Genesis Minerals : Quarterly Cashflow Report

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	30 September 2019

Consolidated statement of cash flows

Current quarter	Year to date
$A'000	(3 months)
	$A'000

1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a)	exploration & evaluation	(1,101)	(1,101)
	(b)	development
	(c)	production
	(d)	staff costs	(150)	(150)
	(e) administration and corporate costs	(189)	(189)
1.3	Dividends received (see note 3)
1.4	Interest received	5	5
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	(1,435)	(1,435)
	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	(3 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	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	(143)	(143)
	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	7,421	7,421
	activities

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

4.1	Cash and cash equivalents at beginning of
	period	2,608	2,608
4.2	Net cash from / (used in) operating	(1,435)	(1,435)
	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	7,421	7,421
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	8,594	8,594
	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	8,574	1,088
5.2	Call deposits	20	1,520
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	8,594	2,608
	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	110

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

Add notes as necessary for an understanding of the position

1. Loan facilities
2. Credit standby arrangements
3. Other (please specify)

Total facility amount	Amount drawn at
at quarter end	quarter end
$A'000	$A'000

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
9.1	Exploration and evaluation
9.2	Development
9.3	Production
9.4	Staff costs
9.5	Administration and corporate costs
9.6	Other (provide details if material)
9.7	Total estimated cash outflows
10.	Changes in	Tenement Nature of interest
	tenements	reference
	(items 2.1(b) and	and
	2.2(b) above)	location

1. Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
2. Interests in mining tenements and petroleum tenements acquired or increased

$A'000

	1,150
	-
	-
	150
	200
	-
	1,500
Interest at	Interest
beginning	at end of
of quarter	quarter

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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:	........................................................... Date: 28 October 2019
	(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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