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INVESTMENT IN KIRKLAND LAKE DISCOVERIES CORP (Tables)

12 Months Ended

Dec. 31, 2023

INVESTMENT IN KIRKLAND LAKE DISCOVERIES CORP

Schedule of summarised financial information of the company's investment in associates


		December 31, 2023
		$
Summarised Statement of Financial Position
Current assets		4,601,136
Non-current assets		4,583,769
Current liabilities		(322,453)
Non-current liabilities		—
Net Assets		8,862,452
The Company’s ownership interest		32.29	%
Share of Kirkland Lake Discoveries Corp.’s net assets		2,861,250

Summarised Statement of Loss and Comprehensive Loss
Net loss and comprehensive loss for the period		(2,465,518)
Share of Kirkland Lake Discoveries Corp.’s loss for the period from May 25, 2023 to December 31, 2023		(795,995)

Schedule of movement in investment in associates


Net Carrying amount – May 25, 2023		$	4,657,482
Share of loss from operations of associate during the period			(795,995)
Impairment of equity investment			(1,000,237)
Net Carrying amount – December 31, 2023		$	2,861,250