Fraser Range Metals : December 2019 Monthly Cash Flow

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

+Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity

monthly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of entity

Fraser Range Metals Group Limited

ABN	Month ended ("current month")
65 098 236 938	31 December 2019

Consolidated statement of cash flows

Current month	Year to date
(Dec 2019)	(6 months)
$A'000	$A'000

1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for:
	(a)	exploration & evaluation	(88)	(153)
	(b)	development	-	-
	(c)	production	-	-
	(d)	staff costs	-	-
	(e) administration and corporate costs	(48)	(223)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	1	6
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Research and development refunds	-	-
1.8	Other (GST Received)	-	-

1.9 Net cash from / (used in) operating

activities

(135)

(370)

+ See chapter 19 for defined terms
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	-	-
	(b) tenements (see item 10)	-	-
	(c)	investments	-	-
	(d)	other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment	-	-
	(b) tenements (see item 10)	-	-
	(c)	investments	-	-
	(d)	other non-current assets	-	-
2.3	Cash flows from loans to other entities	(129)	(129)
2.4	Dividends received (see note 3)	-	-

2.5 Other (provide details if material) - Wildcat

Resources Limited acquisition

8

8

2.6 Net cash from / (used in) investing

	activities	(121)	(121)
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	-
3.2	Proceeds from issue of convertible notes	-	-
3.3	Proceeds from exercise of share options	-	-

3.4 Transaction costs related to issues of

	shares, convertible notes or options	-	-
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	-

3.7 Transaction costs related to loans and

	borrowings	-	-
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-

3.10 Net cash from / (used in) financing

activities

-

-

+ See chapter 19 for defined terms
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1 Cash and cash equivalents at beginning of

period

1,743

1,978

4.2 Net cash from / (used in) operating

activities (item 1.9 above)

(135)

(370)

4.3 Net cash from / (used in) investing activities

(item 2.6 above)

(121)

(121)

4.4 Net cash from / (used in) financing activities

(item 3.10 above)

-

-

4.5 Effect of movement in exchange rates on

cash held

-

-

4.6 Cash and cash equivalents at end of period

5. Reconciliation of cash and cash equivalents

at the end of the month (as shown in the consolidated statement of cash flows) to the related items in the accounts

1,487	1,487
Current month	Previous month
(December 2019)	(November 2019)
$A'000	$A'000

5.1	Bank balances	1,487	1,743
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of
	month (should equal item 4.6 above)	1,487	1,743

6.	Payments to directors of the entity and their associates	Current month
		(December 2019)
		$A'000
6.1	Aggregate amount of payments to these parties included in item 1.2	33

6.2 Aggregate amount of cash flow from loans to these parties included

in item 2.3

-

6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

- Directors fees and consulting services.

+ See chapter 19 for defined terms
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

7.	Payments to related entities of the entity and their	Current month
	associates	(December 2019)
		$A'000

1. Aggregate amount of payments to these parties included in item 1.2
2. Aggregate amount of cash flow from loans to these parties included in item 2.3
3. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

-

-

-

8.	Financing facilities available	Total facility amount	Amount drawn at
	Add notes as necessary for an	at month end	month end
	understanding of the position	$A'000	$A'000
8.1	Loan facilities	-	-
8.2	Credit standby arrangements	-	-
8.3	Other (please specify)	-	-

8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after month end, include details of those facilities as well.

-

9.	Estimated cash outflows for next month		$A'000
9.1	Exploration and evaluation				4
9.2	Development				-
9.3	Production				-
9.4	Staff costs				-
9.5	Administration and corporate costs				56
9.6	Other (Wildcat Resources Limited acquisition cost)			170
9.7	Total estimated cash outflows				230
10.	Changes in tenements	Tenement	Nature of	Interest at	Interest at
	(items 2.1(b) and 2.2(b) above)	reference	interest	beginning	end of
		and location		of month	month
10.1	Interests in mining tenements and	-	-	-	-
	petroleum tenements lapsed,
	relinquished or reduced

10.2 Interests in mining tenements and petroleum tenements acquired or increased

EL6372 - NSW	Granted	-	100%
EL8606 - NSW	Granted	-	100%
EL7844 - NSW	Granted	-	100%

+ See chapter 19 for defined terms
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.

Sign here:	......Zane Lewis......................................	Date: 29 January 2020
	Company Secretary
Print name:	Zane Lewis

Notes

1. The monthly report provides a basis for informing the market how the entity's activities have been financed for the past month and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2. If this monthly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this monthly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

+ See chapter 19 for defined terms
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