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Consolidated Balance Sheets - USD ($) | Mar. 31, 2016 | Jun. 30, 2015
--- | --- | ---
CURRENT ASSETS: |  |
Cash | $ 1,346,337 | $ 1,947,046
Prepaid Expense, Current | 86,475 | 67,384
Total current assets | 1,432,812 | 2,014,430
PROPERTY AND EQUIPMENT: |  |
Equity Method Investments | 0 | 0
OTHER ASSETS: |  |
Other Assets, Noncurrent | 0 | 0
TOTAL ASSETS | 1,432,812 | 2,014,430
CURRENT LIABILITIES: |  |
Accounts Payable, Current | 19,646 | 24,876
Accrued Liabilities, Current | 14,171 | 78,104
Total current liabilities | 33,817 | 102,980
SHAREHOLDERS' EQUITY: |  |
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,958,540 shares issued and outstanding at March 31, 2016; 3,876,206 shares issued and outstanding at June 30, 2015 | 39,585 | 38,762
Additional Paid in Capital, Common Stock | 33,364,667 | 32,928,038
Accumulated deficit during exploration stage | (32,005,257) | (31,055,350)
SHAREHOLDERS’ EQUITY | 1,398,995 | 1,911,450
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 1,432,812 | $ 2,014,430

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