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PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2023
Disclosure of detailed information about property, plant and equipment [abstract]  
PROPERTY, PLANT AND EQUIPMENT

6. PROPERTY, PLANT AND EQUIPMENT

 

The table below sets out costs and accumulated amortization as at September 30, 2023.

   

Cost

  Land (ROU Assets)   Buildings (ROU Assets)   Furniture and Fixtures   Exploration Equipment   Generator   Vehicles   Computer and software   Total 
Balance – December 31, 2022   220,242    2,857,179    126,605    11,973    31,381    241,884    1,950    3,491,214 
Additions   -    -    67,551    2,735,000    -    85,365    -    2,887,916 
Impact of FX translation   (13,482)   (171,900)   (5,425)   -    (1,921)   (22,322)   -    (215,050)
Balance – September 30, 2023   206,760    2,685,279    188,731    2,746,973    29,460    304,927    1,950    6,164,080 

 

Accumulated Depreciation  Land (ROU Assets)   Buildings (ROU Assets)   Furniture and Fixtures   Exploration Equipment   Generator   Vehicles   Computer and software   Total 
Balance – December 31, 2022   -    51,124    1,872    1,447    562    39,589    1,950    96,544 
Depreciation during the period   -    91,865    -    137,838    441    44,449    -    274,593 
Balance – September 30, 2023   -    142,989    1,872    139,285    1,003    84,038    1,950    371,137 

 

Carrying Value  Land (ROU Assets)   Buildings (ROU Assets)   Furniture and Fixtures   Exploration Equipment   Generator   Vehicles   Computer and Software   Total 
Balance – December 31, 2022   220,242    2,806,055    124,733    10,526    30,819    202,295           -    3,394,670 
Balance – September 30, 2023   206,760    2,542,290    186,859    2,607,688    28,457    220,889    -    5,792,943 

 

Additions to property, plant and equipment during the period ended September 30, 2023 included the purchase of drilling equipment through a lease agreement with a drilling company (note 10) as well as vehicles financed through a local Botswana bank.

 

 

 

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and nine months ended September 30, 2023

(Expressed in Canadian dollars)