Property and equipment together with their estimated useful lives (TABLE)
12 Months Ended
Sep. 30, 2016
Property and equipment together with their estimated useful lives  
Property and equipment together with their estimated useful lives

Major classes of property and equipment together with their estimated useful lives, consisted of the following at September 30, 2016 and 2015:

 

 

 

Useful

 

September 30,

 

 

Lives

 

2016

 

2015

 

 

 

 

 

 

 

Computers and office equipment

 

 

3 years

 

 

$

8,486

 

 

$

8,486

 

Automotive equipment

 

 

5 years

 

 

 

15,042

 

 

 

15,042

 

Mine equipment

 

 

3-10 years

 

 

 

532,285

 

 

 

537,803

 

Equipment structures and other

 

 

7-10 years

 

 

 

73,979

 

 

 

73,979

 

Lab and equipment

 

 

5 years

 

 

 

60,612

 

 

 

 

Permits

 

 

15 years

 

 

 

16,227

 

 

 

16,227

 

 

 

 

 

 

 

 

706,631

 

 

 

651,537

 

Less: accumulated depreciation

 

 

 

 

 

 

(128,748

)

 

 

(63,470

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net property and equipment

 

 

 

 

 

$

577,883

 

 

$

588,067