Prairie Mining Ltd.

Earnings Release • Oct 30, 2015

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RNS Number : 9383D

Prairie Mining Limited

30 October 2015

Rule 5.5

Appendix 5B

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, 01/05/2013

Name of entity
Prairie Mining Limited

ABN		Quarter ended ("current quarter")
23 008 677 852		30 September 2015

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date (3 months) $A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for      (a)  exploration & evaluation                              (b)  development                              (c)  production                              (d)  administration	(1,173) - - (163)	(1,173) - - (163)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	6	6
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other  (provide details if material)                              (a) Business development costs	(302)	(302)
	Net Operating Cash Flows	(1,632)	(1,632)
	Cash flows related to investing activities
1.8	Payment for purchases of:    (a)  prospects (b) equity investments (c) other fixed assets	- - -	- - -
1.9	Proceeds from sale of:           (a)  prospects (b)  equity investments (c)  other fixed assets	- - -	- - -
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other (provide details if material)	-	-
	Net investing cash flows	-	-
1.13	Total operating and investing cash flows (carried forward)	(1,628)	(1,628)

1.13	Total operating and investing cash flows (brought  forward)	(1,628)	(1,628)
	Cash flows related to financing activities
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) (a) proceeds from issue of convertible notes	15,000	15,000
	(b) costs from issue of convertible notes	(203)	(203)
	(c) Share issue transaction costs	(9)	(9)
	Net financing cash flows	14,788	14,788
	Net increase (decrease) in cash held	13,156	13,156
1.20	Cash at beginning of quarter/year to date	2,077	2,077
1.21	Exchange rate adjustments to item 1.20	1	1
1.22	Cash at end of quarter	15,234	15,234

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
1.23	Aggregate amount of payments to the parties included in item 1.2	(184)
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil
1.25	Explanation necessary for an understanding of the transactions
	Payments include executive remuneration (including bonuses), director fees, superannuation and provision of a fully serviced office.

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
	Not applicable

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
	Not applicable

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	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	1,500
4.2	Development	-
4.3	Production	-
4.4	Administration	200
	Total	1,700

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	3,434	2,077
5.2	Deposits at call	11,800	-
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	15,234	2,077

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
7.1	Preference +securities(description)
7.2	Changes during quarter (a)  Increases through issues (b)  Decreases through returns of capital, buy-backs, redemptions
7.3	+Ordinary securities	148,352,432	148,352,432
7.4	Changes during quarter (a)  Increases through issues (b)  Decreases through returns of capital, buy-backs	1,885,000	1,885,000	N/A	N/A
7.5	+Convertible debt securities(description)
7.6	Changes during quarter (a)  Increases through issues (b)  Decreases through securities matured, converted
7.7	Options(description and conversion factor)	Options: 1,250,000 1,500,000 1,600,000 4,460,000 2,265,000 1,400,000 Rights: 2,947,000 1,200,000	- - - - - - - -	Exercise price $0.25 $0.40 $0.35 $0.45 $0.60 $0.45 - -	Expiry date 30 Jun 2016 30 Jun 2016 30 Jun 2017 30 Jun 2017 30 Jun 2017 30 Jun 2018 30 Jun 2017 31 Dec 2020
7.8	Issued during quarter
7.9	Exercised during quarter	Rights: (1,885,000)	-	-	Expiry date 30 Sep 2015
7.10	Expired during quarter	-	-	-	-
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

Compliance statement

1             This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

2             This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here:              ……………………………………     Date: 30 October 2015

(Director/Company secretary)

Print name:            Dylan Browne

Notes

1             The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position.  An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2             The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period.  If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3             Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

4             The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

5             Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities.  If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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