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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

7.PROPERTY, PLANT AND EQUIPMENT

The tables below set out costs and accumulated amortization as at December 31, 2023 and December 31, 2022.


		Land and		Exploration										Computer
		Buildings (ROU		Equipment		Exploration		Furniture and						and
		Assets)		(ROU Assets)		Equipment		Fixtures		Generator		Vehicles		software		Total
Cost		$		$		$		$		$		$		$		$
Balance – December 31, 2022		3,077,420		—		11,973		126,605		31,381		241,884		1,950		3,491,213
Additions		—		1,023,615		4,190,484		65,998		8,557		187,310		585,561		6,061,525
Foreign currency translation		(167,783)		—		—		(704)		(1,711)		(31,162)		(20,104)		(221,464)
Balance – December 31, 2023		2,909,637		1,023,615		4,202,457		191,899		38,227		398,032		567,407		9,331,274

Land and

Exploration

Computer

Accumulated

Building (ROU

Equipment

Exploration

Furniture and

and

Depreciation

Assets)

(ROU Assets)

Equipment

Fixtures

Generator

Vehicles

software

Total

Balance – December 31, 2022

51,123

—

1,447

1,872

562

39,589

1,950

96,543

Depreciation during the year

119,133

85,301

306,112

14,030

6,212

69,997

143,998

744,783

Foreign currency translation

—

—

—

3,177

1,775

(3,503)

—

1,449

Balance – December 31, 2023

170,256

85,301

307,559

19,079

8,549

106,083

145,948

842,775

Exploration

Computer

Carrying

Land (ROU

Equipment

Exploration

Furniture and

and

Value

Assets)

(ROU Assets)

Equipment

Fixtures

Generator

Vehicles

Software

Total

Balance – December 31, 2022

3,026,297

—

10,526

124,733

30,819

202,295

—

3,394,670

Balance – December 31, 2023

2,739,381

938,314

3,894,898

172,820

29,678

291,949

421,459

8,488,499

Additions to property, plant and equipment during the year ended December 31, 2023 included the purchase of drilling equipment for $1,023,000 through a lease agreement with a drilling company (Note 11) as well as vehicles financed through a local Botswana bank.


		Land and		Furniture								Computer
		Buildings (ROU		and		Exploration						and
		Assets)		Fixtures		Equipment		Generator		Vehicles		software		Total
Cost		$		$		$		$		$		$		$
Balance – December 31, 2021		—		—		—		—		—		—		—
Additions		3,077,420		126,605		11,973		31,381		241,884		1,950		3,491,213
Balance – December 31, 2022		3,077,420		126,605		11,973		31,381		241,884		1,950		3,491,213

Land and

Furniture

Computer

Accumulated

Buildings (ROU

and

Exploration

and

Depreciation

Assets)

Fixtures

Equipment

Generator

Vehicles

software

Total

Balance – December 31, 2021

—

—

—

—

—

—

—

Depreciation during the year

51,123

1,872

1,447

562

39,589

1,950

96,543

Balance – December 31, 2022

51,123

1,872

1,447

562

39,589

1,950

96,543

Furniture

Computer

Buildings (ROU

and

Exploration

and

Carrying Value

Assets)

Fixtures

Equipment

Generator

Vehicles

Software

Total

Balance – December 31, 2021

—

—

—

—

—

—

—

Balance – December 31, 2022

3,026,297

124,733

10,526

30,819

202,295

—

3,394,670