CENTAURUS METALS LIMITED — Interim / Quarterly Report 2016

Apr 26, 2016

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

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CENTAURUS METALS LIMITED
ABN Quarter ended (“current quarter”)
40 009 468 099 31 March 2016
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Consolidated statement of cash flows

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 (3 months) $A’000
	(242) ‐ ‐ (226) ‐ 6 ‐ ‐ ‐	(242) ‐ ‐ (226) ‐ 6 ‐ ‐ ‐
	(462)	(462)
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)	‐ ‐ ‐ ‐ ‐ ‐ 427 ‐ ‐	‐ ‐ ‐ ‐ ‐ ‐ 427 ‐ ‐
	427	427
	(35)	(35)

• 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)	(35)	(35)
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	‐ ‐ ‐ ‐ ‐ (2)	‐ ‐ ‐ ‐ ‐ (2)
	(2)	(2)
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	(37) 542 4	(37) 542 4
	509	509

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
	115
	‐
1.25 Explanation necessary for an understanding of the transactions
Remuneration of Executive Directors (including previously deferred fees) Remuneration of Non‐Executive Directors (including previously deferred fees)	80
	35

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 5,190,483 fully paid ordinary shares to the value of $26,668 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 275 4.2 Development 4.3 Production 4.4 Administration 175 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)	433	14
	76	528
	‐	‐
	‐	‐
Total: cash at end of quarter(item 1.22)	509	542

• 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
	833.808/2013 (Brazil – Regional Guanhaes)	Relinquished	100%	Nil
	830.668/2015 (Brazil – Mombuca) 831.795/2013 (Brazil – Regional Guanhaes)	Acquired Acquired	Nil Nil	100% 100%

Refer to Appendix 2 for a 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)	Issue price per security (see note 3) (cents)	Amount paid up 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		526,653,912	526,653,912
			5,190,483		5,190,483
	+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 32,540,666		Number quoted 20,300,666	Exercise price Refer to Appendix 1 for details			Expiry date
	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 state m ent has bee n prepared u n der accounting policies which comply w ith account i ng standards a s defined in t he Corporati o ns Act or ot h er standard s acceptable t o ASX (see n o te 5).

• 2 This statement does give a true and f a ir view of th e matters disclosed.

Sign her e :

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( C ompany Secretary)

Date: 27 A pril 2016

Print na m e: G eoff James

Notes

• 1 The quarterl y report provides a basis f o r informing the market h o w the entity’s activities h a ve been financed for the pa s t quarter an d the effect o n its cash p o sition. An e n tity wanting to disclose additional infor m ation is enc o uraged to d o so, in a note or notes a ttached to this report.

• 2 The “Natur e of interest” (items 6.1 a n d 6.2) includ e s options in r espect of int e rests in min i ng tenements acquired, ex e rcised or lap s ed during th e reporting p e riod. If the e ntity is invol v ed in a joint v enture agre e ment and there are co n ditions prec e dent which will change its percentage interest in a mining te n ement, it s h ould disclos e the chang e of percent a ge interest an d conditions p recedent in t h e list requir e d for items 6.1 and 6.2.

• 3 Issued and quoted securities The iss u e price and amount paid u p is not requ i red in items 7 .1 and 7.3 for fully paid sec u rities .

• 4 The definitions in, and provisions o f , AASB 6: E x ploration fo r and Evalu a tion of Min e ral Resources a nd AASB 107 : Statement o f Cash Flows a pply to this report.

5 Accounting Standards A SX will accept, for example, the use of Internati o nal Account i ng Standards f or foreign e n tities. If the standards u s ed do not a d dress a topi c , the Austral i an standard o n that topic (i f any) must b e complied with.

== = = == == ==

• See cha p ter 19 for defined terms.

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Centaurus Metals Limited Appendix 1 – Listed and Unlisted Options

Expiry date	Exerciseprice	Employee Options	Employee Options	Unlisted Options	Listed Options	Total number of shares under option
		Vested	Unvested	Vested	Vested
30/09/2016 31/08/2018 31/03/2017	$0.025 $0.125 $0.05	‐ 500,000 ‐	‐ 1,500,000 ‐	10,240,000 ‐ ‐	‐ ‐ 20,300,666	10,240,000 2,000,000 20,300,666
Total		500,000	1,500,000	10,240,000	20,300,666	32,540,666

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Appendix 5B Mining exploration entity quarterly report	Appendix 5B Mining exploration entity quarterly report
Centaurus Metals Limited Appendix 2 – Tenement Listing Brazilian Tenements
Tenement	Project Name	Location	Interest
831.638/2004	Canavial	Minas Gerais	100%
831.639/2004	Canavial	Minas Gerais	100%
831.629/2004	Candonga	Minas Gerais	100%
832.183/2014	Conquista	Minas Gerais	100%
832.776/2006	Conquista	Minas Gerais	100%
833.185/2006	Conquista	Minas Gerais	100%
833.624/2006	Conquista	Minas Gerais	100%
832.316/2005	Itambé	Minas Gerais	100%
833.133/2014	Mombuca	Minas Gerais	100%
830.668/2015	Mombuca	Minas Gerais	100%
831.649/2004	Jambreiro(MiningLease)	Minas Gerais	100%
833.409/2007	Jambreiro(MiningLease)	Minas Gerais	100%
834.106/2010	Jambreiro(MiningLease)	Minas Gerais	100%
831.645/2006	Passabém	Minas Gerais	100%
830.588/2008	Passabém	Minas Gerais	100%
870.028/2014	Pitu	Bahia	100%
874.226/2011	Pitu	Bahia	100%
832.249/2006	Regional Guanhães	Minas Gerais	100%
832.902/2012	Regional Guanhães	Minas Gerais	100%
833.410/2007	Regional Guanhães	Minas Gerais	100%
833.795/2013	Regional Guanhães	Minas Gerais	100%
831.363/2014	Tenda I	Minas Gerais	100%
831.364/2014	Tenda II	Minas Gerais	100%
Australian Tenements
Tenement	Project Name	Location	Interest
EPM14233	Mt Guide	Queensland	10%(1)

(1) Subject to a Farm‐Out and Joint Venture Exploration Agreement with Summit Resources (Aust) Pty Ltd. Summit has earned a 90% interest in the Project. Aston Metals (QLD) Limited is earning 80% of Summit’s interest in the Project

• See chapter 19 for defined terms.

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