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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:

 

     
    $ 
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.