Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligation

Asset Retirement Obligation
12 Months Ended
Apr. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation



In conjunction with various permit approvals permitting the Company to undergo exploration activities at the Copper King project and Keystone project, the Company has recorded an asset retirement obligation based upon the reclamation plans submitted in connection with the various permits.


The following table summarizes activity in the Company’s ARO:


    April 30, 2019     April 30, 2018  
Balance, beginning of year   $ -     $ -  
Addition and changes in estimates     81,885       -  
Accretion expense     6,861       -  
Balance, end of year   $ 88,746     $ -  


For the years ended April 30, 2019 and 2018, accretion expense amounted to $6,861 and $0, respectively.