Note 10. Exploration and evaluation assets 2022 $ 2021 $ At Cost - less amounts written off 42,304,313 19,950,190 Balance at 1 July 19,950,190 16,972,821 Exploration and evaluation expenditure 21,913,115 6,447,590 Impairment recognised – (410,928) Uplift on acquisition of subsidiary 1,386 – Effect of movement in foreign exchange 1,237,844 (902,879) Disposal of subsidiary (798,222) (2,156,415) Balance at 30 June 42,304,313 19,950,190 The recovery of the Group’s interest in exploration assets is dependent upon: – the continuance of the Company’s rights to tenure of the areas of interest; – the results of future exploration; and – the recoupment of costs through successful development and exploitation of the areas of interest, or alternatively, by their sale. Refer to Notes 8 and 24 for further details relating to the disposal of subsidiary. Note 11. Trade and other payables 2022 $ 2021 $ Trade payables 1,518,022 133,742 Sundry payables and accrued expenses 16,151 61,278 1,534,173 195,020 Note 12. Provisions 2022 $ 2021 $ Current Employee leave liabilities 554,891 284,288 Non-current Employee leave liabilities 282,500 208,793 Notes to the Financial Statements for the year ended 30 June 2022 46 Sunstone Metals Limited Annual Report 2022 SUNSTONE METALS LIMITED ANNUAL REPORT 2022
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