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Consolidated Statements of Operations - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
EXPENSES:
Claim rentals and minimum royalties	$ 0	$ 14,425
General and administrative expenses	955,650	436,067
Total expenses	955,650	450,492
Income (Loss) from Equity Method Investments	0	0
NET LOSS	$ 955,650	$ 450,492
LOSS PER SHARE
Earnings Per Share, Basic and Diluted	$ (0.24)	$ (0.12)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic and Diluted	3,993,766	3,880,210

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- Definition

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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