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Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
EXPENSES:
Claim rentals and minimum royalties	$ 0	$ 40,389	$ 14,425	$ 120,625
Exploration Expense, Mining	0	140,402	0	354,902
General and administrative expenses	181,257	752,369	935,482	2,156,053
Expense reimbursement	0	750,000
Total expenses	181,257	183,160	949,907	1,881,580
Income (Loss) from Equity Method Investments	0		0	(163,026)
NET LOSS	$ 181,257	$ 346,186	$ 949,907	$ 2,044,606
LOSS PER SHARE
Earnings Per Share, Basic and Diluted	$ (0.05)	$ (0.09)	$ (0.24)	$ (0.53)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic and Diluted	3,957,640	3,873,506	3,918,430	3,832,206

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The costs incurred to retain exploration and property rights after acquisition but before production has occurred. Costs include legal costs for title defense, ad valorem taxes on nonproducing mineral properties, shut-in royalties, and delay rentals.

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Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.

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