Valor Resources : Quarterly Cashflow Report - Amended

ACN 076 390 451

Updated Appendix 5B

Valor Resources Limited ('Company') refers to the Appendix 5B Quarterly Cashflow Report lodged on 3 May 2021 and advises that the Report contained an administrative error in Section 8 Estimated cash available for future operating activities whereby Payments for exploration & evaluation classified as investing activities (item 2.1(d)) should have included a figure of $170,000. Accordingly, Estimated quarters of funding available is 2.89 quarters. The corrected Appendix 5B Quarterly Cashflow Report for March 2021 Quarter is attached.

Please contact Paula Smith if there are any questions in relation to this notice.

Authorised for release by the Company Secretary on behalf of the Board of Directors.

Paula Smith

Company Secretary

Valor Resources Limited

22 Lindsay Street, Perth WA 6000

P.O. Box 8546, Perth BC WA 6849

Ph [phone], Fax [phone]

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity

quarterly cash flow report

Name of entity

VALOR RESOURCES LIMITED
ABN	Quarter ended ("current quarter")
88 076 390 451	31 March 2021

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(12 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	(372)	(735)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	-	-
1.5	Interest and other costs of finance paid	-	(1)
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	-
1.8	Other (VAT refund)	292	292
1.9	Net cash from / (used in) operating	(80)	(444)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	entities	-	-
	(b)	tenements	-	-
	(c)	investments	-	-
	(d)	exploration & evaluation	(170)	(244)
	(e)	investments	-	-
	(f)	other non-current assets	-	-
ASX Listing Rules Appendix 5B (17/07/20)		Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(12 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)	10	10
2.6	Net cash from / (used in) investing	(160)	(234)
	activities

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

	(excluding convertible debt securities)	800	800
3.2	Proceeds from issue of convertible debt	-	-
	securities
3.3	Proceeds from issue of options	2	2
3.4	Transaction costs related to issues of equity	(53)	(53)
	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	749	749
	activities

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

4.1	Cash and cash equivalents at beginning of	209	626
	period
4.2	Net cash from / (used in) operating	(80)	(444)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(160)	(234)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	749	749
	(item 3.10 above)
ASX Listing Rules Appendix 5B (17/07/20)		Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

Consolidated statement of cash flows

1. Effect of movement in exchange rates on cash held
2. Cash and cash equivalents at end of period

Current quarter	Year to date
$A'000	(12 months)
	$A'000
4	26
722	722

5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$A'000	$A'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	722	209
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	722	209
	quarter (should equal item 4.6 above)

6.	Payments to related parties of the entity and their	Current quarter
	associates	$A'000
6.1	Aggregate amount of payments to related parties and their	149
	associates included in item 1
6.2	Aggregate amount of payments to related parties and their	-
	associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

ASX Listing Rules Appendix 5B (17/07/20)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

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

7.5

Unused financing facilities available at quarter end

-

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (item 1.9)	(80)
8.2	(Payments for exploration & evaluation classified as investing	(170)
	activities) (item 2.1(d))
8.3	Total relevant outgoings (item 8.1 + item 8.2)	(250)
8.4	Cash and cash equivalents at quarter end (item 4.6)	722
8.5	Unused finance facilities available at quarter end (item 7.5)	-
8.6	Total available funding (item 8.4 + item 8.5)	722
8.7	Estimated quarters of funding available (item 8.6 divided by	2.89
item 8.3)
	Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as "N/A".
	Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8	If item 8.7 is less than 2 quarters, please provide answers to the following questions:

8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: N/A

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: N/A

8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/A

Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

ASX Listing Rules Appendix 5B (17/07/20)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.