Westgold Resources Limited Annual Report 2021

80 Westgold Resources Limited Annual Report 2021 for the year ended 30 June 2021 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 17. MINE PROPERTIES AND DEVELOPMENT (CONTINUED) 2021 2020 Mine properties At 1 July net of accumulated amortisation 188,949,938 117,840,138 Additions 92,956,156 58,293,797 Transfer from capital work in progress (refer to Note 16) 1,687,813 2,179,429 Transfer from mine capital development 1,851,824 726,071 Transfer from exploration (refer to Note 18) 1,051,234 18,510,592 (Decrease) Increase in rehabilitation provision (2,157,420) 6,714,063 Amortisation charge for the year (12,215,203) (15,314,152) At 30 June net of accumulated amortisation 272,124,342 188,949,938 Mine capital development At 1 July net of accumulated amortisation 109,563,191 99,610,277 Additions 89,439,356 74,615,330 Transfer from capital work in progress (refer to Note 16) 1,158,434 1,314,436 Transfer from exploration (refer to Note 18) 2,248,251 5,556,265 Transfer to capital development (1,851,824) (726,071) Amortisation charge for the year (65,345,830) (70,807,046) At 30 June net of accumulated amortisation 135,211,578 109,563,191 18. EXPLORATION AND EVALUATION EXPENDITURE Exploration and evaluation costs carried forward in respect of mining areas of interest 2021 2020 Pre-production areas At cost less expenditure written off 89,738,936 78,874,701 Net carrying amount 89,738,936 78,874,701 Movement in deferred exploration and evaluation expenditure At 1 July net of accumulated impairment 78,874,701 104,276,449 Additions 14,249,778 15,151,294 Disposal of subsidiary – (16,129,868) Transferred to mine properties (refer to Note 17) (1,051,234) (18,510,592) Transferred to mine capital development (refer to note 17) (2,248,251) (5,556,265) Expenditure written off - continuing operations (86,058) (356,317) At 30 June net of accumulated impairment 89,738,936 78,874,701