MINERAL RIGHTS AND PROPERTIES (Tables)

9 Months Ended

Apr. 30, 2017

Mineral rights and property acquisition costs consisted of the following:

	April 30, 2017		July 31, 2016
Mineral Rights and Properties
Palangana Mine	$	6,443,028	$	6,443,028
Goliad Project		8,689,127		8,689,127
Burke Hollow Project		1,495,750		1,495,750
Longhorn Project		116,870		116,870
Salvo Project		14,905		14,905
Nichols Project		-		154,774
Anderson Project		9,154,268		9,154,268
Workman Creek Project		1,520,680		1,472,008
Los Cuatros Project		257,250		257,250
Slick Rock Project		615,650		615,650
Yuty Project		11,947,144		11,947,144
Oviedo Project		1,133,412		1,133,412
Other Property Acquisitions		91,080		234,248
		41,479,164		41,728,434
Accumulated Depletion		(3,929,884)		(3,929,884)
		37,549,280		37,798,550

Databases		2,410,038		2,410,038
Accumulated Amortization		(2,388,947)		(2,364,019)
		21,091		46,019

Land Use Agreements		404,310		404,310
Accumulated Amortization		(305,249)		(274,928)
		99,061		129,382
	$	37,669,432	$	37,973,951

Mineral property expenditures incurred by major projects were as follows:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Mineral Property Expenditures
Palangana Mine	$	239,781	$	280,345	$	625,430	$	1,031,625
Goliad Project		40,295		26,848		90,174		71,679
Burke Hollow Project		288,742		48,409		439,058		974,661
Longhorn Project		23,724		247		24,777		4,620
Salvo Project		6,701		4,622		21,710		21,697
Anderson Project		30,489		3,564		45,993		170,780
Workman Creek Project		7,673		418		23,593		32,109
Slick Rock Project		12,207		-		36,759		53,861
Yuty Project		91,175		89,246		282,887		291,788
Oviedo Project		58,054		136,031		273,124		422,763
Alto Parana Project		95,460		-		618,093		-
Other Mineral Property Expenditures		104,940		136,238		475,207		517,611
Revaluation of Asset Retirement Obligations		-		-		-		(184,381)
	$	999,241	$	725,968	$	2,956,805	$	3,408,813