Note 10. Exploration and evaluation assets 2025 $ 2024 $ Opening balance 81,224,918 68,284,493 Exploration and evaluation expenditure 7,919,713 13,210,485 Impairment expensed – (11,446) Effect of movement in foreign exchange 1,179,023 (258,614) Closing balance 90,323,654 81,224,918 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. Note 11. Trade and other payables 2025 $ 2024 $ Trade payables 285,412 452,316 Sundry payables and accrued expenses 56,673 52,930 Total trade and other payables 342,085 505,246 Note 12. Provisions 2025 $ 2024 $ Current Employee provisions 489,881 776,719 Other provisions – 579,752 489,881 1,356,471 Non-current Employee provisions 103,540 131,614 Note 13. Contributed equity (a) Movements in ordinary share capital Number of shares Issue price $ $ Balance at 30 June 2023 3,081,984,879 123,028,466 Dec 23 Share placement 405,750,000 0.012 4,869,000 Feb 24 Share placement – Director allocation 12,916,667 0.012 155,000 May 24 Share placement 170,181,818 0.011 1,872,000 May 24 Non-renounceable rights issue 167,433,908 0.011 1,841,776 Share issue costs (456,099) Balance at 30 June 2024 3,838,267,272 131,310,143 53 Sunstone Metals Limited Annual Report 2025
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