Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 48

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 5
Chunk 48
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 and estimates are based on historical experience, current and future economic conditions, and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results could differ from these judgments and estimates. The more significant areas are as follows:

Going Concern

The assessment of the Company's ability to raise sufficient funds to finance its exploration and administrative expenses involves judgment. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Intangible Exploration and Evaluation Assets

Management is required to assess impairment in respect of intangible exploration and evaluation assets. Note 6 discloses the carrying value of such assets. The triggering events for the potential impairment of exploration and evaluation assets are defined in IFRS 6 Exploration for and Evaluation of Mineral Properties and are as follows:

●   the period for which the entity has the right to explore in the specific area has expired during the period
                       or will expire in the near future, and is not expected to be renewed;                   
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●   substantive expenditure on further exploration for and evaluation of mineral resources in the specific
                                    area is neither budgeted nor planned;                                 
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●                   exploration for and evaluation of mineral resources in the specific area have not led to the discovery                
    of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area;
                                                                     and                                                                  
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●                  sufficient data exists to indicate that, although a development in the specific area is likely to proceed,              
    the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.
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In making the assessment, management is required to make judgments as to the status of each project and its future plans towards finding commercial reserves. The nature of exploration and evaluation activity is such that only a proportion of projects are ultimately successful and accordingly some assets are likely to become impaired in future periods.

F.   Tabular disclosure of contractual obligations
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The following table summarizes the Company’s short-term and long-term obligations as at March 31, 2025:

        Less      1-2     2-3     3-4     4-5       5th       Total
      than one   years   years   years   years      and            
        year                                     subsequent        
                                                 years (1)         
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N/A   N/A        N/A     N/A     N/A