Windarra Minerals is engaged in the acquisition and exploration of mineral properties. Co. is in the process of exploring its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. The recoverability of the amounts shown for mineral properties and related deferred exploration costs is dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete the development and upon future profitable production. Co. is considered to be in the exploration stage as it has not yet earned significant revenues.
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