Magnis Resources : QUARTERLY CASH FLOW REPORT TO 31 DEC 2015

Appendix 5B - Mining exploration entity quarterly report

Appendix 5B Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Rule 5.3

Name of entity

Magnis Resources Limited

ABN	Quarter ended ("current quarter")
26 115 111 763	31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date (6 months) $A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for (a) exploration & evaluation development production administration	(2,884) - - (902)	(4,510) - - (1,904)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	6	11
1.5	Interest and other costs of finance paid	-	-
1.6	Income and other taxes paid	-	-
1.7	Other	-	9
Net Operating Cash Flows		(3,780)	(6,394)
Cash flows related to investing activities		- - (23)	- - (28)
1.8	Payment for purchases of: prospects equity investments other fixed assets
1.9	Proceeds from sale of: prospects* equity investments other fixed assets	- - -	- - -
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other (provide details if material) (net)	-	-
Net investing cash flows		(23)	(28)
1.13	Total operating and investing cash flows (carried forward)	(3,803)	(6,422)

Cash flows related to financing activities		3,951	5180
1.14	Proceeds from issues of shares, options, etc.
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		3,951	5,180
Net increase (decrease) in cash held		148	(1,242)
1.20	Cash at beginning of quarter/year to date	1,452	2,817
1.21	Exchange rate adjustments to item 1.20	(20)	5
1.22	Cash at end of quarter	1,580	1,580

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

Current quarter $A'000

203

-

1. Aggregate amount of payments to the parties included in item 1.2

2. Aggregate amount of loans to the parties included in item 1.10

3. Explanation necessary for an understanding of the transactions

Directors' remuneration entitlements, expenses and consulting fees.

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
-

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
-

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	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

$A'000
4.1	Exploration and evaluation	1,706
4.2	Development	-
4.3	Production	-
4.4	Administration	1,009
Total Net Cash Outflow		2,715

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	1,580	1,452
5.2	Deposits at call	-	-
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
Total: cash at end of quarter (item 1.22)		1,580	1,452

Changes in interests in mining tenements

Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
PL5726/2009	Holder	100%	0%

1. Interests in mining tenements relinquished, reduced or lapsed

   
   

   
   

2. Interests in mining tenements acquired or increased