AI assistant
DEEP YELLOW LIMITED — Interim / Quarterly Report 2018
Oct 29, 2017
64808_rns_2017-10-29_a0c9b55f-e471-49b5-afcb-ee6a4ea8bd5e.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
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
DEEP YELLOW LIMITED
ABN Quarter ended (“current quarter”) 97 006 391 948 30 SEPTEMBER 2017
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (excludes direct exploration expenditure) (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other 1.9 Net cash from / (used in) operating activities* |
- (873) - - (232) (400) - 15 - - - - |
- (873) - - (232) (400) - 15 - - - - |
| (1,490) | (1,490) |
*Includes an amount of $339,000 in relation to the Nova Joint Venture as per JOGMEC earn-in contribution noted in 2.5 below.
| 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments |
(66) - - |
(66) - - |
|---|---|---|
- 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 | Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| (d) other non-current assets 2.2 Proceeds from the disposal of: (a) property, plant and equipment (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 (JOGMEC earn-in contribution) 2.6 Net cash from / (used in) investing activities |
- - - - - - - 339 |
- - - - - - - 339 |
| 273 | 273 | |
| 3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of 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 activities** |
- - - (484) - - - - - |
- - - (484) - - - - - |
| (484) | (484) |
| ** Cost in relation to the $15.1 million non-renounceable entitlement issue completed during June 2017. |
** Cost in relation to the $15.1 million non-renounceable entitlement issue completed during June 2017. |
** Cost in relation to the $15.1 million non-renounceable entitlement issue completed during June 2017. |
|---|---|---|
| 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) |
14,960 (1,490) 273 (484) |
14,960 (1,490) 273 (484) |
- 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 | Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period |
9 | 9 |
| 13,268 | 13,268 | |
| 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts |
Current quarter $A’000 |
Previous quarter $A’000 |
| 5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) |
4,268 9,000 - - |
14,960 - - - |
| 13,268 | 14,960 | |
| 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 1.2 330 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 |
||
| Current quarter $A'000 |
||
| 330 | ||
| - |
Includes payment to the Managing Director in relation to his STI for the 2017 financial year.
| 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 |
N/A
- 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 Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $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. |
Total facility amount at quarter end $A’000 |
Amount drawn at quarter end $A’000 |
|
|---|---|---|---|
| - | - | ||
| - | - | ||
| - | - | ||
| N/A |
N/A
| 9. Estimated cash outflows for next quarter |
$A’000 |
|---|---|
| 9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other (provide details if material) *9.7 Total estimated cash outflows |
980 - - 220 350 - |
| 1,550 |
*** Includes an amount of $734,000 estimated as exploration expenditure in relation to the Nova Joint Venture to be funded by JOGMEC.
| 10. Changes in tenements (items 2.1(b) and 2.2(b) above) |
Tenement reference and location |
Nature of interest | Interest at beginning of quarter |
Interest at end of quarter |
|---|---|---|---|---|
| 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 |
- | - | - | - |
- 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: ............................................................ (Company secretary) Mark Pitts Print name: .........................................................
30 October 2017 Date: .............................................
Notes
-
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.
-
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.
-
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
Page 5
Annexure 1
Schedule of Mineral Tenure – September 2017
NAMIBIA
| Number Name Interest Expiry Date JV Parties Approx. Area **(km2) ** |
Number Name Interest Expiry Date JV Parties Approx. Area **(km2) ** |
|---|---|
| EPL 3496#1 Tubas 100% 05.06.2019 - 608 |
|
| EPL 3497#1 Tumas 100% 05.06.2019 - 382 |
|
| EPL 3498 Aussinanis 85% 07.05.2016#2 5% Epangelo#4 253 |
|
10% Oponona#5 |
|
| EPL 3669 Tumas North 65% 20.11.2019 |
[25% Nova (Africa)#6 122 |
| EPL 3670 Chungochoab 65% 20.11.2019 |
10% Sixzone#7] 477 |
| ML 176#3 Shiyela 95% 05.12.2027 5% Oponona#5 54 |
|
| #15% right granted to Oponona#5in 2009 to participate in any projects which develop from these EPLs | |
#2Application has been made for a Mineral Deposit Retention Licence (MDRL) to secure the uranium resource within EPL3498. The EPL remains valid whilst the outcome of the MDRL application is pending. |
|
| #3Located entirely within EPL3496 | |
| #4Epangelo Mining (Pty) Ltd | |
| #5Oponona Investments (Pty) Ltd | |
| #6Nova (Africa) (Pty) Ltd | |
#7Sixzone Investments (Pty) Ltd |
|
| 1,896 | |
| GREEMENTS | |
| **Approx. Area (km2) ** | |
ABM Resources NL - Northern Territory (100% uranium rights stay with DYL) 5,257 |
|
5,257 |