CENTAURUS METALS LIMITED

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 1/6/10, 17/12/10,01/05/2013

Name of entity

ABN 40 009 468 099 Consolidated statement of cash flows	Quarter ended (“current quarter”) 30 June 2016	Quarter ended (“current quarter”) 30 June 2016
	30 June 2016

Cash flows related to operating activities 1.1 Other debtors 1.2 Payments for (a) exploration, evaluation and project generation (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 Proceeds from court settlement Net Operating Cash Flows	Current quarter $A’000	Year to date (6 months) $A’000
	(232) ‐ ‐ (248) ‐ 8 ‐ ‐ ‐	(443) ‐ ‐ (505) ‐ 14 ‐ ‐ ‐
	(472)	(934)
Cash flows related to investing activities 1.8 Payment for: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) equity investments (b) other fixed assets 1.10 Loans to other entities 1.11 Proceeds from grant of future lease of mineral rights 1.12 Loans repaid by other entities 1.13 Other – security deposit refunds/(payments) Net investing cash flows 1.14 Total operating and investing cash flows (carried forward)	‐ ‐ ‐ ‐ ‐ ‐ 310 ‐ ‐	‐ ‐ ‐ ‐ ‐ ‐ 737 ‐ ‐
	310	737
	(162)	(197)

See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Appendix 5B Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought forward)	(162)	(197)
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 – share issue costs Net financing cash flows	650 ‐ ‐ ‐ ‐ (3)	650 ‐ ‐ ‐ ‐ (5)
	647	645
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 of quarter	485 509 11	448 542 15
	1,005	1,005

Payments to directors of the entity and associates of the directors

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

Payments to related entities of the entity and associates of entities	the related
1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
	134
	‐
1.25 Explanation necessary for an understanding of the transactions
Remuneration of Executive Directors (including previously deferred fees) Remuneration of Non‐Executive Directors	115
	19

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

During the Quarter a total of 3,014,000 fully paid ordinary shares to the value of $18,084 were issued to Company executives in lieu of cash remuneration.

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

None.

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
Nil	Nil
Nil	Nil

Estimated cash outflows for next quarter

$A’000
4.1 Exploration, evaluation and project generation 300 4.2 Development 4.3 Production 4.4 Administration 150 Total 450

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)	781	433
	224	76
	‐	‐
	‐	‐
Total: cash at end of quarter(item 1.22)	1,005	509

See chapter 19 for defined terms.

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Appendix 5B Mining 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	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	832.249/2006 (Brazil – Regional Guanhães) 833.624/2006 (Brazil – Conquista)	Relinquished Relinquished	100% 100%	Nil Nil
	800.444/2011 (Brazil – Aurora, Ce) 800.442/2011 (Brazil – Aurora, Ce) 800.480/2011 (Brazil – Aurora, Ce) 800.471/2011 (Brazil – Aurora, Ce) 800.487/2011 (Brazil – Parambu, Ce) 800.474/2011 (Brazil – Parambu, Ce) 832.648/2014 (Brazil – Regional Guanhaes)	Acquired Acquired Acquired Acquired Acquired Acquired Acquired	Nil Nil Nil Nil Nil Nil Nil	100% 100% 100% 100% 100% 100% 100%

Refer to Appendix 2 for full tenement listing.

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	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 7.2	Preference+securities (description) Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy‐backs, redemptions

7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12	+Ordinary securities Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy‐backs	659,667,912	659,667,912
		133,014,000	133,014,000
	+Convertible debt securities(description) Changes during quarter (a) Increases through issues (b) Decreases through securities matured,converted

	Options and Performance Rights (description and conversion factor) Issued during quarter Exercised during quarter Expired during quarter	Total number 55,040,666		Number quoted 20,300,666	Exercise price Refer to Appendix 1 for details	Expiry date Refer to Appendix 1 for details
		5,500,000 8,500,000 8,500,000			$0.0082 $0.0082 $0.0082	10/06/2018 10/06/2019 10/06/2020


	Debentures(totals only)
	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 does give a true and fair view of the matters disclosed.

Sign here:

Date: 28 July 2016

==> picture [100 x 36] intentionally omitted <==

(Company Secretary)

Print name:

Paul Bridson

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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Appendix 5B Mining exploration entity quarterly report