GENMIN LIMITED — Interim / Quarterly Report 2021

Jul 29, 2021

Rule 5.5

Appendix 5B

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

Name of entity Genmin Limited ABN Quarter ended (“current quarter”) 81 141 425 292 30/06/2021

Consolidated statement of cash flows	Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date	Year to date	Year to date	Year to date
			$US’000	(6 m$U	onthsS’000	)
	1.Cash flows from operating activities
	1.1R12P	eceipts from customersments for	-			-
	. (a	y) exploration & evaluation	(170)		(1	70)
	(b	) development	-			-
	(c(d	) production) staff costs	-(477)		(6	-72)
	(e1.3D1.4In	) administration and corporate costsividends received (see note 3)terest received	(343)-2		(1,0	64)-4
	1.5In1.6In1.7G	terest and other costs of finance paidcome taxes paidovernment grants and tax incentives	---			---
	1.8O	ther (provide details if material)	-			-
	1.9N	et cash from / (used in) operating activities	(987)		(1,9	01)
	2.C	ash flows from investing activities
	2.1P	ayments to acquire or for:
	(a(b	) entities) tenements	--			--
	(c(d(e	) property, plant and equipment) exploration & evaluation) investments	(100)(632)-		(1(8	00)75)-
	(f)other non-current assets		-			-

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$US’000	Current quarter$US’000	Year to date(6 months)$US’000	Year to date(6 months)$US’000	Year to date(6 months)$US’000
2.2Proceeds from the disposal of:(a) entities(b) tenements(c) property, plant and equipment(d) investments(e) 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) investing activities		--------		- - - - - - - -
		(732)		(975)
3.Cash flows from financing activities3.1Proceeds from issues of equity securities(excluding convertible debt securities)3.2Proceeds from issue of convertible debtsecurities3.3Proceeds from exercise of options3.4Transaction costs related to issues of equitysecurities or convertible debt securities3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other (provide details if material)3.10Net cash from / (used in) financing activities
	.Cash flows from financing activities1Proceeds from issues of equity securities(excluding convertible debt securities)				23,094
	2Proceeds from issue of convertible debtsecurities3Proceeds from exercise of options4Transaction costs related to issues of equitysecurities or convertible debt securities5Proceeds from borrowings6Repayment of borrowings7Transaction costs related to loans andborrowins		-75----		-75(1,392)---
		-(27)		-(39)
		49		21,739
4.Net increase / (decrease) in cash andcash equivalents for the period
4.1Cash and cash equivalents at beginning ofperiod4.2Net cash from / (used in) operating activities(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 on cashheld4.6Cash and cash equivalents at end of period		21,320(987)(732)49(381)		868(1,901)(975) 21,739(462)
		19,268		19,268

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

5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$US’000	$US’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	4,186	21,246
5.2	Call deposits	15,053	42
5.3	Bank overdrafts	-	-
5.4	Other (petty cash)	29	32
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	19,268	21,320
6.	Payments to related parties of the entity and their		Current quarter
	associates		$US'000
6.1	Aggregate amount of payments to related parties and theirassociates included in item 1		127
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.

6.1Aggregate amount of payments to related parties and theirassociates included in item 11276.2Aggregate amount of payments to related parties and theirassociates included in item 2-	6.1Aggregate amount of payments to related parties and theirassociates included in item 11276.2Aggregate amount of payments to related parties and theirassociates 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.
7.Financing facilitiesTotal facility	Amount drawn at
Note: the term “facility’ includes all forms of financingarrangements available to the entity.Add notes as necessary for an understanding of thesources of finance available to the entity.amount at quarterend$US’000	quarter end$US’000
7.1Loan facilities-	-
7.2Credit standby arrangements-	-
7.3Other (please specify)41	-
7.4Total financing facilities41	-
7.5Unused financing facilities available at quarter end	41
7.6Include 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.
Credit facility US$41,283 ($A55,000), which is related to the corporate credit cards and fully
secured by term deposit with NAB.

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

8.	Estimated cash available for future operating activities	$US’000
8.18.28.38.48.58.68.78.8	Net cash from / (used in) operating activities (item 1.9)(987)(Payments for exploration & evaluation classified as investingactivities) (item 2.1(d))(632)Total relevant outgoings (item 8.1 + item 8.2)(1,619)Cash and cash equivalents at quarter end (item 4.6)19,268Unused finance facilities available at quarter end (item 7.5)-Total available funding (item 8.4 + item 8.5)19,268Estimated quarters of funding available (item 8.6 divided byitem 8.3)11.90Note: 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:8.8.1Does the entity expect that it will continue to have the current level of net operatingcash flows for the time being and, if not, why not?	(987)(632)(1,619)19,268-
		19,268
	Answer: N/A
	8.8.2Has the entity taken any steps, or does it propose to take any steps, to raise furthercash to fund its operations and, if so, what are those steps and how likely does itbelieve that they will be successful?
	Answer: N/A
	8.8.3Does the entity expect to be able to continue its operations and to meet its businessobjectives 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: 30 July 2021

Authorised by: Board of Genmin Limited

(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

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

entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

1. 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.

2. 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.

3. 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”.

4. 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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