RYMM Royal Mines and Minerals Corp (CE)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2015

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

COMMISSION FILE NUMBER 000-52391

ROYAL MINES AND MINERALS CORP.
(Exact name of registrant as specified in its charter)

NEVADA	20-4178322
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2580 Anthem Village Dr.
Henderson, NV	89052
(Address of principal executive offices)	(Zip code)

(702) 588-5973
(Registrant's telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X]      No [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (s. 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes [X]      No [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [   ]	Accelerated filer [   ]
Non-accelerated filer [   ] (Do not check if a smaller reporting company)	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [   ]      No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:
As of December 15, 2015, the Registrant had 228,793,634 shares of common stock outstanding.

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PART I - FINANCIAL INFORMATION

ITEM 1.                FINANCIAL STATEMENTS.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three and six months ended October 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016.

As used in this Quarterly Report, the terms “we,” “us,” “our,” “Royal Mines,” and the “Company” mean Royal Mines And Minerals Corp. and its subsidiaries, unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated.

2

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ROYAL MINES AND MINERALS CORP.

CONDENSED BALANCE SHEETS

		October 31, 2015			April 30, 2015
		(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	10,086		$	10,860
Other current assets		-			1,037
Total current assets		10,086			11,897
Non-current assets
Investment in marketable securities		243,613			272,000
Property and equipment, net		131,941			166,824
Other assets		7,655			7,655
Total non-current assets		383,209			446,479
Total assets	$	393,295		$	458,376
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	282,005		$	254,938
Accounts payable - related parties		308,199			266,734
Accrued interest		80,191			70,762
Accrued interest - related parties		168,468			141,935
Loans payable		248,030			248,030
Loans payable - related parties		628,000			373,000
Notes payable		50,000			50,000
Deferred rent		4,620			8,345
Total current liabilities		1,769,513			1,413,744
Deferred rent		-			4,173
Total non-current liabilities		-			4,173
Total liabilities		1,769,513			1,417,917
Commitments and contingencies
Stockholders' deficit
Preferred stock, $0.001 par value; 100,000,000 shares         authorized, zero shares issued and outstanding		-			-
Common stock, $0.001 par value; 900,000,000 shares          authorized, 228,793,634 shares issued and outstanding		228,794			228,794
Additional paid-in capital		16,400,725			16,400,725
Subscriptions payable		10,000			10,000
Accumulated deficit during exploration stage		(18,015,737	)		(17,599,060	)
Total stockholders' deficit		(1,376,218	)		(959,541	)
Total liabilities and stockholders' deficit	$	393,295		$	458,376

See accompanying notes to these condensed unaudited financial statements.
F-1

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ROYAL MINES AND MINERALS CORP.
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(UNAUDITED)

		For the Three Months Ended October 31,						For the Six Months Ended October 31,
		2015			2014			2015			2014
Revenue	$	-		$	-		$	-		$	-
Operating expenses:
Mineral exploration and evaluation expenses		77,614			109,565			156,645			214,606
Mineral exploration and evaluation expenses - related parties		15,000			15,000			30,000			30,000
General and administrative		20,358			33,825			55,156			80,473
General and administrative - related parties		36,000			36,000			71,000			72,000
Depreciation and amortization		17,441			18,740			34,883			39,732
Other than temporary loss on marketable securities		2,893			-			28,387			-
Loss on legal settlement		-			19,142			-			19,142
Bad debt expense		-			-			1,037			-
Total operating expenses		169,306			232,272			377,108			455,953
Loss from operations		(169,306	)		(232,272	)		(377,108	)		(455,953	)
Other expense:
Interest expense		(21,167	)		(16,361	)		(39,569	)		(30,753	)
Total other expense		(21,167	)		(16,361	)		(39,569	)		(30,753	)
Net loss	$	(190,473	)	$	(248,633	)	$	(416,677	)	$	(486,706	)
Other comprehensive loss:
Unrealized loss on marketable securities		-			(540,000	)		-			(120,000	)
Comprehensive loss	$	(190,473	)	$	(788,633	)	$	(416,677	)	$	(606,706	)
Net loss per common share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding - basic and diluted		228,793,634			220,519,614			228,793,634			216,666,377

See accompanying notes to these condensed unaudited financial statements.
F-2

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ROYAL MINES AND MINERALS CORP.
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)

		For the Six Months Ended October 31,
		2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(416,677	)	$	(486,706	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		34,883			39,732
Allowance for bad debt		1,037			-
Other than temporary loss on marketable securities		28,387			-
Changes in operating assets and liabilities:
Prepaid expenses		-			7,500
Other assets		-			8,307
Accounts payable		27,067			52,356
Accounts payable - related parties		41,465			31,917
Other current liabilities		-			(2,540	)
Accrued interest		9,429			15,213
Accrued interest - related parties		26,533			12,841
Deferred rent		(7,898	)		(5,399	)
Net cash used in operating activities		(255,774	)		(326,779	)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from contribution on Scottsdale facility		-			165,000
Proceeds from borrowings		-			10,000
Proceeds from borrowings - related parties		255,000			92,000
Net cash provided by financing activities		255,000			267,000
NET CHANGE IN CASH		(774	)		(59,779	)
CASH AT BEGINNING OF PERIOD		10,860			67,991
CASH AT END OF PERIOD	$	10,086		$	8,212
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	$	326		$	608
Income taxes paid	$	-		$	-
NON-CASH INVESTING AND FINANCING ACTIVITIES
Acquisition of intellectual property for stock	$	-		$	159,610
Stock issued in satisfaction of loans payable - related party	$	-		$	48,000
Unrealized gain on marketable securities	$	-		$	120,000

See accompanying notes to these condensed unaudited financial statements.
F-3

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

1.	DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
	Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.
	The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the six months ended July 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016.
	Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.
	History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.
	On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).
	On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.
	Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.
	As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.

F-4

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management. If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty.

As of October 31, 2015, the Company had cumulative net losses of $18,027,350 from operations since inception and had negative working capital of $1,759,427. For the six months ended October 31, 2015, the Company incurred a net loss of $428,290 and had net cash used in operating activities of $255,774. For the six months ended October 31, 2014 the Company incurred a net loss of $486,706 and had net cash used in operating activities of $326,779. The Company has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern.

To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.

Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates.

Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.

Other Current Assets - Other current assets are comprised of other receivables, which do not bear interest and are recorded at cost. The Company extends credit to its consultants, which receivables can be offset against commissions payable to the respective consultants.

The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of October 31, 2015 and April 30, 2015, the Company has recorded an allowance for doubtful account of $15,798 and $14,761, respectively.

F-5

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

Fair Value - ASC 825, Financial Instruments requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of October 31, 2015 and April 30, 2015 as follows:

Fair Value Measurements at October 31, 2015 Using:

	Assets:		Total Carrying			Quoted Marked			Significant Other			Significant
			Value as of			Prices in Active			Observable Inputs			Unobservable
			10/31/2015			Markets (Level 1)			(Level 2)			Inputs (Level 3)
	Investments in marketable securities	$	243,613		$	-		$	243,613		$	-
	Total	$	243,613		$	-		$	243,613		$	-

F-6

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

Fair Value Measurements at April 30, 2015 Using:

	Assets:		Total Carrying			Quoted Marked			Significant Other			Significant
			Value as of			Prices in Active			Observable Inputs			Unobservable
			4/30/2015			Markets (Level 1)			(Level 2)			Inputs (Level 3)
	Investments in
	marketable securities	$	272,000		$	-		$	272,000		$	-
	Total	$	272,000		$	-		$	272,000		$	-

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses.

Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense.

Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss, if events or circumstances indicate that their carrying amount might not be recoverable.

Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. No impairment expense was recognized for the six months ended October 31, 2015 and 2014.

Research and Development - All research and development expenditures are expensed as incurred.

Per Share Amounts - The Company follows ASC 260, Earnings Per Share, and ASC 480, Distinguishing Liabilities from Equity, which establish standards for the computation, presentation and disclosure requirements for basic and diluted earnings per share for entities with publicly held common shares and potential common stock issuances. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities, such as stock options and warrants. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Common stock equivalents, which include stock options and warrants to purchase common stock, on October 31, 2015 and 2014 that were not included in the computation of diluted earnings per share because the effect would be antidilutive were 159,785,129 and 147,685,129, respectively.

Income Taxes - The Company accounts for its income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

F-7

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business, deferred income tax liability is recorded on GAAP basis over income tax basis using statutory federal and state rates. The resulting estimated future federal and state income tax liability associated with the temporary difference between the acquisition consideration and the tax basis is computed in accordance with ASC 740-10-25-51, Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations , and is reflected as an increase to the total purchase price which is then applied to the underlying acquired assets in the absence of there being a goodwill component associated with the acquisition transactions.

Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date, the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock.

ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.

Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption.

In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability. The update is effective in fiscal years, including interim periods, beginning after December 15, 2015, and early adoption is permitted. The Company is currently assessing the impact, if any, of implementing this guidance on its financial position, results of operations and liquidity.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern. The new standard requires management of public and private companies to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows.

In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows.

F-8

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

2.	SCOTTSDALE FACILITY AGREEMENT
	On April 16, 2014, the Company entered into an agreement with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor has agreed to loan the Company $150,000 (the “Principal”), which has already been advanced. The loan bears interest at a rate of 6% per annum, compounded annually and has a maturity date of December 31, 2015 (the “Maturity Date").
	At any time prior to the Maturity Date, the Creditor may elect to receive units (each a “Unit") in exchange for any portion of the Principal outstanding on the basis of one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of our common stock and one warrant to purchase an additional share of our common stock at a price of $0.10 per share for a period of two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, any interest that accrued on the portion of the Principal that was converted shall be forgiven.
	If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) an any future profits received by Company that are derived from our process for the recovery of precious metals from coal ash and other materials (the “Technology”) at a basis of 1% of our net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.
	In addition, if the Creditor exercises the Unit Conversion Option, the Company will use best efforts to ensure that a director nominated by the Creditor is appointed to the Company’s Board of Directors. If the Creditor does nominate such director, the Company will be allowed to nominate and appoint an additional director to the Company’s Board of Directors.
	The Creditor has agreed to form a joint venture with the Company for the purpose of constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. Under the agreement, the Creditor and the Company shall form a limited liability company (“Newco”) to operate the Joint Venture, and ownership of Newco would be split equally between the Creditor and the Company. In addition, the Creditor would advance $250,000 plus up to 15% for contingencies, a total of $287,500, to Newco to fund the initial construction and operation costs of the Newco. These advances are not expected to be paid back to the Creditor.
	The Company has been operating in the Scottsdale facility in prior years using the same technology licensed by the Company. As of July 31, 2015 and through the filing date of the Form 10-Q, the Company and the Creditor have not established a limited liability corporation in accordance with the agreement. The equipment used in the Scottsdale facility, lease agreements for the Scottsdale facility, and other supplies purchased and costs incurred by the Scottsdale facility were incurred by the Company and are the legal obligation of the Company. As of October 31, 2015, no bank account has been established for the joint venture and as a result the Company has paid all expenses related to the Scottsdale facility directly via the Company’s bank accounts. Funding under the joint venture has been deposited by the Company into bank accounts owned by the Company. As of October 31, 2015, the Creditor funded a total of $329,000. As of October 31, 2015 and through the date of the filing date of the Form 10-Q, the Company has not agreed to contribute any of the assets related to the Scottsdale facility to the joint venture. Based upon the aforementioned, the Company has accounted for the funds received totaling $329,000 as contributed capital since in substance, the Creditor has secured future revenue of the Scottsdale facility operations with such funds. For the three months ended October 31, 2015 and October 31, 2014, the Company received contributions totaling zero and $55,000, respectively. For the six months ended October 31, 2015 and October 31, 2014, the Company received contributions totaling zero and $165,000, respectively.
3.	INVESTMENT IN MARKETABLE SECURITIES
	On September 27, 2013, the Company entered into a settlement and security release agreement with Golden Anvil. Under the terms of the Release Agreement, the Company agreed to release Golden Anvil from loan agreements pursuant to which, Golden Anvil owed the Company $983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey issued to the Company as part of an asset purchase agreement between Golden Anvil and Gainey.

F-9

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

The Asset Purchase was completed on September 30, 2013. The Gainey shares are held in escrow and will be released pursuant to the terms of a surplus escrow agreement as follows. The company cannot enter into any sales transaction of the Gainey shares prior to their release.

On March 30, 2015, the Company sold 400,000 Gainey shares to the Creditor (see Note 2) for $49,747 cash, net of currency exchange and other banking fees. The cost of the 400,000 Gainey shares was $200,000. The Company recorded a loss on sale of marketable securities of $150,253.

As of October 31, 2015 and April 30, 2015, investment in marketable securities consisted of $243,613 and $272,000, respectively. The Company held 1,600,000 Gainey Capital Corp. (“Gainey”) common shares, and the market value was $0.152 and $0.17 per share, on October 31, 2015 and April 30, 2015, respectively. As of October 31, 2015, 45% of the shares have been released, of which 20% were sold on March 30, 2015. Gainey shares are traded on the Vancouver exchange under the stock symbol GNC.V and on the OTC Pink marketplace under the stock symbol GNYPF. Marketable securities are held for an indefinite period of time and thus are classified as available-for-sale securities. Realized investment gains and losses are included in the statement of operations, as are provisions for other than temporary declines in the market value of available-for-sale securities. Unrealized gains and unrealized losses deemed to be temporary are excluded from earnings (losses), net of applicable taxes, as a component of other comprehensive income. Factors considered in judging whether an impairment is other than temporary include the financial condition, business prospects and creditworthiness of the issuer, the length of time that fair value has been less than cost, the relative amount of decline, and the Company’s ability and intent to hold the investment until the fair value recovers.

Based on management’s evaluation of the circumstances, management believes that the decline in fair value below the cost of certain of the Company’s marketable securities is other-than-temporary.

The following is a summary of available-for-sale marketable securities as of October 31, 2015:

			Cost			Unrealized Gain			Realized (Losses)			Market or Fair Value
	Equity securities	$	800,000		$	--		$	(556,387	)	$	243,613
	Total	$	800,000		$	--		$	(556,387	)	$	243,613

The following is a summary of available-for-sale marketable securities as of April 30, 2015:

			Cost			Unrealized Gain			Realized (Losses)			Market or Fair Value
	Equity securities	$	800,000		$	--		$	(528,000	)	$	272,000
	Total	$	800,000		$	--		$	(528,000	)	$	272,000

F-10

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

4.	PROPERTY AND EQUIPMENT
	Property and equipment consists of the following:

	Depreciation expense was $34,883 and $39,732 for the six months ended October 31, 2015 and 2014, respectively.
5.	INTELLECTUAL PROPERTY
	On August 20, 2014, the Company entered an Amended and Restated License Agreement with Alvin C. Johnson, Jr. (“Licensor”), whereby the Licensor has been granted 7,980,493 shares of common stock as consideration for the cancellation by the Licensor of a 3.75% gross royalty on the proceeds from any commercial use of our license on the process for the recovery of precious metals from coal ash and other materials. The intellectual property was valued at $159,610 or $0.02 per share of common stock, the Company’s market price on August 20, 2014 and has been capitalized as intellectual property. Based on the unpredictable timing of estimated future cash flows expected to be generated from the intellectual property, the Company recognized an impairment expense of $159,610 as of April 30, 2015.
6.	ACCOUNTS PAYABLE - RELATED PARTIES
	As of October 31, 2015 and April 30, 2015, accounts payable – related parties of $308,199 and $266,734, respectively, mainly consisted of consulting fees due to one director and officer of the Company.
7.	LOANS PAYABLE
	As of October 31, 2015 and April 30, 2015, loans payable of $248,030, consists of borrowings payable to unrelated third parties. The loans bear 6% to 12% interest, are unsecured and are due on demand.
	As of October 31, 2015 and April 30, 2015, accrued interest was $80,191 and $70,762, respectively.
8.	LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES
	As of October 31, 2015 and April 30, 2015, loans payable – related parties of $628,000 and $373,000, respectively, mainly consists of borrowings, directly and indirectly, from one director of the Company. The balances bear 10% interest, are unsecured and are due on demand.
	As of October 31, 2015 and April 30, 2015, accrued interest – related party was $168,468 and $141,935, respectively.
9.	NOTES PAYABLE
	As of October 31, 2015 and April 30, 2015, notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison. The note payable bears 6% interest annually, is unsecured and is due on demand.

F-11

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

10.	COMMITMENTS AND CONTINGENCIES
	Lease obligations – The Company has operating leases for its corporate office, corporate housing and plant facilities. Future minimum lease payments under the operating leases as of October 31, 2015 are as follows:

	Lease expense was $67,933 and $69,421 for the six months ended October 31, 2015 and 2014, respectively.
	Legal proceedings – The Company received a verified complaint (the “Complaint”), dated September 12, 2013, that was filed in Arizona Superior Court, Maricopa County, by McKendry Enterprises, Inc. Profit Sharing Plan and Retirement Trust (the “Landlord”), alleging breach of contract and breach of covenant of good faith and fair dealing in relation to the lease agreement dated June 6, 2007, between the Landlord and the Company, as amended (the “Lease Agreement”). The Complaint sought to recover damages of at least $108,581, including, but not limited to: 1) $56,358 rent; 2) $52,223 for maintenance, clean-up costs and construction; and 3) undetermined damages for additional repair, clean up and legal fees.
	On October 22, 2014, the Company reached a settlement with the Landlord to pay $70,000 as follows: $5,000 on or before November 24, 2014 (amount has been paid); $5,000 payable 90 days thereafter (amount has been paid); six payments of $7,000 due every 90 days thereafter (two payments of $7,000 has been paid); and two $9,000 payments due every 90 days thereafter. Each payment has a 3 day cure/grace period. Any later payment will trigger a default and immediate recordation/enforcement of a judgment. Payment is secured by a judgment for $78,969 plus attorney fees incurred by Landlord to date, plus any further attorney fees incurred in relation to the judgment. The judgment will not be executed unless the Company defaults on its payment obligations noted above. As of October 31, 2015, the Company has a liability in the amount of $46,000 recorded in accounts payable related to this matter.
	On May 1, 2015, the Company received an amended notice of civil claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract.
	On June 1, 2015, the Company filed a response to the Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit.
	No other legal proceedings are pending, threatened or contemplated.
11.	STOCKHOLDERS’ EQUITY
	Common and Preferred Stock:
	As of October 31, 2015 and April 30, 2015, there were 228,793,634 shares of common stock outstanding and zero shares of preferred stock outstanding.

F-12

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ROYAL MINES AND MINERALS CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
OCTOBER 31, 2015
(UNAUDITED)

12.	STOCK OPTIONS AND WARRANTS
	Extension of Warrants
	On July 10, 2015, the Company extended the expiration dates of 23,020,000 warrants previously issued on July 13, 2011, from an expiration date of July 12, 2015 to July 12, 2016. Each warrant entitles the holder to purchase an additional share of the Company’s common stock at a price of $0.10 per share.
	As of October 31, 2015 and April 30, 2015, there were 26,100,000 stock options and 133,685,129 stock warrants outstanding and exercisable.
13.	RELATED PARTY TRANSACTIONS
	For the six months ended October 31, 2015, the Company incurred $101,000, in consulting fees expense from companies with a common director or officer.
	For the six months ended October 31, 2014, the Company incurred $102,000, in consulting fees expense from companies with a common director or officer.
14.	SUBSEQUENT EVENTS
	On November 2, 2015, the Company extended the expiration dates of the following warrants:

	(a)	100,000 warrants previously issued on November 20, 2012, from an expiration date of November 19, 2015 to November 19, 2017;
	(b)	26,220,000 warrants previously issued on November 18, 2013, from an expiration date of November 18, 2015 to November 18, 2017; and
	(c)	1,000,000 warrants previously issued on November 19, 2013, from an expiration date of November 19, 2015 to November 19, 2017.

Each of the above warrants entitles the holder to purchase an additional share of the Company’s common stock at a price of $0.10 per share

F-3

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this Quarterly Report constitute "forward-looking statements.” These statements, identified by words such as “plan,” "anticipate," "believe," "estimate," "should," "expect" and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements reflect the current views of management with respect to future events and are subject to risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those described in the forward-looking statements. Such risks and uncertainties include those set forth under the caption "Part II – Item 1A. Risk Factors" and elsewhere in this Quarterly Report. We do not intend to update the forward-looking information to reflect actual results or changes in the factors affecting such forward-looking information. We advise you to carefully review the reports and documents, particularly our Annual Reports, Quarterly Reports and Current Reports, that we file from time to time with the United States Securities and Exchange Commission (the “SEC”).

OVERVIEW

We were incorporated on December 14, 2005 under the laws of the State of Nevada. Our primary objectives are to: (i) commercially and viably extract and refine precious metals from specific coal (fly and bottom) ash and other leachable assets; (ii) use our proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets; and (iii) joint venture, acquire and develop mining projects in North America.

We are focusing our business on commercially processing specific coal ash through a process of mechanical attrition, chemical treatments and thermal sintering that exposes extractable gold (the “Cholla Process”) at our processing and refining plant located in Scottsdale, Arizona (the “Scottsdale Facility”). This process agglomerates metal atoms into larger nanoparticles, before forming bulk gold metal. Once in bulk gold metal, all traditional assay methods can effectively measure value. In November 2012, we shut down our Phoenix Facility and we have no plans to continue that operation.

We are actively seeking to enter into joint ventures with third parties who have legal rights to fly ash resources, including landfills. There is no assurance that we will be able to commercially extract precious metals from fly ash or other mineable ores using our Cholla process or that we will be able to enter into joint ventures for the exploration and development of additional mining projects.

In September 2013, we released Golden Anvil S.A. de C.V. (“Golden Anvil”) from loan agreements pursuant to which, Golden Anvil owed us USD$983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey Capital Corp. (“Gainey”) issued to us as part of an asset purchase agreement between Golden Anvil and Gainey.

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RESULTS OF OPERATIONS

Three Months and Six Months Summary

Revenues

We earned no revenues during the six months ended October 31, 2015 and 2014. We can provide no assurances that we will be able to develop a commercially viable process or earn significant revenue from the processing of fly ash or other materials.

Expenses

The major components of our operating expenses for the three and six months ended October 31, 2015 and 2014 are outlined in the table below:

Our operating expenses for the three months ended October 31, 2015 decreased as compared to the three months ended October 31, 2014. The decrease in our operating expenses primarily relates to a decrease in contract labor and processing costs at our Scottsdale facility, a decrease in legal fees, SEC filings and traveling costs at corporate, and the 2014 recording of a loss on legal settlement.

Our operating expenses for the six months ended October 31, 2015 decreased as compared to the six months ended October 31, 2014. The decrease in our operating expenses primarily relates to a decrease in contract labor, processing costs and utilities at our Scottsdale facility, a decrease in legal and audit fees at corporate, and the 2014 recording of a loss on legal settlement. The decrease was partially offset by the recording of other than temporary loss on the sale of marketable securities.

Mineral exploration and evaluation expenses primarily consist of contract labor, rent, consulting fees and leased equipment.

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Our general and administrative expenses primarily consist of: (i) monthly consulting fees to our Chief Financial Officer, Mr. Mitchell; (ii) legal and audit fees in connection with meeting our reporting requirements under the Exchange Act; and (iii) travel expense for our executives and directors.

Loss on legal settlement relates to additional expenses incurred with respect to the lease of our Phoenix facility, which we closed in November 2012.

Other than temporary loss on sale of marketable securities relates to the realized losses recognized for the continued decline in stock price of our Gainey Capital Corp shares.

We anticipate that our operating expenses will increase significantly as we implement our plan of operation for our Scottsdale Facility.

LIQUIDITY AND CAPITAL RESOURCES

Working Capital
								Percentage
		At October 31, 2015			At April 30, 2015			Increase / (Decrease)
Current Assets	$	10,086		$	11,897			(15.2)%
Current Liabilities		(1,769,513	)		(1,413,744	)		25.2%
Working Capital Deficit	$	(1,759,427	)	$	(1,401,847	)		25.5%

Cash Flows
		Six Months Ended
		October 31, 2015			October 31, 2014
Net Cash Used in Operating Activities	$	(255,774	)	$	(326,779	)
Net Cash Used In Investing Activities		-			-
Net Cash Provided By Financing Activities		255,000			267,000
Net Decrease in Cash During Period	$	(774	)	$	(59,779	)

As of October 31, 2015, we had a working capital deficit of $1,759,427 as compared to a working capital deficit of $1,401,847 at our year ended April 30, 2015. The increase in our working capital deficit is primarily due to an increase in accounts payable, accounts payable-related parties, accrued interest-related parties and loans payable-related parties.

FINANCING REQUIREMENTS

Currently, we do not have sufficient financial resources to complete our plan of operation for the next twelve months. As such, our ability to complete our plan of operation is dependent upon our ability to obtain additional financing in the near term.

We anticipate continuing to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned mining, development and exploration activities.

OFF-BALANCE SHEET ARRANGEMENTS

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that is material to stockholders.

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CRITICAL ACCOUNTING POLICIES

We have identified certain accounting policies, described below, that are most important to the portrayal of our current financial condition and results of operations. Our significant accounting policies are disclosed in Note 1 to our interim financial statements included in this Quarterly Report.

ITEM 4.               CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of October 31, 2015 (the “Evaluation Date”). This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of the Evaluation Date.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the fiscal quarter ended October 31, 2015 that have materially affected, or that are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1.               LEGAL PROCEEDINGS.

In September 2013, we released Golden Anvil S.A. de C.V. (“Golden Anvil”) from loan agreements pursuant to which, Golden Anvil owed us USD$983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey Capital Corp. (“Gainey”) issued to us as part of an asset purchase agreement between Golden Anvil and Gainey (the “Transaction”).

In May 2015, we received a verified complaint (the “Complaint”), dated April 17, 2015, which was filed in The Supreme Court of British Columbia in Vancouver, Canada, by 1254859 Ontario Inc. (the “Claimant”), alleging breach of contract, against Golden Anvil, Marco Antonia Rincon Valdes and us. The Complaint seeks to recover 1,000,000 shares of Gainey and reimbursement of expenses incurred by the Claimant in relation to the Transaction.

On June 1, 2015, the Company filed a response to the Complaint, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit. If the lawsuit is resolved unfavorably it will have a significant impact on our business operations and will limit our ability to continue our operations.

ITEM 1A.             RISK FACTORS.

The following are some of the important factors that could affect our financial performance or could cause actual results to differ materially from estimates contained in our forward-looking statements. We may encounter risks in addition to those described below. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, may also impair or adversely affect our business, financial condition or results of operation.

If we do not obtain additional financing, we may not be able to continue our operations at our Scottsdale Facility or enter into any potential joint venture or licensing agreements.

As of October 31, 2015, we had cash on hand of $10,086 and accumulated net loss of $18,015,737 since inception. Our plan of operation calls for significant expenses in connection with the operation of our Scottsdale Facility and the entry of any potential joint ventures. If we are unable to raise sufficient financing, there is a substantial risk that we will be unable to meet payments of principal and interest to our creditors and pay our consultants and employees. In November 2012, we shut down our Phoenix Facility and we have no plans to continue that operation. In addition, we will require substantial financing in order to implement our plan of operation over the next twelve months. There is no assurance that this will satisfy all of our working capital requirements for the next twelve months or that these funds will be sufficient to complete our planned exploration and development programs.

We face a high risk of business failure.

We have earned minimal revenues from the processing of ore at our Phoenix and Scottsdale Facilities. Our primary business activities have involved the exploration and development on the Piute Valley Property and the commencement of operations at our Phoenix Facility and Scottsdale Facility. In August 2012, we did not pay the renewal fee on the Piute Valley Property and the BLM Claims, allowing those claims to lapse. In November 2012, we shut down our Phoenix Facility and we have no plans to continue that operation. Potential investors should be aware of the difficulties normally encountered by exploration stage companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates.

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We are currently, party to a lawsuit that may be expensive and time consuming, and, if resolved adversely, could have a significant impact on our business and financial condition.

In September 2013, we released Golden Anvil S.A. de C.V. (“Golden Anvil”) from loan agreements pursuant to which, Golden Anvil owed us USD$983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey Capital Corp. (“Gainey”) issued to us as part of an asset purchase agreement between Golden Anvil and Gainey (the “Transaction”).

We received a verified complaint (the “Complaint”), dated April 17, 2015, that was filed in The Supreme Court of British Columbia in Vancouver, Canada, by 1254859 Ontario Inc. (the “the Claimant”), alleging breach of contract, against Golden Anvil, Marco Antonia Rincon Valdes and us. The Complaint seeks to recover 1,000,000 shares of Gainey and reimbursement of expenses incurred while rendering services related to the Transaction. We do not believe that there was a contract as alleged and we intend to vigorously defend this lawsuit. There is no assurance that we will be able to successfully defend the lawsuit. If the lawsuit is resolved unfavorably it will have a significant impact on our business operations and will limit our ability to continue our operations.

Because we anticipate our operating expenses will increase prior to our earning significant revenues, we may never achieve profitability.

We anticipate that we will incur increased operating expenses prior to realizing any significant revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from the operation of our Scottsdale Facility or the exploration and development of our mineral property and the production of minerals thereon, if any, we will not be able to earn profits or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we may not be able to ever generate any operating revenues or achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail.

Because of the speculative nature of exploration of mining properties, there is substantial risk that no commercially exploitable minerals will be found and our business will fail.

The search for valuable minerals as a business is extremely risky. We may not find commercially exploitable reserves of precious metals on our mineral claims. Exploration for minerals is a speculative venture, necessarily involving substantial risk. The expenditures to be made by us in the upcoming exploration of the mineral claims may not result in the discovery of commercial quantities of ore. Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. In such a case, we would be unable to complete our business plan.

Because of the inherent dangers involved in mineral exploration, there is a risk that we may incur liability or damages if and when we conduct mineral exploration activities.

The search for valuable minerals involves numerous hazards. As a result, if and when we conduct exploration activities we may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. The payment of such liabilities may have a material adverse effect on our financial position.

Certain work to be performed at our facilities may require us to apply for permits from federal, state or local regulatory bodies.

If our applications for permits from the relevant regulatory bodies are denied, we may not be able to proceed with our exploration and development programs as disclosed above, which could have a negative effect on our business.

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If we are unable to hire and retain key personnel, we may not be able to implement our business plan and our business will fail.

Our success will largely depend on our ability to hire highly qualified personnel with experience in geological exploration. These individuals may be in high demand and we may not be able to attract the staff we need. In addition, we may not be able to afford the high salaries and fees demanded by qualified personnel, or may lose such employees after they are hired. Our failure to hire key personnel when needed could have a significant negative effect on our business.

If we complete additional financings through the sale of shares of our common stock, our existing stockholders will experience dilution.

The most likely source of future financing presently available to us is through the issuance of our common stock. The only other anticipated alternative for the financing of further exploration would be the offering by us of an interest in our properties to be earned by another party or parties carrying out further exploration thereof, which is not presently contemplated. Issuing shares of our common stock, for financing purposes or otherwise, will dilute the interests of our existing stockholders.

Because our stock is a penny stock, stockholders will be more limited in their ability to sell their stock.

Our common stock is considered to be a “penny stock” since it does not qualify for one of the exemptions from the definition of “penny stock” under Section 3a51-1 of the Exchange Act. Our common stock is a “penny stock” because it meets one or more of the following conditions (i) the stock trades at a price less than $5.00 per share; (ii) it is not traded on a “recognized” national exchange; (iii) it is not quoted on the Nasdaq Stock Market, or even if so, has a price less than $5.00 per share; or (iv) is issued by a company that has been in business less than three years with net tangible assets less than $5 million.

The principal result or effect of being designated a “penny stock” is that securities broker-dealers participating in sales of our common stock will be subject to the “penny stock” regulations set forth in Rules 15-2 through 15g-9 promulgated under the Exchange Act. For example, Rule 15g-2 requires broker-dealers dealing in penny stocks to provide potential investors with a document disclosing the risks of penny stocks and to obtain a manually signed and dated written receipt of the document at least two business days before effecting any transaction in a penny stock for the investor's account. Moreover, Rule 15g-9 requires broker-dealers in penny stocks to approve the account of any investor for transactions in such stocks before selling any penny stock to that investor. This procedure requires the broker-dealer to (i) obtain from the investor information concerning his or her financial situation, investment experience and investment objectives; (ii) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker-dealer made the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor's financial situation, investment experience and investment objectives. Compliance with these requirements may make it more difficult and time consuming for holders of our common stock to resell their shares to third parties or to otherwise dispose of them in the market or otherwise.

ITEM 2.               UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.               DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.               MINE SAFETY DISCLOSURES.

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None.

ITEM 5.               OTHER INFORMATION.

None.

ITEM 6.               EXHIBITS.

Exhibit
Number	Description of Exhibits
2.1	Agreement and Plan of Merger dated September 24, 2007 among the Company, Royal Mines Acquisition Corp., Royal Mines Inc. and Kevin B. Epp. (4)
2.2	Agreement and Plan of Merger dated October 6, 2007 between the Company and Royal Mines Acquisition Corp. (5)
3.1	Articles of Incorporation. (1)
3.2	Certificate of Change Pursuant to NRS 78.209 increasing the authorized capital of common stock to 300,000,000 shares, par value $0.001 per share. (2)
3.3	Certificate of Amendment Pursuant increasing the authorized capital of common stock to 900,000,000 shares, par value $0.001 per share.(11)
3.4	Bylaws. (1)
3.5	Articles of Merger between the Company and Royal Mines Acquisition Corp. (5)
4.1	Form of Share Certificate. (1)
10.1	Technology and Asset Purchase Agreement dated April 2, 2007 among New Verde River Mining Co., Inc., Robert H. Gunnison and Royal Mines Inc. (5)
10.2	Lease Agreement dated June 6, 2007 among McKendry Enterprises Inc., Profit Sharing Plan and Retirement Trust and Royal Mines Inc. (5)
10.3	Management Consulting Agreement dated February 24, 2009 between the Company and Jason S. Mitchell. (6)
10.4	First Amendment of Lease Agreement dated November 20, 2009 among McKendry Enterprises Inc., Profit Sharing Plan and Retirement Trust and Royal Mines Inc. (5)
10.5	2011 Stock Incentive Plan.(7)
10.6	Consulting Services Agreement dated February 1, 2012 between the Company and Alvin A. Snaper.(8)
10.7	Agreement dated June 14, 2012 between the Company and Phoenix PMX LLC.(9)
10.8	2013 Stock Incentive Plan.(10)
10.9	Settlement and Security Release Agreement dated September 27, 2013 between the Company and Golden Anvil S.A. de C.V.(12)
10.10	Form of Non-Qualified Option Agreement.(13)
10.11	Convertible Loan Agreement dated April 16, 2014, between the Company and Bruce Matheson.(14)
10.12	Loan and Joint Venture Agreement dated April 16, 2014, between the Company and GJS Capital Corp.(15)
10.13	Letter of Intent dated for reference July 7, 2014, between the Company and Lafarge North America Inc.(16)
10.14	Amended and Restated License Agreement dated August 20, 2014 between the Company and Alvin C. Johnson Jr.(17)
10.15	Settlement Agreement dated October 22, 2014, between the Company and McKendry Enterprises, Inc. Profit Sharing Plan and Retirement Trust. (18)

10

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Exhibit
Number	Description of Exhibits
14.1	Code of Ethics. (3)
31.1	Certification of Chief Executive Officer as adopted pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.
31.2	Certification of Chief Financial Officer as adopted pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.
32.1	Certification of Chief Executive Officer as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
32.2	Certification of Chief Financial Officer as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF	XBRL Taxonomy Extension Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.

Notes:

(1)	Filed with the SEC as an exhibit to our Registration Statement on Form SB-2 originally filed on August 17, 2006, as amended.
(2)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed June 12, 2007.
(3)	Filed with the SEC as an exhibit to our Annual Report on Form 10-KSB filed July 30, 2007.
(4)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed on September 28, 2007
(5)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed October 12, 2007.
(6)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed February 26, 2009.
(7)	Filed with the SEC as an exhibit to our Quarterly Report on Form 10-Q filed September 15, 2010.
(8)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed February 1, 2012.
(9)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed June 20, 2012.
(10)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed June 24, 2013.
(11)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed August 28, 2013.
(12)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed October 2, 2013.
(13)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed November 1, 2013.
(14)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed April 21, 2014.
(15)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed April 21, 2014.
(16)	Filed with the SEC as an exhibit to our Current Report on Form 8-K filed July 16, 2014.
(17)	Filed with the SEC as an exhibit to our Quarterly Report on from 10-Q filed on September 22, 2014.
(18)	Filed with the SEC as an exhibit to our Quarterly Report on from 10-Q filed on December 16, 2014.

11

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

				ROYAL MINES AND MINERALS CORP.
Date:	December 15, 2015		By:	/s/ K. Ian Matheson
				K. IAN MATHESON
				Chief Executive Officer
				(Principal Executive Officer)
Date:	December 15, 2015		By:	/s/ Jason S. Mitchell
				JASON S. MITCHELL
				Chief Financial Officer
				(Principal Accounting Officer)

---

---

CERTIFICATIONS

I, K. Ian Matheson, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Royal Mines And Minerals Corp.;
(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
(4)	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	December 15, 2015
	/s/ K. Ian Matheson
By:	K. Ian Matheson
Title:	Chief Executive Officer and President

---

---

CERTIFICATIONS

I, Jason S. Mitchell, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Royal Mines And Minerals Corp.;
(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
(4)	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	December 15, 2015
	/s/ Jason S. Mitchell
By:	Jason S. Mitchell
Title:	Chief Financial Officer, Treasurer and Secretary

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---

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, K. Ian Matheson, the Chief Executive Officer of Royal Mines And Minerals Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

	(i)	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended October 31, 2015, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
	(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	By:	/s/ K. Ian Matheson
	Name:	K. IAN MATHESON
	Title:	Chief Executive Officer and President
	Date:	December 15, 2015

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

This certification accompanies the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

---

---

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Jason S. Mitchell, the Chief Financial Officer of Royal Mines And Minerals Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

	(i)	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended October 31, 2015, and to which this certification is attached as Exhibit 32.2 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
	(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	By:	/s/ Jason S. Mitchell
	Name:	JASON S. MITCHELL
	Title:	Chief Financial Officer, Treasurer & Secretary
	Date:	December 15, 2015

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

This certification accompanies the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

---

v3.3.1.900

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2015	Dec. 15, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Trading Symbol	rymm
Entity Registrant Name	ROYAL MINES & MINERALS CORP
Entity Central Index Key	0001371424
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		228,793,634
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2

v3.3.1.900

CONDENSED BALANCE SHEETS - USD ($)	Oct. 31, 2015	Apr. 30, 2015
Current assets
Cash and cash equivalents	$ 10,086	$ 10,860
Other current assets	0	1,037
Total current assets	10,086	11,897
Non-current assets
Investment in marketable securities	243,613	272,000
Property and equipment, net	131,941	166,824
Other assets	7,655	7,655
Total non-current assets	383,209	446,479
Total assets	393,295	458,376
Current liabilities
Accounts payable	282,005	254,938
Accounts payable - related parties	308,199	266,734
Accrued interest	80,191	70,762
Accrued interest - related parties	168,468	141,935
Loans payable	248,030	248,030
Loans payable - related parties	628,000	373,000
Notes payable	50,000	50,000
Deferred rent	4,620	8,345
Total current liabilities	1,769,513	1,413,744
Deferred rent	0	4,173
Total non-current liabilities	0	4,173
Total liabilities	1,769,513	1,417,917
Commitments and contingencies	0	0
Stockholders' deficit
Preferred stock, $0.001 par value; 100,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized, 228,793,634 shares issued and outstanding	228,794	228,794
Additional paid-in capital	16,400,725	16,400,725
Subscriptions payable	10,000	10,000
Accumulated deficit during exploration stage	(18,015,737)	(17,599,060)
Total stockholders' deficit	(1,376,218)	(959,541)
Total liabilities and stockholders' deficit	$ 393,295	$ 458,376

v3.3.1.900

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2015	Apr. 30, 2015
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	228,793,634	228,793,634
Common Stock, Shares, Outstanding	228,793,634	228,793,634

v3.3.1.900

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenue	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Mineral exploration and evaluation expenses	77,614	109,565	156,645	214,606
Mineral exploration and evaluation expenses - related parties	15,000	15,000	30,000	30,000
General and administrative	20,358	33,825	55,156	80,473
General and administrative - related parties	36,000	36,000	71,000	72,000
Depreciation and amortization	17,441	18,740	34,883	39,732
Other than temporary loss on marketable securities	2,893	0	28,387	0
Loss on legal settlement	0	19,142	0	19,142
Bad debt expense	0	0	1,037	0
Total operating expenses	169,306	232,272	377,108	455,953
Loss from operations	(169,306)	(232,272)	(377,108)	(455,953)
Other expense:
Interest expense	(21,167)	(16,361)	(39,569)	(30,753)
Total other expense	(21,167)	(16,361)	(39,569)	(30,753)
Net loss	(190,473)	(248,633)	(416,677)	(486,706)
Other comprehensive loss:
Unrealized loss on marketable securities	0	(540,000)	0	(120,000)
Comprehensive loss	$ (190,473)	$ (788,633)	$ (416,677)	$ (606,706)
Net loss per common share - basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average common shares outstanding - basic and diluted	228,793,634	220,519,614	228,793,634	216,666,377

v3.3.1.900

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (190,473)	$ (248,633)	$ (416,677)	$ (486,706)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	17,441	18,740	34,883	39,732
Allowance for bad debt	0	0	1,037	0
Other than temporary loss on marketable securities	2,893	0	28,387	0
Changes in operating assets and liabilities:
Prepaid expenses			0	7,500
Other assets			0	8,307
Accounts payable			27,067	52,356
Accounts payable - related parties			41,465	31,917
Other current liabilities			0	(2,540)
Accrued interest			9,429	15,213
Accrued interest - related parties			26,533	12,841
Deferred rent			(7,898)	(5,399)
Net cash used in operating activities			(255,774)	(326,779)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from contribution on Scottsdale facility			0	165,000
Proceeds from borrowings			0	10,000
Proceeds from borrowings - related parties			255,000	92,000
Net cash provided by financing activities			255,000	267,000
NET CHANGE IN CASH			(774)	(59,779)
CASH AT BEGINNING OF PERIOD			10,860	67,991
CASH AT END OF PERIOD	10,086	8,212	10,086	8,212
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid			326	608
Income taxes paid			0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Acquisition of intellectual property for stock			0	159,610
Stock issued in satisfaction of loans payable - related party			0	48,000
Unrealized gain on marketable securities	$ 0	$ 540,000	$ 0	$ 120,000

v3.3.1.900

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES	6 Months Ended
	Oct. 31, 2015
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES [Text Block]	1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES   Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.       The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the six months ended July 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016.   Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.   History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.       On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).       On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.       Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.       As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition. Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management. If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty. As of October 31, 2015, the Company had cumulative net losses of $18,027,350 from operations since inception and had negative working capital of $1,759,427. For the six months ended October 31, 2015, the Company incurred a net loss of $428,290 and had net cash used in operating activities of $255,774. For the six months ended October 31, 2014 the Company incurred a net loss of $486,706 and had net cash used in operating activities of $326,779. The Company has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern. To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted. Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates. Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent. Other Current Assets - Other current assets are comprised of other receivables, which do not bear interest and are recorded at cost. The Company extends credit to its consultants, which receivables can be offset against commissions payable to the respective consultants. The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of October 31, 2015 and April 30, 2015, the Company has recorded an allowance for doubtful account of $15,798 and $14,761, respectively. Fair Value - ASC 825, Financial Instruments requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of October 31, 2015 and April 30, 2015 as follows: Fair Value Measurements at October 31, 2015 Using:   Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         10/31/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in marketable securities $ 243,613   $   -   $ 243,613   $   -      Total $ 243,613   $   -   $ 243,613   $   -   Fair Value Measurements at April 30, 2015 Using:   Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         4/30/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in                           marketable securities $ 272,000   $   -   $ 272,000   $   -      Total $ 272,000   $   -   $ 272,000   $   -   Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses. Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense. Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable. Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. No impairment expense was recognized for the six months ended October 31, 2015 and 2014. Research and Development - All research and development expenditures are expensed as incurred. Per Share Amounts - The Company follows ASC 260, Earnings Per Share, and ASC 480, Distinguishing Liabilities from Equity, which establish standards for the computation, presentation and disclosure requirements for basic and diluted earnings per share for entities with publicly held common shares and potential common stock issuances. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities, such as stock options and warrants. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Common stock equivalents, which include stock options and warrants to purchase common stock, on October 31, 2015 and 2014 that were not included in the computation of diluted earnings per share because the effect would be antidilutive were 159,785,129 and 147,685,129, respectively. Income Taxes - The Company accounts for its income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business , deferred income tax liability is recorded on GAAP basis over income tax basis using statutory federal and state rates. The resulting estimated future federal and state income tax liability associated with the temporary difference between the acquisition consideration and the tax basis is computed in accordance with ASC 740-10-25-51, Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations , and is reflected as an increase to the total purchase price which is then applied to the underlying acquired assets in the absence of there being a goodwill component associated with the acquisition transactions. Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock. ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505. Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption. In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability. The update is effective in fiscal years, including interim periods, beginning after December 15, 2015, and early adoption is permitted. The Company is currently assessing the impact, if any, of implementing this guidance on its financial position, results of operations and liquidity. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern. The new standard requires management of public and private companies to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows.

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SCOTTSDALE FACILITY AGREEMENT	6 Months Ended
	Oct. 31, 2015
SCOTTSDALE FACILITY AGREEMENT [Text Block]	2. SCOTTSDALE FACILITY AGREEMENT       On April 16, 2014, the Company entered into an agreement with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor has agreed to loan the Company $150,000 (the “Principal”), which has already been advanced. The loan bears interest at a rate of 6% per annum, compounded annually and has a maturity date of December 31, 2015 (the “Maturity Date").       At any time prior to the Maturity Date, the Creditor may elect to receive units (each a “Unit") in exchange for any portion of the Principal outstanding on the basis of one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of our common stock and one warrant to purchase an additional share of our common stock at a price of $0.10 per share for a period of two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, any interest that accrued on the portion of the Principal that was converted shall be forgiven.       If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) an any future profits received by Company that are derived from our process for the recovery of precious metals from coal ash and other materials (the “Technology”) at a basis of 1% of our net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal.       In addition, if the Creditor exercises the Unit Conversion Option, the Company will use best efforts to ensure that a director nominated by the Creditor is appointed to the Company’s Board of Directors. If the Creditor does nominate such director, the Company will be allowed to nominate and appoint an additional director to the Company’s Board of Directors.       The Creditor has agreed to form a joint venture with the Company for the purpose of constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. Under the agreement, the Creditor and the Company shall form a limited liability company (“Newco”) to operate the Joint Venture, and ownership of Newco would be split equally between the Creditor and the Company. In addition, the Creditor would advance $250,000 plus up to 15% for contingencies, a total of $287,500, to Newco to fund the initial construction and operation costs of the Newco. These advances are not expected to be paid back to the Creditor.       The Company has been operating in the Scottsdale facility in prior years using the same technology licensed by the Company. As of July 31, 2015 and through the filing date of the Form 10-Q, the Company and the Creditor have not established a limited liability corporation in accordance with the agreement. The equipment used in the Scottsdale facility, lease agreements for the Scottsdale facility, and other supplies purchased and costs incurred by the Scottsdale facility were incurred by the Company and are the legal obligation of the Company. As of October 31, 2015, no bank account has been established for the joint venture and as a result the Company has paid all expenses related to the Scottsdale facility directly via the Company’s bank accounts. Funding under the joint venture has been deposited by the Company into bank accounts owned by the Company. As of October 31, 2015, the Creditor funded a total of $329,000. As of October 31, 2015 and through the date of the filing date of the Form 10-Q, the Company has not agreed to contribute any of the assets related to the Scottsdale facility to the joint venture. Based upon the aforementioned, the Company has accounted for the funds received totaling $329,000 as contributed capital since in substance, the Creditor has secured future revenue of the Scottsdale facility operations with such funds. For the three months ended October 31, 2015 and October 31, 2014, the Company received contributions totaling zero and $55,000, respectively. For the six months ended October 31, 2015 and October 31, 2014, the Company received contributions totaling zero and $165,000, respectively.

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INVESTMENT IN MARKETABLE SECURITIES	6 Months Ended
	Oct. 31, 2015
INVESTMENT IN MARKETABLE SECURITIES [Text Block]	3. INVESTMENT IN MARKETABLE SECURITIES       On September 27, 2013, the Company entered into a settlement and security release agreement with Golden Anvil. Under the terms of the Release Agreement, the Company agreed to release Golden Anvil from loan agreements pursuant to which, Golden Anvil owed the Company $983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey issued to the Company as part of an asset purchase agreement between Golden Anvil and Gainey. The Asset Purchase was completed on September 30, 2013. The Gainey shares are held in escrow and will be released pursuant to the terms of a surplus escrow agreement as follows. The company cannot enter into any sales transaction of the Gainey shares prior to their release. % of Shares to be Released Date of Release                             5% October 2, 2013                             5% April 2, 2014                             10% October 2, 2014                             10% April 2, 2015                             15% October 2, 2015                             15% April 2, 2016                             40% October 2, 2016 On March 30, 2015, the Company sold 400,000 Gainey shares to the Creditor (see Note 2) for $49,747 cash, net of currency exchange and other banking fees. The cost of the 400,000 Gainey shares was $200,000. The Company recorded a loss on sale of marketable securities of $150,253. As of October 31, 2015 and April 30, 2015, investment in marketable securities consisted of $243,613 and $272,000, respectively. The Company held 1,600,000 Gainey Capital Corp. (“Gainey”) common shares, and the market value was $0.152 and $0.17 per share, on October 31, 2015 and April 30, 2015, respectively. As of October 31, 2015, 45% of the shares have been released, of which 20% were sold on March 30, 2015. Gainey shares are traded on the Vancouver exchange under the stock symbol GNC.V and on the OTC Pink marketplace under the stock symbol GNYPF. Marketable securities are held for an indefinite period of time and thus are classified as available-for-sale securities. Realized investment gains and losses are included in the statement of operations, as are provisions for other than temporary declines in the market value of available-for-sale securities. Unrealized gains and unrealized losses deemed to be temporary are excluded from earnings (losses), net of applicable taxes, as a component of other comprehensive income. Factors considered in judging whether an impairment is other than temporary include the financial condition, business prospects and creditworthiness of the issuer, the length of time that fair value has been less than cost, the relative amount of decline, and the Company’s ability and intent to hold the investment until the fair value recovers. Based on management’s evaluation of the circumstances, management believes that the decline in fair value below the cost of certain of the Company’s marketable securities is other-than-temporary. The following is a summary of available-for-sale marketable securities as of October 31, 2015:       Cost     Unrealized Gain     Realized (Losses)     Market or Fair Value     Equity securities $ 800,000   $   - -   $ (556,387 ) $ 243,613                        Total $ 800,000   $   - -   $ (556,387 ) $ 243,613   The following is a summary of available-for-sale marketable securities as of April 30, 2015:       Cost     Unrealized Gain     Realized (Losses)     Market or Fair Value                                 Equity securities $ 800,000   $   - -   $ (528,000 ) $ 272,000                        Total $ 800,000   $   - -   $ (528,000 ) $ 272,000

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PROPERTY AND EQUIPMENT	6 Months Ended
	Oct. 31, 2015
PROPERTY AND EQUIPMENT [Text Block]	4. PROPERTY AND EQUIPMENT       Property and equipment consists of the following:     As of     As of       October 31, 2015     April 30, 2015   Process, lab and office equipment $ 406,316   $ 406,316   Less: accumulated depreciation   (274,375 )   (239,492 )   $ 131,941   $ 166,824     Depreciation expense was $34,883 and $39,732 for the six months ended October 31, 2015 and 2014, respectively.

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INTELLECTUAL PROPERTY	6 Months Ended
	Oct. 31, 2015
INTELLECTUAL PROPERTY [Text Block]	5. INTELLECTUAL PROPERTY       On August 20, 2014, the Company entered an Amended and Restated License Agreement with Alvin C. Johnson, Jr. (“Licensor”), whereby the Licensor has been granted 7,980,493 shares of common stock as consideration for the cancellation by the Licensor of a 3.75% gross royalty on the proceeds from any commercial use of our license on the process for the recovery of precious metals from coal ash and other materials. The intellectual property was valued at $159,610 or $0.02 per share of common stock, the Company’s market price on August 20, 2014 and has been capitalized as intellectual property. Based on the unpredictable timing of estimated future cash flows expected to be generated from the intellectual property, the Company recognized an impairment expense of $159,610 as of April 30, 2015.

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ACCOUNTS PAYABLE - RELATED PARTIES	6 Months Ended
	Oct. 31, 2015
ACCOUNTS PAYABLE - RELATED PARTIES [Text Block]	6. ACCOUNTS PAYABLE - RELATED PARTIES       As of October 31, 2015 and April 30, 2015, accounts payable – related parties of $308,199 and $266,734, respectively, mainly consisted of consulting fees due to one director and officer of the Company.

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LOANS PAYABLE	6 Months Ended
	Oct. 31, 2015
LOANS PAYABLE [Text Block]	7. LOANS PAYABLE       As of October 31, 2015 and April 30, 2015, loans payable of $248,030, consists of borrowings payable to unrelated third parties. The loans bear 6% to 12% interest, are unsecured and are due on demand.       As of October 31, 2015 and April 30, 2015, accrued interest was $80,191 and $70,762, respectively.

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LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES	6 Months Ended
	Oct. 31, 2015
LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES [Text Block]	8. LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES       As of October 31, 2015 and April 30, 2015, loans payable – related parties of $628,000 and $373,000, respectively, mainly consists of borrowings, directly and indirectly, from one director of the Company. The balances bear 10% interest, are unsecured and are due on demand.       As of October 31, 2015 and April 30, 2015, accrued interest – related party was $168,468 and $141,935, respectively.

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NOTES PAYABLE	6 Months Ended
	Oct. 31, 2015
NOTES PAYABLE [Text Block]	9. NOTES PAYABLE       As of October 31, 2015 and April 30, 2015, notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison. The note payable bears 6% interest annually, is unsecured and is due on demand.

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COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Oct. 31, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	10. COMMITMENTS AND CONTINGENCIES       Lease obligations – The Company has operating leases for its corporate office, corporate housing and plant facilities. Future minimum lease payments under the operating leases as of October 31, 2015 are as follows: Fiscal year ending April 30, 2016 $ 36,608   Fiscal year ending April 30, 2017 $ 44,616   Fiscal year ending April 30, 2018 $ 21,008   Fiscal year ending April 30, 2019 $   -   Fiscal year ending April 30, 2020 $   -     Lease expense was $67,933 and $69,421 for the six months ended October 31, 2015 and 2014, respectively.       Legal proceedings – The Company received a verified complaint (the “Complaint”), dated September 12, 2013, that was filed in Arizona Superior Court, Maricopa County, by McKendry Enterprises, Inc. Profit Sharing Plan and Retirement Trust (the “Landlord”), alleging breach of contract and breach of covenant of good faith and fair dealing in relation to the lease agreement dated June 6, 2007, between the Landlord and the Company, as amended (the “Lease Agreement”). The Complaint sought to recover damages of at least $108,581, including, but not limited to: 1) $56,358 rent; 2) $52,223 for maintenance, clean-up costs and construction; and 3) undetermined damages for additional repair, clean up and legal fees.       On October 22, 2014, the Company reached a settlement with the Landlord to pay $70,000 as follows: $5,000 on or before November 24, 2014 (amount has been paid); $5,000 payable 90 days thereafter (amount has been paid); six payments of $7,000 due every 90 days thereafter (two payments of $7,000 has been paid); and two $9,000 payments due every 90 days thereafter. Each payment has a 3 day cure/grace period. Any later payment will trigger a default and immediate recordation/enforcement of a judgment. Payment is secured by a judgment for $78,969 plus attorney fees incurred by Landlord to date, plus any further attorney fees incurred in relation to the judgment. The judgment will not be executed unless the Company defaults on its payment obligations noted above. As of October 31, 2015, the Company has a liability in the amount of $46,000 recorded in accounts payable related to this matter.       On May 1, 2015, the Company received an amended notice of civil claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract.       On June 1, 2015, the Company filed a response to the Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit.       No other legal proceedings are pending, threatened or contemplated.

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STOCKHOLDERS EQUITY	6 Months Ended
	Oct. 31, 2015
STOCKHOLDERS EQUITY [Text Block]	11. STOCKHOLDERS’ EQUITY       Common and Preferred Stock:       As of October 31, 2015 and April 30, 2015, there were 228,793,634 shares of common stock outstanding and zero shares of preferred stock outstanding.

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STOCK OPTIONS AND WARRANTS	6 Months Ended
	Oct. 31, 2015
STOCK OPTIONS AND WARRANTS [Text Block]	12. STOCK OPTIONS AND WARRANTS       Extension of Warrants       On July 10, 2015, the Company extended the expiration dates of 23,020,000 warrants previously issued on July 13, 2011, from an expiration date of July 12, 2015 to July 12, 2016. Each warrant entitles the holder to purchase an additional share of the Company’s common stock at a price of $0.10 per share.       As of October 31, 2015 and April 30, 2015, there were 26,100,000 stock options and 133,685,129 stock warrants outstanding and exercisable.

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RELATED PARTY TRANSACTIONS	6 Months Ended
	Oct. 31, 2015
RELATED PARTY TRANSACTIONS [Text Block]	13. RELATED PARTY TRANSACTIONS       For the six months ended October 31, 2015, the Company incurred $101,000, in consulting fees expense from companies with a common director or officer.       For the six months ended October 31, 2014, the Company incurred $102,000, in consulting fees expense from companies with a common director or officer.

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SUBSEQUENT EVENTS	6 Months Ended
	Oct. 31, 2015
SUBSEQUENT EVENTS [Text Block]	14. SUBSEQUENT EVENTS       On November 2, 2015, the Company extended the expiration dates of the following warrants:   (a) 100,000 warrants previously issued on November 20, 2012, from an expiration date of November 19, 2015 to November 19, 2017;   (b) 26,220,000 warrants previously issued on November 18, 2013, from an expiration date of November 18, 2015 to November 18, 2017; and   (c) 1,000,000 warrants previously issued on November 19, 2013, from an expiration date of November 19, 2015 to November 19, 2017. Each of the above warrants entitles the holder to purchase an additional share of the Company’s common stock at a price of $0.10 per share

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Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2015
Basis of Presentation [Policy Text Block]	Basis of Presentation – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Royal Mines and Minerals Corp’s (the “Company”) fiscal year-end is April 30.       The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the six months ended July 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016.
Description of Business [Policy Text Block]	Description of Business – The Company's primary objectives are to 1) commercially and viably extract and refine precious metals from specific coal ash (fly and bottom), ores and other leachable assets, 2) use its proprietary processes to convert specific ore bodies and coal ash landfills into valuable assets, and 3) joint venture, acquire and develop mining projects in North America. The Company has not yet realized significant revenues from its primary objectives.
History [Policy Text Block]	History – The Company was incorporated on December 14, 2005 under the laws of the State of Nevada. On June 13, 2007, the Company incorporated a wholly-owned subsidiary, Royal Mines Acquisition Corp., in the state of Nevada.       On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”).       On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation.       Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock.       As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.
Going Concern [Policy Text Block]	Going Concern – The accompanying financial statements were prepared on a going concern basis in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The going concern basis of presentation assumes that the Company will continue in operation for the next twelve months and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the Company’s inability to continue as a going concern. The Company’s history of losses, working capital deficit, capital deficit, minimal liquidity and other factors raise substantial doubt about the Company’s ability to continue as a going concern. In order for the Company to continue operations beyond the next twelve months and be able to discharge its liabilities and commitments in the normal course of business it must raise additional equity or debt capital and continue cost cutting measures. There can be no assurance that the Company will be able to achieve sustainable profitable operations or obtain additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to management. If the Company continues to incur operating losses and does not raise sufficient additional capital, material adverse events may occur including, but not limited to, 1) a reduction in the nature and scope of the Company’s operations and 2) the Company’s inability to fully implement its current business plan. There can be no assurance that the Company will successfully improve its liquidity position. The accompanying financial statements do not reflect any adjustments that might be required resulting from the adverse outcome relating to this uncertainty. As of October 31, 2015, the Company had cumulative net losses of $18,027,350 from operations since inception and had negative working capital of $1,759,427. For the six months ended October 31, 2015, the Company incurred a net loss of $428,290 and had net cash used in operating activities of $255,774. For the six months ended October 31, 2014 the Company incurred a net loss of $486,706 and had net cash used in operating activities of $326,779. The Company has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern. To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.
Use of Estimates [Policy Text Block]	Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the valuation of stock-based compensation, impairment analysis of long-lived assets, and the realizability of deferred tax assets. Actual results could differ from those estimates.
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents - The Company considers all investments with an original maturity of three months or less to be a cash equivalent.
Other Current Assets [Policy Text Block]	Other Current Assets - Other current assets are comprised of other receivables, which do not bear interest and are recorded at cost. The Company extends credit to its consultants, which receivables can be offset against commissions payable to the respective consultants. The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of October 31, 2015 and April 30, 2015, the Company has recorded an allowance for doubtful account of $15,798 and $14,761, respectively.
Fair Value [Policy Text Block]	Fair Value - ASC 825, Financial Instruments requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of October 31, 2015 and April 30, 2015 as follows: Fair Value Measurements at October 31, 2015 Using:   Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         10/31/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in marketable securities $ 243,613   $   -   $ 243,613   $   -      Total $ 243,613   $   -   $ 243,613   $   -   Fair Value Measurements at April 30, 2015 Using:   Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         4/30/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in                           marketable securities $ 272,000   $   -   $ 272,000   $   -      Total $ 272,000   $   -   $ 272,000   $   -
Property and Equipment [Policy Text Block]	Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operating expenses.
Mineral Exploration and Development Costs [Policy Text Block]	Mineral Exploration and Development Costs – Exploration expenditures incurred prior to entering the development stage are expensed and included in mineral exploration and evaluation expense.
Impairment of Long-Lived Assets [Policy Text Block]	Impairment of Long-Lived Assets – The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17, Measurement of an Impairment Loss , if events or circumstances indicate that their carrying amount might not be recoverable. Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. No impairment expense was recognized for the six months ended October 31, 2015 and 2014.
Research and Development [Policy Text Block]	Research and Development - All research and development expenditures are expensed as incurred.
Per Share Amounts [Policy Text Block]	Per Share Amounts - The Company follows ASC 260, Earnings Per Share, and ASC 480, Distinguishing Liabilities from Equity, which establish standards for the computation, presentation and disclosure requirements for basic and diluted earnings per share for entities with publicly held common shares and potential common stock issuances. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities, such as stock options and warrants. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Common stock equivalents, which include stock options and warrants to purchase common stock, on October 31, 2015 and 2014 that were not included in the computation of diluted earnings per share because the effect would be antidilutive were 159,785,129 and 147,685,129, respectively.
Income Taxes [Policy Text Block]	Income Taxes - The Company accounts for its income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business , deferred income tax liability is recorded on GAAP basis over income tax basis using statutory federal and state rates. The resulting estimated future federal and state income tax liability associated with the temporary difference between the acquisition consideration and the tax basis is computed in accordance with ASC 740-10-25-51, Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations , and is reflected as an increase to the total purchase price which is then applied to the underlying acquired assets in the absence of there being a goodwill component associated with the acquisition transactions.
Stock-Based Compensation [Policy Text Block]	Stock-Based Compensation – The Company accounts for share based payments in accordance with ASC 718, Compensation - Stock Compensation , which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date , the Company estimates the fair value of the award using a valuation technique. For this purpose, the Company uses the Black-Scholes option pricing model. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. Compensation cost is recognized over the requisite service period which is generally equal to the vesting period. Upon exercise, shares issued will be newly issued shares from authorized common stock. ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.
Recent Accounting Standards [Policy Text Block]	Recent Accounting Standards – From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s financial position, results of operations, or cash flows upon adoption. In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability. The update is effective in fiscal years, including interim periods, beginning after December 15, 2015, and early adoption is permitted. The Company is currently assessing the impact, if any, of implementing this guidance on its financial position, results of operations and liquidity. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern. The new standard requires management of public and private companies to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows.

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DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Tables)	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]	Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         10/31/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in marketable securities $ 243,613   $   -   $ 243,613   $   -      Total $ 243,613   $   -   $ 243,613   $   -	Assets:   Total Carrying     Quoted Marked     Significant Other     Significant         Value as of     Prices in Active     Observable Inputs     Unobservable         4/30/2015     Markets (Level 1)     (Level 2)     Inputs (Level 3)     Investments in                           marketable securities $ 272,000   $   -   $ 272,000   $   -      Total $ 272,000   $   -   $ 272,000   $   -

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INVESTMENT IN MARKETABLE SECURITIES (Tables)	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Gainey Shares to be Released [Table Text Block]	% of Shares to be Released Date of Release                             5% October 2, 2013                             5% April 2, 2014                             10% October 2, 2014                             10% April 2, 2015                             15% October 2, 2015                             15% April 2, 2016                             40% October 2, 2016
Available-for-sale Securities [Table Text Block]	Cost     Unrealized Gain     Realized (Losses)     Market or Fair Value     Equity securities $ 800,000   $   - -   $ (556,387 ) $ 243,613                        Total $ 800,000   $   - -   $ (556,387 ) $ 243,613	Cost     Unrealized Gain     Realized (Losses)     Market or Fair Value                                 Equity securities $ 800,000   $   - -   $ (528,000 ) $ 272,000                        Total $ 800,000   $   - -   $ (528,000 ) $ 272,000

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PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Oct. 31, 2015
Schedule of Property, Plant and Equipment [Table Text Block]	As of     As of       October 31, 2015     April 30, 2015   Process, lab and office equipment $ 406,316   $ 406,316   Less: accumulated depreciation   (274,375 )   (239,492 )   $ 131,941   $ 166,824

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COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Oct. 31, 2015
Schedule of Lease Obligation [Table Text Block]	Fiscal year ending April 30, 2016 $ 36,608   Fiscal year ending April 30, 2017 $ 44,616   Fiscal year ending April 30, 2018 $ 21,008   Fiscal year ending April 30, 2019 $   -   Fiscal year ending April 30, 2020 $   -

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DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($) yr $ / shares shares
Description Of Business, History And Summary Of Significant Policies 1 | shares	32,183,326
Description Of Business, History And Summary Of Significant Policies 2 | shares	23,500,000
Description Of Business, History And Summary Of Significant Policies 3 | $ / shares	$ 0.001
Description Of Business, History And Summary Of Significant Policies 4	$ 23,500
Description Of Business, History And Summary Of Significant Policies 5	69.70%
Description Of Business, History And Summary Of Significant Policies 6	$ 18,027,350
Description Of Business, History And Summary Of Significant Policies 7	1,759,427
Description Of Business, History And Summary Of Significant Policies 8	428,290
Description Of Business, History And Summary Of Significant Policies 9	255,774
Description Of Business, History And Summary Of Significant Policies 10	486,706
Description Of Business, History And Summary Of Significant Policies 11	326,779
Description Of Business, History And Summary Of Significant Policies 12	15,798
Description Of Business, History And Summary Of Significant Policies 13	$ 14,761
Description Of Business, History And Summary Of Significant Policies 14	3
Description Of Business, History And Summary Of Significant Policies 15 | yr	10
Description Of Business, History And Summary Of Significant Policies 16	159,785,129
Description Of Business, History And Summary Of Significant Policies 17	147,685,129

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SCOTTSDALE FACILITY AGREEMENT (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($) $ / shares
Scottsdale Facility Agreement 1	$ 150,000
Scottsdale Facility Agreement 2	6.00%
Scottsdale Facility Agreement 3	$ 0.05
Scottsdale Facility Agreement 4 | $ / shares	$ 0.10
Scottsdale Facility Agreement 5	1.00%
Scottsdale Facility Agreement 6	$ 10,000
Scottsdale Facility Agreement 7	$ 250,000
Scottsdale Facility Agreement 8	15.00%
Scottsdale Facility Agreement 9	$ 287,500
Scottsdale Facility Agreement 10	329,000
Scottsdale Facility Agreement 11	329,000
Scottsdale Facility Agreement 12	55,000
Scottsdale Facility Agreement 13	$ 165,000

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INVESTMENT IN MARKETABLE SECURITIES (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($) $ / shares shares
Investment In Marketable Securities 1	$ 983,055
Investment In Marketable Securities 2 | shares	2,000,000
Investment In Marketable Securities 3 | shares	400,000
Investment In Marketable Securities 4	$ 49,747
Investment In Marketable Securities 5 | shares	400,000
Investment In Marketable Securities 6	$ 200,000
Investment In Marketable Securities 7	150,253
Investment In Marketable Securities 8	243,613
Investment In Marketable Securities 9	$ 272,000
Investment In Marketable Securities 10	1,600,000
Investment In Marketable Securities 11	$ 0.152
Investment In Marketable Securities 12 | $ / shares	$ 0.17
Investment In Marketable Securities 13	45.00%
Investment In Marketable Securities 14	20.00%

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PROPERTY AND EQUIPMENT (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Property And Equipment 1	$ 34,883
Property And Equipment 2	$ 39,732

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INTELLECTUAL PROPERTY (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($) $ / shares shares
Intellectual Property 1 | shares	7,980,493
Intellectual Property 2	3.75%
Intellectual Property 3	$ 159,610
Intellectual Property 4 | $ / shares	$ 0.02
Intellectual Property 5	$ 159,610

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ACCOUNTS PAYABLE - RELATED PARTIES (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Accounts Payable - Related Parties 1	$ 308,199
Accounts Payable - Related Parties 2	$ 266,734

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LOANS PAYABLE (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Loans Payable 1	$ 248,030
Loans Payable 2	6.00%
Loans Payable 3	12.00%
Loans Payable 4	$ 80,191
Loans Payable 5	$ 70,762

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LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTIES (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Loans Payable And Accrued Interest Related Parties 1	$ 628,000
Loans Payable And Accrued Interest Related Parties 2	$ 373,000
Loans Payable And Accrued Interest Related Parties 3	10.00%
Loans Payable And Accrued Interest Related Parties 4	$ 168,468
Loans Payable And Accrued Interest Related Parties 5	$ 141,935

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NOTES PAYABLE (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Notes Payable 1	$ 50,000
Notes Payable 2	6.00%

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COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($) d shares
Commitments And Contingencies 1	$ 67,933
Commitments And Contingencies 2	69,421
Commitments And Contingencies 3	108,581
Commitments And Contingencies 4	56,358
Commitments And Contingencies 5	52,223
Commitments And Contingencies 6	70,000
Commitments And Contingencies 7	5,000
Commitments And Contingencies 8	$ 5,000
Commitments And Contingencies 9 | d	90
Commitments And Contingencies 10	$ 7,000
Commitments And Contingencies 11 | d	90
Commitments And Contingencies 12	$ 7,000
Commitments And Contingencies 13	$ 9,000
Commitments And Contingencies 14 | d	90
Commitments And Contingencies 15 | d	3
Commitments And Contingencies 16	$ 78,969
Commitments And Contingencies 17	$ 46,000
Commitments And Contingencies 18	1,254,859
Commitments And Contingencies 19 | shares	1,000,000

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STOCKHOLDERS EQUITY (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 shares
Stockholders Equity 1	228,793,634

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STOCK OPTIONS AND WARRANTS (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 $ / shares shares
Stock Options And Warrants 1	23,020,000
Stock Options And Warrants 2 | $ / shares	$ 0.10
Stock Options And Warrants 3	26,100,000
Stock Options And Warrants 4	133,685,129

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RELATED PARTY TRANSACTIONS (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Related Party Transactions 1	$ 101,000
Related Party Transactions 2	$ 102,000

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SUBSEQUENT EVENTS (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 $ / shares shares
Subsequent Events 1	100,000
Subsequent Events 2	26,220,000
Subsequent Events 3	1,000,000
Subsequent Events 4 | $ / shares	$ 0.10

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Schedule of Fair Value of Separate Accounts by Major Category of Investment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1	$ 243,613
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3	243,613
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5	243,613
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7	243,613
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8	$ 0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1		$ 272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8		$ 0

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Gainey Shares to be Released (Details)	6 Months Ended
	Oct. 31, 2015
Investment In Marketable Securities Gainey Shares To Be Released 1	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 2	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 3	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 4	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 5	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 6	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 7	40.00%

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Available-for-sale Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Investment In Marketable Securities Available-for-sale Securities 1	$ 800,000
Investment In Marketable Securities Available-for-sale Securities 2	0
Investment In Marketable Securities Available-for-sale Securities 3	(556,387)
Investment In Marketable Securities Available-for-sale Securities 4	243,613
Investment In Marketable Securities Available-for-sale Securities 5	800,000
Investment In Marketable Securities Available-for-sale Securities 6	0
Investment In Marketable Securities Available-for-sale Securities 7	(556,387)
Investment In Marketable Securities Available-for-sale Securities 8	$ 243,613
Investment In Marketable Securities Available-for-sale Securities 1		$ 800,000
Investment In Marketable Securities Available-for-sale Securities 2		0
Investment In Marketable Securities Available-for-sale Securities 3		(528,000)
Investment In Marketable Securities Available-for-sale Securities 4		272,000
Investment In Marketable Securities Available-for-sale Securities 5		800,000
Investment In Marketable Securities Available-for-sale Securities 6		0
Investment In Marketable Securities Available-for-sale Securities 7		(528,000)
Investment In Marketable Securities Available-for-sale Securities 8		$ 272,000

v3.3.1.900

Schedule of Property, Plant and Equipment (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Property And Equipment Schedule Of Property, Plant And Equipment 1	$ 406,316
Property And Equipment Schedule Of Property, Plant And Equipment 2	406,316
Property And Equipment Schedule Of Property, Plant And Equipment 3	(274,375)
Property And Equipment Schedule Of Property, Plant And Equipment 4	(239,492)
Property And Equipment Schedule Of Property, Plant And Equipment 5	131,941
Property And Equipment Schedule Of Property, Plant And Equipment 6	$ 166,824

v3.3.1.900

Schedule of Lease Obligation (Details)	6 Months Ended
	Oct. 31, 2015 USD ($)
Commitments And Contingencies Schedule Of Lease Obligation 1	$ 36,608
Commitments And Contingencies Schedule Of Lease Obligation 2	44,616
Commitments And Contingencies Schedule Of Lease Obligation 3	21,008
Commitments And Contingencies Schedule Of Lease Obligation 4	0
Commitments And Contingencies Schedule Of Lease Obligation 5	$ 0