SHARE OPTIONS AND WARRANTS (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
| Notes and other explanatory information [abstract] |
|
| SCHEDULE OF OPTIONS OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE |
SCHEDULE OF OPTIONS OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE
| | |
2026 | | |
2025 | |
| | |
Options | | |
Weighted Average exercise price ($) | | |
Options | | |
Weighted Average exercise price ($) | |
| Outstanding at April 1 | |
| 1,943,903 | | |
| 1.68 | | |
| 2,421,650 | | |
| 3.34 | |
| Granted | |
| 3,395,012 | | |
| 2.25 | | |
| 1,076,017 | | |
| 1.54 | |
| Forfeited | |
| (11,538 | ) | |
| 1.57 | | |
| (1,553,764 | ) | |
| 4.18 | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding at March 31 | |
| 5,327,377 | | |
| 2.04 | | |
| 1,943,903 | | |
| 1.68 | |
| Exercisable at March 31 | |
| 908,813 | | |
| 1.76 | | |
| 396,175 | | |
| 1.87 | |
| | |
2024 | |
| | |
Options | | |
Weighted Average exercise price (cents) | |
| Outstanding at April 1 | |
| 1,696,451 | | |
| 3.85 | |
| Granted | |
| 727,500 | | |
| 1.53 | |
| Forfeited | |
| (2,301 | ) | |
| 2.13 | |
| Exercised | |
| - | | |
| - | |
| Outstanding at March 31 | |
| 2,421,650 | | |
| 3.34 | |
| Exercisable at March 31 | |
| 894,956 | | |
| 4.34 | |
|
| SCHEDULE OF SHARE OPTIONS OUTSTANDING EXPIRY DATES AND EXERCISE PRICES |
Share
options outstanding at the end of the year have the following expiry dates and exercise prices:
SCHEDULE OF SHARE OPTIONS OUTSTANDING EXPIRY DATES AND EXERCISE PRICES
| Grant Date | |
Expiry Date | |
Exercise Price $ | | |
Share Options as at March 31, 2026 | |
| March 14, 2023 | |
March 13, 2027 | |
| 1.85 | | |
| 463,848 | |
| October 20, 2023 | |
October 20, 2033 | |
| 1.57 | | |
| 85,000 | |
| November 24, 2023 | |
November 24,2033 | |
| 1.65 | | |
| 40,000 | |
| March 1, 2024 | |
March 1,2034 | |
| 1,33 | | |
| 20,000 | |
| March 13, 2024 | |
March 13, 2034 | |
| 1.46 | | |
| 252,500 | |
| October 3, 2024 | |
03 Oct 2034 | |
| 1.50 | | |
| 125,000 | |
| January 29, 2025 | |
January 20, 2035 | |
| 1.60 | | |
| 404,517 | |
| March 28, 2025 | |
March 28,2035 | |
| 1.50 | | |
| 541,500 | |
| July 10, 2025 | |
July 10, 2035 | |
| 2.75 | | |
| 545,012 | |
| January 2, 2026 | |
January 2, 2036 | |
| 2.23 | | |
| 2,100,000 | |
| February 10, 2026 | |
February 10, 2036 | |
| 2.75 | | |
| 750,000 | |
| Total | |
| |
| | | |
| 5,327,377 | |
|
| SCHEDULE OF SHARE BASED PAYMENT AWARD MODEL INPUTS OPTIONS GRANTED |
The
model inputs for options granted during the year ended March 31, 2026 valued under the Black Scholes Valuation model are:
SCHEDULE OF SHARE BASED PAYMENT AWARD MODEL INPUTS OPTIONS GRANTED
| | |
Grant Date | |
| | |
February 10, 2026 | | |
January 2, 2026 | | |
January 2, 2026 | | |
July 10, 2025 | | |
July 10, 2025 | |
| | |
| | |
| | |
| | |
| | |
| |
| Grant date share price | |
$ | 1.96 | | |
$ | 2.23 | | |
$ | 2.23 | | |
$ | 2.86 | | |
| $ | | |
| 2.86 | |
| Exercise share price | |
$ | 2.09 | | |
$ | 2.23 | | |
$ | 2.23 | | |
$ | 1.60 | | |
| | | |
$ | 2.75 | |
| Vesting periods | |
| 25% over four years | | |
| 25% over four years | | |
| 1 year performance condition | | |
| 25% over four years | | |
| | | |
| 25% over four years | |
| Risk free rate | |
| 3.58 | % | |
| 3.62 | % | |
| 3.51 | % | |
| 3.85 | % | |
| | | |
| 3.85 | % |
| Expected volatility | |
| 105.2 | % | |
| 107.4 | % | |
| 89.0 | % | |
| 109.3 | % | |
| | | |
| 109.3 | % |
| Option life | |
| 4 years | | |
| 4 years | | |
| 1 years | | |
| 4 years | | |
| | | |
| 4 years | |
The
model inputs for options granted during the year ended March 31, 2025 valued under the Black Scholes Valuation model are:
| | |
March 28, 2025 | |
| Grant date share price | |
$ | 1.50 | |
| Exercise share price | |
$ | 1.50 | |
| Vesting periods | |
| 25 % over 4 years | |
| Risk free rate | |
| 4.36 | % |
| Expected volatility | |
| 108.7 | % |
| Option life | |
| 4 years | |
| | |
January 29, 2025 | | |
January 29, 2025 | | |
January 29, 2025 | | |
January 29,2025 | | |
January 29,2025 | |
| | |
| | |
| | |
| | |
| | |
| |
| Grant date share price | |
$ | 1.07 | | |
$ | 1.07 | | |
$ | 1.07 | | |
$ | 1.07 | | |
$ | 1.07 | |
| Exercise share price | |
$ | 1.60 | | |
$ | 1.60 | | |
$ | 1.60 | | |
$ | 1.60 | | |
$ | 1.60 | |
| Vesting periods | |
| 25% over four years | | |
| 33.3% over three years | | |
| 25% every 3 months | | |
| 33.33% and 66.66% over 1 Year | | |
| Immediately | |
| Risk free rate% | |
| 3.95 | % | |
| 4.06 | % | |
| 4.73 | % | |
| 4.73 | % | |
| 4.473 | % |
| Expected volatility% | |
| 110.6 | % | |
| 110.6 | % | |
| 56-90.1 | % | |
| 90.1-94.3 | % | |
| 110.6 | % |
| Option life | |
| 4 years | | |
| 4 years | | |
| 4 years | | |
| 4 years | | |
| 4 years | |
|
| SCHEDULE OF WARRANTS OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE |
SCHEDULE OF WARRANTS
OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE
| | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
Warrants | | |
Weighted Average exercise price (cents) | | |
Warrants | | |
Weighted Average exercise price (cents) | |
| | |
| | |
| | |
| | |
| |
| Outstanding at April 1 | |
| 563,986 | | |
| 397 | | |
| 563,986 | | |
| 397 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Outstanding at March 31 | |
| 563,986 | | |
| 397 | | |
| 563,986 | | |
| 397 | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable at March 31 | |
| 307,692 | | |
| 397 | | |
| 307,692 | | |
| 397 | |
|