01-05-2017: 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
First Graphite Limited
ABN	Quarter ended ("current quarter")
50 007 870 760	31 March 2017

Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
1.	Cash flows from operating activities	(80)	(500)
1.1	Receipts from customers
1.2	Payments for
(a) exploration & evaluation
(b) research & development		(364)	(922)
(c) production		(416)	(1,315)
(d) staff costs		(113)	(341)
(e) administration and corporate costs		(337)	(706)
1.3	Dividends received (see note 3)	3	6
1.4	Interest received
1.5	Interest and other costs of finance paid	(3)	(8)
1.6	Income taxes paid	363	363
1.7	Research and development refunds
1.8	Other (provide details if material)
1.9	Net cash from / (used in) operating activities	(947)	(3,423)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

4. tenements (see item 10)

5. (9) (123)

   Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
   (c) investments
   (d) other non-current assets
   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	(9)	(123)
   activities

6. Cash flows from financing activities

7. Proceeds from issues of shares

8. Proceeds from issue of convertible notes

9. Proceeds from exercise of share options

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

11. Proceeds from borrowings

12. Repayment of borrowings

13. Transaction costs related to loans and borrowings

14. Dividends paid

15. Other (provide details if material)

16. 3.10 Net cash from / (used in) financing activities

3,696

2

(232)

(5)

3,722

4

(232)

(15)

3,461

3,479

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

   519	3,101
   (947)	(3,423)
   (9)	(123)
   3,461	3,479

2. Cash and cash equivalents at beginning of period

3. Net cash from / (used in) operating activities (item 1.9 above)

4. Net cash from / (used in) investing activities (item 2.6 above)

5. Net cash from / (used in) financing activities (item 3.10 above)

6. Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
   4.5	Effect of movement in exchange rates on cash held	(28)	(38)
   4.6	Cash and cash equivalents at end of period	2,996	2,996

   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 $A'000	Previous quarter $A'000
   5.1	Bank balances	2,908	371
   5.2	Call deposits	88	148
   5.3	Bank overdrafts
   5.4	Other (provide details)
   5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	2,996	519

   Current quarter $A'000

   209
7. Payments to directors of the entity and their associates

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

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

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

    Payment of Director fees and consulting fees paid to director-related entities.

    Current quarter $A'000

    -

    -

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

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

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

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

    -

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

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

16. Loan facilities

17. Credit standby arrangements

18. Other (please specify)

19. 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.

20. 9.	Estimated cash outflows for next quarter	$A'000
    9.1	Exploration and evaluation	40
    9.2	Research & Development	50
    9.3	Production	420
    9.4	Staff costs	113
    9.5	Administration and corporate costs	113
    9.6	Other (provide details if material)
    9.7	Total estimated cash outflows	736

    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