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COPPERMOLY LIMITED — Interim / Quarterly Report 2018
Jul 29, 2018
64690_rns_2018-07-29_832e776b-416c-4daa-aeba-9c35e94c6fcb.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
COPPERMOLY LIMITED
| COPPERMOLY LIMITED | ||
|---|---|---|
| ABN54 126 490 855 | Quarter ended (“current quarter”) | |
| 30 June 2018 | ||
| Consolidated statement of cash flows | Current quarter$A'000 | Year to date(12 months)$A'000 |
| 1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) exploration & evaluation(b) development(c) production(d) staff costs(e) administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Research and development refunds1.8Other (provide details if material)1.9Net cash from / (used in) operatingactivities | ‐(374)‐‐(79)(17)‐2‐‐‐‐ | ‐(1,151)‐‐(262)(197)‐9‐‐‐‐ |
| (468) | (1,601) | |
| 2.Cash flows from investing activities2.1Payments to acquire:(a) property, plant and equipment(b) tenements (see item 10)(c)investments(d) other non‐current assets | (12)‐‐‐ | (32)‐‐‐ |
- 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 | Current quarter$A'000 | Year to date(12 months)$A'000 |
|---|---|---|
| 2.2Proceeds from the disposal of:(a) property, plant and equipment(b) tenements (see item 10)(c)investments(d) other non‐current assets2.3Cash flows from loans to other entities2.4Dividends received (see note 3)2.5Other ‐ Security deposits paid2.6Net cash from / (used in) investingactivities | ‐‐‐‐‐‐‐ | ‐‐‐‐‐‐(2) |
| (12) | (34) | |
| 3.Cash flows from financing activities3.1Proceeds from issues of shares3.2Proceeds from issue of convertible notes3.3Proceeds from exercise of share options3.4Transaction costs related to issue ofshares, convertible notes or options3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other (provide details if material)3.10Net cash from / (used in) financingactivities | ‐‐‐‐‐‐‐‐‐ | 2,870‐‐(168)‐(6)‐‐‐ |
| ‐ | 2,696 | |
| 4.Net increase / (decrease) in cash andcash equivalents for the period4.1Cash and cash equivalents at beginning ofperiod4.2Net cash from / (used in) operatingactivities (item 1.9 above)4.3Net cash from / (used in) investing activities(item 2.6 above)4.4Net cash from / (used in) financing activities(item 3.10 above)4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofperiod | 2,095(468)(12)‐‐ | 555(1,601)(34)2,696(1) |
| 1,615 | 1,615 |
- 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 cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts | Current quarter$A'000 | Previous quarter$A'000 |
|---|---|---|
| 5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details) ‐ fixed term deposit5.5Cash and cash equivalents at end ofquarter(should equal item 4.6 above) | 1,604‐‐11 | 2,095‐‐‐ |
| 1,615 | 2,095 | |
| 6.Payments to directors of the entity and their associatesCurrent quarter$A'0006.1Aggregate amount of payments to these parties included in item 1.226.2Aggregate amount of cash flow from loans to these parties included‐in item 2.36.3Include below any explanation necessary to understand the transactions included initems 6.1 and 6.2 | ||
| Current quarter$A'000 | ||
| 2 | ||
| ‐ | ||
| Directors' fees | ||
| 7. | Payments to related entities of the entity and their | Current quarter |
|---|---|---|
| associates | $A'000 | |
| 7.1 | Aggregate amount of payments to these parties included in item 1.2 | ‐ |
| 7.2 | Aggregate amount of cash flow from loans to these parties included | ‐ |
| in item 2.3 | ||
| 7.3 | Include below any explanation necessary to understand the transactions included in | |
| items 7.1 and 7.2 |
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 8.Financing facilities availableTotal facility amountAdd notes as necessary for anat quarter endunderstanding of the position$A'0008.1‐‐8.2‐‐8.3‐‐8.4Include below a description of each facility above, including the lender, interest rate andwhether it is secured or unsecured. If any additional facilities have been entered into or areproposed to be entered into after quarter end, include details of those facilities as well.Amount drawn atCredit standby arrangementsLoan facilitiesOther (please specify)quarter end$A'000 | Total facility amountat quarter end$A'000 | Amount drawn atquarter end$A'000 |
|---|---|---|
| ‐ | ‐ | |
| ‐ | ‐ | |
| ‐ | ‐ |
| 9.Estimated cash outflows for nextquarter | 9.Estimated cash outflows for nextquarter | 9.Estimated cash outflows for nextquarter | $A'000 | $A'000 |
|---|---|---|---|---|
| 9.1Exploration and evaluation9.2Development9.3Production9.4Staff costs9.5Administration and corporate costs9.6Other (provide details if material)9.7Total estimated cash outflows | 700‐‐5270‐ | |||
| 822 | ||||
| 10.Changes intenements(items 2.1(b) and2.2(b) above) | Tenementreferenceandlocation | Nature of intere | Interest atbeginningof quarter | Interestat end ofquarter |
| 10.1Interests in miningtenements andpetroleum tenementslapsed, relinquishedor reduced | ||||
| 10.2Interests in miningtenements andpetroleum tenementsacquired 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.
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2 This statement gives a true and fair view of the matters disclosed.
Sign here:
Date: Ju ly 30 2018
( ~~Director~~ /Company secretary)
Print name: Stephen Kelly
Notes
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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.
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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.
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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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