Tyranna Resources : Quarterly Activities/Appendix 5B Cash Flow Report

26 April 2022

Quarterly Activities Report 31 March 2022

Tyranna Resources Ltd (Tyranna or the Company) provides shareholders its quarterly report for the three-month period ending 31 March 2022.

WA NICKEL PROJECTS

The Company has not progressed the next stage of exploration during the quarter due to the difficulties in accessing suitable geological expertise and planning for the next round of activities. The Company is focused on developing an effective strategy to explore the projects with a dedicated team in place to drive performance and cost effectively run the exploration program. Assessment of historical work undertaken and identification of the next steps prior to any drilling being undertaken is the key priority for the Board.

Weebo Gold Project

The Company sees potential in further exploration at the Weebo Gold Project. From the limited work undertaken at this point there are some immediate areas that require further investigation and the Company may look at detailed geophysics to identify potential drilling targets in the northern portion of the project area. There is a general lack of drilling on the prospects and the Company will focus on developing a systematic strategy to further investigate the potential as soon as possible.

OTHER PROJECTS

Pacific Express Ni Project

Tyranna did not undertake any work program on this project during the quarter.

The project, located in northern NSW comprises a single licence (EL8733) for ~ 108 km. The area is prospective for lateritic Ni-Co mineralisation. Historical exploration has defined several target areas which require further investigation.

CORPORATE

Financial Snapshot

The Company's net cashflow used in operations for the quarter was $117k. The operational expenses mainly comprised of Exploration and Evaluation expenditure ($13k) and Administration and corporate costs ($104k).

The Company's cash position at the of the quarter is $2,029k.

Level 3, 101 St Georges Terrace, PERTH WA 6000 | GPO Box 2704, PERTH WA 6001

T [phone] | F [phone] | [e-mail]| W tyrannaresources.com

ASX TYX | ABN 79 124 990 405

Listing Rule 5.4.5

In item 6 of the attached Appendix 5B, payments to related parties of approximately $30k comprising of director remuneration ($20k), bookkeeping ($5k), and serviced office ($5k) were paid during the quarter.

Authorised by the Board of Tyranna Resources Ltd

Joe Graziano

Director

Appendix 1: Mining Tenements as at 31 March 2022

Western Australia Tenement Schedule
Exploration License No	Tenement Name	Registered Holder	Interest at Beginning of Qtr	Interest at End of Qtr
E37/1353	Weebo	Tyranna Resources Ltd	100%	100%
E37/1342	Weebo	Tyranna Resources Ltd	100%	100%
E37/1366	Knight	Clean Power Resources Pty Ltd	100%	100%
E29/1034	Dragon	Clean Power Resources Pty Ltd	100%	100%

New South Wales Tenement Schedule
Exploration License No	Tenement Name	Registered Holder	Interest at Beginning of Qtr	Interest at End of Qtr
EL8733	Pacific Express	Clean Power Resources Pty Ltd	100%	100%

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Name of entity

TYRANNA RESOURCES LIMITEDABN

79 124 990 405

Quarter ended ("current quarter")

31 March 2022

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 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 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities	(13) - - - (104) - - - - - -	(325) - - - (465) - - - - - -
(117)	(790)

2. 2.1

Cash flows from investing activities Payments to acquire or for:

(a)	entities	-	-
(b)	tenements	-	-
(c)	property, plant and equipment	-	-
(d)	exploration & evaluation	-	-
(e)	investments	-	-
(f)	other non-current assets	-	-
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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter $A'000	Year to date (9 months) $A'000
2.2 Proceeds from the disposal of: (a) entities (b) tenements (c) property, plant and equipment (d) investments (e) 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 activities	- - - - - - - -	- 2,400 - - - - - -
-	2,400

3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities	- - - - - - - - -	- - - - - - - - -
-	-

4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 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)	2,146 (117) - -	419 (790) 2,400 -

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