AustSino Resources : Extension of Lodgement & Unaudited Financial Accounts

ASX Announcement

30 September 2020

Extension of Lodgement and Unaudited Financial Accounts

AustSino Resources Group Ltd ("AustSino" or the "Company") (ASX: ANS) wishes to advise that it is relying on ASIC Corporations (Extended Reporting and Lodgement Deadlines - Listed Entities) Instrument 2020/451 to extend the lodgement due date for its audited financial statements, and other documents required to be lodged with ASIC under section 319 of the Corporations Act, for the period ended 30 June 2020.

The Company sets out in this notice its preliminary unaudited financial statements for the year ended 30 June 2020 together with other information relevant to the Company.

The Company will immediately make a further announcement to the market if there is a material difference between its unaudited financial statements and its audited annual financial statements.

Authorised for release by the Board of Directors.

Further inquiries:

Mr Henko Vos

Company Secretary

T: [phone]

ABN 12 009 076 242

AUSTSINO RESOURCES GROUP LIMITED

UNAUDITED FINANCIAL ACCOUNTS

30 JUNE 2020

AUSTSINO RESOURCES GROUP LIMITED

CORPORATE DIRECTORY

DIRECTORS

Chun Ming Ding (Executive Chairman)

Michael Keemink (Executive Director)

Ma Kaihai (Non-Executive Director)

Perry Mitchell (Non-Executive Director)

Dr Bielin Shi (Non-Executive Director)

COMPANY SECRETARY

Henko Vos

REGISTERED OFFICE & PRINCIPAL PLACE OF BUSINESS

Level 5, 35 Havelock Street

West Perth WA 6005

Telephone: [phone]

SHARE REGISTRY

Automic Registry Services

Level 2, 267 St George's Terrace

Perth WA 6000

Telephone: [phone] (within Australia) [phone] (outside Australia)

Email: [e-mail]

Web: www.automic.com.au

AUDITORS

RSM Australia Partners

Level 32, Exchange Tower, 2 The Esplanade

Perth WA 6000

SECURITIES EXCHANGE

AustSino Resources Group Limited shares (ANS) are listed on Australian Securities Exchange.

WEBSITE

www.aust-sino.com

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AUSTSINO RESOURCES GROUP LIMITED

UNAUDITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020

		Consolidated
		2020	2019
	Note	$	$
Income	2(a)	1,567	5,839
Other income	2(b)	22,000	19,000
Depreciation expense	8	(62,667)	(95,339)
Amortisation expense	10	(293,553)	-
Impairment of exploration and evaluation assets	12	(268,477)	(2,127,161)
Exploration and evaluation expenditure	12	(193,914)	(714,198)
Employee benefits expense		(938,471)	(884,509)
Share based payment expenses	23(a)	(1,400,000)	(155,000)
Legal fees		(138,061)	(508,690)
Consulting fees		(154,140)	(108,384)
Interest expense		(42,736)	-
Other expenses	2(c)	(878,202)	(1,058,956)
(Loss) before income tax expense		(4,346,654)	(5,627,398)
Income tax expense	3(a)	-	-
Net (loss) for the year		(4,346,654)	(5,627,398)
Other comprehensive income
Items that may be reclassified subsequently to operating result
Foreign currency translation	16(b)	(2,527)	124,110
Items that will not be subsequently reclassified to profit or loss
Revaluation loss on financial assets at fair value through other	24	(3,750,000)	(70,000)
comprehensive income
Other comprehensive income for the year, net of tax		(3,752,527)	54,110
Total comprehensive (loss) for the year		(8,099,181)	(5,573,288)
		Cents	Cents
Basic and diluted earnings per share	5	(0.08)	(0.11)

The accompanying notes form part of these financial statements.

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