Genesis Minerals : Quarterly Cash Flow Report - December 2019

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

quarterly 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

Genesis Minerals Limited

ABN	Quarter ended ("current quarter")
72 124 772 041	31 December 2019

Consolidated statement of cash flows

Current quarter	Year to date
$A'000	(6 months)
	$A'000

1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a)	exploration & evaluation	(2,210)	(3,312)
	(b)	development
	(c)	production
	(d)	staff costs	(151)	(300)
	(e) administration and corporate costs	(200)	(389)
1.3	Dividends received (see note 3)
1.4	Interest received	2	7
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Research and development refunds
1.8	Other (provide details if material)
1.9	Net cash from / (used in) operating	(2,559)	(3,994)
	activities

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

Consolidated statement of cash flows

Current quarter	Year to date
$A'000	(6 months)
	$A'000

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
2.4	Dividends received (see note 3)
2.5	Other (provide details if material)
2.6	Net cash from / (used in) investing	-	-
	activities

3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	7,564
3.2	Proceeds from issue of convertible notes
3.3	Proceeds from exercise of share options
3.4	Transaction costs related to issues of	(28)	(171)
	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	(28)	7,393
	activities

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

4.1	Cash and cash equivalents at beginning of	8,594	2,608
	period
4.2	Net cash from / (used in) operating	(2,559)	(3,994)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	-	-
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	(28)	7,393
	(item 3.10 above)

4.5 Effect of movement in exchange rates on cash held

4.6	Cash and cash equivalents at end of	6,007	6,007
	period
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

5. Reconciliation of cash and cash equivalents

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

Current quarter	Previous quarter
$A'000	$A'000

5.1	Bank balances	5,987	8,574
5.2	Call deposits	20	20
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	6,007	8,594
	quarter (should equal item 4.6 above)

6.	Payments to directors of the entity and their associates	Current quarter
		$A'000
6.1	Aggregate amount of payments to these parties included in item 1.2	92

1. Aggregate amount of cash flow from loans to these parties included in item 2.3
2. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

7.	Payments to related entities of the entity and their	Current quarter
	associates	$A'000
7.1	Aggregate amount of payments to these parties included in item 1.2	-

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

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

8.	Financing facilities available	Total facility amount	Amount drawn at
	Add notes as necessary for an	at quarter end	quarter 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 quarter end, include details of those facilities as well.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation			1,000
9.2	Development				-
9.3	Production				-
9.4	Staff costs				155
9.5	Administration and corporate costs			220
9.6	Other (provide details if material)			-
9.7	Total estimated cash outflows			1,375
10.	Changes in	Tenement	Nature of interest	Interest at	Interest
	tenements	reference		beginning	at end of
	(items 2.1(b) and	and		of quarter	quarter
	2.2(b) above)	location
10.1	Interests in mining
	tenements and
	petroleum tenements
	lapsed, relinquished
	or reduced
10.2	Interests in mining	E40/371	Owner	-%	100%
	tenements and	Ulysses
	petroleum tenements	Project
	acquired or increased	Western
		Australia
		Genesis Minerals holds the right to earn-in to an initial 60 per cent
		interest in the Desdemona South JV Gold Project, with the
		potential to earn up to a maximum 80 per cent stake. The
		Desdemona South JV Gold Project is located south of Leonora in
		Western Australia.
		E37/1326	Right to Earn 80%	-%	-%
		E40/283	Right to Earn 80%	-%	-%
		E40/285	Right to Earn 80%	-%	-%
		E40/323	Right to Earn 80%	-%	-%
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

E40/366	Right to Earn 80%	-%	-%
E40/369	Right to Earn 80%	-%	-%
M40/346	Right to Earn 80%	-%	-%
P40/1283 Right to Earn 80%	-%	-%
P40/1464 Right to Earn 80%	-%	-%

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:	........................................................... Date: 17 January 2020
	(Company Secretary)
Print name:	Geoff James

Notes

1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter 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 quarterly 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 quarterly 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.

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

Schedule of Exploration Tenements held as at 31 December 2019 - Listing Rule 5.3.3

				Interest	Interest
	Project	Location	Tenement	at Start of	at End of
	ID	Quarter	Quarter
				(%)	(%)
	Ulysses	Western Australia	E40/295	100	100
	Ulysses	Western Australia	E40/312	100	100
	Ulysses	Western Australia	E40/359	100	100
	Ulysses	Western Australia	E40/371	-	100
	Ulysses	Western Australia	M40/166	100	100
	Ulysses	Western Australia	P37/9140	100	100
	Ulysses	Western Australia	P37/9141	100	100
	Ulysses	Western Australia	P37/9142	100	100
	Ulysses	Western Australia	P40/1449	100	100
	Ulysses	Western Australia	P40/1457	100	100
	Ulysses	Western Australia	P40/1342	100	100
	Ulysses	Western Australia	P40/1343	100	100
	Ulysses	Western Australia	P40/1396	100	100
	Barimaia	Western Australia	E58/497	Note 1	Note 1
	Barimaia	Western Australia	M58/361	Note 1	Note 1
	Barimaia	Western Australia	P58/1654	Note 1	Note 1
	Barimaia	Western Australia	P58/1655	Note 1	Note 1
	Barimaia	Western Australia	P58/1686	Note 1	Note 1
	Barimaia	Western Australia	P58/1687	Note 1	Note 1
	Barimaia	Western Australia	P58/1688	Note 1	Note 1
	Barimaia	Western Australia	P58/1689	Note 1	Note 1
	Barimaia	Western Australia	P58/1690	Note 1	Note 1
	Barimaia	Western Australia	P58/1691	Note 1	Note 1
	Barimaia	Western Australia	P58/1692	Note 1	Note 1
	Barimaia	Western Australia	P58/1751	Note 1	Note 1
	Barimaia	Western Australia	P58/1752	Note 1	Note 1
	Barimaia	Western Australia	P58/1762	Note 1	Note 1
	Barimaia	Western Australia	P58/1763	Note 1	Note 1
	Barimaia	Western Australia	P58/1764	Note 1	Note 1
	Barimaia	Western Australia	P58/1765	Note 1	Note 1
	Desdemona South	Western Australia	E37/1326	Note 2	Note 2
	Desdemona South	Western Australia	E40/283	Note 2	Note 2
	Desdemona South	Western Australia	E40/285	Note 2	Note 2
	Desdemona South	Western Australia	E40/323	Note 2	Note 2
	Desdemona South	Western Australia	E40/366	Note 2	Note 2
	Desdemona South	Western Australia	E40/369	Note 2	Note 2
	Desdemona South	Western Australia	M40/346	Note 2	Note 2
	Desdemona South	Western Australia	P40/1283	Note 2	Note 2
	Desdemona South	Western Australia	P40/1464	Note 2	Note 2
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Notes:

1. The Company has earned a 65 per cent interest in the Barimaia Gold Project (the Mt Magnet JV).
2. The Company holds the right to earn-in to an initial 60 per cent interest in the Desdemona South JV Gold Project, with the potential to earn up to a maximum 80 per cent stake.

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