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Segmented information
 9 Months Ended
May 31, 2024
Segmented Information  
Segmented information

 

18.Segmented information

 

Operating segments

 

The Company’s Chief Operating Decision Maker, its Chief Executive Officer, reviews the operating results, assesses the performance and makes capital allocation decisions of the Company viewed as a single operating segment engaged in mineral exploration and development in Tanzania. All amounts disclosed in the interim condensed consolidated financial statements represent this single reporting segment. The Company’s corporate division only earns interest revenue that is considered incidental to the activities of the Company and does not meet the definition of an operating segment as defined in IFRS 8, Operating Segments.

 

Geographic segments

 

The Company is in the business of mineral exploration and production in Tanzania. Information regarding the Company’s geographic locations are as follows:

 

 

Three months ended

May 31, 

  

Nine Months Ended

May 31, 

 
Revenue  2024   2023   2024   2023 
Tanzania  $10,148   $9,317   $27,536   $29,133 
Total revenue  $10,148   $9,317   $27,536   $29,133 

 

During the three and nine months ended May 31, 2024, the Company generated 93% and 92%, respectively (2023 – 92% and 95%, respectively) of its revenue from one (2023 – one) customer totalling $9.5 million and $25.4 million, respectively (2023 – $8.6 million and $27.6 million, respectively).

 

        
Non-current assets  May 31, 2024   August 31, 2023 
Canada  $42   $55 
Tanzania   75,797    66,952 
Total non-current assets  $75,839   $67,007