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EXPLORATION AND EVALUATION ASSETS (Tables)

9 Months Ended

Sep. 30, 2025

The exploration and evaluation assets of the Company consist of the acquisition costs of mining assets located in Botswana:

		242,955			9,068		252,023
	Botswana
	Selebi $			Selkirk $		Total $

Balance, December 31, 2023		8,285,523			309,275		8,594,798
Foreign currency translation		242,955			9,068		252,023
Balance, December 31, 2024		8,528,478			318,343		8,846,821
Balance		8,528,478			318,343		8,846,821
Impairment loss - Phikwe South and Southeast Extension		(501,497	)		-		(501,497	)
Foreign currency translation		121,752			4,690		126,442
Balance, September 30, 2025		8,148,733			323,033		8,471,766
Balance		8,148,733			323,033		8,471,766

General Exploration Expenses

Details of the general exploration expenses by nature are presented as follows:

H		1		2		3		4		5		6		7		8
	Three months ended September 30, 2025								Three months ended September 30, 2024
	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
Drilling		1,490,905		818,759		-		2,309,664		2,447,533		-		-		2,447,533
Site operations, administration, & overhead		1,108,662		213,844		107,576		1,430,082		963,676		133,705		32,885		1,130,266
Infrastructure & equipment maintenance		770,407		100,497		-		870,904		1,007,060		-		-		1,007,060
Geology		1,089,997		535,669		-		1,625,666		848,407		314,210		-		1,162,617
Mine development		828,308		-		-		828,308		813,436		-		-		813,436
Electricity		1,557,944		6,945		-		1,564,889		730,320		6,752		-		737,072
Engineering & technical studies		432,178		164,461		-		596,639		265,929		49,555		-		315,484
Geophysics		124,688		148,161		-		272,849		251,156		25,534		-		276,690
Freight, tools, supplies, & other consumables		631,199		27,744		-		658,943		209,849		-		-		209,849
Health & safety		133,997		474		-		134,471		68,303		-		-		68,303
Environmental, social & governance		206,729		-		-		206,729		75,273		-		-		75,273
Share-based compensation		90,841		68,334		-		159,175		307,874		76,969		-		384,843
Total		8,465,855		2,084,888		107,576		10,658,319		7,988,816		606,725		32,885		8,628,426

H		1		2		3		4		5		6		7		8
	Nine months ended September 30, 2025								Nine months ended September 30, 2024
	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
Drilling		5,209,483		1,521,991		-		6,731,474		5,007,436		-		-		5,007,436
Site operations, administration, & overhead		3,402,903		600,316		260,318		4,263,537		3,372,205		338,115		128,600		3,838,920
Infrastructure & equipment maintenance		2,212,685		100,498		-		2,313,183		2,835,796		-		-		2,835,796
Geology		2,109,834		865,740		-		2,975,574		2,337,533		347,507		-		2,685,040
Mine development		2,205,097		-		-		2,205,097		2,176,668		-		-		2,176,668
Electricity		3,287,186		15,597		-		3,302,783		2,103,650		22,079		-		2,125,729
Engineering & technical studies		1,770,926		192,056		-		1,962,982		530,366		173,556		-		703,922
Geophysics		594,456		169,100		-		763,556		747,519		118,372		-		865,891
Freight, tools, supplies, & other consumables		1,153,992		115,345		-		1,269,337		660,362		93		-		660,455
Health & safety		354,612		4,103		-		358,715		179,480		43		-		179,523
Environmental, social & governance		367,508		-		-		367,508		227,286		-		-		227,286
Share-based compensation		411,631		205,815		-		617,446		504,395		126,100		-		630,495
Total		23,080,313		3,790,561		260,318		27,131,192		20,682,696		1,125,865		128,600		21,937,161