b'CENTAURUS METALS ANNUAL REPORT 2023 Financial Report31 December 2023Note 16.Property, Plant and Equipment 31 December31 December 20232022 $ $At Cost11,215,3439,958,972 Accumulated depreciation(1,420,353)(1,055,016) 9,794,9908,903,956 Movements in Carrying Amounts Movements in the carrying amounts for each class of property, plant and equipment between beginning and end of the current financial year. 31 December31 December 20232022 $ $Plant and Equipment Carrying amount at beginning1,599,340880,659 Additions964,968873,156 Disposals(73,528)(13,284) Depreciation(311,281)(193,126) Effect of movements in exchange rates9,79951,935 Carrying amount at end2,189,2981,599,340 Land and Buildings Carrying amount at beginning6,293,9095,010,056 Additions252,583565,807 Depreciation (34,909)(5,510) Effect of movements in exchange rates622,361723,556 Carrying amount at end7,133,9446,293,909 Right-of-use assets (see also Note 20) Carrying amount at beginning1,010,707113,518 Additions12,5781,219,588 Disposals(125,408)- Depreciation(485,942)(327,768) Effect of movements in exchange rates 59,8135,369 Carrying amount at end471,7481,010,707 Total9,794,9908,903,956 Note 17.Exploration and Evaluation Assets 31 December31 December 20232022 $ $ Opening net book value13,006,30412,048,261 Additions59,26366,466 Disposal(40,000)- Effect of movements in exchange rate645,309891,577 13,670,87613,006,304 Theultimaterecoupmentofexplorationandevaluationexpenditurecarriedforwardisdependentonsuccessful development and commercial exploitation or, alternatively, sale of the respective project areas. Page 42 of 54 68 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 69'