AUKING MINING LIMITED — Interim / Quarterly Report 2015

Jan 28, 2016

Appendix 5B

Mining exploration entity and oil and gas entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10, 17/12/10, 01/05/2013

Name of entity

CHINALCO YUNNAN COPPER RESOURCES LIMITED

Quarter ended (“current quarter”) 31 December 2015

	ABN 29 070 859 522 Consolidated statement of cash flows		Quarter ended (“current quarter”) 31 December 2015	Quarter ended (“current quarter”) 31 December 2015
			31 December 2015
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other: Payments for project generation Net Operating Cash Flows		Current quarter $A’000		Year to date (12 months) $A’000
		- (306) - - (223) - 2 - - (156)		- (1,432) - - (1,160) - 74 - - (398)
		(683)		(2,916)
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 Net outflow on deconsolidation of subsidiary 1.11 Loans repaid by other entities 1.12 Other – security deposits Net investing cash flows 1.13 Total operating and investing cash flows (carriedforward)		- - - - - 9 - - 11		- - (41) - - 9 (79) - 13
		20		(98)
		(663)		(3,014)

• See chapter 19 for defined terms.

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

1.13 Total operating and investing cash flows (broughtforward)	(663)	(3,014)
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 – securities issue costs Net financing cash flows	- - - - - -	- - - - - -
	-	-
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 **Cash at end ofquarter ***	(663) 820 -	(3,014) 3,171 -
	157	157

* Subsequent to the end of the quarter, CYU received a refund for DRC related costs of $257,494. At the date of this report and after payment of all current trade creditors, CYU had cash holdings of approximately $300,000.

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

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		114
		-
1.25	Explanation necessaryforanunderstanding ofthe transactions
	Executive and Non-Executive Directors remuneration and fees.

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas entity quarterly report

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

Nil

• 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

Nil

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000 - -	Amount used $A’000
		-
		-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	10
	-
	-
	190
Total	200

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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	117	780
	40	40
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	157	820

• See chapter 19 for defined terms.

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

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference and location	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	EPM 15248	Surrender application approved in the quarter	80%	nil

• See chapter 19 for defined terms.

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

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) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions	Nil
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns ofcapital, buy-backs	473,027,475	473,027,475
	Nil
7.5 +Convertible debt securities(description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	Nil
7.7 Options (description and conversion factor) Unlisted Options 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired/lapsed during quarter	-	-	Exercise price -	Expiry date -
7.11 Debentures (totals only)	Nil		Condition Positive EBITDA for 3 consecutive months NA Condition Share price of 25 cents Share price of 50 cents NA NA
7.12 Unsecured notes(totals only)	Nil
7.13 Performance Shares (description and conversion factor) D Class Shares	2,000,000	-
7.14 Issued during quarter	Nil	-
7.15 Exercised during quarter
7.16 Lapsed during quarter Performance Shares (description and conversion factor) B Class shares C Class shares	1,000,000 1,000,000	- -

• 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.

Sign here: Date: 29 January 2016 Paul Marshall (Company Secretary)

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 Accounting 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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