration expenses | | $ | 29,608 | | | $ | 1,402,987 | | | $ | 1,432,595 | | | General and administrative expenses | | | 1,924,208 | | | | (238,597 | ) | | | 1,685,611 | | | Loss from operations | | | 1,953,816 | | | | 1,164,390 | | | | 3,118,206 | | | Write-off of mineral property interests | | | 240,594 | | | | (203,872 | ) | | | 36,722 | | | Net loss | | | 2,124,677 | | | | 960,518 | | | | 3,085,195 | | | Foreign currency translation | | | 173,241 | | | | 195,591 | | | | 368,832 | | | Total comprehensive loss | | | 2,297,918 | | | | 1,156,109 | | | | 3,454,027 | | | Net loss per share attributable to shareholders of the Company - Basic and diluted | | $ | 0.03 | | | $ | 0.02 | | | $ | 0.05 | | Consolidated Statements of Cash Flows | For the twelve months ended September 30, 2024 | | Previously reported | | | Effect of change | | | Restated | | | Net loss for the year | | $ | (2,124,677 | ) | | $ | (960,518 | ) | | $ | (3,085,195 | ) | | Adjustments for: | | | | | | | | | | | | | | Write-off of mineral property interests | | | 240,594 | | | | (203,872 | ) | | | 36,722 | | | Foreign exchange | | | (315,519 | ) | | | 195,591 | | | | (119,928 | ) | | Net changes in non-cash working capital items | | | (73,648 | ) | | | (22,961 | ) | | | (96,609 | ) | | Cash used in operations | | | (1,460,697 | ) | | | (991,760 | ) | | | (2,452,457 | ) | | Mineral property interest | | | (1,224,073 | ) | | | 1,187,351 | | | | (36,722 | ) | | Cash used in investing | | | (8,287,000 | ) | | | 1,187,351 | | | | (7,099,649 | ) | | Effect of exchange rate changes on cash and cash equivalents | | $ | (173,241 | ) | | $ | (195,591 | ) | | $ | (368,832 | ) |
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