CENTAURUS METALS LIMITED — Interim / Quarterly Report 2015

Jan 28, 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 December 2015
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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 (12 months) $A’000
	(396) - - (286) - 4 - - -	(2,328) - - (1,585) - 21 - - 273
	(678)	(3,619)
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)	- - (1) - 1 - 442 - -	- - (17) 209 203 - 745 - 35
	442	1,175
	(236)	(2,444)

• 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)	(236)	(2,444)
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	702 - - - - (75)	2,337 - - - - (197)
	627	2,140
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	391 153 (2)	(304) 892 (46)
	542	542

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

entities
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
	150
	-
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)	124
	26

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

In December 2015 the Company issued shares to the value of $418,513 to acquire the Aurora Copper Project and to exercise the option over the Mombuca Gold and Conquista DSO Iron Ore exploration projects in Brazil.

• 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

	4.1 Exploration, evaluation and project generation 4.2 Development 4.3 Production 4.4 Administration Total	$A’000
		250
		200
		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)	14	8
	528	145
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	542	153

• 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
	Guanhães Regional 832.841/2011 832.190/2013 832.072/2012 Ponte de Pedra 832.589/2008 832.590/2008 832.690/2009 Curral Velho 846.113/2009 846.114/2009 846.115/2009 846.232/2009 846.233/2009 846.234/2009 G100 833.998/2008 833.999/2008 834.000/2008 834.001/2008 834.002/2008 834.003/2008 834.004/2008	Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
	Tenda I (831.363/2014) Tenda II (831.364/2014) Guanhães Group (833.808/2013)	Owner Owner Owner	0% 0% 0%	100% 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		521,463,429	521,463,429
			168,583,608
	+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
			-
			-		-
			125,000		-
	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: 29 January 2016 (Company Secretary)

Print name: Geoff James

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

Centaurus Metals Limited Appendix 1 – Options and Performance Rights

Centaurus Metals Limited Appendix 1 – 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

Centaurus Metals Limited Appendix 2 – Tenement Listing

Centaurus Metals Limited Appendix 2 – Tenement Listing	Centaurus Metals Limited Appendix 2 – Tenement Listing	Centaurus Metals Limited Appendix 2 – Tenement Listing	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%
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%
833.808/2013	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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