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DART MINING NL Interim / Quarterly Report 2022

Jan 30, 2023

64792_rns_2023-01-30_483932e9-c802-4124-8046-c6a9a4e5b381.pdf

Interim / Quarterly Report

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For the period ending 31 December 2022

ASX Release

31 January 2023

Activities Report for the Quarter Ended 31 December 2022

Dart Mining NL (ASX: DTM) (“Dart”, “Dart Mining” or “the Company”) is pleased to present its Quarterly Report for the three-month period ending 31 December 2022 and to provide commentary and an update to Shareholders.

Highlights

Dart Mining granted Sociedad Química y Minera de Chile S.A (SQM) (NYSE:SQM) with a current market capital of approximately US$26B, the right, to sole fund exploration expenditure totalling A$12million over the next 6 years. During the first earn in period, SQM may earn an initial 30% interest in the Dorchap Lithium Project by sole funding exploration expenditure of A$3million for the next 3 years

  • SQM / Dart Mining Technical Advisory Committee (TAC) formed, and an initial work program, fully funded by SQM, has been outlined, including:

  • Diamond drilling planned to test immediately accessible targets

  • Outcrop surface sampling of dykes identified through LiDAR survey

  • Permitting applications submitted for low-impact exploration drilling

  • Preparation of standard exploration work plans underway and progressing

  • Ongoing Granite Flat diamond drilling program continued with 680m completed during the quarter with further assay results anticipated in February and March 2023

  • EL renewals granted for critical lithium tenements providing assurance of tenure

  • EL5315, EL006277 & EL006300 each renewed for a further five years

  • Tenement Status Update

  • EL00627, EL006300 & EL5315, jointly forming the Dorchap Lithium Project have been renewed for further five years

  • EL007099 (Sandy Creek) granted in Northeast Victoria

  • EL006016 (Rushworth) renewed for further 5 years in Central Victoria

  • EL9476 (Woomargama) granted for 4 years in New South Wales

  • Lodgement of two tenement applications at Yambaccona and Barellan across fractionated granites in New South Wales

OPERATIONAL SUMMARY

Formation of the Dorchap Lithium project TAC formally kicked off the SQM/DTM joint venture exploration and planning phase. This included an ESG review of proposed exploration activities. The ongoing review will ensure the highest level of compliance and good practice of proposed exploration activities going forward.

The company continues to engage with other interested parties across Dart’s portfolio of metals prospectivity, including Cu-Au, Mo, and Au projects within the portfolio.

Granite Flat Cu-Au drill testing continued during the quarter and is ongoing.

Assay sample results delivery has continued to be a drag on results announcements although we have seen a recent improvement in lead times. We expect to be able to release results in a timelier manner going forward.

Dorchap Lithium Project

Dart Mining announced ( ASX 16 December 2022 ) that SQM-Dart Mining Technical Advisory Committee (TAC) has been created and has initiated progress and work program development on Dart Mining’s Dorchap Lithium project in Northeast Victoria.

Formation of the TAC, containing representatives from Dart and SQM is an essential first step in reviewing the project and the work programs for the development of exploration targets. The TAC has jointly outlined an initial six-month exploration work program. This exploration program will comprise surface rock chip sampling from prospective pegmatites identified in LiDAR data ( ASX 17 October 2021 ), run in tandem with an initial diamond drill program to assess previously identified, roadside and near-roadside lithium-bearing pegmatite dykes.

A surface chip sampling program has begun across the prospective targets identified in LiDAR data. The initial focus of the sampling program is the Gosport area of the Dorchap Range, which is located in the centre of the LCT fractionated zone identified in regional geochemical mapping, has demonstrated lithium and spodumene mineralisation, and is believed by Dart Mining geologists to be the most prospective zone for further LCT pegmatites.

Further to this, a low impact exploration work program has been approved for approximately 3000m of diamond drilling across five LCT pegmatite targets in the Dorchap Range. Additionally, Dart Mining has received notification from Earth Resources Regulation Victoria that exploration licences EL5315 (Mitta), EL006277 (Empress), and EL006300 (Eskdale) have each been renewed for a period of five years, providing assurance of tenure across the Dorchap Lithium Project ( ASX 5 December 2022 ).

In early December Dart Mining also hosted geologists from the Geological Survey of Victoria, who are undertaking specific mineralogical, geochemical, and geochronological testing of critical minerals systems in Victoria, including the Dorchap LCT pegmatite dyke swarm, and the Walwa Sn-Ta pegmatites.

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Figure 1Location of Dart Mining’s tenements and the Dorchap Lithium project in Northeast Victoria.

Chairman, James Chirnside commented : “The formation of the technical advisory committee marks the first step in our relationship with our fully funded earn-in joint venture partners, SQM. The TAC is critical for the establishment of a systematic and deliberate exploration approach and will help in the acceleration of further exploration of the Dorchap Lithium Project. Extended tenure of the critical Exploration Licences is very constructive, and we are eager to progress surface sampling and drill testing of this highly prospective Lithium project.”

Granite Flat Cu-Au Project

Diamond drilling continued on the Granite Flat project, with an emphasis on targeting the late-stage, narrow, structurally controlled, high-grade Cu-Au-Ag epithermal mineralisation. A total of 680m of NQ diamond drilling was completed in the December 2022 quarter, across six drill holes, all of which were along the 550m strike extent of the Crawley’s line of reef, near Sulphide Shaft. The majority of this core has been logged and submitted for assay, with results anticipated in February – March 2023.

Rushworth Orogenic Gold Project

A regional soil sampling and structural mapping program has been implemented across the Rushworth area. Soil sampling is comprised of a 50m x 50m grid for an estimated total of 3,700 samples. Structural mapping has identified at least two major regional structures, which several smaller, locally mineralised structures identified by field mapping. The soil sampling program is ongoing, and nearing completion.

Tenement Status Update

Dart Mining announced (ASX 5 December 2022) the grant of two new tenements, EL007099 (Victoria) and EL9476 (New South Wales), and two additional tenement applications in New South Wales (ELA6536 & ELA6548), intended to target fractionated granites prospective for Lithium-Caesium-Tantalum pegmatite mineralisation. Additionally, four existing licences in Victoria have been renewed for a further five years.

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Figure 2 : Location and details for the recently granted renewed exploration licences in Victoria and New South Wales, along with details of recent tenement applications in New South Wales .

Dorchap Lithium Project

Dart Mining has received notification from Earth Resources Regulation Victoria that exploration licences EL5315 (Mitta), EL006277 (Empress), and EL006300 (Eskdale) have each been renewed for a period of five years, providing assurance of tenure across the Dorchap Lithium Project (Figure 1). This follows the announcement of Dart Mining’s earn-in agreement with SQM (ASX 26 July 2022). Jointly, EL5315, EL006277 & EL006300 form the core of Dart Mining’s Dorchap Lithium Project. Additionally, EL006277 also hosts Dart Mining’s wholly-owned intrusion-related Granite Flat Cu-Au project, upon which diamond drilling is currently underway.

Sandy Creek Gold Project

The grant of EL007099 (Sandy Creek) and the renewal of EL006300 (Eskdale), means Dart Mining has the exclusive exploration rights across the Sandy Creek Goldfield in Northeast Victoria, 35 kilometres southeast of Albury-Wodonga (Figure 1). The grant of EL007099 allows access to walk-up drill targets that have been previously identified by Dart Mining geologists. The renewal of EL006300 incorporates several prospects (ASX 16 February 2021), with drilling results including:

  • 5m @ 5.75 g/t Au from 18m in SRERAB32B at O’Dell’s, including 3m @ 8.8 g/t Au

  • 5m @ 3.96 g/t Au from 2m in SRERAB37 at O’Dell’s, including 1m @ 15.5 g/t Au

  • 9m @ 1.75 g/t Au from 31m in SRERAB06 at Honeysuckle, including 1m @ 5.47 g/t Au

EL006300 has been demonstrated to host narrow, high-grade gold-arsenic and gold-antimony mineralisation in chip samples, e.g., Sample 70310: 0.2m @ 122 g/t Au & 0.2% Sb ; Sample 69790: 2.5m @ 12.3 g/t Au (DTM ASX Release 3rd July 2020). Walk-up drill targets on the recently granted EL007099 tenement include the Wild Horse prospect, where silica-sulphide Au-As mineralisation has been sampled, returning 4m @ 5.16 g/t Au (ASX 3 July 2020).

Rushworth Gold Project

EL006016 (Rushworth; Figure 1), in conjunction with EL007007 and EL006994 span the entirety of the Rushworth Goldfield. The renewal of EL006016 for a further five years will allow further exploration and development of the Rushworth Orogenic Gold Project. A regional soil survey is currently underway across the footprint of the Rushworth Goldfield, which is largely encapsulated with EL006016. Drilling undertaken on the Pheonix Hill prospect identified several gold intercepts (ASX 6 April 2021), including:

  • 12m @ 1.26 g/t Au; including 2m @ 3.49 Au in RARC06 from surface

  • 8m @ 1.02 g/t Au; including 3m @ 2.26 g/t Au in RBRC07 from surface

  • 19m @ 1.1 g/t Au; including 5m @ 2.3 g/t Au in RBRC08 from surface

  • 3m @ 4.0 g/t Au; including 1m @ 10.8 g/t Au in RCRC08 from 18m

  • 2m @ 4.07 g/t Au; including 1m @ 7.1 g/t Au in RDRC03

New South Wales Critical Mineral Projects

Exploration licence EL9476 (Woomargama) has been granted across an area of 188 km2, immediately adjacent the Victoria-New South Wales border (Figure 2). This tenement is situated to target vein-style and pegmatite hosted Tin-Tungsten mineralisation. The tenement lies between the Mullengandra tinfield in New South Wales and the Walwa-Jingellic Tin-Tantalum-Tungsten mineralisation systems which spans the Victoria-New South Wales border.

An exploration licence application (ELA6536 – Yambacoona) has been placed across DoradillaYambacoona area immediately east of the township of Bourke in northern New South Wales (Figure 1). Tin mineralisation is known in the Doradilla-Yambacoona prospect area, and has potential to be associated with fractionated S-type granites capable of generating Li-Cs-Ta pegmatites. The Stanthorpe Sn province occurs in north-eastern New South Wales, within the New England Orogen, and is associated with over 150 individual tin deposits, which collectively indicate good prospectivity for ELA6536, particularly when coupled with geophysical datasets indicating that a portion of the Brewarrina Granite pluton continues beneath shallow cover, providing a previously unidentified target play.

An additional exploration licence application ELA6548 (Barellan) has been placed in the central west of New South Wales (Figure 2). The Barellan play is completely concealed by the Cenozoic cover; however, signatures within aeromagnetic data and the likely peraluminous nature of associated granites and the regionally proximal occurrence of tin mineralisation are positive features of the target. While under thin cover, Dart considers that the concept can be quickly and economically tested. If successful, the project opens significant opportunities for discoveries of other LCT occurrences within the Lachlan Fold Belt of NSW.

UPCOMING EXPLORATION PROGRAMS

Dorchap Lithium Project

Dart Mining holds an approved low impact exploration work program for a planned 3000m of diamond drilling of accessible Lithium-Caesium-Tantalum pegmatite targets in the Dorchap Range. These exploration targets have been previously identified through rock chip sampling programs which have identified lithium minerlaisation. Additionally, site surveys and permitting is underway to undertake standard workplan preparation across less accessible lithium mineralised pegmatite exploration targets in the Dorchap Range.

Granite Flat Cu-Au Project

Reverse Circulation drilling will begin at the Granite Flat project in January 2023, with 1600m of drilling planned across 15 holes, with the intent to determine the extent of Cu-Au mineralisation associated with the large soil Cu anomaly on the northern end of the project. Previous drilling has demonstrated long intercepts of low-grade Cu-Au mineralisation punctuated by narrow high-grade CuAu vein hosted mineralisation; however, a 700m long extent showing high Cu-Au soil anomalism remains untested between holes. Drill collars are planned at approximately 70-150m wide intervals to identify and assess the nature and extent of any mineralisation in this untested interval.

Rushworth Orogenic Gold Project

A regional soil sampling program across the Rushworth area is nearing completion, and is due to be supplemented by high-resolution airborne LiDAR data, which highlights geological structural trends, and outlines in detail and high precision the abundance of historic mine workings across the Rushworth region.

Sandy Creek Gold Project

A preliminary soil sampling program is prepared across the Wild Horse workings near Eskdale Spur. The Wild Horse workings have very little historic development, but demonstrate good indications of silica-As hosted mineralisation, including 4.0m at 5.16 g/t Au, sampled across the back of the Wild Horse adit ( ASX 3 July 2020 ).

CORPORATE

At the end of the December 2022 Quarter the Company held $814,000 in cash at bank. Payments to related parties were approximately $81,000 in director fees, $10,000 in general consulting fees, $20,000 in exploration consulting fees and $1,682 in legal fees.

Release approved by the board of Directors.

For more information contact:

James Chirnside Managing Director Dart Mining NL [email protected] +61 447 447 613

Peter Taylor Investor Relations NWR Communications [email protected] +61 412 036 231

About Dart Mining

Dart Mining’s (ASX: DTM) objective is in exploring, evaluating, and developing, several historic goldfields, as well as validating a new porphyry province in Northeast Victoria. The area is prospective for precious, base, battery, and other strategic metals. These include Lithium, Gold, Silver, Copper, Molybdenum, Zinc, Tungsten, Tin, Tantalum, and other important minerals. Dart Mining has built a strategically important gold exploration footprint in the Central and Northeast regions of Victoria, where historic surface and alluvial gold mining proves the existence of a significant regional gold endowment. Additional information on Dart Mining’s other recent and current exploration activities can be found in:

21[st] September 2022: “Granite Flat Deep Diamond Results”

18[th] August 2022: “High Grade Au-Ag-Cu Assays from Granite Flat Rock Samples”

26[th] July 2022: “Dorchap Lithium Earn-in Agreement with SQM”

23[rd] June 2022: “Spodumene Dominant in Dorchap Lithium Project”

27[th] October 2021: “LiDAR Points Towards Increase in Lithium Pegmatites”

6[th] October 2021: “Lithium Drilling Update”

22[nd] September 2021: “Mt Elmo Goldfield Mineralisation”

20[th] July 2021: “Strategic and Technology Metals”

6[th] April 2021: “Strong Gold Mineralisation Intercepted at Rushworth”

16[th] February 2021: “Sandy Creek Significant Gold Mineralisation”

16[th] November 2020: “Drilling Commencement, Historic Rushworth Goldfield”

5[th] November 2020: “Rushworth Historic High-Grade Goldfield”

30[th] October 2020: “Report for the quarter ended 30[th] September 2020”

19[th] October 2020: “Drill Results Reveal High-Grade Gold”

Tenement Schedule

Table 1: Tenement status and details.

Tenement
Number
Name Tenement Type Area (km2)
Unless
specified
Interest Location
MIN006619 Mt View2 Mining License 224 Ha 100% NE Victoria
EL5315 Mitta Mitta4 Exploration Licence 148 100% NE Victoria
EL006016 Rushworth4 Exploration Licence 32 100% Central Victoria
EL006277 Empress Exploration Licence 87 100% NE Victoria
EL006300 Eskdale3 Exploration Licence 96 100% NE Victoria
EL006486 Mt Creek Exploration Licence 116 100% NE Victoria
EL006764 Cravensville Exploration Licence 170 100% NE Victoria
EL006861 Buckland Exploration Licence 414 100% NE Victoria
EL007007 Union Exploration Licence 3 100% Central Victoria
EL006994 Wangara Exploration Licence 190 100% Central Victoria
EL007008 Buckland West Exploration Licence 344 100% NE Victoria
EL007099 Sandy Creek Exploration Licence 437 100% NE Victoria
EL006865 Dart EL (Application) 567 100% NE Victoria
EL006866 Cudgewa EL (Application) 508 100% NE Victoria
EL007170 Berringama EL (Application) 27 100% NE Victoria
EL007430 Buchan EL (Application) 546 100% Gippsland
EL007435 Goonerah EL (Application) 587 100% Gippsland
EL007425 Deddick EL (Application) 341 100% Gippsland
EL007428 Boebuck EL (Application) 355 100% NE Victoria
EL007426 Walwa EL (Application) 499 100% NE Victoria
EL007754 Tallandoon EL (Application) 88 100% NE Victoria
RL006615 Fairley’s2 Retention License 340 Ha 100% NE Victoria
RL006616 Unicorn1&2 Retention License 23,243 Ha 100% NE Victoria
EL9476 Woomargama Exploration Licence 188 100% New South Wales
ELA6536 Yambacoona EL (Application) 549 100% New South Wales
ELA6548 Barellan EL (Application) 159 100% New South Wales

All tenements remain in good standing as of 31 December 2022.

NOTE 1: Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013.

NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement. NOTE 3: Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016).

NOTE 4: Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce William McLennan.

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

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

Name of entity
DART MINING NL
ABN Quarter ended (“current quarter”)
84 119 904 880 31 December 2022
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
1.2 Payments for
- -
(a) exploration & evaluation
- -
(b) development
- -
(c) production
(d) staff costs (16) (41)
(e) administration and corporate costs (216) (389)
1.3 Dividends received (see note 3)
1.4 Interest received 2 2
1.5 Interest and other costs of finance paid (2) (2)
1.6 Income taxes paid
1.7 Government grants and tax incentives - -
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating (231) (428)
activities
2. Cash flows from investing activities
2.1 Payments to acquire or for:
- -
(a) entities
- -
(b) tenements
(c) property, plant and equipment (148) (234)
(d) exploration & evaluation (622) (1,059)
(e) investments (30) (37)
(f) other non-current assets - -
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ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

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Consolidated statement of cash flows Current quarter Year to date
$A’000
(6 months)
$A’000
2.2 Proceeds from the disposal of:
- -
(a) entities
- -
(b) tenements
(c) property, plant and equipment - 4
- -
(d) investments
- -
(e) other non-current assets
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (SQM Earn - in) 300 300
2.6 Net cash from / (used in) investing (500) (1,026)
activities
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) 45 2,000
3.2 Proceeds from issue of convertible debt
securities
3.3 Proceeds from exercise of options
3.4 Transaction costs related to issues of equity (17) (67)
securities or convertible debt securities
3.5 Proceeds from borrowings
3.6 Repayment of borrowings (20) (41)
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 8 1,892
activities
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of 1,537 376
period
4.2 Net cash from / (used in) operating (231) (428)
activities (item 1.9 above)
4.3 Net cash from / (used in) investing activities (500) (1,026)
(item 2.6 above)
4.4 Net cash from / (used in) financing activities 8 1,892
(item 3.10 above)
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ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

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

Consolidated statement of cash flows Current quarter Year to date
$A’000
(6 months)
$A’000
4.5 Effect of movement in exchange rates on
cash held
4.6 Cash and cash equivalents at end of 814 814
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 814 1,537
5.2 Call deposits - -
5.3 Bank overdrafts - -
5.4 Other (provide details) - -
5.5 Cash and cash equivalents at end of 814 1,537
quarter (should equal item 4.6 above)
6. Payments to related parties of the entity and their Current quarter
associates $A'000
6.1 Aggregate amount of payments to related parties and their 45
associates included in item 1
6.2 Aggregate amount of payments to related parties and their 68
associates included in item 2
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.
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ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

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

7. Financing facilities Total facility Amount drawn at
Note: the term “facility’ includes all forms of financing amount at quarter quarter end
arrangements available to the entity.
end $A’000
Add notes as necessary for an understanding of the
sources of finance available to the entity. $A’000
7.1 Loan facilities
7.2 Credit standby arrangements
7.3 Other (please specify)
7.4 Total financing facilities
7.5 Unused financing facilities available at quarter end
7.6 Include in the box below a description of each facility above, including the lender, interest
rate, maturity date and whether it is secured or unsecured. If any additional financing
facilities have been entered into or are proposed to be entered into after quarter end,
include a note providing details of those facilities as well.
8. Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (231)
8.2 (Payments for exploration & evaluation classified as investing (622)
activities) (item 2.1(d))
8.3 Total relevant outgoings (item 8.1 + item 8.2) (853)
8.4 Cash and cash equivalents at quarter end (item 4.6) 814
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 814
8.7 Estimated quarters of funding available (item 8.6 divided by 0.95
item 8.3)
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: Yes
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: No
8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: Yes, funding is expected from both the Company’s own resources and under an
earn-in with SQM (see ASX announcement on 16 December 2022), as well as from
vegetation offset receipts
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.
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ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow 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.

Date: 31 January 2023

Authorised by: By the Board

Notes

  1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

  2. If this quarterly cash flow 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 cash flow 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. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committeeeg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

  5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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