CENTAURUS METALS LIMITED — Interim / Quarterly Report 2017

Jul 30, 2017

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

40 009 468 099

Quarter ended (“current quarter”) 30 June 2017

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(6 months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a) exploration & evaluation	(504)	(890)
	(b) development	-	-
	(c) production	-	-
	(d) staff costs*	-
	(e) administration and corporate costs	(269)	(524)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	13	35
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)	17	82
1.9	Net cash from / (used in) operating	(743)	(1,297)
	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	(8)	(8)
	(b) tenements (see item 10)	-	-
	(c) investments	-	-
	(d) other non-current assets	-	-

• 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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(6 months)
			$A’000
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment	4	6
	(b) tenements (see item 10)	-	-
	(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 - Conquista Option Payment	84	84
2.6	Net cash from / (used in) investing	80	82
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	-
3.2	Proceeds from issue of convertible notes	-	-
3.3	Proceeds from exercise of share options	-	-
3.4	Transaction costs related to issues of	-	(36)
	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	-	(36)
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period	1,286	1,891
4.2	Net cash from / (used in) operating	(743)	(1,297)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	80	82
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	-	(36)
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	(35)	(52)
	cash held
4.6	Cash and cash equivalents at end of	588	588
	period

• 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

5.	Reconciliation of cash and cash	Current quarter	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		2	2
5.2	Call deposits		586	1,284
5.3	Bank overdrafts		-	-
5.4	Other (provide details)		-	-
5.5	Cash and cash equivalents at end of		588	1,286
	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	138
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				111

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	19
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)	19

• 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*	475
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	750

• The planned level of exploration and evaluation expenditure is subject to completion of the Rights Issue announced on 12 July 2017

	2017
10.	Changes in	Tenement reference and	Nature of	Interest at	Interest
	tenements	location	interest	beginning	at end of
	(items 2.1(b) and			of quarter	quarter
	2.2(b) above)
10.1	Interests in mining	Nil.
	tenements and
	petroleum
	tenements
	lapsed,
	relinquished or
	reduced
10.2	Interests in mining	Para, Brazil:
	tenements and petroleum tenements	850.197/2017 Serra Misteriosa 850.430/2013 Salobo West 1	Acquired Earning 100%	- -	100% -
	acquired or
	increased

• 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: 31 July 2017

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. 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.

3. 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.

4. 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%
831.363/2014	Tenda I	Minas Gerais	100%
831.364/2014	Tenda II	Minas Gerais	100%
850.197/2017	Serra Misteriosa	Pará	100%
851.548/2011	Serra Misteriosa	Pará	CTM has a 100% Earn-in right
850.258/2013	Serra Misteriosa	Pará	CTM has a 100% Earn-in right
850.130/2013	Pebas	Pará	CTM has a 100% Earn-in right
850.999/2016	Serra da Fumaça	Pará	CTM has a 100% Earn-in right
850.430/2013	Salobo West 1	Pará	CTM has a 100% Earn-in right

(1) Tenement is held 100% however a lease agreement is in place with Ecosinter – Industria de Beneficiamento de Residuos Ltda.

Australian Tenements	Australian Tenements	Australian Tenements	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. Aston Metals (QLD) Limited is earning 80% of Summit’s interest in the Project.

• See chapter 19 for defined terms 1 September 2016

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