Minbos Resources : Quarterly Cashflow Report-Quarter Ended 31 Dec.2015

Appendix 5B - Mining exploration entity quarterly report

Appendix 5B Rule 5.5

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, 01/05/2013

Name of entity

MINBOS RESOURCES LIMITED

ABN	Quarter ended ("current quarter")
93 141 175 493	31 December 2015

Current Quarter 31-Dec-15	Year to Date "6 Months"
$A'000	$A'000
Cash flows related to operating activities Receipts from product sales and related debtors Payments for exploration and evaluation development production administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (provide details if material) Net Operating Cash Flows	- (3) - - (18) - - - - - (21)	- (82) - - (98) - - - - - (180)
Cash flows related to investing activities Payment for purchases of: prospects equity investments other fixed assets Proceeds from sale of: prospects equity investments other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net Investing Cash Flows	- - - - - 3 - - - 3	- - - - - 3 - - - 3
1.13 Total operating and investing cash flows	(18)	(177)

Consolidated Statement of Cash Flows

Current Quarter 31-Dec-15	Year to Date "6 Months"
$A'000	$A'000
Cash flows related to financing activities	-	-
1.14 Proceeds from issues of shares & options (net of issue costs)
1.15 Proceeds from sale of forfeited shares	-	-
1.16 Proceeds from borrowings	-	-
1.17 Repayment of borrowings	-	-
1.18 Dividends paid	-	-
1.19 Other (provide details if material)	-	-
Net Financing Cash Flows	-	-
Net increase in cash held	(18)	(177)
1.20 Cash at beginning of quarter/year to date	34	193
1.21 Exchange rate adjustments to item 1.20	-	-
1.22 Cash at end of quarter	16	16

Consolidated Statement of Cash Flows Continued

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Current Quarter $A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	Nil
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

N/A

Non-cash financing and investing activities

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

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available $A'000	Amount used $A'000
3.1	Loan facilities	N/A	N/A
3.2	Credit standby arrangements	N/A	N/A

Estimated cash outflows for next quarter (1) (2)

$A'000
4.1	Exploration and evaluation	50
4.2	Development	-
4.3	Production	-
4.4	Administration	50
Total		100

(1) Estimated cash outflow will be minimal until Minbos completes the negotiations on amending the Cabinda JV. A subscription agreement for a material capital placement has been negotiated and will be implemented on the successful conclusion of the Cabinda JV negotiations.

(2) Minbos is expecting to finalize both the Cabinda JV negotiations and the capital placement in February.

Reconciliation of cash

Reconciliation 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	15	33
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)		16	34

Changes in interests in mining tenements

Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
N/A	N/A	N/A	N/A
Cacata licence Chivovo licence Chibuete licence Ueca licence Cambota licence	New licence issued New licence issued New licence issued New licence issued New licence issued	- - - - -	100% 100% 100% 100% 100%

1. Interests in mining tenements relinquished, reduced or lapsed

2. Interests in mining tenements acquired or increased (1)

(1) On 7 October 2015 the Company announced that the Angolan Ministry of Mines and Geology (MGM) had issued the new licence for the Cacata deposit. The new licence (014/04/09T.P/ANG.MGM.2015) has been issued for a five year period expiring on 25 September 2020 and is renewable for a further two years.

On 27 October 2015 the Company announced that the MGM had issued the new licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando Deposits (Remaining Deposits). The new licence (015/01/10/T.P/ANG.MGM.2015) has been issued for a five year period expiring on 14 October 2020 and is renewable for a further two years. The two new licences (Cacata and the remaining Deposits) replaces the previous exploration permit (006/06/01/L.P./GOV.ANG.MGM.2010).

Issued and quoted securities at end of current quarter

Description 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)
Preference +securities (description) (a) Increases through issues Changes during quarter (b) Decreases through returns of capital, buy-backs, redemptions	-	-	-	-
	-	-	-	-
	-	-	-	-
7.3 +Ordinary securities Changes during quarter Increases through issues Exercise of options Decreases through return of capital, buy-backs Increase pursuant to underwriting of options	1,376,224,881	1,376,224,881	-	-
	9,075,000	9,075,000	$ 0.004	100%
	-	-	-	-
	-	-	-	-
	-	-	-	-
7.5 +Convertible securities - Performance rights Changes during quarter Increases through issues Decreases through securities matured, converted	237,829,976	-	-	-
	237,829,976
	-	-	-	-
7.7 Options (description and conversion factor)	1,150,000	-	Exercise price	Expiry date
Placement Options; no vesting period			$0.0937	08/03/2016
Director Options; no vesting period	88,333,333	-	$0.01	30/12/2016
Consultancy Options; no vesting period	30,000,000	-	$0.01	30/12/2016
Conversion of Convertible note; no vesting period	100,000,000	-	$0.01	30/12/2016
Conversion of Convertible note; no vesting period	83,333,332	-	$0.01	30/12/2016
Consideration for Convertible Security; no vesting period	10,000,000	-	$0.01	30/12/2016
312,816,665
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)	-	-	-	-