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INVENTORIES
6 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 5 - INVENTORIES

 

Inventories are valued at cost, not in excess of market. Inventories are determined at first in first out basis and comprised of production cost, mine site management cost and sub-contractor cost. Inventories, at December 31, 2020 and June 30, 2020 are summarized as follows:

 

 

 

December 31,

2020

 

 

June 30,

2020

 

 

 

(Unaudited)

 

 

 

 

Inventories

 

$

 

 

$

 

 

The inventories represent the gold minerals as at December 31, 2020 and June 30, 2020, which were comprised of 8% share by the Company and 92% share by the sub-contractor and the other parties such as original mine assigner.