Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost can be measured reliably.
The carrying amount of a replaced asset is derecognized when replaced.
The major categories of property, plant and equipment are depreciated on a straight-line basis as follows:
| Computer, Office Equipment and Furniture | | 5 years |
| Mining Equipment | | 5 years |
| Site Motor Vehicles | | 10 years |
| Leasehold Improvements | | remaining lease term |
Impairment losses are included as part of other gains and losses on the consolidated statements of operations and net loss.
