GREAT BOULDER RESOURCES LIMITED — Interim / Quarterly Report 2017

Oct 30, 2017

ASX Announcement

31 October 2017

Quarterly Report to 30 September 2017

Highly promising exploration results at two WA projects

Yamarna (Mt Venn) - Copper-Nickel-Cobalt

ASX Code: GBR

Capital Structure

Ordinary Shares: 68.4m Unlisted Options: 38.1m

Unvested Performance Rights: 2m Current Share Price: 23₵ Market Capitalisation: A$15.7m Cash: A$3.9m Debt: Nil

Board of Directors

Greg Hall Non-Executive Chairman

Stefan Murphy Managing Director

Murray Black Non-Executive Director

Melanie Leighton Non-Executive Director

• Drilling underway at the Mt Venn Copper-Nickel-Cobalt prospect within the Yamarna Project in WA

• Drilling is following-up maiden drill result of 1.7% copper (plus nickel and cobalt) and more than 30 conductors identified in EM survey; These conductors are supported by strong geochemical results

• Early drilling has hit sulphide zones up to 40m wide

• Drilling along the main conductor trend has intersected extensive sulphide mineralisation with visible chalcopyrite

• First assays expected in two weeks

• Current program comprises up to 23 holes with downhole EM to follow immediately after

Tarmoola - Gold

• Surface sampling and mapping undertaken over the eastern tenements returns extremely promising results of up to 24gpt

• 2km trend of high grade gold mineralisation identified along the Marionette shear zone (splay off the Ursus Fault)

• Extensive soil sampling program covering the Ursus and Marionette structures now underway

Substantial Shareholders

Exploration Capital Partners: 5.2% Directors: 9.7% Key Advisors: 7.8%

Projects

Yamarna

Corporate

• $3.9m in cash at the end of the quarter

• 11,028,132 ordinary fully paid shares and 8,483,178 unlisted options were released from escrow on 7 July 2017

• No new securities have been issued during the quarter

• Total ordinary shares on issue remain at 68,394,000 and 38,086,750 unlisted options

Tarmoola

Jundee South Balagundi Broadwood

ASX Announcement

2

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Exploration Activities

Yamarna

In late August Great Boulder received Ministerial consent and entry permit approvals to commence exploration activities at its Yamarna project, including the Mt Venn copper-nickel-cobalt project. In early September a ground based moving loop EM survey and concurrent aircore geochemistry program commenced at My Venn, the first exploration activities undertaken by Great Boulder since announcing initial assays of up to 1.7% copper plus nickel and cobalt.

The EM survey identified a significant number of EM conductors over the 7.5km-long survey area of the Mt Venn intrusion that show a strong, late-time response indicative of a bedrock source.

EM plate modelling in the northern survey area showed a series of stacked, near surface conductors along a 3.6km strike length immediately north of an interpreted east-west trending fault. Assay results from this area show a strong correlation between the EM response and copper, nickel and cobalt in the end-of-hole geochemistry.

The ground-based moving loop EM was also able to penetrate the paleochannel sediments in the southern area where late-time conductors were identified beneath the transported cover (up to 120m deep). More moderate copper-nickel responses, coincident with the modelled EM conductors, were detected in the southern survey area.

Aircore drilling defined a very discrete copper-nickel-cobalt bedrock trend associated with the peak conductor trend in the northern area. The geochemical anomaly extends a further 1.2km north of the survey area where some of the strongest copper results and associated nickel, zinc and silver were returned. Importantly, aircore drilling did not encounter any carbonaceous shales or graphitic units that may produce spurious EM anomalies.

Figure 1 . End of hole copper (LHS) and nickel (RHS) grades shown over Channel 30 EM response.

ASX Announcement

3

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Post quarter-end, Great Boulder commenced its maiden RC drilling program at Mt Venn. Drilling has focused on a 5km-long northern trend where the strongest and most shallow conductors have been detected with coincident copper-nickel anomalies. Drilling will extend north beyond the limit of the EM survey where copper-nickel with anomalous silver-zinc-lead assays were returned, possibly representing a different style of mineralisation to the main magmatic copper-nickel target.

A southern conductor trend has also been identified over a 3.5km strike but under considerable transported cover. These conductors will be tested, targeting the large basal conductors and upper more discrete, high amplitude conductors. The western target area sits off the main Mt Venn trend and exhibits a different geochemical signature, with higher background nickel and chromium levels which suggest a more ultramafic lithology.

On 24 October the Company announced the intersection of wide zones of sulphide mineralisation from drilling at Mt Venn. Visual estimates from six of the seven holes drilled into the modelled EM plates reveal they intersected stringer, semi-massive and massive sulphide mineralisation over varying widths up to 40m. Logging from the first nine holes also reported no carbonaceous or graphitic units.

Sulphide mineralisation is prominent along the entire conductor trend, showing a highly sulphursaturated system within metamorphosed dolerite and gabbro. The sulphide mineralogy is pyrrhotite dominant with chalcopyrite visually logged, consistent with the previously-reported hole drilled at Mt Venn by Gold Road, which intersected 1.7 per cent copper plus nickel and cobalt.

Drill hole 17MVRC002 tested a shallower conductor which confirmed massive to semi-massive sulphide mineralisation as the source of the EM conductor. A zone of massive to semi-massive sulphide mineralisation has also been intersected in drill hole 17MVRC007, located 160m north of 17MVRC002 and is considered to be the strike continuity of mineralisation. Drill hole 17MVRC001 (60m west of 17MVRC001) tested a deeper conductor which also confirmed a wide zone of intense sulphide mineralisation as its source.

All RC drill holes are being cased for down hole EM to be undertaken to orientate the conductors and model the dip continuity and along strike between drill lines.

==> picture [257 x 185] intentionally omitted <==

Figure 2 (top). RC drill hole 17MVRC001 – Sulphide mineralised interval (Red > 20% sulphide, Orange > 10% sulphide; Green > 5% sulphide)

Figure 3 (right). RC chips from drill hole 17MVRC002 – Sulphide mineralised interval (Red > 20% sulphide, Orange > 10% sulphide; Green > 5% sulphide)

==> picture [258 x 297] intentionally omitted <==

ASX Announcement

4

31 October, 2017

==> picture [300 x 424] intentionally omitted <==

Figure 4 . Planned and completed RC drill hole locations, targeting EM conductor plates and copper-nickel trend.

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Northern Conductor Trend	Northern Conductor Trend	Northern Conductor Trend	Northern Conductor Trend	Northern Conductor Trend
Hole ID FROM TO Interval (m) Sulphide (%)
17MVRC001	20 33 13 5-10%
	33 36 3 3-5%
	36 62 26 5-10%
	62 68 6 3-5%
	68 83 15 5-10%
	83 103 20 3-5%
	103 129 26 5-10%
	129 131 2 3-5%
	131 139 8 5-10%
	153 158 5 5-10%
	158 175 17 3-5%
	175 195 20 10-20%
	195 198 3 20-50%
	198 206 8 10-20%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC002	22 37 15 5-10%
	37 46 9 3-5%
	46 62 16 10-20%
	62 70 8 5-10%
	70 72 2 20-50%
	72 77 5 + 50%
	77 80 3 20-50%
	80 84 4 10-20%
	84 97 13 3-5%
	110 116 6 5-10%
	132 137 5 5-10%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC005 42 49 7 5-10%
49 71 22 3-5%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC006 139 154 15 5-10%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC007	83 85 2 5-10%
	85 106 21 + 50%
	111 128 17 + 50%
	130 135 5 + 50%
	135 142 7 5-10%
	142 147 5 + 50%
	147 210 63 5-10%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC008 48 65 17 3-5%
Hole ID FROM TO Interval (m) Sulphide %
17MVRC009	Trace Sulphides Only

Table 1 . Logged sulphides from the northern conductor trend

ASX Announcement

5

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Tarmoola

During the quarter, Great Boulder completed a surface sampling and mapping program at the Tarmoola project, located 40km north-west of Leonora in WA.

The program identified the regionally significant Ursus Fault, which is considered a key gold bearing structure at the +2Moz King of the Hills gold mine. The Ursus fault was mapped extending over 3km within the Tarmoola project, and the high-grade gold results were coincident with the Marionette shear zone, interpreted as a splay off the Ursus Fault.

Over 80 surface samples were collected along the eastern outcropping margin of the Tarmoola project. Surface samples were collected from outcrop as well as historical workings.

A significant zone of high grade mineralisation has been delineated over a 2km strike length, predominantly in quartz veins within the historical Marionette workings. The mineralisation sits along a northwest splay of the Ursus Fault (Marionette shear zone).

Significant rock chip results include:

• 23.9g/t Au: Quartz vein in historical workings

• 17.3g/t Au: Quartz vein in historical workings

• 12.7g/t Au: Mafic schist and quartz veining in a small working

• 9.1g/t Au: Hematitic shaft spoil and quartz veining

Gold mineralisation appears restricted to within 500m of the Ursus Fault and along the northwest trending Marionette shear zone. Wide-spaced aircore has previously been drilled along the Ursus fault, however this has been largely ineffective as the holes were not orientated to test the fault and were shallow due to bedrock cropping out at surface.

Historical gold workings are limited to the Marionette group where a number of small scale diggings are aligned along the NWSE striking Marionette shear zone. The shear zone strikes for 700m and potentially links with a similarly oriented reef and shear zone over 1km along strike to the southeast. Surprisingly no drilling has been completed in the hanging wall of the Marionette shear.

A shallow group of workings 600m to the east returned 9.06g/t Au, and on the north side of the Ursus Fault is another significant rock chip sample of a quartz reef next to the NE-striking dolerite which returned 2.43g/t Au. These results are all within 500m of the Ursus Fault and are most likely sited on shear zones splaying off the Ursus Fault.

Great Boulder will now undertake detailed soil sampling to define the extent of mineralisation ahead of a maiden RC drill program at Tarmoola.

==> picture [36 x 9] intentionally omitted <==

----- Start of picture text -----

500M
----- End of picture text -----

Figure 5 . Fact map showing sample location and grades (Au g/t)

ASX Announcement

6

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

==> picture [536 x 384] intentionally omitted <==

Figure 6 . Tarmoola mapping and gold surface samples showing target areas (red) around the Ursus and Marionette structures

Sample ID	Easting	Northing	Au(g/t)	Description
TMRK0048	308541	6836117	23.90	Quartz from workings
TMRK0051	308655	6835653	17.30	Quartz from shaft
TMRK0068	309483	6834635	12.70	Mafic schist andquartz veiningin small working
TMRK0052	309045	6835985	9.06	Hematitic shaft spoil andquartz
TMRK0043	308458	6836256	4.78	Quartz and rock chips from shaft
TMRK0042	308456	6836271	4.17	Quartz from shaft
TMRK0045	308480	6836332	3.43	Quartz scratchings
TMRK0047	308502	6836195	3.10	Quartz scratchings
TMRK0037	309227	6836716	2.43	Quartz veining
TMRK0067	309677	6834951	1.47	Quartz from workings
TMRK0046	308479	6836247	1.36	Quartz scratchings
TMRK0050	308665	6835672	1.00	Quartz from shaft
TMRK0057	309103	6834850	0.50	Quartz from workings
TMRK0041	306086	6847021	0.48	Quartz and felsic saprolite from shaft
TMRK0044	308463	6836333	0.46	Schistoseporphyryfrom shaft

Table 2 . Significant rock chip samples from Tarmoola

ASX Announcement

7

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Jundee South

During the quarter, Great Boulder completed a field mapping and surface sampling program at Jundee South. Great Boulder is now designing a follow-up aircore geochemistry program to test targets generated from the field mapping.

Other Projects

No field activities were undertaken at Balagundi or Broadwood during the quarter.

Corporate

At the end of the September quarter Great Boulder had $3.9m in cash.

The following changes occurred to the issued capital of Great Boulder during the September 2017 quarter:

• Release of 11,028,132 ordinary fully paid shares and 8,483,178 unlisted options from escrow on 7 July 2017.

The issued share capital of the Company at the date of this report is:

Class of Securities	Issued Capital
Ordinary fully paid shares	68,394,000
• Quoted on the ASX	48,109,357
• Escrowed(18 Nov. 2018)	20,284,643
Unlisted Options(exercisable at $0.20 and expire 18 Nov. 2020)	38,086,750
Unlisted Performance Rights	2,000,000

ASX Announcement

8

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Competent Person’s Statement

Exploration information in this Announcement is based upon work undertaken by Stefan Murphy whom is a Member of the Australasian Institute of Geoscientists (AIG). Mr Stefan Murphy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Stefan Murphy is Managing Director of Great Boulder and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Forward Looking Statements

This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Announcement and nothing contained in the Announcement is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The Announcement contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties, and may differ materially from results ultimately achieved.

The Announcement contains “forward-looking statements”. All statements other than those of historical facts included in the Announcement are forward-looking statements including estimates of Mineral Resources. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, copper, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of the Announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate professional advice in reviewing the Announcement and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the Announcement nor any information contained in the Announcement or subsequently communicated to any person in connection with the Announcement is, or should be taken as, constituting the giving of investment advice to any person.

The exploration results contained in this report were previously reported by the Company in its announcements released to ASX and listed below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Company’s previous announcement.

• Exceptional Surface Samples from Tarmoola (19 September 2017) http://www.asx.com.au/asxpdf/20170919/pdf/43mfjljypxc70y.pdf

• Multiple EM Conductors Identified at Mt Venn (5 October 2017) http://www.asx.com.au/asxpdf/20171005/pdf/43mz0p5cp1c4yt.pdf

• Mt Venn Drilling Update - Wide Sulphide Zones Intersected (24 October 2017) http://www.asx.com.au/asxpdf/20171024/pdf/43nhkkn2x64djn.pdf

• Mt Venn Drilling Update - Additional Information (30 October 2017) http://www.asx.com.au/asxpdf/20171030/pdf/43nq2cst0r5cf9.pdf

ASX Announcement

9

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Appendix 1 – Tenement Schedule

In line with obligations under ASX Listing Rule 5.3.3, Great Boulder provides the following information relating to its mining tenement holdings as at 30 September 2017.

Project

Tenement Number Status % Held % Earning Changes during the Quarter

Balagundi Broadwood Broadwood Broadwood Broadwood Broadwood Broadwood Broadwood Jundee South Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Tarmoola Yamarna Yamarna Yamarna Yamarna Yamarna Yamarna Yamarna

M25/194 Granted - 75% P26/4009 Granted - 75% P26/4010 Application - 75% P26/4030 Granted - 75% P26/4037 Granted - 75% P26/4038 Granted - 75% P26/4039 Granted - 75% P26/4049 Granted - 75% E53/1101 Granted 100% - E37/1241 Granted - 75% E37/1242 Granted - 75% P37/8667 Granted - 75% P37/8668 Granted - 75% P37/8669 Granted - 75% P37/8670 Granted - 75% P37/8671 Granted - 75% P37/8672 Granted - 75% P37/8673 Granted - 75% P37/8674 Granted - 75% P37/8675 Granted - 75% P37/8676 Granted - 75% P37/8677 Granted - 75% P37/8678 Granted - 75% P37/8679 Granted - 75% P37/8680 Granted - 75% P37/8681 Granted - 75% P37/8682 Granted - 75% P37/8683 Granted - 75% P37/8684 Granted - 75% P37/8685 Granted - 75% P37/8935 Granted 100% - Tenement Granted E38/2320 Granted - 75% E38/2685 Granted - 75% E38/2952 Granted - 75% E38/2953 Granted - 75% E38/2957 Granted - 75% E38/2958 Granted - 75% P38/4178 Granted - 75%

ASX Announcement

10

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

+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

Great Boulder Resources Ltd

ABN Quarter ended (“current quarter”) 70611695955 30 September 2017

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 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 (Municipal Tax) 1.7 Research and development refunds 1.8 Other (provide details if material)GST 1.9 Net cash from / (used in) operating activities	(233) (73) (91) 48 (5)	(233) (73) (91) 48 (5)
	(354)	(354)
2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (Lease payment)

ASX Announcement

11

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

	Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
	(c) investments (d) other non-current assets 2.2 Proceeds from the 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 note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities
	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) Seed capital refunds 3.10 Net cash from / (used in) financing activities

ASX Announcement

12

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
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) 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	4,256 (354)	4,256 (354)
	3,902	3,902
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)	833 3,069	727 3,529
	3,902	4,256

ASX Announcement

13

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

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	97
	item 1.2
6.2	Aggregate amount of cash flow from loans to these parties
	included in item 2.3
6.3	Include below any explanation necessary to understand the transactions included in
	items 6.1 and 6.2

Directors salaries and superannuation

7. Payments to related entities of the entity and their associates

Current quarter $A'000

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

7.1	Aggregate amount of payments to these parties included in item 1.2
7.2	Aggregate amount of cash flow from loans to these parties
	included in item 2.3

• 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

8. Financing facilities available Add notes as necessary for an understanding of the position 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify)	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000

• 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.

ASX Announcement

14

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

==> picture [468 x 571] intentionally omitted <==

----- Start of picture text -----

9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation 757
9.2 Development -
9.3 Production -
9.4 Staff costs 86
9.5 Administration and corporate costs 80
9.6 Other (provide details if material)
9.7 Total estimated cash outflows 923
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
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: .......................................................... Date: .......30 October 2017..............
(Company secretary)
----- End of picture text -----

Print name: John Sendziuk .........................................................

ASX Announcement

15

31 October, 2017

==> picture [48 x 57] intentionally omitted <==

==> picture [48 x 57] intentionally omitted <==

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.