Income Tax (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of Income Tax Expense

30 June
2026
$

30 June
2025
$

30 June
2024
$

Major components of income tax expense for the year are:

Income statement

Current income tax charge/(benefit)

Statement of changes in equity

Income tax expense reported in equity

Schedule of Effective Income Tax Rate

A reconciliation of income tax expense/(benefit) applicable to accounting profit/(loss) before income as at the statutory income tax rate to income tax expense/(benefit) at the Group’s effective income tax rate for the year is as follows:

	30 June 2026 $			30 June 2025 $			30 June 2024 $
Loss from ordinary activities before income tax expense		(228,243,769	)		(51,871,823	)		(139,446,204	)
Domestic tax rate for the Company		(57,060,943	)		(12,967,956	)		(34,861,551	)

Tax effect of amounts which are not deductible (taxable) in calculating taxable income:
Non-temporary tax adjustments		48,698,576			9,357,956			-
Non-deductible fair value adjustments on restructure		-						30,745,254
Current year deferred tax assets (non-tax losses) not recognised		8,492,013			3,765,740			4,095,259
Accounting differences between IFRS and Austrian GAAP		(118,312	)		(171,369	)		-
Tax rate differential		(11,334	)		15,629			21,038
		-			-			-

Schedule of Unrecognised Deferred Tax Assets

Unrecognised deferred tax assets have not been recognised in respect of the following items:

	30 June 2026 $			30 June 2025 $		30 June 2024 $
Unrecognised temporary differences
Deferred tax assets at the respective rates of 0%, 21% and 23.0% (2025: 23.0%) as described below
Start-up organisational expenses		23,578,464			23,562,382		14,548,197
Exploration costs deducted for tax purposes		(18,773,790	)		-		-
Property, plant and equipment deducted for tax purposes		(453,825	)		-		-
Unrealised exchange rate positions		(522,296	)		-		-
Carry forward tax losses		79,105,446			29,774,922		23,432,928
		82,933,999			53,337,304		37,981,125

Deferred tax liabilities at the respective rates of 0%, 21% and 23.0% (2025: 23.0%) as described below
Prepayments		-			-		-
Net unrecognised deferred tax asset/(liability)		19,715,881			12,215,209		8,768,199