GATEWAY MINING LIMITED — Interim / Quarterly Report 2017

Jul 31, 2017

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

Name of entity	Name of entity
Gateway Mining Limited
ABN31 008 402 391	Quarter ended (“current quarter”)
31 008 402 391	30thJune 2017

Consolidated statement of cash flows	Current quarter$A’000	Year to date(12 months)$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	(26)(26)(117)-	(483)(131)(353)2
	(169)	(965)

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

• 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	Consolidated statement of cash flows	Current quarter$A’000	Current quarter$A’000	Year to date(12 months)’	Year to date(12 months)’
							$A000
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
	2Proceeds from the disposal of:(a) property, plant and equipment
	(d) other non-current assets
	3Cash flows from loans to other entities
	e cas rom (use n) nactivities		esng			-	-
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	Cash flows from financin		g activities
	1Proceeds from issues of shar		es			-	460
	2Proceeds from issue of conv		ertible notes
					-(105)		300(105)
	7Transaction costs related to lo			ans and
	borrowings
	10Net cash from / (usedactivities	in) financing			(105)		655
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					307(169)-(105)-		343(965)-655-
					33		33

• 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

	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accountsCurrent quarter$A’000Previous quarter$A’000 Bank balances33307 Call deposits Bank overdrafts	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accountsCurrent quarter$A’000Previous quarter$A’000 Bank balances33307 Call deposits Bank overdrafts	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accountsCurrent quarter$A’000Previous quarter$A’000 Bank balances33307 Call deposits Bank overdrafts
5.	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$A’000	Previous quarter$A’000
5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details)5.5Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	Bank balances Call deposits Bank overdrafts	33	307
		33	307

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	14
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

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 position8.1Loan facilities8.2Credit standby arrangements8.3Other (please specify)	Total facility amountat quarter end$A’000300	Amount drawn atquarter end$A’000
		195

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.

Short term, interest-free loan facility provided by Andrew Bray (Managing Director) for working capital

9.	Estimated cash outflows for next quarter	$A’000
9.1	Exploration and evaluation		30
9.2	Development
9.3	Production
9.4	Staff costs		25
9.5	Administration and corporate costs		15
9.6	Other (provide details if material)
9.7	Total estimated cash outflows		70

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

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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: .....SIGNATURE ON FILE..... Date: 31 July 2017 (Company secretary)

Print name: ......Gary Franklin...................

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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