Note 10. Exploration and evaluation assets 2023 $ 2022 $ At Cost - less amounts written off 68,284,493 42,304,313 Balance at 1 July 42,304,313 19,950,190 Exploration and evaluation expenditure 24,763,456 21,913,115 Uplift on acquisition of subsidiary – 1,386 Effect of movement in foreign exchange 1,216,724 1,237,844 Disposal of subsidiary – (798,222) Balance at 30 June 68,284,493 42,304,313 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. Note 11. Trade and other payables 2023 $ 2022 $ Trade payables 910,161 1,518,022 Sundry payables and accrued expenses 45,975 16,151 956,136 1,534,173 Note 12. Provisions 2023 $ 2022 $ Current Employee leave liabilities 579,728 554,891 Non-current Employee leave liabilities 338,774 282,500 Notes to the Financial Statements for the year ended 30 June 2023 48 Sunstone Metals Limited Annual Report 2023
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