CZR RESOURCES LTD — Interim / Quarterly Report 2016

Oct 30, 2016

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

Coziron Resources Limited

ABN91 112 866 869	Quarter ended (“current quarter”)
91 112 866 869	30 September 2016

Consolidated statement of cash flows	Current quarter$A’000	Year to date(3 months)$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	-(451)---(170)-10----	-(451)---(170)-10----
	(611)	(611)
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	----	----

• 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	Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$A’000	Current quarter$A’000	Year to date(3 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 (provide details if material)2.6Net cash from / (used in) investingactivities				-------		-------
				-		-
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 issues 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				--		---------
	Procee Transa	ds from exercistion costs rela	e of share options	-		-
			ted to issues of
	shares, Procee Repaym Transaborrowi	convertible nods from borrowent of borrowiction costs relangs	tes or optionsingsngsted to loans and		----	----
				--
				-		-
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				2,309(611)---		2,309(611)---
				1,698		1,698

• 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
	equivalents
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the	Current quarter	Previous quarter
	related items in the accounts	$A’000	$A’000
5.1	Bank balances	8	8
5.2	Call deposits	690	551
5.3	Bank overdrafts
5.4	Other (provide details)	1,000	1,750
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	1,698	2,309
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		90
6.2	Aggregate amount of cash flow from loans to	these parties included	Nil
	in item 2.3
6.3	Include below any explanation necessary to understand the transactions included in
	items 6.1 and 6.2

Company secretarial, office and accounting services, Directors’ Fees, Legal fees and Corporate advisory fees. Includes amounts paid to Price Sierakowski, Trident Capital and Trident Management Services, entities associated with Mr Sierakowski. Includes amounts paid to Mr Ramsay for geological services

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	Nil
7.2	Aggregate amount of cash flow from loans to these parties included	Nil
	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 availableAdd notes as necessary for anunderstanding of the positionTotal facility amountat quarter end$A’000Amount drawn atquarter end$A’0008.1Loan facilitiesNilNil8.2Credit standby arrangementsNilNil8.3Other (please specify)NilNil8.4Include 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.	Total facility amountat quarter end$A’000	Amount drawn atquarter end$A’000
		Nil	Nil
		Nil	Nil
		Nil	Nil

9.Estimated cash outflows for next quarter	$A’000
9.1Exploration and evaluation9.2Development9.3Production9.4Staff costs9.5Administration and corporate costs9.6Other (provide details if material)9.7Total estimated cash outflows	950---200-
	1,150

10.Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	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.

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

Sign here:

==> picture [173 x 56] intentionally omitted <==

Date: 31 October 2016

(Director/Company secretary)

Print name: Stephen Hewitt-Dutton

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.

• See chapter 19 for defined terms 1 September 2016

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