64 2022 ANNUAL REPORT 11 MINE PROPERTIES (cont.) Mine development Asset retirement obligation Mineral rights Total Accumulated depreciation $’000 $’000 $’000 $’000 Balance at 1 July 2021 (27,962) (1,756) (19,883) (49,601) Amortisation (11,487) (1,434) (251) (13,172) Balance at 30 June 2022 (39,449) (3,190) (20,134) (62,773) Balance at 1 July 2020 (207,810) (86) (18,457) (226,353) Amortisation (4,658) (1,756) (1,426) (7,840) Reclassification of rehabilitation asset 184,506 86 - 184,592 Balance at 30 June 2021 (27,962) (1,756) (19,883) (49,601) Carrying amounts At 1 July 2020 27,715 11,242 12,260 51,217 At 30 June 2021 30,982 21,209 10,834 63,025 At 30 June 2022 104,917 15,916 10,583 131,416 12 EXPLORATION AND EVALUATION ASSETS CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Opening balance 37,135 32,361 Exploration and evaluation expenditure incurred in current period 6,520 11,187 Capitalised exploration costs transferred to mine development (refer to note 11) - (2,805) Exploration expenditure transferred to profit or loss (a) (2,522) (3,217) Transferred to assets available for sale - (391) Closing Balance 41,133 37,135 (a) The carrying value of exploration costs totalling $2.522 million were expensed (30 June 2021: $3.217 million). These costs were associated with drilling and studies at the Darlot Gold Mine, where no further work will be performed in that particular area. 13 TRADE AND OTHER PAYABLES CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Current Creditors and accruals 60,069 33,973 Royalties and other indirect taxes 1,663 1,227 Insurance payable - 2,291 Other creditors 2,442 2,296 64,174 39,787 Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.)
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