FireFly Metals Ltd. — Interim / Quarterly Report 2021

Jan 30, 2022

ASX: AUT 31 January 2022

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ASX ANNOUNCEMENT

December 2021 Quarterly Report

Outstanding exploration results set up AuTECO for February Resource update

A quarter of significant exploration success points to growth in the 1.7 Moz Resource at Pickle Crow; Five rigs drilling as part of the strategy to continue increasing the inventory

KEY POINTS

• Exceptional drill results received during the December quarter as part of AuTECO’s ongoing 50,000m drilling program at the Pickle Crow Gold Project in Ontario, Canada

• The current high-grade vein-hosted Resource at Pickle Crow stands at 1.47Moz at 10.1g/t

• The alteration hosted Resource, which is predominantly Banded Iron Formation (BIF), is 240,000oz at 3.7g/t gold and is potentially amenable to bulk mining

• A revised Resource estimate is on track for completion in February 2022

• Drilling outside Pickle Crow’s vein-hosted Resource in the Shaft 1 and Shaft 3 areas continued to extend high-grade veins which included:

  • 7.3m @ 33.3 g/t gold from 9.4m in hole AUDD0246

  • 2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200

  • 2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229

  • 4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200

  • 4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196

  • 2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214

  • 3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183

  • 1.5m @ 35.2 g/t gold from 541.5m in hole AUDD0227

  • 4.0m @ 11.0 g/t gold from 205.8m in hole AUDD0240

• Ongoing exploration targeting of Banded Iron Formation-hosted (BIF) mineralisation near Shaft 1 continues to return strong intersections, including:

  • 19.5m @ 3.3g/t gold from 340.7m in hole AUDD220

  • 6.0m @ 5.8 g/t gold from 423m in hole AUDD0205

ASX: AUT

ACN: 110 336 733 Principal and Registered Office: Ground Floor 24 Outram Street West Perth WA 6005

Ray Shorrocks - Executive Chairman Michael Naylor - Non-Executive Director Stephen Parsons - Non-Executive Director Nicholas Katris - Company Secretary Darren Cooke - Chief Operating Officer Page | 1

T: +61 8 9220 9030 E: info@autecominerals.com W: www.autecominerals.com

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• Exploration drilling targeting BIF mineralisation ~500m south-west of Shaft 1 at the F Zone target demonstrates the significant strike potential, with first holes drilled returning intersections of:

  • 25.2m @ 1.3 g/t gold from 166m in hole AUDD0228

  • 11.8m @ 1.6 g/t gold from 130.3m in hole AUDD0225

• Follow-up drilling at the Carey discovery demonstrates further potential for bulk mineralisation. Best intersections included:

  • 4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194

  • 11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181

  • 1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180

  • 7.0m @ 2.0g/t gold from 289m in hole AUDD0188

• First-pass exploration drilling on the Carey trend ~600m to the north-east intersected shallow high-grade gold, with intersections including:

  • 0.5m @ 84.0g/t gold from 8.2m in AUDD0167

• Five diamond rigs currently drilling at Pickle Crow

• Drilling has commenced on regional targets outside the main historic mine area, with first results expected early in the June quarter.

• AuTECO remains well funded to continue its growth campaign, with $10.5M in cash at the 31[st] of December 2021

AuTECO Executive Chairman Ray Shorrocks said:

“We enjoyed outstanding exploration success at Pickle Crow throughout the quarter, setting us up for growth in the 1.7Moz Resource over coming weeks.

“We generated these results within both the high-grade vein-host areas and the banded iron formation mineralisation. This is important because it helps give us multiple development options utilising both sources of mineralisation.

“As we finalise the Resource upgrade, we are already pushing ahead in search of our next round of Resource growth, with five rigs turning as part of our strategy to create shareholder value by finding more gold.

“With $10.5 million cash at the end of December 2021, AuTECO is well funded to continue its exploration strategy in CY2022.”

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ABOUT THE EXPLORATION PROGRAM

AuTECO commenced a Stage 2 50,000m diamond drill campaign in June 2021, following the success of its previous 45,000 metre drill campaign that delivered a 71% increase in the Inferred Resource to 1.7 million ounces of gold at a grade of 8.1g/t Au.

The dual strategy of driving near-mine Resource growth combined with early-stage exploration targeting will continue to be the focus of the drilling program (Figure 1).

AuTECO expanded the program during the quarter with five diamond drill rigs operating with a dual focus on Resource expansion and near-mine exploration. This includes growing the highgrade vein Resource, which comprises 1.47Moz at 10.1g/t, and the alteration-hosted Resource of 240,000oz at 3.7g/t.

A Resource update as at 31 December 2021 is scheduled for release in February 2022.

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Figure 1: Current AuTECO strategic work plan and key objectives from July 2021 until the scheduled release of the year end Resource update in February 2022. Please note that timeframes are indicative.

EXPLORATION AND GEOLOGICAL DETAIL

Deposit Overview

Geological setting

The Pickle Crow deposit is in the Uchi-Birch sub-province of the Archean aged Superior Craton (Figure 2). AuTECO manages approximately 500 square kilometres of tenure in the northern Pickle Lake greenstone belt (Figure 3).

The Pickle Crow deposit is a typical Mesothermal narrow-vein high grade Archean orogenic gold deposit, with mineralised veins present within local structures formed within a broader Riedel shear zone.

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Figure 2: Location of the Pickle Crow deposit within the Uchi subprovince of the Superior Craton, Ontario, Canada

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Figure 3: Geology and mining claims managed by AuTECO in the northern Pickle Lake greenstone belt. Note all work has been conducted by AuTECO to date is within the orange box.

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Mineralisation and Historic Production

There are two main styles of mineralisation (Figure 4) at the Pickle Crow deposit:

• Quartz vein hosted mineralisation

• Alteration hosted mineralisation (BIF or Porphyry)

Mining at the Pickle Crow deposit between 1935 and 1966 produced 1.5 Moz of gold at a head grade of 16.1 g/t. The historic production was sourced entirely from the vein-style mineralisation, mined from more than 10 individual quartz reefs.

To date >30 individual veins have been identified proximal to underground shaft infrastructure (Shaft 1, Shaft 3, and Albany Shaft).

Exploration results in this report have been grouped based on proximity to the main historic shafts.

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Figure 4: Summary of mineralisation styles at the Pickle Crow gold deposit

Mineral Resource

The Inferred Mineral Resource for the Pickle Crow project as at 30 June 2021 is 6.6Mt @ 8.1 g/t for 1.7Moz of gold (Table 1). The reported Resource was subdivided based on the mineralisation style.

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Table 1: Inferred Mineral Resource estimate for the Pickle Crow deposit as at 30 June 2021

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Drilling Strategy

The drilling strategy undertaken during the December quarter is consistent with the broader AuTECO organic growth plan (Figure 5).

A phased approach to drilling was undertaken, with initial work programs targeting new mineralisation outside of the existing Resource, followed by infill drilling aiming to add additional Resource.

Drilling between July and December focused on key extensional targets inside the patented mining claims, predominantly in the Shaft 3 area and at the newly discovered Tyson veins. Near mine exploration targets were also tested in the Shaft 1 and Albany-Carey area.

During November, the focus shifted to infill drilling of newly identified mineralisation that will culminate in a Resource update planned for release in February 2021.

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Figure 5: AuTECO organic growth pathway to March 2022. Please note that timeframes are indicative.

Recent Drilling

Drilling activity has focused on three primary areas since June 2021:

• Shaft 3 Resource Extension drilling

• Albany – Carey Area

• Area east of Shaft 3 (the newly discovered Tyson veins).

Resource expansion drilling in the Shaft 1 and Shaft 3 areas has returned significant drill intersections which increase the known extent of mineralised structures that comprise the current Resource.

Results include a 120m step-out from the Vein 13 Resource intersecting 2.0m @ 68.3g/t gold. Nearmine exploration for alteration-hosted mineralisation with bulk mining potential is in progress.

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Testing of a banded iron target near Shaft 1 delivered an intersection grading 19.5m @ 3.3g/t gold, further demonstrating the potential for mineralisation amenable to bulk mining methods in the Pickle Crow area. Additional results on the targeted BIF drilling are expected during the quarter.

Follow-up drilling of the Carey prospect continues to define broad mineralisation outside of the initial discovery area. Key results include 4m @ 9.9g/t, 11.5m @ 1.5g/t and 7.0m @ 2g/t gold.

Furthermore, a conceptual step-out 600m to the north-east of the Carey-Albany area intersected 0.5m @ 84g/t gold at a shallow depth of 8.2m down the hole. Drilling of the Tyson discovery is in progress, with assay results expected during the current quarter and into 2022.

NEAR-MINE EXPLORATION

Drilling in the near-mine area continued to deliver high-grade results outside of Pickle Crow’s 1.7Moz Resource.

Shaft 1 and Shaft 3 Extension Drilling

Drilling on the Core Mine trend in the Shaft 3 and Shaft 1 areas identified numerous mineralised vein-style structures outside of the current mineral Resource.

Results returned during the Quarter and up to the date of this release included:

• 7.3m @ 33.3 g/t gold from 9.4m in hole AUDD0246 (241.1 gt*m)

• • 2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200 (136.6 gtm) • 2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229 (66.8 gtm) • 1.5m @ 35.2 g/t gold from 541.5m in hole AUDD0227 (52.8 gtm) • 4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200 (45.3 gtm) • 4.0m @ 11.0 g/t gold from 205.8m in hole AUDD0240 (44.0 gtm) • 4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196 (29.6 gtm) • 4.0m @ 6.5 g/t gold from 333m in hole AUDD0218 (25.8 gtm) • 2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214 (23.3 gtm) • 3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183 (20.9 gtm) • 9.4m @ 1.5g/t gold from 106.5m in hole AUDD0195 (14.4 gtm) • 3.2m @ 3.4 g/t gold from 103.2m in hole AUDD0223 (10.7 gtm) • 1.0m @ 10.6g/t gold from 556.3m in hole AUDD0189 (10.6 gtm) • 0.8m @ 13.9 g/t gold from 529.7m in hole AUDD0227 (10.4 gtm) • 0.3m @ 34.2g/t gold from 559.7m in hole AUDD0193 (10.3 gtm)

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A plan map showing the collar locations of recent significant intersections from the Shaft 1 and Shaft 3 areas is presented in Figure 6.

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Figure 6: Location of recent high grade gold drilling results within the Core Mine Shear in the Shaft 1 and Shaft 3 areas. Recent results >10 gram*meter highlighted along with selected historical AuTECO drill results. Please refer to Appendix A – Table 1 for results from this release and also historical ASX Releases (28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021, 02/08/2021, 05/10/2021, 02/12/2021).

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Banded Iron (BIF) Hosted Alteration Mineralisation Exploration

A map showing the collar locations of the recent BIF hosted exploration drilling is presented in Figure 7.

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Figure 7: Map showing the collar position of recent drillholes targeting BIF hosted mineralisation in the Shaft 1 and F Zone areas refer ASX 2/12/2021 & 18/01/2022.

A first-pass exploration campaign was undertaken to test the potential for broad alteration hosted mineralisation in an interpreted banded iron formation adjacent to the Core Mine Shear proximal to Vein 5 in the Shaft 1 area.

Assay results for the first hole returned an intersection of 19.5m @ 3.3g/t gold in AUDD0220 successfully demonstrating the potential for mineralisation amenable to bulk mining.

Hole AUDD0205 drilled to follow up this result returned:

• 6.0m @ 5.8 g/t gold from 423m in AUDD0205 (34.6 gt*m)

First-pass exploration drilling to the south-west of the Shaft 1 area at the F-Zone target successfully intersected shallow widths of BIF hosted mineralisation with initial results including:

• 25.2m @ 1.3 g/t gold from 166.0m in hole AUDD0228

• 11.8m @ 1.6 g/t gold from 130.3m in hole AUDD0225

These encouraging intersections by earlier results from BIF hosted mineralisation which included:

• 4.6m @ 2.7 g/t gold from 192.1m in AUDD0201.

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Carey-Albany Drilling

Follow up drilling in the Carey discovery area continued to intersect shallow, broad widths of alteration hosted mineralisation combined with high-grade vein hosted mineralisation (Figure 8).

This continues to support the bulk mining potential of the Carey area. Recent intersections include:

• 4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194

• 11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181

• 1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180

• 7.0m @ 2.0g/t gold from 289m in hole AUDD0188

• (39.1 gtm) (17.5 gtm) (15.4 gtm) (14.0 gtm).

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Figure 8: Map of drillhole collars in the Carey-Albany area. AuTECO drilling is highlighted.

Hole AUDD0194 drilled in the northern Carey-Albany area successfully intersected 4.0m @ 9.9g/t gold in banded iron alteration hosted mineralisation .

An exploration hole drilled ~600 metres north-east of Carey-Albany on the Core Mine shear trend intersected a shallow high-grade intersection of:

- 0.5m @ 84.0g/t gold from 8.2m in AUDD0167 (42.0 gt*m).

Further work is planned in the North Carey area during 2022.

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FORWARD WORK PLAN

Current work is focused on delivery of an updated Resource in February 2022, with the interpretation and estimation in progress.

The company intends to continue with a dual-tracked approach to drilling for the remainder of 2022, with a combination of extensional in-mine Resource growth drilling and regional exploration.

Regional exploration has now commenced with an initial ~15,000m and two drill rigs allocated to test targets on the 500sqkm of regional tenure (Figure 9). This will take advantage of the favourable drilling conditions during the Canadian winter period.

Regional drilling has been designed to asses key anomalies identified by AuTECO exploration crews through field mapping, surface geocheistry and geophysics.

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Figure 9: Location of targeted regional drilling and key anomalies being subjected to initial drill testing Q1 2022.

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CORPORATE

Financial Information

Auteco’s cash position as at 31 December 2021 was $10.5m. Refer to Appendix 5B report provided separately for principal movements in consolidated cash for the quarter.

Information as disclosed in the Cash Flow Report:

• Net cash used in exploration activities (expensed and capitalised) totalled ~$4.7m;

• There were no mining production and development activities during the quarter; and

• Payments to related parties of the Company and their associates for Executive and Nonexecutive Directors fees, including (where applicable) superannuation totalled $108k.

Results of Annual General Meeting

At Auteco’s Annual General Meeting held on 26 November 2021, all resolutions put to shareholders were passed on a poll. Resolutions included:

1. Remuneration Report

2. Re-election of Director – Mr Michael Naylor

3. Approval of 10% Placement Capacity (Special Resolution)

4. Approval of change of Auditor.

Health & Safety

COVID-19 prevention practices remained in place at Pickle Crow, which has recorded five cases to date.

The Pickle Crow gold Project 12-month rolling average Lost Time Injury Frequency Rate (LTIFR) as of 31 December 2021 remains at zero (0.0). There were no reportable incidents recorded during the quarter.

For and on behalf of the Board.

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Mr Ray Shorrocks Executive Chairman Auteco Minerals Ltd Phone: +61 8 9220 9030

Media:

Paul Armstrong Read Corporate +61 8 9388 1474

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ABOUT AUTECO MINERALS

Auteco Minerals Ltd (ASX: AUT) is an emerging mineral exploration company focused on advancing high-grade gold resources at the Pickle Crow Gold Project in the world-class Uchi subprovince of Ontario, Canada.

The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1.7 Moz at 8.1 g/t gold, with a 50,000m drilling program underway to expedite Resource growth.

Pickle Crow is one of Canada’s highest-grade gold mines – historically producing 1.5 Moz at 16 g/t gold.

The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.

For further information regarding Auteco Minerals Ltd please visit the ASX platform (ASX:AUT) or the Company’s website https://www.autecominerals.com

COMPETENT PERSONS STATEMENT

Certain Exploration Results referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/8/2021, 5/10/2021, 2/12/2021 and 18/01/2022. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

The information in this announcement that relates to new Exploration Results is based on and fairly represents information and supporting information compiled by Mr Marcus Harden, who is a Member of the Australasian Institute of Geoscientists. Mr Harden is an employee of the Company and has sufficient experience in the style of mineralisation and type of deposit under consideration and qualifies as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Harden holds securities in Auteco Minerals Limited and consents to the inclusion of all technical statements based on his information in the form and context in which it appears.

NOTE

As announced on 15 July 2021, "Resource increases 71% to 1.7Moz", Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

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DISCLAIMER

References to previous ASX announcements should be read in conjunction with this release.

FORWARD LOOKING INFORMATION

Various statements in this announcement constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.

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ASX: AUT 31 January 2022 APPENDIX 1

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Summary of Mining Tenements held at the end of December 2021 Quarter

Auteco Minerals Ltd

Western Australia

PROJECT	TENEMENT NO.	STATUS	INTEREST	DETAILS	TENURE HOLDER
Limestone Well	E20/846	Granted	0%	Earning up to 80%	Mithril Resources Ltd
Limestone Well	E57/1069	Granted	0%	Earning up to 80%	Mithril Resources Ltd

Monax Alliance Pty Ltd

South Australia

PROJECT	TENEMENT NO.	STATUS	INTEREST	TENURE HOLDER
Kulitjara	ELA 2013/168	Application	100%	Monax Alliance Pty Ltd
Anmuryinna	ELA 2013/169	Application	100%	Monax Alliance Pty Ltd
Poole Hill	ELA 2013/170	Application	100%	Monax Alliance Pty Ltd

Revel Resources (JV Project) Ltd

Ontario, Canada - Pickle Crow Project (interest 100%)

TENEMENT NO.

571490			574657	to	574669	625906	to	625907	627834	to	627999
571493			574673			625911			628001
571498			574788			625914	to	625917	628201	to	628202
571500			574842	to	574845	625920			628215
571503			574847	to	574863	625922	to	625936	628220
571506			625862	to	625864	625971			628229
571508			625867			626339	to	626465	628231
571511	to	571512	625872	to	625875	626492	to	626514	628233	to	628234
571515	to	571516	625878	to	625879	626566			628236	to	628284
571518			625881	to	625882	626568			628292	to	628293
571520	to	571523	625884			626570	to	626571	628303
571526			625888			626574			629659
571528			625893			626579
571531	to	571532	625897	to	625898	626595
574646	to	574647	625901	to	625903	626598	to	626615

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Revel Resources Ltd

Ontario, Canada

PROJECT	TENEMENT NO.	STATUS	INTEREST	TENURE HOLDER
Trappers Cabin	604520 to 605119	Granted	100%	Revel Resources Ltd
	605437 to 605480
Gold Thrust	605481 to 605784	Granted	100%	Revel Resources Ltd

Revel Resources (JV Project) Ltd

Ontario, Canada

Pickle Crow Project: Auteco has entered into a binding term sheet agreement to acquire up to 80% of the Pickle Crow Gold Project through PC Gold Inc, which is a wholly owned subsidiary of First Mining Ltd. For further details refer to ASX announcements dated 28 January 2020 and 17 February 2020.

TENEMENT	117942			125797			154984			173067
NO.	117947			125837			154985			173068
	117948			125856			155002			173091
102631
	117969			127040			155022			173136
102632
	117970			127041			157233			173138
102636
	117977			127444			157234			173544
102637
	117998			135139			161424			173853
102655
	117999			137058	to	137060	169618			173854
102656
	118002			137199			169638			173875
102688
	118032			137200			169639			182415
102716
	118094			137848			169646			182433
102717
	118095			143310			169672			182434
102720
	118115			147879			169674			182438
102773
	118121			151198			169675			182440
102796
	118227			152985			169709	to	169711	182468
102797
	118288			152991	to	152993	170264			182472
102827
	124493	to	124496	152998			170269			182473
102882
	124519			153006	to	153009	170280			183017
102979
	124522			153012			170281			183069
103184
	124523			153013			170302	to	170304	183090	to	183093
103203
	125042			153037			170362			183115
112269
	125043			153039			170363			183118
112270
	125075			153040			170889			188411
117286
	125076			153068			170936			188414
117311
	125145			153615			170957			188415
117314
	125147			153617			171607			188422	to	188446
117315
	125150			153633			171632			188502
117334
	125151			153740			171633			188519
117335
	125176			153741			171655			188547
117935
	125177			153759			171905			189122
117936
	125772

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189170			218393			266188			287100			322304
189214			218448			266203			287122			322361
189695			218449			266205			287631			322387
189900			218450			266847			292388			322388
189903			218470			266850			292389			322949
189922			218471			267574			292410			322950
189923			218480			272992			292411			322951
196962			218481			273007			292412			323594
196963			219051	to	219055	273011			292416			323613	to	323616
196967	to	196969	219145	to	219147	273012			292417			323620
196984	to	196986	219166			273017			292431			323640
202396			219167			273572			292453			324716
203622			220349			273618			292454			325337
207336			220350			273619			292455			325338
207590			220351			273620			293007			333761
207603			225800	to	225802	273642			293008			334628
207626			225804			273643			293009			334629
207649			225818			273644			293032			335092
207652	to	207655	225819			273663			293035			335442
207657			225833	to	225835	273664			293058			335443
207720			226401			274255			293547			335446
208244			226403			274303			293548			335468
208316			227038			274325			293675			344008
208340			227086			275021			293710			344010
208385			227087			275022			294406			344012
208401			227106			275031			294432			344013
208405			227793			275087			294433			344014
208406			227821			275551			305805			344029
208936			227822			276008			312407			344030
208938			238344			285057	to	285060	312408			344031
209208			238522			285069			312492			344580	to	344584
209914			247646			285076			321608			344633
209915			247647			285088	to	285091	321614			344637
210048			249298			285629			321616	to	321619	344655
215596			257912			285634			321622			344659
217803			265530			285635			321636			344681
217811			265531			285652			321667			344683
217812			265581			285657			321669			344745
218333			265585			285708			321673			345282
218335			265601			285709			321683			345328
218362	to	218365	265604			285732			321699			345347
218368			265623			285734			321700			345348
218369			265624			285759			322281			562622
218381			266182			286396			322284			562636
218392			266185			286415			322303			562648	to	562779

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==> picture [158 x 56] intentionally omitted <==

562781	PA 2011	PA 67	PA 726	PA 758
571385 to 571496	PA 202 (PA 2069)	PA 670 (PA 2070)	PA 727	PA 759
571497 to 571541	PA 2062A)	PA 671 (PA 2074)	PA 728	PA 760
571543 to 571574	PA 2071e (PA 2071	PA 675	PA 729	PA 761
571576 to 571592	& PA 2072) PA 2133	PA 676	PA 730	PA 762
572071 to 572089	PA 2139	PA 677	PA 735	PA 763
572133 to 572166	PA 2140	PA 68	PA 736	PA 773
572168 to 572182	PA 2141	PA 684	PA 737	PA 774
572215 to 572264	PA 2185	PA 685	PA 738	PA 775
572380 to 572428	PA 2586	PA 686	PA 739	PA 776
572561 to 572606	PA 63	PA 69	PA 740	PA 777
572608	PA 637	PA 696	PA 741	PA 778
572609	PA 638	PA 697	PA 742	PA 779
572686 to 572735	PA 639	PA 698	PA 743	PA 780
574592 to 574691	PA 64	PA 699	PA 744	PA 781
574742 to 574791	PA 640	PA 70	PA 745	PA 90 (PA 2161)
574842 to 574863	PA 644	PA 700	PA 746	PA 91 (PA 2157)
PA 185 (PA 2061)	PA 646	PA 701	PA 747	PA 92 (PA 2158)
PA 186 (PA 2062 &	PA 65	PA 702	PA 748	PA 93 (PA 2159)
PA 187 (PA2063)	PA 66	PA 703	PA 749	PA 94 (PA 2162)
PA 188 (PA 2064)	PA 665 (PA 2073)	PA 704	PA 750	PA 95 (PA 2163)
PA 189 (PA 2065)	PA 666 (PA 2076)	PA 705	PA 751	PA 96 (PA 2160)
PA 199 (PA 2067)	PA 667 (PA 2077)	PA 706	PA 755
PA 200 (PA 2068)	PA 668 (PA 2075)	PA 707	PA 756
PA 201 (PA 2066)	PA 669 (PA 2078)	PA 725	PA 757

Mining Tenements and Beneficial Interests acquired during the Quarter: Nil.

Mining Tenements and Beneficial Interests disposed of during the Quarter: Nil

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Rule 5.5

Appendix 5B

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

Name of entity Auteco Minerals Ltd ABN Quarter ended (“current quarter”) 96 110 336 733 31 December 2021

Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 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 (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 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities	- - - - (402) (263) - 3 - - - -	- - - - (692) (575) - 7 - - 28 -
	(662)	(1,232)
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) tenements (c) property, plant and equipment (d) exploration & evaluation (e) investments (f) other non-current assets	- (59) (368) (4,742) - -	- (59) (556) (8,447) (1,080) -

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

Page 1

Appendix 5B

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

Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 months) $A’000
2.2 Proceeds from the disposal of: (a) entities (b) tenements (c) property, plant and equipment (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 (provide details if material) 2.6 Net cash from / (used in) investing activities	- - - - - - - - -	- - - - - - - - -
	(5,169)	(10,142)
3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 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 securities or convertible debt securities 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	- - - 10 (2) - - - - -	- - - 180 (2) - - - - -
	8	178
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)	16,398 (662) (5,169) 8	21,787 (1,232) (10,142) 178

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

Page 2

Appendix 5B

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 months) $A’000
4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period		(35)	(51)
		10,540	10,540
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)		4,540 6,000 - -	16,398 - - -
		10,540	16,398
6. Payments to related parties of the entity and their associates			Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 108 6.2 Aggregate amount of payments to related parties and their 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.			108
			-
7. 7.1 7.2 7.3 7.4 7.5 7.6	Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 Loan facilities - - Credit standby arrangements - - Other (please specify) - - Total financing facilities - - Unused financing facilities available at quarter end - 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.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
		-	-
		-	-
		-	-
		-	-
	-

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

Page 3

Appendix 5B

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

8.	Estimated cash available for future operating activities	$A’000
8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8	Net cash from / (used in) operating activities (item 1.9) (662) (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (4,742) Total relevant outgoings (item 8.1 + item 8.2) (5,404) Cash and cash equivalents at quarter end (item 4.6) 10,540 Unused finance facilities available at quarter end (item 7.5) - Total available funding (item 8.4 + item 8.5) 10,540 Estimated quarters of funding available (item 8.6 divided by item 8.3) 2.0 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. 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?	(662) (4,742) (5,404) 10,540 -
		10,540
		2.0
	Answer:N/A
	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:N/A
	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:N/A
	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.

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 2022...............................................................

Authorised by: The Board of Directors................................................

(Name of body or officer authorising release – see note 4)

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.

ASX Listing Rules Appendix 5B (17/07/20)

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• See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B

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

1. 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.

2. 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 committee – eg 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”.

3. 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.

Page 5