Luiri Gold : Half Year Financial Report

LUIRI GOLD LIMITED‌ EXEMPT COMPANY NO. 46884 ARBN 139 588 926

Half-year Report 30 June 2017‌

LUIRI GOLD LIMITED

EXEMPT COMPANY - 46884 CONTENTS

Corporate information 1

Directors' report 2

Condensed statement of comprehensive income 3

Condensed statement of financial position 4

Condensed statement of changes in equity 5

Condensed statement of cash flows 6

Notes to the condensed financial statements 7

Directors' declaration 10

Independent auditor's review report 11

CORPORATE INFORMATION

Directors Rob Brown

Stuart Murray Angela Pankhurst Peter Hawkins

Company secretary Angela Pankhurst

Registered office Clarendon House 2 Church Street

Hamilton, Bermuda

Australian office c/- Westland Settlements Pty Ltd Suite 5, 9 Bowman Street

South Perth, Western Australia 6151 Telephone: [phone]

Facsimile: [phone]

Share registry Computershare Investor Services Pty Ltd Reserve Bank Building

Level 11, 172 St Georges Terrace Perth, Western Australia 6000

Auditors HLB Mann Judd

Chartered Accountants Level 4, 130 Stirling Street

Perth, Western Australia 6000

Solicitors HWL Ebsworth Lawyers

Level 11, 167 St Georges Terrace Perth, Western Australia 6000

ASX code Luiri Gold Limited is listed on the Australian Securities Exchange (Shares: LGM)

Website www.luirigold.com

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LUIRI GOLD LIMITED

DIRECTORS' REPORT

Your Directors present their financial report for the half-year ended 30 June 2017. The financial report is prepared in accordance with the Bermudian Companies Act, 1981.

Directors

The following persons were Directors of Luiri Gold Limited (the Company or Luiri) during the whole of the period and up to the date of this report unless otherwise stated:

Robert Brown - Non-executive Chairman Stuart Murray - Managing Director Peter Hawkins - Non-Executive Director Angela Pankhurst - Executive Director

Review of operations

The Company sold its interests in the Luiri Hill Gold Project in 2014 and currently has no operations.

Corporate

In late 2016 the Board identified the potential investment in Aluminium Metal Recyclers (Pty) Ltd and, in the first half of 2017, negotiated the transaction which was completed subsequent to balance date.

Administration costs are being kept to a minimum and directors' fees will be paid in shares, subject to shareholder approval, to preserve cash.

Subsequent Events

On 7 September 2017, the Company announced the planned acquisition of Aluminium Metal Recyclers (Pty) Ltd, the raising of $1.5 million @ $0.003/share and delisting from ASX, subject to shareholder approval. The Company's AGM, to be held on or around 12 October, will include resolutions to give effect to the transaction.

An entity related to Managing Director Stuart Murray loaned the Company $25,000 in July, interest free with no fixed repayment terms.

This report is signed in accordance with a resolution of Directors.

Angela Pankhurst Director/Company Secretary

Perth

7 September 2017

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