PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Apr. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	April 30, 2016						July 31, 2015
			Accumulated		Net Book				Accumulated		Net Book
	Cost		Depreciation		Value		Cost		Depreciation		Value
Hobson Processing Facility	$	6,819,088	$	(773,933)	$	6,045,155	$	6,819,088	$	(773,933)	$	6,045,155
Mining Equipment		2,440,105		(2,202,485)		237,620		2,452,572		(2,019,996)		432,576
Logging Equipment and Vehicles		1,962,895		(1,785,206)		177,689		1,962,895		(1,714,908)		247,987
Computer Equipment		585,434		(549,175)		36,259		615,064		(573,355)		41,709
Furniture and Fixtures		172,215		(167,598)		4,617		182,802		(176,726)		6,076
Land		519,520		-		519,520		175,144		-		175,144
	$	12,499,257	$	(5,478,397)	$	7,020,860	$	12,207,565	$	(5,258,918)	$	6,948,647

During the three and nine months ended April 30, 2016, no uranium concentrate was processed at the Hobson Processing Facility due to the further reduced operations at the Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on the consolidated financial statements for the three and nine months ended April 30, 2016.