CENTAURUS METALS LIMITED — Interim / Quarterly Report 2018

Oct 18, 2018

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
ABN		Quarter ended	(“current	quarter”)
40 009 468 099		30	September 2018
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	(1,125)		(2,170)
	(b) development		-	-
	(c) production		-	-
	(d) staff costs*		-
	(e) administration and corporate costs		(338)	(1,000)
1.3	Dividends received (see note 3)		-	-
1.4	Interest received		22	51
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)		-	-
1.9	Net cash from / (used in) operating	(1,441)		(3,119)
	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		-	(17)
	(b) tenements (see item 10)		(184)	(222)

• 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
	(c) investments	-	-
	(d) other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment	-	4
	(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 (provide details if material)	-	-
2.6	Net cash from / (used in) investing	(184)	(235)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	2,656
3.2	Proceeds from issue of convertible notes	-	-
3.3	Proceeds from exercise of share options	-	2,316
3.4	Transaction costs related to issues of	(1)	(304)
	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	(1)	4,668
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period	3,756	822
4.2	Net cash from / (used in) operating	(1,441)	(3,119)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(184)	(235)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	(1)	4,668
	(item 3.10 above)

• See chapter 19 for defined terms 1 September 2016

Page 2

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
4.5	Effect of movement in exchange rates on	(1)	(7)
	cash held
4.6	Cash and cash equivalents at end of	2,129	2,129
	period
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	2	2
5.2	Call deposits	2,127	3,754
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	2,129	3,756
	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		150
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			123

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		-
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

==> picture [458 x 22] intentionally omitted <==

• See chapter 19 for defined terms 1 September 2016

Page 3

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 37] intentionally omitted <==

9. Estimated cash outflows for next quarter $A’000 9.1 Exploration and evaluation 650 9.2 Development - 9.3 Production - 9.4 Staff costs - 9.5 Administration and corporate costs 280 9.6 Other (provide details if material) - 9.7 Total estimated cash outflows 930

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	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
	833.198/2009 Regional Guanhaes 833.341/2013 Regional Guanhaes	Acquired Acquired	- -	100% 100%

• See chapter 19 for defined terms 1 September 2016

Page 4

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: 19 October 2018

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

Page 5

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%
800.338/2016	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%(2)
832.776/2006	Conquista	Minas Gerais	100%(2)
833.185/2006	Conquista	Minas Gerais	100%(2)
833.198/2006	Regional Guanhães	Minas Gerais	100%(2)
833.341/2013	Regional Guanhães	Minas Gerais	100%(2)
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%
833.410/2007	Regional Guanhães	Minas Gerais	100%
851.548/2011	Serra Misteriosa	Pará	100%
850.258/2013	Serra Misteriosa	Pará	100%
850.430/2013	Salobo West I	Pará	100%
850.486/2017	Salobo West I	Pará	100%
850.429/2016	Salobo West II	Pará	100%
850.130/2013	Pebas	Pará	100%
850.475/2016	Itapitanga	Pará	100%

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

(2) Option granted over tenement to R3M Mineração Ltda

Australian Tenements

Tenement	Project Name	Location	Interest
EPM14233	Mt Guide	Queensland	10%(3)

(3) 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 Summit’s Interest giving them a total interest of 72% of the tenement.

• See chapter 19 for defined terms 1 September 2016

Page 6