CORAZON MINING LIMITED — Interim / Quarterly Report 2016

Jul 27, 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, 01/06/10.

==> picture [442 x 491] intentionally omitted <==

----- Start of picture text -----

Name of entity
CORAZON MINING LIMITED
ABN Quarter ended (“current quarter”)
87 112 898 825 30 June 2016
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities $A’000 (12 months)
$A’000
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation (116) (305)
(b) development - -
(c) production - -
(d) administration (93) (486)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 1 21
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other – Exploration grant - -
1.8 Other – R&D Grant - -
Net Operating Cash Flows (208) (770)
Cash flows related to investing activities
1.9 Payment for purchases of: (a) exploration prospects (111) (641)
(b) equity investments - -
(c) other fixed assets - -
1.10 Proceeds from sale of: (a) prospects - -
(b) equity investments 24 80
(c) other fixed assets - -
1.11 Loans to other entities - -
1.12 Loans repaid by other entities - -
1.13 Other – Refund for tenement’s bond - -
on completion of field season
Net investing cash flows (87) (561)
1.14 Total operating and investing cash flows (carried
forward) (295) (1,331)
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 5B Page 1

30/9/2001

Appendix 5B Mining exploration entity quarterly report

1.14 Total operating and investing cash flows (brought forward)	(295)	(1,331)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 1.20 Dividends paid Other – costs to issue 1.21 Other Net financing cash flows	465 - - - - - -	465 - - - - -
	465	465
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.21 1.23 Cash at end ofquarter	170 781 -	(866) 1,817 -
	951	951

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

Payments to related entities of the entity and associates of entities	the related
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 1.11	Current quarter $A'000
	71
	-

• 1.25 Explanation necessary for an understanding of the transactions 1. Payment of consulting and directors fees to directors.

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

• 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

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
	-	-
	-	-

• See chapter 19 for defined terms.

Appendix 5B Page 2

30/9/2001

Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	100
	-
	-
	80
Total	180

Reconciliation of cash

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)	951	181
	-	600
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	951	781

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 ofquarter	Interest at end of quarter
	-	-	-	-
	-	-	-	-

• See chapter 19 for defined terms.

Appendix 5B Page 3

30/9/2001

Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Issued and quoted securities at end of current quarter	Issued and quoted securities at end of current quarter	Issued and quoted securities at end of current quarter	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	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	527,045,233	527,045,233
	a) 85,409,040	85,409,040
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	7,500,000		Exercise price $0.10	Expiry date 10 October 2016
	7,500,000		$0.06	23 April 2016
7.11 Debentures (totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 4

30/9/2001

Appendix 5B Mining exploration entity quarterly report

7.122 Unsecured notes (totals

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 4).

• 2 This statement does give a true and fair view of the matters disclosed.

==> picture [105 x 55] intentionally omitted <==

Sign here: ............................................ Date: .....28 July 2016.................

Print name: .. Robert Orr....................................................... (Company secretary)

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 1022: Accounting for Extractive Industries and AASB 1026: 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.

Appendix 5B Page 5

30/9/2001