ARCHER MATERIALS LIMITED — Interim / Quarterly Report 2020

Jan 28, 2021

Rule 5.5

Appendix 5B

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

Name of entity Archer Materials Limited ABN Quarter ended (“current quarter”) 64 123 993 233 31 December 2020

Consolidated statement of cash flows	Current quarter$A’000	Year to date(6 months)$A’000
1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) exploration & evaluation (if expensed)(b) development(c) production(d) staff costs (net of capitalised wages &Commonwealth Govt. cashflowstimulus)(e) administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Government grants and tax incentives –R&D tax incentive1.8Other (provide details if material)1.9Net cash from / (used in) operatingactivities	(462)(229)1238	(874)(501)10238
	(452)	(1,127)
2.Cash flows from investing activities2.1Payments to acquire:(a) entities(b) tenements(c) property, plant and equipment(d) exploration & evaluation (if capitalised)(e) investments(f)other non-current assets – Intangibles	(2)(87)-	(23)(213)-

ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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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$A’000	Year to date(6 months)$A’000
2.2Proceeds from the disposal of:(a) entities(b) tenements(c) property, plant and equipment(d) investments(e) other non-current assets – IntellectualProperty2.3Cash flows from loans to other entities2.4Dividends received (see note 3)2.5Other (provide details if material) - depositreceived relating to the sale of twoexploration licences.2.6Net cash from / (used in) investingactivities	-(21)50	-(21)50
	(60)	(207)
3.Cash flows from financing activities3.1Proceeds from issues of equity securities(excluding convertible debt securities)3.2Proceeds from issue of convertible debtsecurities3.3Proceeds from exercise of options3.4Transaction costs related to issues of equitysecurities or convertible debt securities3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other (provide details if material)3.10Net cash from / (used in) financingactivities	-93-	-151-
	93	151
4.Net increase / (decrease) in cash andcash equivalents for the period
4.1Cash and cash equivalents at beginning ofperiod4.2Net cash from / (used in) operatingactivities (item 1.9 above)4.3Net cash from / (used in) investing activities(item 2.6 above)4.4Net cash from / (used in) financing activities(item 3.10 above)	7,351(452)(60)93	8,115(1,127)(207)151

ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$A’000	Year to date(6 months)$A’000
4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofperiod		-	-
		6,932	6,932
5.Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to the	Current quarter$A’000	Previous quarte$A’000
5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details)5.5Cash and cash equivalents at end ofquarter (should equal item 4.6 above)		5,8111,121	6,2301,121
		6,932	7,351

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	138
	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.

		6.Payments to related parties of the entity and theirassociates6.1Aggregate amount of payments to related parties and theirassociates included in item 16.2Aggregate amount of payments to related parties and theirassociates included in item 2	6.Payments to related parties of the entity and theirassociates6.1Aggregate amount of payments to related parties and theirassociates included in item 16.2Aggregate amount of payments to related parties and theirassociates included in item 2	6.Payments to related parties of the entity and theirassociates6.1Aggregate amount of payments to related parties and theirassociates included in item 16.2Aggregate amount of payments to related parties and theirassociates included in item 2	Current quarter$A'000	Current quarter$A'000
					138
					-
Note: if any amounts are shown in items 6.1 or 6.2, yoand an explanation for, such payments.
			ur quarterly activity report must include a description of
7.Financing facilitiesNote: the term “facility’ includes all forms of financiarrangements available to the entity.Add notes as necessary for an understanding of thsources of finance available to the entity.7.1Loan facilities7.2Credit standby arrangements7.3Other (please specify)7.4Total financing facilities7.5Unused financing facilities available a7.6Include in the box below a description ofrate, maturity date and whether it is secufacilities have been entered into or are pinclude a note providing details of thosen/a
	7.Financing facilitiesNote: the term “facility’ includes all forms of financiarrangements available to the entity.Add notes as necessary for an understanding of thsources of finance available to the entity.7.1Loan facilities7.2Credit standby arrangements7.3Other (please specify)7.4Total financing facilities7.5Unused financing facilities available a7.6Include in the box below a description ofrate, maturity date and whether it is secufacilities have been entered into or are pinclude a note providing details of those		ngeTotal facilityamount at quarterend$A’000Amount drawn aquarter end$A’000----t quarter endeach facility above, including the lender, interestred or unsecured. If any additional financingroposed to be entered into after quarter end,facilities as well.	Total facilityamount at quarterend$A’000	Amount drawn aquarter end$A’000	t
				-		-
				-		-
				-		-
				-		-
	n/a

ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

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

8.Estimated cash available for future operating activities	$A’000
8.1Net cash from / (used in) operating activities (Item 1.9)8.2Capitalised exploration & evaluation (Item 2.1(d))8.3Total relevant outgoings (Item 8.1 + Item 8.2)8.4Cash and cash equivalents at quarter end (Item 4.6)8.5Unused finance facilities available at quarter end (Item 7.5)8.6Total available funding (Item 8.4 + Item 8.5)8.7Estimated quarters of funding available (Item 8.6 divided byItem 8.3)	(452)(87)(539)6,932-6,932
	12 quarters

• 8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:

  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

1. 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

1. 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

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: .....29 January 2021.........................................................

Authorised by: ......By the Board..........................................................

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, 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. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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