EV RESOURCES LTD — Interim / Quarterly Report 2019

Jan 30, 2019

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

JADAR LITHIUM LIMITED (JDR)

ABN 66 009 144 503	Quarter ended (Current quarter)
66 009 144 503	31 DECEMBER 2018

Consolidated statement of cash flows

1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for: (a) exploration and evaluation (b) development (c) production (d) staff costs and board remuneration (e) administration and corporate costs 1.3 Dividends received (see note3) 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: Business Development and Investor Relations 1.9 Net cash from /(used in) operating activities	Current quarter $A'000	Year to date (6 Months) $A'000
	- - (295) - - (65) (83) - 15 - - - (45)	- - (358) - - (118) (126) - 22 - - - (72)
	(473)	(652)
2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets 2.2 Proceeds from 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 note3) 2.5 Other – cash on acquisition 2.6 Net cash from /(used in) investing activities	- - - - - - - - - - - -	- - - - - - - - - - - -
	-	-

• 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 (6 Months) $A'000
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	- - - - - - - - -	- - - - - - - - -
	-	-
4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of quarter/year to date 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) 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end ofquarter	3,239 (473) - - (8)	3,419 (652) - - (9)
	2,758	2,758
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 5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other – Funds held in trust 5.5 Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	Current quarter $A'000	Previous quarter $A'000
	2,758 - - -	3,239 - - -
	2,758	3,239
6. Payments to directors of the entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 6.3 Include below anyexplanation necessaryto understand the transactions included in items
		Current quarter $A'000
		37
		-
		6.1 and 6.2
Payment for Non-Executive Director fees.
7. Payments to related entities of the entity and their associates 7.1 Aggregate amount of payments to these parties included in item 1.2 and 1.8 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 7.3 Include below anyexplanation necessaryto understand the transactions included in items
		Current quarter $A'000
		49
		-
		7.1 and 7.2
Payment to Company associated with Director for Company Secretarial services and payment to Company associated with Director for Consulting fees.

• 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 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 afterquarter end, include details of those facilities as well.	Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
	-	-
	-	-
	-	-

9. Estimated cash outflows for next quarter 9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other 9.7 Total estimated cash outflows	$A'000
	174 - - 49 140 100
	463

10. Changes in tenements (items 2.1(b) and 2.2(b) above) 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	Tenement reference and location	Nature of interest	Interest at beginning of quarter %*	Interest at end of quarter %
	Nil
	Nil Change

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.

Signed: Dated: 31 January 2019 Company Secretary

Print name: Louisa Martino

• 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

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 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 standard applies 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. See chapter 19 for defined terms 1 September 2016

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