ASPIRE MINING LIMITED — Interim / Quarterly Report 2015

Jan 28, 2016

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, 01/05/2013

Name of entity

Name of entity
ASPIRE MINING LIMITED
ABN 46 122 417 243	Quarter ended (“current quarter”)
46 122 417 243	31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from product sales and relateddebtors1.2Payments for (a) exploration & evaluation(b) development(c) production(d) administration(e) other1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other –GSTNet OperatingCash Flows	Current quarter$A’000	Year to date(6 months)$A’000
	2771(795)9(14)	(663)(1,641)27(3)
	(523)	(2,280)
Cash flows related to investing activities1.8Payment for purchases of:(a) prospects(b) equity investments(c) other fixed assets1.9Proceeds from sale of:(a) prospects(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)	24	11
	24	11
	(499)	(2,269)

1 Net of Noble contribution to rail concession costs

• See chapter 19 for defined terms.

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

1.13Total operating and investing cash flows(brought forward)	(499)	(2,269)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.19Other (capital raising costs)1.19Other (debt interest paid)Net financing cash flows	(161)	(103)(322)
	(161)	(425)
Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date1.21Exchange rate adjustments1.22Cash at end ofquarter	(660)2,105(23)	(2,694)4,03581
	1,422	1,422

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.231.24	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10	Current quarter$A'000
		54
1.25	Explanation necessaryfor an understandingof the transactions
	Directors’ fees

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1Loan facilities3.2Credit standby arrangements	Amount available$A’000	Amount used$A’000
	6,851	6,851

• See chapter 19 for defined terms.

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17/12/2010

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$A’000
	100
	500
Total	600

Reconciliation of cash

Recoshowto th	nciliation of cash at the end of the quarter (asn in the consolidated statement of cash flows)e related items in the accounts is as follows.	Current quarter$A’000	Previous quarter$A’000
5.15.25.35.4	Cash on hand and at bankDeposits at callBank overdraftOther (Term Deposits)	1,272	1,955
		150	150
	Total: cash at end of quarter(item 1.22)	1,422	2,105

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.

• 5.1 Cash on hand and at bank

• 5.2 Deposits at call

• 5.3 Bank overdraft

• 5.4 Other (Term Deposits)

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter

• See chapter 19 for defined terms.

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

Issued and quoted securities at end of current quarter

Description includes rate of	interest and anyredemption or conversion rights together withprices and dates.	interest and anyredemption or conversion rights together withprices and dates.	interest and anyredemption or conversion rights together withprices and dates.	interest and anyredemption or conversion rights together withprices and dates.
	Total number	Number quoted	Issue price persecurity (seenote3) (cents)	Amount paid upper security (seenote3) (cents)
7.1Preference**+**securities7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs,redemptions
7.3**+**Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs	928,288,306	928,288,306	Not applicable	Not applicable
7.5Performancerights7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted	46,500,000	-	Not applicable	Not applicable
7.7Options(description andconversionfactor)7.8Issued duringquarter7.9Exercisedduring quarter7.10Expired duringquarter	188,912,500	188,912,500	Nil	Not applicable
7.11Debentures(totals only)
7.12Unsecurednotes(totalsonly)

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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 give a true and fair view of the matters disclosed.

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Date: 29 January 2016

(Company Secretary)

Print name: Phil Rundell

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.

== == == == ==

• See chapter 19 for defined terms.

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