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CENTAURUS METALS LIMITED — Interim / Quarterly Report 2017
Oct 25, 2017
64715_rns_2017-10-25_5b8cdfa7-9d4e-4565-a668-057a94d01a2e.pdf
Interim / Quarterly Report
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas 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, 01/05/13, 01/09/16
Name of entity CENTAURUS METALS LIMITED
==> picture [458 x 4] intentionally omitted <==
ABN Quarter ended (“current quarter”) 40 009 468 099 30 September 2017
| Consolidated statement of cash flows | Consolidated statement of cash flows | Current quarter | Year to date |
|---|---|---|---|
| $A’000 | (9 months) | ||
| $A’000 | |||
| 1. | Cash flows from operating activities | ||
| 1.1 | Receipts from customers | - | - |
| 1.2 | Payments for | ||
| (a) exploration & evaluation | (856) | (1,746) | |
| (b) development | - | - | |
| (c) production | - | - | |
| (d) staff costs* | - | ||
| (e) administration and corporate costs | (332) | (856) | |
| 1.3 | Dividends received (see note 3) | - | - |
| 1.4 | Interest received | 5 | 40 |
| 1.5 | Interest and other costs of finance paid | - | - |
| 1.6 | Income taxes paid | - | - |
| 1.7 | Research and development refunds | - | - |
| 1.8 | Other (provide details if material) | 12 | 94 |
| 1.9 | Net cash from / (used in) operating | (1,171) | (2,468) |
| activities |
*The Company’s accounting policy allocates staff costs to activities and as such they are included in items 1.2(a) and 1.2(e).
2. Cash flows from investing activities
| 2.1 | Payments to acquire: | ||
|---|---|---|---|
| (a) property, plant and equipment | (1) | (9) | |
| (b) tenements (see item 10) | - | - | |
| (c) investments | - | - | |
| (d) other non-current assets | - | - |
- See chapter 19 for defined terms 1 September 2016
Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| Consolidated statement of cash flows | Consolidated statement of cash flows | Current quarter | Year to date |
|---|---|---|---|
| $A’000 | (9 months) | ||
| $A’000 | |||
| 2.2 | Proceeds from the disposal of: | ||
| (a) property, plant and equipment | 14 | 20 | |
| (b) tenements (see item 10) | - | 84 | |
| (c) investments | - | - | |
| (d) other non-current assets | - | - | |
| 2.3 | Cash flows from loans to other entities | - | - |
| 2.4 | Dividends received (see note 3) | - | - |
| 2.5 | Other (provide details if material) | - | - |
| 2.6 | Net cash from / (used in) investing | 13 | 95 |
| activities | |||
| 3. | Cash flows from financing activities | ||
| 3.1 | Proceeds from issues of shares | 2,496 | 2,496 |
| 3.2 | Proceeds from issue of convertible notes | - | - |
| 3.3 | Proceeds from exercise of share options | - | - |
| 3.4 | Transaction costs related to issues of | (219) | (255) |
| shares, convertible notes or options | |||
| 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 | 2,277 | 2,241 |
| activities | |||
| 4. | Net increase / (decrease) in cash and | ||
| cash equivalents for the period | |||
| 4.1 | Cash and cash equivalents at beginning of | ||
| period | 588 | 1,891 | |
| 4.2 | Net cash from / (used in) operating | (1,171) | (2,468) |
| activities (item 1.9 above) | |||
| 4.3 | Net cash from / (used in) investing activities | 13 | 95 |
| (item 2.6 above) | |||
| 4.4 | Net cash from / (used in) financing activities | 2,277 | 2,241 |
| (item 3.10 above) | |||
| 4.5 | Effect of movement in exchange rates on | 16 | (36) |
| cash held | |||
| 4.6 | Cash and cash equivalents at end of | 1,723 | 1,723 |
| period |
- See chapter 19 for defined terms 1 September 2016
Page 2
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
|---|---|---|---|
| equivalents | $A’000 | $A’000 | |
| at the end of the quarter (as shown in the | |||
| consolidated statement of cash flows) to the | |||
| related items in the accounts | |||
| 5.1 | Bank balances | 65 | 2 |
| 5.2 | Call deposits | 1,658 | 586 |
| 5.3 | Bank overdrafts | - | - |
| 5.4 | Other (provide details) | - | - |
| 5.5 | Cash and cash equivalents at end of | 1,723 | 588 |
| quarter (should equal item 4.6 above) | |||
| 6. | Payments to directors of the entity and | their associates | Current quarter |
| $A'000 | |||
| 6.1 | Aggregate amount of payments to these parties included in item 1.2 | 143 | |
| 6.2 | Aggregate amount of cash flow from loans to these parties included | - | |
| in item 2.3 | |||
| 6.3 | Include below any explanation necessary to understand the transactions | included in | |
| items 6.1 and 6.2 | |||
| Non-Executive Director Remuneration | 27 | ||
| Executive Director Remuneration | 116 |
| 7. | Payments to related entities of the entity and their | Current quarter | |
|---|---|---|---|
| associates | $A'000 | ||
| 7.1 | Aggregate amount of payments to these parties included in item 1.2 | 9 | |
| 7.2 | Aggregate amount of cash flow from loans to these parties included | - | |
| in item 2.3 | |||
| 7.3 | Include below any explanation necessary to understand the transactions | included in | |
| items 7.1 and 7.2 |
Legal Fees paid to MPH Lawyers (director related entity) 9
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 8. | Financing facilities available | Total facility amount | Amount drawn at | |
|---|---|---|---|---|
| Add notes as necessary for an | at quarter end | quarter end | ||
| understanding of the position | $A’000 | $A’000 | ||
| 8.1 | Loan facilities | - | - | |
| 8.2 | Credit standby arrangements | - | - | |
| 8.3 | Other (please specify) | - | - | |
| 8.4 | Include below a description of each facility above, including the lender, | interest rate and | ||
| whether it is secured or unsecured. If any additional facilities have been entered into or are | ||||
| proposed to be entered into after quarter | end, include details of those facilities as well. |
==> picture [458 x 52] intentionally omitted <==
| 9. | Estimated cash outflows for next quarter | $A’000 |
|---|---|---|
| 9.1 | Exploration and evaluation | 500 |
| 9.2 | Development | |
| 9.3 | Production | |
| 9.4 | Staff costs | |
| 9.5 | Administration and corporate costs | 275 |
| 9.6 | Other (provide details if material) | |
| 9.7 | Total estimated cash outflows | 775 |
| 10. Changes in tenements (items 2.1(b) and 2.2(b) above) 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced 10.2 Interests in mining tenements and petroleum tenements acquired or increased |
Tenement reference and location 831.363/2014 Tenda I 831.364/2014 Tenda II |
Nature of interest Relinquished Relinquished |
Interest at beginning of quarter 100% 100% |
Interest at end of quarter - - |
|---|---|---|---|---|
| 850.286/2017 Serra da Fumaca 850.735/2016 Serra Vermelho 850.999/2016 Serra da Fumaca 851.548/2011 Serra Misteriosa 850.258/2013 Serra Misteriosa 850.430/2013 Salobo West 1 850.130/2013 Pebas |
Granted Transferred Transferred Transferred Transferred Transferred Transferred |
- Earning 100% Earning 100% Earning 100% Earning 100% Earning 100% Earning 100% |
100% 100% 100% 100% 100% 100% 100% |
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Compliance statement
-
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
-
2 This statement gives a true and fair view of the matters disclosed.
Sign here: ( ~~Director/~~ Company secretary)
Date: 26 October 2017
Print name: Paul Bridson
Notes
-
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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
-
If this quarterly 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 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.
-
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.
-
See chapter 19 for defined terms 1 September 2016
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Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Additional Information Required by LR5.3.3
Tenement Listing
Brazilian Tenements
| Tenement | Project Name | Location | Interest |
|---|---|---|---|
| 800.444/2011 | Aurora | Ceará | 100% |
| 800.442/2011 | Aurora | Ceará | 100% |
| 800.480/2011 | Aurora | Ceará | 100% |
| 800.471/2011 | Aurora | Ceará | 100% |
| 800.469/2011 | Aurora | Ceará | 100% |
| 800.487/2011 | Parambu | Ceará | 100% |
| 800.474/2011 | Parambu | Ceará | 100% |
| 800.468/2011 | Parambu | Ceará | 100% |
| 800.470/2011 | Parambu | Ceará | 100% |
| 831.638/2004 | Canavial | Minas Gerais | 100% |
| 831.639/2004 | Canavial | Minas Gerais | 100% |
| 831.629/2004 | Candonga | Minas Gerais | 100%(1) |
| 832.183/2014 | Conquista | Minas Gerais | 100% |
| 832.776/2006 | Conquista | Minas Gerais | 100% |
| 833.185/2006 | 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% |
| 831.879/2015 | 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% |
| 831.002/2007 | Regional Guanhães | Minas Gerais | 100% |
| 833.410/2007 | Regional Guanhães | Minas Gerais | 100% |
| 833.795/2013 | Regional Guanhães | Minas Gerais | 100% |
| 850.197/2017 | Serra Misteriosa | Pará | 100% |
| 851.548/2011 | Serra Misteriosa | Pará | 100% |
| 850.258/2013 | Serra Misteriosa | Pará | 100% |
| 850.735/2016 | Serra Vermelho | Pará | 100% |
| 850.999/2016 | Serra da Fumaça | Pará | 100% |
| 850.286/2017 | Serra da Fumaça | Pará | 100% |
| 850.430/2013 | Salobo West 1 | Pará | 100% |
| 850.130/2013 | Pebas | Pará | 100% |
(1) Tenement is held 100% however a Commitment to Lease is in place with Ecosinter – Industria de Beneficiamento de Residuos Ltda.
Australian Tenements
| Tenement | Project Name | Location | Interest |
|---|---|---|---|
| EPM14233 | Mt Guide | Queensland | 10%(2) |
(2) 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. Aeon Metals Limited has acquired 80% of Summits Interest giving them a total interest of 72% of the tenement.
- See chapter 19 for defined terms 1 September 2016
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