GLOBE METALS & MINING LIMITED — Interim / Quarterly Report 2015

Apr 29, 2015

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, 01/05/2013

Name of entity

Globe Metals & Mining Limited

ABN33 114 400 609	Quarter ended (“current quarter”)
33 114 400 609	31 March 2015

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from product sales and relateddebtors1.2Payments for (a) exploration & evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material)Net Operating Cash Flows	Current quarter$A’000	Year to date(9months)$A’000
	(230)(1,044)159	(1,448)(2,534)520
	(1,115)	(3,462)
Cash flows related to investing activities1.8Payment for purchases of: (a) prospects(b) equity investments(c) other fixed assets1.9Proceeds from sale of:(a) prospects(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)	-4	(9)59
	4	50
	(1,111)	(3,412)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13Total operating and investing cash flows(brought forward)	(1,111)	(3,412)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.19Other – costs of issuesNet financing cash flows
	0	0
Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date*1.21Exchange rate adjustments to item 1.201.22Cash at end ofquarter	(1,111)17,47587	(3,412)19,77489
	16,451	16,451

*** Cash at the beginning of year differs when compared to the 2014 Annual Financial Report with respect to term deposits totalling $13 Million which for the purposes of this quarterly report have been included as Cash but which were separately classified as Term deposits in the 2014 Annual Financial Report.**

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.231.24	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10	Current quarter$A'000
		164
		Nil
1.25	Explanation necessaryfor an understandingof the transactions
	N/A

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• Nil

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available	Amount used
		$A’000	$A’000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

• $A’000

• 4.1 Exploration and evaluation 344 4.2 Development - 4.3 Production - 4.4 Administration 712 Total 1,056

Reconciliation of cash

Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows.	Current quarter$A’000	Previous quarter$A’000
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (Term Deposits)	16,451	475
	-	-
	-	-
	-	17,000
Total: cash at end of quarter(item 1.22)	16,451	17,475

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

TenementreferenceandlocationNature of interest(note (2))Interest atbeginningof quarterInterest atend ofquarter6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increasedIssued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.	TenementreferenceandlocationNature of interest(note (2))Interest atbeginningof quarterInterest atend ofquarter6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increasedIssued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.	TenementreferenceandlocationNature of interest(note (2))Interest atbeginningof quarterInterest atend ofquarter6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increasedIssued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.	TenementreferenceandlocationNature of interest(note (2))Interest atbeginningof quarterInterest atend ofquarter6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increasedIssued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.	TenementreferenceandlocationNature of interest(note (2))Interest atbeginningof quarterInterest atend ofquarter6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increasedIssued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.	Tenementreferenceandlocation	Tenementreferenceandlocation	Tenementreferenceandlocation	Nature of interest(note (2))	Nature of interest(note (2))	Nature of interest(note (2))	Nature of interest(note (2))	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atbeginningof quarter	Interest atbeginningof quarter	Interest atend ofquarter
	tenements and
	petroleum tenacquired or in		ementscreased
				Total number			Number quoted				Issue price persecurity (seenote3) (cents)			Amount paid upper security (seenote3) (cents)
7.17.2		Preference+securities(description)Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs,redemptions
7.37.4		+Ordinarysecurities		469,729,061			469,729,061							Fully Paid
		Changes during
		quarter
		(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs

• See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

7.5+Convertibledebtsecurities(ConvertibleRedeemableNotes_)_7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted
7.7Options(description andconversionfactor)7.8Issued duringquarter7.9Exercisedduring quarter7.10Expired duringquarter	Unlisted Options1,000,0001,000,0001,000,0001,000,000		Exercise price10 cents15 cents20 cents25cents	Expiry date30-Jun-1730-Jun-1830-Jun-1930-Jun-20
	800,0003,000,000		0.1 cents0.1 cents	31-Jan -1531-Jan-15
7.11Debentures(totals only)
7.12Unsecurednotes(totalsonly)

• See chapter 19 for defined terms.

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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 under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does give a true and fair view of the matters disclosed.

==> picture [252 x 91] intentionally omitted <==

Sign here: ............................................................ Date: 30/04/2015 Company Secretary

Print name: MICHAEL FRY

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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 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.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

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