Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
ABN Quarter ended ("current quarter")
+ See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 1
Consolidated Statement of Cash Flows Continued Appendix 5B Mining exploration entity quarterly report(1) On 9 April 2015 the Company completed a capital placement of $890,000 (before costs), of which
$100,000 was received in the previous quarter.
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
1.23 Aggregate amount of payments to the parties included in item 1.2
- Director Fees
- Sofosa Service Agreement
- Legal Fees
54
214
32
1.24 Aggregate amount of loans to the parties included in item 1.10 Nil
1.25 Explanation necessary for an understanding of the transactions
1.23 - $54,000 paid in Director Fees, $213,695 paid under the Sofosa Service Agreement to a
Director related entity and $32,067 paid in legal fees to a Director related entity.
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
N/A
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
N/A
+ See chapter 19 for defined terms.
Appendix 5B Page 2 17/12/2010
Financing facilities availableAdd notes as necessary for an understanding of the position.
Appendix 5B Mining exploration entity quarterly report
3.1 Loan facilities
3.2 Credit standby arrangements
$A'000 | ||
4.1 | Exploration and evaluation | 20 |
4.2 | Development | - |
4.3 | Production | - |
4.4 | Administration | 100 |
Total | 120 |
(1) Cash outflow will be minimal until Minbos complete some of its strategic initiatives.
Reconciliation of cashReconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. | Current Quarter $A'000 | Previous Quarter $A'000 | |
5.1 | Cash on hand and at bank | 192 | 120 |
5.2 | Deposits at call | 1 | 1 |
5.3 | Bank overdraft | - | - |
5.4 | Other (provide details) | - | - |
Total: cash at end of quarter (item 1.22) | 193 | 121 |
6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
+ See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 3
Appendix 5B Mining exploration entity quarterly report Issued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number | Number quoted | Issue price per security (see note 3) | Amount paid up per security (see note 3) | |
7.1 Preference +securities (description) Changes during quarter 7.2 (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions | - | - | - | - |
7.1 Preference +securities (description) Changes during quarter 7.2 (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions | - - | - - | - - | - - |
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Exercise of options (c) Decreases through return of capital, buy-backs (d) Increase pursuant to underwriting of options | 1,367,149,881 | 1,367,149,881 | - | - |
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Exercise of options (c) Decreases through return of capital, buy-backs (d) Increase pursuant to underwriting of options | 178,000,000 - - - | 178,000,000 - - - | $ 0.005 - - - | Fully Paid - - - |
7.5 +Convertible securities 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | - - - | - - - | - - - | - - - |
7.7 Options (description and conversion factor) Placement Options; no vesting period Director Options; no vesting period Consultancy Options; no vesting period Conversion of Convertible note; no vesting period Conversion of Convertible note; no vesting period Consideration for Convertible Security; no vesting period 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | 1,150,000 88,333,333 30,000,000 100,000,000 83,333,332 10,000,000 312,816,665 | - - - - - - | Exercise price $0.0937 $0.01 $0.01 $0.01 $0.01 $0.01 | Expiry date 08/03/2016 30/12/2016 30/12/2016 30/12/2016 30/12/2016 30/12/2016 |
7.7 Options (description and conversion factor) Placement Options; no vesting period Director Options; no vesting period Consultancy Options; no vesting period Conversion of Convertible note; no vesting period Conversion of Convertible note; no vesting period Consideration for Convertible Security; no vesting period 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | - | - | - | - |
7.7 Options (description and conversion factor) Placement Options; no vesting period Director Options; no vesting period Consultancy Options; no vesting period Conversion of Convertible note; no vesting period Conversion of Convertible note; no vesting period Consideration for Convertible Security; no vesting period 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | - | - | - | - |
7.11 Debentures (totals only) | - | - | - | - |
7.12 Unsecured notes (totals only) | - | - | - | - |
+ See chapter 19 for defined terms.
Appendix 5B Page 4 17/12/2010
Compliance statement Appendix 5B Mining exploration entity quarterly report
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: | Company Secretary | Date: 31 July 2015 |
Print name: | STEF WEBER |
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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4 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.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
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+ See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 5
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