| 14. | INVESTMENT IN EQUITY-ACCOUNTED ASSOCIATE |
| | | 30 June
2026
$ | | | 30 June
2025
$ | | Investments in equity accounted associate and joint venture | | | - | | | | 350,068 | | | | | 30 June
2026 | | | 30 June
2025 | | | Percentage held at reporting date – EV Resources (i) | | | 20 | % | | | 20 | % | | | (i) | Investment in Associate The Group holds a 20% interest in EV Resources GmbH, the holder of the Eastern Alps Projects which lies 20km to the east of the Wolfsberg Project. | | b) | Movement in the carrying amount of the equity accounted associates |
| | | 30 June
2026
$ | | | 30 June
2025
$ | | | Balance at beginning of year | | | 350,068 | | | | 343,239 | | | Share of net income/(losses) recognised during the year | | | (70,682 | ) | | | 6,829 | | | Impairment of investment | | | (279,386 | ) | | | - | | | Balance at end of year | | | - | | | | 350,068 | | | c) | Summarised financial information based on unaudited accounts |
EV Resources GmbH | | | 30 June
2026
$ | | | 30 June
2025
$ | | | Current assets | | | 2,546 | | | | 9,054 | | | Non-current assets | | | - | | | | 343,337 | | | Current liabilities | | | (498,656 | ) | | | (458,052 | ) | | Non-current liabilities | | | - | | | | - | | | Equity | | | 496,110 | | | | 105,662 | | EV Resources GmbH has no contingent liabilities, capital commitments or bank guarantees on issue as at 30 June 2026. | | | 30 June
2026
$ | | | 30 June
2025
$ | | | Revenue and other income | | | - | | | | - | | | Depreciation | | | - | | | | - | | | Loss before tax | | | (353,408 | ) | | | 34,145 | | | Income tax expense | | | - | | | | - | | | Loss for the year | | | (353,408 | ) | | | 34,145 | | | Total comprehensive (loss) for the year | | | - | | | | - | | | Group’s share of (loss) for the year | | | (70,682 | ) | | | 6,829 | | The carrying amount of the investments in associates were assessed for impairment at 30 June 2026. As at 30 June 2026, management are of the view that the carrying value of the investment in EV Resources GmbH should be impaired to nil as a result of EV Resources GmbH impairing it’s carrying value of capitalized exploration expenditure to nil at 30 June 2026.
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