XML 85 R64.htm IDEA: XBRL DOCUMENT v3.24.1
Financial Risk Review (Tables)
12 Months Ended
Dec. 31, 2023
Financial Risk Review [Abstract]  
Schedule of Carrying Amount of Financial Assets Represents the Maximum Credit Exposure The carrying amount of financial assets represents the maximum credit exposure and at the reporting date was:
   December 31,   December 31, 
   2023   2022 
   $   $ 
Cash and cash equivalents   49,391,627    20,535,210 
Subscription receivable   
-
    50,000,000 
Other receivables   696,968    158,231 
Receivables from affiliated entities   1,433,243    959,935 
Related party receivables   75,000    655,683 
    51,596,838    72,309,059 
Schedule of Credit Risk Exposure Set out below is the information about the credit risk exposure of the Lifezone’s financial assets as at December 31, 2023, and 2022:
       Days past due         
   Current   31-60   61-90   91-120   >120   Impairment   Total 
At December 31, 2023                            
Cash and cash equivalent   49,391,627    
-
    
       -
    
        -
    
       -
    
         -
    49,391,627 
Other receivables   98,836    598,132    
-
    
-
    
-
    
-
    696,968 
Receivable from affiliated entities   1,433,243    
-
    
-
    
-
    
-
    
-
    1,433,243 
Related party receivables   75,000    
-
    
-
    
-
    
-
    
-
    75,000 
    50,998,706    598,132    
-
    
-
    
-
    
-
    51,596,838 
       Days past due         
   Current   31-60   61-90   91-120   >120   Impairment   Total 
At December 31, 2022                            
Cash and cash equivalent   20,535,210    
-
    
        -
    
-
    
-
    
          -
    20,535,210 
Subscription receivable   50,000,000    
-
    
-
    
-
    
-
    
-
    50,000,000 
Other receivables   79,648    66,861    
-
    11,722    
-
    
-
    158,231 
Receivable from affiliated entities   748,836    
-
    
-
    
-
    211,099    
-
    959,935 
Related party receivables   655,683    
-
    
-
    
-
    
-
    
-
    655,683 
    72,019,377    66,861    
-
    11,722    211,099    
-
    72,309,059 

 

Schedule of Liquidity Risk Lifezone expects to fund its capital requirements and ongoing operations through current cash reserves, equity, mezzanine, debt funding or monetizing the offtake from the Kabanga Nickel Project.
   December 31,   December 31, 
   2023   2022 
   $   $ 
<=30 days   7,667,147    16,029,218 
30-60 days   104,240    
-
 
61-90 days   156,360    23,018 
91-120 days   208,480    
-
 
>=121 days   5,392,901    4,691,328 
Total   13,529,128    20,743,564 
Schedule of Financial Instruments The following table includes financial instruments which are denominated in foreign currencies:
   December 31,   December 31, 
   2023   2022 
   GBP £   GBP £ 
Cash in banks   620,208    359,021 
Prepaid expenses   134,828    
-
 
Trade and other payables   489,117    77,301 
   AUD   AUD 
Cash in banks   2,587,533    1,456,988 
Trade receivables   112,069    
-
 
Prepaid expenses   238,181    
-
 
Trade and other payables   743,959    919,785 
   EUR   EUR 
Cash in banks   133,685    
-
 
   TZS   TZS 
Cash in banks   1,259,494,294    600,859,075 
   ZAR   ZAR 
Cash in banks   937,684    
-
 

 

Schedule of Demonstrates the Estimated Sensitivity Lifezone’s exposure to foreign currency changes for all other currencies is not considered material.
Effect on Profit  December 31,   December 31, 
   2023   2022 
Change in GBP Rate        
10%   79,202    43,204 
-10%   (79,202)   43,204 
Change in AUD Rate          
10%   (176,987)   (97,851)
-10%   176,987    97,851 
Change in EUR Rate          
10%   14,848    
-
 
-10%   (14,858)   
-
 
Change in TZS Rate          
10%   (50,079)   (25,744)
-10%   50,079    25,744 
Change in ZAR Rate          
10%   (5,058)   
-
 
-10%   5,058    
-