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Note 9 - Rehabilitation Provisions

12 Months Ended

Nov. 30, 2024

Disclosure of other provisions, contingent liabilities and contingent assets [text block]

9.	Rehabilitation Provisions

The Whistler Project's exploration activities are subject to State of Alaska laws and regulations governing the protection of the environment. The Whistler Project rehabilitation provision is valued under the following assumptions:

	November 30,			November 30,
	2024			2023
Undiscounted amount of estimated cash flows (US$)		386			386
Life expectancy (years)		9			10
Inflation rate		2.00	%		2.00	%
Discount rate		4.18	%		4.37	%

In July 2017, the Company acquired the Yellowknife Project and assumed a provision for reclamation of $490 related to the restoration of the camp sites. During the year ended November 30, 2024, the rehabilitation provision for the Yellowknife Project was revised higher due to changes in the estimated timing of reclamation activities and updated assumptions regarding reclamation costs. The Yellowknife Project rehabilitation provision is expected to be settled in October 2030 and is valued under the following assumptions:

	November 30,			November 30,
	2024			2023
Undiscounted amount of estimated cash flows (CA$)		591			490
Life expectancy (years)		6			2
Inflation rate		2.46	%		2.37	%
Discount rate		2.93	%		4.20	%

The following table summarizes the movements in the rehabilitation provisions:

	November 30,		November 30,
	2024		2023
	($)		($)
Balance at the beginning of year		888		791
Accretion		37		35
Change in estimate		80		59
Foreign currency translation adjustments		15		3
Total		1,020		888