Note 8 - Commitments and Contingencies	12 Months Ended
Jun. 30, 2018
Notes
Note 8 - Commitments and Contingencies	Note 8 – Commitments and Contingencies Effective June 1, 2017, the Company has a lease agreement for office space at 401 Bay Street, Suite 2702, Toronto, Ontario, Canada, M5H 2Y4. The 5-year lease provides for a monthly base rent of CDN$12,964 for the first two years, increasing to CDN$13,504 per month for years three through five. The Company has signed sub-leases with other companies that cover 69% of the monthly lease amount. Pursuant to its Agreement for the lease and option to purchase the Bunker Assets, the Company made two $500,000 bonus payments to Placer Mining, included in exploration expenses in the consolidated statements of operations and comprehensive loss. The 24-month lease was to commence November 1, 2017 but was deferred to December 1, 2017 and continues until October 31, 2019. The lease period can be extended by a further 12 months at the Company’s discretion. During the term of the lease, the Company must make $100,000 monthly mining lease payments, paid quarterly. The Company has an option to purchase the Bunker Assets at any time before the end of the lease and any extension for a purchase price of $25 million with purchase payments to be made over a ten-year period. Under terms of the agreement, there is a 3% net smelter return royalty (“NSR”) on sales during the Lease and a 1.5% NSR on the sales after the purchase option is exercised, which post-acquisition NSR is capped at $60 million. In addition to the payments to Placer Mining, pursuant to an agreement with the United States Environmental Protection Agency (“EPA”) whereby for so long as Bunker leases, owns and/or occupies the Bunker Hill Mine, the Company will make payments to the EPA on behalf of the current owner in satisfaction of the EPA’s claim for cost recovery. The Company is required to make a $2 million payment on November 1, 2018 and $3 million on each of the next 5 anniversaries with a final $2 million payment on November 1, 2024. In addition to the above payments, the EPA will also be paid $480,000 every six months, with the next payment due March 1, 2019, for as long as Bunker leases, owns, and/or occupies the mine. These payments are for estimated ongoing water treatment costs which the Company agreed to begin payment upon commencement of the mine lease.

Note 8 - Commitments and Contingencies

12 Months Ended

Jun. 30, 2018

Note 8 – Commitments and Contingencies

Effective June 1, 2017, the Company has a lease agreement for office space at 401 Bay Street, Suite 2702, Toronto, Ontario, Canada, M5H 2Y4. The 5-year lease provides for a monthly base rent of CDN$12,964 for the first two years, increasing to CDN$13,504 per month for years three through five. The Company has signed sub-leases with other companies that cover 69% of the monthly lease amount.

Pursuant to its Agreement for the lease and option to purchase the Bunker Assets, the Company made two $500,000 bonus payments to Placer Mining, included in exploration expenses in the consolidated statements of operations and comprehensive loss. The 24-month lease was to commence November 1, 2017 but was deferred to December 1, 2017 and continues until October 31, 2019. The lease period can be extended by a further 12 months at the Company’s discretion. During the term of the lease, the Company must make $100,000 monthly mining lease payments, paid quarterly.

The Company has an option to purchase the Bunker Assets at any time before the end of the lease and any extension for a purchase price of $25 million with purchase payments to be made over a ten-year period. Under terms of the agreement, there is a 3% net smelter return royalty (“NSR”) on sales during the Lease and a 1.5% NSR on the sales after the purchase option is exercised, which post-acquisition NSR is capped at $60 million.

In addition to the payments to Placer Mining, pursuant to an agreement with the United States Environmental Protection Agency (“EPA”) whereby for so long as Bunker leases, owns and/or occupies the Bunker Hill Mine, the Company will make payments to the EPA on behalf of the current owner in satisfaction of the EPA’s claim for cost recovery. The Company is required to make a $2 million payment on November 1, 2018 and $3 million on each of the next 5 anniversaries with a final $2 million payment on November 1, 2024.

In addition to the above payments, the EPA will also be paid $480,000 every six months, with the next payment due March 1, 2019, for as long as Bunker leases, owns, and/or occupies the mine. These payments are for estimated ongoing water treatment costs which the Company agreed to begin payment upon commencement of the mine lease.