| PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT | | | | | | | | | | | | | | | | | | | | | | | Plant and equipment | | Right-of-use assets | | Total | | | US$ | | US$ | | US$ | | 2026 | | | | | | | | Carrying amount at June 30, 2025 | | 21,445,038 | | | 3,752,600 | | | 25,197,638 | | | Additions | | 20,813,687 | | | 1,982,560 | | | 22,796,247 | | Disposals(1) | | (3,758,805) | | | - | | | (3,758,805) | | | | | | | | | | Depreciation | | (2,278,003) | | | (771,147) | | | (3,049,150) | | Carrying amount at June 30, 2026(2) | | 36,221,917 | | | 4,964,013 | | | 41,185,930 | | | - at cost | | 40,072,636 | | | 6,361,118 | | | 46,433,754 | | - accumulated depreciation and impairment | | (3,850,719) | | | (1,397,105) | | | (5,247,824) | | Notes: (1) During the twelve months ended June 30, 2026, proceeds of $1,903,700 were received, with the outstanding balance recorded as a current receivable. (2) During the twelve months ended June 30, 2026, a non-cash reclassification of approximately $667,000 related to an equipment lease that was finalized during the year. The fully amortized leased asset was transferred to property, plant and equipment, resulting in an increase to gross cost and accumulated depreciation with no corresponding impact on net property, plant and equipment. | | 2025 | | | | | | | | Carrying amount at June 30, 2024 | | 6,188,697 | | | 1,585,115 | | | 7,773,812 | | | Additions | | 15,996,078 | | | 2,961,466 | | | 18,957,544 | | | Disposals | | (23,590) | | | - | | | (23,590) | | | | | | | | | Depreciation | | (716,147) | | | (793,981) | | | (1,510,128) | | | Carrying amount at June 30, 2025 | | 21,445,038 | | | 3,752,600 | | | 25,197,638 | | | - at cost | | 22,350,584 | | | 5,444,538 | | | 27,795,122 | | - accumulated depreciation and impairment | | (905,546) | | | (1,691,938) | | | (2,597,484) | | | | | | | | | | 2024 | | | | | | | | Carrying amount at June 30, 2023 | | 2,822,765 | | | 1,167,018 | | | 3,989,783 | | | Additions | | 5,745,871 | | | 939,196 | | | 6,685,067 | | | Disposals | | (2,056,437) | | | - | | | (2,056,437) | | | Impairment | | (198,750) | | | - | | | (198,750) | | Depreciation | | (124,752) | | | (521,099) | | | (645,851) | | | Carrying amount at June 30, 2024 | | 6,188,697 | | | 1,585,115 | | | 7,773,812 | | | - at cost | | 6,508,437 | | | 2,483,072 | | | 8,991,509 | | - accumulated depreciation and impairment | | (319,740) | | | (897,957) | | | (1,217,697) | |
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