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Celsius Resources Limited — Interim / Quarterly Report 2025
Apr 29, 2025
10450_rns_2025-04-29_244e00b7-ea5a-4d65-b83a-5800ab65decc.pdf
Interim / Quarterly Report
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Quarterly Activities Report
For the quarter ended 31 March 2025
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30 APRIL 2025
MCB PROJECT SECURES FUNDING TO INITIATE EARLY WORKS
HIGHLIGHTS
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A binding term sheet was signed between Makilala Mining and Maharlika Investment Corporation for a bridge loan facility of USD 76.4 million to initiate early works for the MCB Project
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Closing cash as of 31 March 2025 of A$1.657 million
Celsius Resources Limited (“ Celsius ” or the “ Company ”) (ASX, AIM: CLA) is pleased to provide the following summary of the Company’s activities for the quarter ended 31 March 2025.
ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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PROJECTS
MAALINAO-CAIGUTAN-BIYOG COPPER-GOLD PROJECT (“MCB PROJECT”), PHILIPPINES (40%)
Makilala Mining Company, Inc. (“MMCI”), an affiliate of Celsius in the Philippines, has secured a bridge loan facility to initiate early works for its flagship Maalinao-Caigutan-Biyog CopperGold Project (“MCB Project”) in the Cordillera Administrative Region.
As announced on 24 February 2025, MMCI has signed a binding term sheet with Maharlika Investment Corporation, the Philippine’s sovereign wealth fund, for a bridge loan facility of up to USD 76.4 million to initiate the MCB Project’s early development activities as well as comply with the financial capability requirements under the Mineral Production Sharing Agreement (“MPSA”).
The facility will fully finance the updating of the Company’s feasibility study and Front-End Engineering Design (FEED), and partially funding early works, including main access road construction in coordination with the Kalinga Provincial Government, and skills-based training for the Balatoc community.
In preparation for the FEED, a tender process for the Engineer, Drilling Contractors, Mining Consultant, and Geotechnical and Hydrogeological Consultant is well underway with some packages ready for awarding. As part of the updating the underground mining design will also be updated to incorporate various trade-off studies results which will improve both the mine operation and economics.
Subsequent to quarter end, the Philippine’s Department of Environment and Natural Resources formally accepted the binding term sheet outlining the key terms of a bridge loan facility between Maharlika Investment Corporation and MMCI as sufficient proof of financial capability. This confirmation marks MMCI’s full compliance with the remaining provisional requirements of the MPSA for the MCB Project, locking the MPSA for 25 years and renewable for another 25 years[1] .
BOTILAO COPPER-GOLD PROSPECT (40%)
The Company continues to fulfill the conditions of its Exploration Permit through the implementation of its approved Exploration, Environmental, and Community Development Programs. In parallel, preparations are underway to comply with the requirements for the permit’s upcoming renewal[2] . The Company has continued to engage with the Council of Elders and Barangay officials to continually update them on the progress of activities.
OPUWO COBALT PROJECT, NAMIBIA (95%)
As disclosed previously to the market[3] , the Company has been in early-stage discussions regarding a potential transaction with a strategic partner/s concerning the disposal of the Company’s 95% interest in the Opuwo Project. During the quarter, the Company agreed the terms of a non-binding agreement with Stewardship Investments (Pty) Ltd concerning the disposal of the Company’s 95% interest in the Opuwo Project. The Company reiterates that no binding agreement has been reached and, although discussions are continuing, there can be no certainty that any binding agreement will be reached or the timing of any such
1 Refer to ASX announcement dated 8 April 2025
2 Refer to ASX announcement dated 7 August 2023
3 Refer to ASX announcement dated 30 October 2024
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ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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agreement.
SAGAY COPPER-GOLD PROJECT, PHILIPPINES (100%)
Tambuli Mining Company, Inc. (“TMCI”), a wholly owned subsidiary of Celsius in the Philippines, has continued to secure the approvals of the technical, social and environmental plans and programs in relation to its application for Declaration of Mining Project Feasibility (“DMPF”)[4] for the Sagay Copper-Gold Project (“Sagay Project”) in the Negros Islands.
The Company is in the process of finalising the Environmental Impact Statement Report (EIS) for the Sagay Project in close coordination with the Department of Environment and Natural Resources-Environmental Management Bureau. This includes addressing initial recommendations made to ensure the EIS meets the required standards for acceptance.
CULLARIN WEST PROJECT, NSW (100%)
The Company is continuing to assess the viability of the opportunity and gauge interest from other possible partners. No development activities were conducted during the quarter.
CORPORATE AND EXPENDITURE
During the quarter, the Company secured firm commitments for $A3.3 million through a strongly supported placement from new and existing shareholders, and institutional investors (“Placement”). New shares were subscribed for at a price of $A0.008 per share with one freeattaching option for every 2 new shares subscribed for with an exercise price of A$0.01 each and expiring 3 years from the date of issue (“Options”). The Options are subject to shareholder approval at a general meeting to be held on 28 April 2025 (“General Meeting”).
The first tranche of the Placement settled on 18 March 2025 raising approximately A$1.7 million. The second tranche of the Placement of approximately A$1.6 million is subject to shareholder approval at the General Meeting[5] .
On 19 March 2025, the Company signed a subscription agreement with substantial shareholder, Silvercorp Metals, Inc. to raise a further A$280,000 (before costs) on the same terms as the Placement. The Company also signed subscription agreements with Executive Director Mark van Kerkwijk and Non-Executive Director Paul Dudley for A$75,000 each to participate in the Placement on the same terms as other un-related investors. This participation is conditional on shareholder approval being obtained at the General Meeting. The Company and Paul Dudley agreed that his subscription securities are to be issued in satisfaction of A$75,000 worth of accrued and unpaid director fees[6] .
Further to the previous announcement of 17 March 2025 relating to the appointment of Mr Neil Grimes as Non-Executive Director, the following information is disclosed under the AIM Rules.
Neil Glen Grimes, aged 62, has held the following directorships and/or partnerships in the past 5 years:
Current Directorships:
4 Refer to ASX announcement dated 8 January 2024
5 Refer to ASX announcement dated 10 March 2025
6 Refer to ASX announcement dated 19 March 2025
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ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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Mannerim Capital Pty Ltd Plentex Ltd Rizal Resources Corporation TMC Tribal Mining Corporation Swan Bay Investments Pty Ltd
Past Directorships: Australia Defence Association Global Drilling Australia Pacific Pty Ltd
There is no further information on Neil Grimes required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Cash Position
At the end of the quarter, the Company held approximately A$1.657 million in cash reserves.
ASX ADDITIONAL INFORMATION
The Company provides the following information pursuant to ASX Listing Rule requirements:
- ASX Listing Rule 5.3.1:
Approximately A$522k was spent on exploration expenditure during the quarter, primarily relating to the development of the MCB and Sagay Projects.
- ASX Listing Rule 5.3.2:
Nil was spent on mine production and development activities during the quarter.
- ASX Listing Rule 5.3.5:
The Company advises that there were approximately A$372k in payments made to related parties of the Company and their associates during the quarter for Director and consultancy fees.
Tenement Table: ASX Listing Rule 5.3.3 Mining tenement interests held at the end of the quarter and their location
| PERMIT NAME |
PERMIT NUMBER |
REGISTERED HOLDER / APPLICANT |
PERMIT STATUS |
PERMIT EXPIRY |
INTEREST / CONTRACTUAL RIGHT |
|---|---|---|---|---|---|
| Western Australia | |||||
| Cullarin West | EL 8996 | Cullarin Metals PtyLtd |
Granted | 17/08/2026 | 100% |
| Namibia | |||||
| Opuwo | EL 4346 | Gecko Cobalt Holdings |
Granted | 10/10/2025 | 95% |
| Philippines | |||||
| Maalinao- Caigutan- Biyog |
MPSA-356- 2024-CAR |
Makilala Mining Company Inc. |
Granted | 13/03/2049 | 40% |
| Botilao | EP-011-2023- CAR |
Makilala Mining CompanyInc. |
Granted | 29/09/2025 | 40% |
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ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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| PERMIT NAME |
PERMIT NUMBER |
REGISTERED HOLDER / APPLICANT |
PERMIT STATUS |
PERMIT EXPIRY |
INTEREST / CONTRACTUAL RIGHT |
|---|---|---|---|---|---|
| Panaon | EXPA-000127- VIII |
PDEP, Inc. | Complying with further requirements |
TBA | 100% |
| Sagay | EP-000003-VI | Tambuli Mining Company Inc. |
Granted | Automatic extension until the approval of the DMPF/MPSA |
100% |
The mining tenement interests acquired during the quarter and their location: Nil.
Beneficial percentage interests held in farm-in or farm-out agreements at the end of the quarter:
Not applicable.
Beneficial percentage interests in farm-in or farm-out agreements acquired or disposed of during the quarter:
Nil.
This announcement has been authorised by the Board of Directors of Celsius Resources Limited.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
For further information contact:
Celsius Resources Limited Mark van Kerkwijk P: +61 8 9324 4516 E: [email protected] W: www.celsiusresources.com Multiplier Media (Australian Media Contact) Jon Cuthbert M: +61 402 075 707 E: [email protected] Beaumont Cornish Limited (Nominated Adviser) P: +44 (0) 207 628 3396 Roland Cornish/Andrew Price E: [email protected] Zeus Capital Limited Harry Ansell/James Joyce/Isaac Hooper P:+44 (0) 20 7220 1666
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing
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ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Competent Persons Statement
Information in this report relating to Exploration Results and Mineral Resources for the MCB Project and the Sagay Project is based on information compiled, reviewed and assessed by Mr. Steven Olsen, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Olsen is a consultant to Celsius Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Olsen consents to the inclusion of the data in the form and context in which it appears.
The information in this Report that relates to the estimate of Mineral Resources for the Opuwo Project is based upon, and fairly represents, information and supporting documentation compiled by Mr Kerry Griffin, a Competent Person, who is a Member of the Australian Institute of Geoscientists (AIG). Mr Griffin is a Principal Geology Consultant at Mining Plus Pty Ltd and an independent consultant engaged by Celsius Resources Pty Ltd for this work and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Griffin consents to the inclusion in this announcement of matters based on his information in the form and context in which it appears.
The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource for the MCB[7] Project, the Sagay[8] Project or the Opuwo[9] Project. The Company also confirms that all material assumptions and parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.
Forward Looking Statements
Some of the statements appearing in this announcement may be in the nature of forwardlooking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which the Company operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement.
No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside the Company’s control.
The Company does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information,
7 Refer to ASX announcement dated 12 December 2022 for an updated JORC compliant Mineral Resource Estimate.
8 Refer to ASX announcement dated 6 February 2024 for the updated Mineral Resource Estimate for the Sagay Project.
9 Refer to ASX announcement dated 1 July 2021 for the updated Mineral Resource Estimate for the Opuwo Project.
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ASX RELEASE | QUARTERLY REPORT | 31 March 2025
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opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of the Company’s Directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.
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Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Name of entity
Celsius Resources Limited ABN Quarter ended (“current quarter”) 95 009 162 949 31 March 2025
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (9 months) $A’000 |
|---|---|---|
| 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities |
- - - - (203) (580) - - - - - - |
- - - - (411) (1,464) - - - - - - |
| (783) | (1,875) | |
| 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) tenements (c) property, plant and equipment (d) exploration & evaluation (see note 6) (e) investments (f) other non-current assets |
- - (4) (522) - - |
- - (43) (1657) - - |
ASX Listing Rules Appendix 5B (17/07/20) + 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 (9 months) $A’000 |
|---|---|---|
| 2.2 Proceeds from the disposal of: (a) entities (b) tenements (c) property, plant and equipment (d) investments (e) other non-current assets (f) mine development (see note 6) 2.3 Cash flows from loans to other entities 2.4 Dividends received 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities |
- - - - - - - - - |
- - - - - - - - - |
| (526) | (1,700) | |
| 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities |
2,107 - - (115) - - - - 5 |
3,948 - - (331) - - - - 5 |
| 1,997 | 3,622 | |
| 4. Net increase / (decrease) in cash and cash equivalents for the period |
||
| 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) |
984 (783) (526) 1,997 |
1,600 (1,875) (1,700) 3,622 |
ASX Listing Rules Appendix 5B (17/07/20)
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- See chapter 19 of the ASX Listing Rules for defined terms.
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 (9 months) $A’000 |
|---|---|---|
| 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period |
(15) | 10 |
| 1,657 | 1,657 | |
| 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts |
Current quarter $A’000 |
Previous quarter $A’000 |
| 5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) |
1,657 - - - |
984 - - - |
| 1,657 | 984 | |
| 6. Payments to related parties of the entity and their associates |
Current quarter $A'000 |
|
| 6.1 Aggregate amount of payments to related parties and their associates included in item 1 203 6.2 Aggregate amount of payments to related parties and their associates included in item 2 169 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. |
203 | |
| 169 |
ASX Listing Rules Appendix 5B (17/07/20) + 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
| 7. 7.1 7.2 7.3 7.4 7.5 7.6 |
Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 Loan facilities 10,000 - Credit standby arrangements - - Other (please specify) - - Total financing facilities - - Unused financing facilities available at quarter end 10,000 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. |
Total facility amount at quarter end $A’000 |
Amount drawn at quarter end $A’000 |
|---|---|---|---|
| 10,000 | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Share Placement Agreement, Celsius and Patras have entered into a Committed Equity Facility Agreement which will provide Celsius with a further funding facility Celsius is not required to draw down on the Facility and there is no minimum amount contemplated. The Facility enables the Company to conditionally access further capital to fund its project portfolio in the Philippines and the Company’s ongoing working capital. The Facility is structured so that the timing of any or all drawdowns (and therefore an acceptable issue price of any shares issued under the agreement) are entirely at Celsius’ discretion. Under the terms of the Facility, Celsius may, at its discretion, place new ordinary shares in the Company with Patras up to a total of A$10 million over the next 24 months. Celsius may draw in traches of up to A$5,000,000 at its full discretion, and up to A$3 million with mutual consent which may be further increased by up to 15% by Patras. The Facility may be terminated by the Company prior to completion of the two-year term without penalty, and the Facility does not restrict Celsius obtaining any form, or combination, or equity or debt financing form third parties or any other source. For each placement under the Facility, Celsius can nominate a price in which it is willing to place shares to Patras (or its nominee) provided it is not below A$0.01 per share (“Nominated Price”). The ultimate placement price however shall be 95% of the higher of the Nominated Price, or the “Market Price” (being the 5 day VWAP of Celsius shares (for 5 days nominated by Patras) over the 30 day trading period following the issue of a placement notice to Patras (“Pricing Period”)). Patras may reduce the cash amount payable in a trance requested by Celsius by up to 1/30 for each trading day during the Pricing Period of which the VWAP is equal or less than the Nominated Price. Maturity Date: September 2026 More detail on the Terms and Conditions of the Celsius agreement can be found in the ASX announcement Corporate Funding Update on 16 September 2024. |
ASX Listing Rules Appendix 5B (17/07/20) + 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 |
|---|---|---|
| 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 |
Net cash from / (used in) operating activities (item 1.9) (783) (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (item 2.2 (f)) (522) Total relevant outgoings (item 8.1 + item 8.2) (1,305) Cash and cash equivalents at quarter end (item 4.6) 1,657 Unused finance facilities available at quarter end (item 7.5) 10,000 Total available funding (item 8.4 + item 8.5) 11,657 Estimated quarters of funding available (item 8.6 divided by item 8.3) 8.93 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 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? |
(783) (522) (1,305) 1,657 10,000 |
| 11,657 | ||
| Answer: N/a | ||
| 8.8.2 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 | ||
| 8.8.3 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 | ||
| Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. |
Compliance statement
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1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
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2 This statement gives a true and fair view of the matters disclosed.
Date: 30[th] April 2025
Authorised by: The Board of Celsius Resources Limited..................................................................................
(Name of body or officer authorising release – see note 4)
ASX Listing Rules Appendix 5B (17/07/20) + 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
Notes
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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.
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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.
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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.
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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”.
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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.
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During the review of the Interim Report, conducted by RSM, it was concluded mine development costs incurred should be reclassified to exploration & evaluation expenditure in the Interim Report. This meant a material change in the costs already capitalised in the previous two quarter returns. $935,000 has been reclassified to line item 2.1(d) total balance increasing the previously reported six months exploration & evaluation expenditure from $200,000 to $1,135,000. Line time 2.2 (f) has been reduced to nil.
ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.
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