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Decommissioning Provision | 6 Months Ended
--- | ---
Dec. 31, 2021
Decommissioning Provision |
Decommissioning Provision | 10. Decommissioning Provision The following table presents the continuity of the decommissioning provision associated with the Company’s pilot plant:
Disclosure detail information about decommissioning provision |  |  |  |
|  |  | $ |
Beginning balance at June 30, 2019 |  |  | - |
Initial recognition |  |  | 136,280 |
Balance at June 30, 2020 |  |  | 136,280 |
Effect of movement in foreign exchange rates |  |  | (12,340 | )
Balance at June 30, 2021 |  |  | 123,940 |
Effect of movement in foreign exchange rates |  |  | 2,840 |
Balance at December 31, 2021 |  |  | 126,780 |
The present value of the decommissioning provision of $126,780 (US$100,000) was calculated using an average risk-free rate of 0.25%. Decommissioning activities are expected to occur between 2023 and 2025.

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