CANNINDAH RESOURCES LIMITED

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining 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

Name of entity

	ABN 35 108 146 694 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 (provide details if material) Net Operating Cash Flows	Current quarter $A’000		Year to date (6 months) $A’000
	(167) - - (75) - - - - -		(258) - - (193) - - - - -
	(242)		(450)
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)	- - - - - - - - -		- - - - - - - - -
	-		-
	(242)		(450)

See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows (brought forward)	(242)	(450)
	Cash flows related to financing activities
1.14	Net proceeds from issues of shares,
	options, etc.	-	-
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	300	500
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other – share buyback	-	-
	– return of capital	-	-
	Net financing cash flows	300	500
	Net increase (decrease) in cash held	58	50
1.20	Cash at beginning of quarter/year to date	26	34
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	84	84
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associatesof the related entities
			Current quarter
			$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2		18
1.24	Aggregate amount of loans to the parties included in item 1.10		NIL
1.25	Explanation necessaryforanunderstanding	ofthe transactions
	N/A

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 N/A 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 N/A

See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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
	2,000	900
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	100
	-
	-
	100
Total	250

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter	Current quarter		Previous quarter
(as shown in the consolidated statement of cash	$A’000		$A’000
flows) to the related items in the accounts is as
follows.
5.1 Cash on hand and at bank		84		26
5.2 Deposits at call		-		-
5.3 Bank overdraft		-		-
5.4 Other		-		-
Total: cash at end of quarter(item 1.22)		84		26

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	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
		NIL
		NIL

See chapter 19 for defined terms.

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Appendix 5B Mining exploration 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	NIL
	NIL	NIL
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns ofcapital, buy-backs	92,160,663	92,160,663
	- -	- -	- -	- -
7.5 +Convertible debt securities(description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	NIL	NIL
	- -	- -
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter			Exercise price	Expiry date



7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

See chapter 19 for defined terms.

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Appendix 5B Mining 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 doe ~~s /does not*~~ (delete one) give a true and fair view of the matters disclosed.

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Sign here:

Date 29 January 2016

Print name: Garry Gill 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 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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