Note 9. Property, plant and equipment Office equipment $ Computer equipment $ Exploration equipment $ Right of use assets $ Mine infrastructure $ Total $ Carrying amount at 30 June 2022 21,546 188,128 406,464 62,253 – 678,391 Additions 4,356 40,488 168,558 – 386,291 599,693 Disposals – – – – – – Depreciation expensed – (14,371) (26,119) (35,574) – (76,064) Depreciation capitalised as exploration (3,335) (46,280) (80,852) – – (130,467) Effect of movement in foreign exchange 810 5,657 12,896 – – 19,363 Carrying amount at 30 June 2023 23,377 173,622 480,947 26,679 386,291 1,090,916 Additions – 7,159 5,680 88,666 738,126 839,631 Disposals – (1,481) (12,443) – – (13,924) Depreciation expensed – (14,645) (26,119) (37,762) – (78,526) Depreciation capitalised as exploration (3,567) (88,692) (100,400) – – (192,659) Effect of movement in foreign exchange (100) (647) (1,908) – (1,661) (4,316) Balance at 30 June 2024 19,710 75,316 345,757 77,583 1,122,756 1,641,122 As at 30 June 2023 At cost 54,280 330,711 717,134 173,735 386,291 1,662,151 Accumulated depreciation (30,903) (157,089) (236,187) (147,056) – (571,235) 23,377 173,622 480,947 26,679 386,291 1,090,916 As at 30 June 2024 At cost 54,150 335,395 707,849 88,666 1,122,756 2,308,816 Accumulated depreciation (34,440) (260,079) (362,092) (11,083) – (667,694) 19,710 75,316 345,757 77,583 1,122,756 1,641,122 Right of use assets relates to office lease. Note 10. Exploration and evaluation assets 2024 $ 2023 $ Opening balance 68,284,493 42,304,313 Exploration and evaluation expenditure 13,210,485 24,763,456 Impairment expensed (11,446) – Effect of movement in foreign exchange (258,614) 1,216,724 Closing balance 81,224,918 68,284,493 The recovery of the Group’s interest in exploration assets is dependent upon: – the continuance of the Group’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. 47 Sunstone Metals Limited Annual Report 2024
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