ARDIDEN LTD — Interim / Quarterly Report 2016

Jan 22, 2017

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

+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, 01/05/13, 01/09/16

Name of entity

Ardiden Limited ABN Quarter ended (“current quarter”) 82 110 884 252 31 December 2016

Consolidated statement of cash flows	Currentquarter$A’000	Year to date(6 Months)$A’000
1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) exploration & evaluation(b) development(c) production(d) staff costs(e) administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Research and development refunds1.8Other (provide details if material)1.9Net cash from / (used in) operatingactivities	-(650)--(93)(73)-26----	-(910)--(209)(176)-30----
	(790)	(1,265)
2.Cash flows from investing activities2.1Payments to acquire:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assets	-(56)--	-(237)--

• See chapter 19 for defined terms

1 September 2016

Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

	C	onsolidated statement of cash flows	Currentquarter			Year to date(6 Months)
			$A’000			$A’000
	2.2.2.2.2.	2Proceeds from the disposal of:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assets3Cash flows from loans to other entities4Dividends received (see note 3)5Other (provide details if material)6Net cash from / (used in) investingactivities	-------
						-------
			(56)			(237)
	3.3.3.3.3.3.	Cash flows from financing activities1Proceeds from issues of shares2Proceeds from issue of convertible notes3Proceeds from exercise of share options4Transaction costs related to issues ofshares, convertible notes or options5Proceeds from borrowings	-----			---(187)-
	3.3.3.3.3	Repayment of borrowings7Transaction costs related to loans andborrowings8Dividends paid9Other (provide details if material)0N h f / d i fii	----			-
						---
						187
	.et cas rom (use n) nancngactivities		-	()
	4.Net increase / (decrease) in cash andcash equivalents for the period4.1Cash 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)4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofperiod		3,189(790)(56)--	4,032(1,265)(237)(187)-
			2,343	2,343

• See chapter 19 for defined terms

1 September 2016

Page 2

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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	343	689
5.2	Call deposits	2,000	2,500
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	2,343	3,189
	quarter (should equal item 4.6 above)
6.	Payments to directors of the entity and their associates		Current quarter
			$A'000
6.1	Aggregate amount of payments to these parties included in item 1.2		93
6.2	Aggregate amount of cash flow from loans to	these parties included	-
	in item 2.3
6.3	Include below any explanation necessary to understand the transactions included in items 6.1
	and 6.2

Payments of director’s remuneration, consulting, accounting, company secretarial and rental fees.

7.	Payments to related entities of the entity and their	Current quarter
	associates	$A'000
7.1	Aggregate amount of payments to these parties included in item 1.2	-
7.2	Aggregate amount of cash flow from loans to these parties included	-
	in item 2.3
7.3	Include below any explanation necessary to understand the transactions included in items 7.1
	and 7.2

N/A.

	8.Financing facilities availableAdd notes as necessary for anunderstanding of the positionTotal facility amountat quarter end$A’000Amount drawn atquarter end$A’0008.1Loan facilitiesN/AN/A8.2Credit standby arrangementsN/AN/A8.3Other (please specify)N/AN/A8.4Include below a description of each facility above, including the lender, interest rate andwhether it is secured or unsecured. If any additional facilities have been entered into or areproposed to be entered into after quarter end, include details of those facilities as well.	Total facility amountat quarter end$A’000	Amount drawn atquarter end$A’000
		N/A	N/A
		N/A	N/A
		N/A	N/A

• See chapter 19 for defined terms 1 September 2016

Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

9.Estimated cash outflows for next quarter	$A’000
9.1Exploration and evaluation9.2Development9.3Production9.4Staff costs9.5Administration and corporate costs9.6Other (provide details if material)9.7Total estimated cash outflows	450--12963-
	642

10.Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	Interest atbeginningof quarter	Interestat end ofquarter
10.1Interests in miningtenements andpetroleum tenementslapsed, relinquishedor reduced	N/A	N/A	N/A	N/A
10.2Interests in miningtenements andpetroleum tenementsacquired or increased	4279892	Acquisition	0%	100%

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.

Sign here:

............................................................ Company secretary

Date: 23 January 2017

Print name: Arron Canicais

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly 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 report has been

• See chapter 19 for defined terms 1 September 2016

Page 4

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

1. 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.

• See chapter 19 for defined terms 1 September 2016

Page 5