Aphrodite Gold : Quarterly Cashflow 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, 01/05/13, 01/09/16

Name of entity

APHRODITE GOLD LIMITED

ABN Quarter ended ("current quarter")

61 138 879 928 31 DECEMBER 2016

Consolidated statement of cash flows Currentquarter $A'000 Year to date (....6...months) $A'000

1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
(a) exploration & evaluation	(1,173)	(1,597)
(b) development
(c) production
(d) staff costs
(e) administration and corporate costs	(197)	(538)
1.3	Dividends received (see note 3)
1.4	Interest received
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)	47
1.9	Net cash from / (used in) operating activities	(1,370)	(2,088)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

4. tenements (see item 10)

5. investments

6. other non-current assets

   Consolidated statement of cash flows Currentquarter $A'000

7. Proceeds from the disposal of:

8. property, plant and equipment

9. tenements (see item 10)

10. investments

11. other non-current assets

12. Cash flows from loans to other entities

13. Dividends received (see note 3)

14. Other (provide details if material)

    2.6 Net cash from / (used in) investing activities Year to date (....6...months) $A'000
15. Cash flows from financing activities

16. Proceeds from issues of shares

17. Proceeds from issue of convertible notes

18. Proceeds from exercise of share options

19. Transaction costs related to issues of shares, convertible notes or options

20. Proceeds from borrowings

21. Repayment of borrowings

22. Transaction costs related to loans and borrowings

23. Dividends paid

24. Other (provide details if material)

3.10 Net cash from / (used in) financing activities

2,447

2,447

4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of period	3,723	1,994
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(1,370)	(2,088)
4.3	Net cash from / (used in) investing activities (item 2.6 above)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	2,447
4.5	Effect of movement in exchange rates on cash held
4.6	Cash and cash equivalents at end of period	2,353	2,353

1. 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 $A'000 Previous quarter $A'000

2. Bank balances 2,353 3,723

3. Call deposits

4. Bank overdrafts

5. Other (provide details)

   5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 2,353 3,723
6. Payments to directors of the entity and their associates Currentquarter $A'000

7. Aggregate amount of payments to these parties included in item 1.2 53

8. Aggregate amount of cash flow from loans to these parties included in item 2.3

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

   Director fees and service fees paid to RMS (Aust) Pty Ltd, an entity in which the Chairman has an interest.

10. Payments to related entities of the entity and their associates

11. Aggregate amount of payments to these parties included in item 1.2

12. Aggregate amount of cash flow from loans to these parties included in item 2.3

    Current quarter $A'000

13. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

14. Financing facilities available Add notes as necessary for an understanding of the position

15. Loan facilities

16. Credit standby arrangements

17. Other (please specify)

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

18. 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
9.2	Development	647
9.3	Production
9.4	Staff costs
9.5	Administration and corporate costs	384
9.6	Other (provide details if material)
9.7	Total estimated cash outflows	1,031

10.	Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
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