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PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

5.PROPERTY, PLANT AND EQUIPMENT

The tables below set out costs and accumulated amortization as at March 31, 2024 and December 31, 2023

Land and

Exploration

Computer

Buildings (ROU

Equipment

Exploration

Furniture and

and

Assets)

(ROU Assets)

Equipment

Fixtures

Generator

Vehicles

software

Total

Cost

$

$

$

$

$

$

$

$

Balance – December 31, 2023

2,909,637

1,023,615

4,202,457

191,899

38,227

398,032

567,407

9,331,274

Additions

—

—

85,096

—

—

—

—

85,096

Foreign currency translation

(33,537)

—

(52,257)

(2,211)

(440)

(4,588)

11,404

(81,629)

Balance – March 31, 2024

2,876,100

1,023,615

4,235,296

189,688

37,787

393,444

578,811

9,334,741

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, 2023

170,256

85,301

307,559

19,079

8,549

106,083

145,948

842,775

Depreciation during the period

26,689

—

262,093

3,441

1,889

24,578

45,538

364,228

Foreign currency translation

(5,708)

—

(7,649)

(219)

(97)

(1,210)

16,287

1,404

Balance – March 31, 2024

191,237

85,301

562,003

22,301

10,341

129,451

207,773

1,208,407

Exploration

Computer

Carrying

Land (ROU

Equipment

Exploration

Furniture and

and

Value

Assets)

(ROU Assets)

Equipment

Fixtures

Generator

Vehicles

Software

Total

Balance – December 31, 2023

2,739,381

938,314

3,894,898

172,820

29,678

291,949

421,459

8,488,499

Balance – March 31, 2024

2,684,863

938,314

3,673,293

167,387

27,446

263,993

371,038

8,126,334


		Land and		Exploration				Furniture						Computer
		Buildings (ROU		Equipment		Exploration		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

Furniture

Computer

Accumulated

Building (ROU

Equipment

Exploration

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

Land

Exploration

Furniture

Computer

(ROU

Equipment

Exploration

and

and

Carrying 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 9) as well as vehicles financed through a local Botswana bank.