Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The future minimum lease payments at April 30, 2023 under these mining leases are as follows, each payment to be made in the fourth quarter of the respective fiscal years:

 

         
Fiscal 2024   $ 2,880  
Fiscal 2025     1,920  
Fiscal 2026     1,920  
Fiscal 2027     1,920  
Fiscal 2028     1,920  
Fiscal 2029 and thereafter     9,600  
Total   $ 20,160  
SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS

The annual advance minimum royalty payments at April 30, 2023 under the option agreement are as follows, each payment to be made on the first anniversary of the effective date of this option agreement and continuing until the tenth anniversary:

 

         
Fiscal 2024   $ 25,000  
Fiscal 2025     25,000  
Fiscal 2026     25,000  
Fiscal 2027     25,000  
Fiscal 2028     25,000  
Fiscal 2029 and thereafter     75,000  
Total   $ 200,000