HAWK RESOURCES LIMITED. — Interim / Quarterly Report 2018

Oct 30, 2018

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
Alderan Resources Limited
ABN 55 165 079 201	Quarter ended (“current quarter”)
55 165 079 201	30 September 2018

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) Worker & field costs inc accommodation (c) Marketing & promotion (d) Director & corporate 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 Research and development refunds 1.8 Other 1.9 Net cash from / (used in) operating activities	- (1,581) (63) (27) (51) (214) - 1 - - - -	- (1,581) (63) (27) (51) (214) - 1 - - - -
	(1,935)	(1,935)

2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) claim acquisition & staking	- -	- -

• 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

		quarterly report
Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
(c) investments (d) other – bond paid for drilling 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 2.4 Dividends received (see note 3) 2.5 Other – claim leasing cost 2.6 Net cash from / (used in) investing activities	- (14) - - - - - - -	- (14) - - - - - - -
	(14)	(14)
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 – IPO costs 3.10 Net cash from / (used in) financing activities*	- - 389 - 90 - - - -	- - 389 - 90 - - - -
	479	479
* Short term loan repaid in October 2018
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)	1,665 (1,935) (14) 479	1,665 (1,935) (14) 479

• 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

		quarterly report
Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
4.5 Cash and cash equivalents at end of period*	195	195

• Subsequent to the period end, Directors & management of the Company gave notice to exercise options at various exercise prices, for a total of $380,000 to be received in application funds.

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)	195 - - -	1,665 - - -
	195*	1,665

*** Subsequent to the end of the quarter the Company completed a private placement to raise a total of $3 million before costs.**

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	131
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

Payment of salaries to executive Directors (including CEO) and non-executive Director fees.

7.	Payments to related entities of the entity and their associates	Current quarter
		$A'000
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

• 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

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

9. Estimated cash outflows for next quarter	$A’000
9.1 Exploration & tenement costs 9.2 Worker & field costs inc accommodation 9.3 Marketing & promotion 9.4 Director & corporate staff costs 9.5 Administration and corporate costs 9.6 Other 9.7 Total estimated cash outflows	1,600 450 20 180 70 -
	2,320*

• Subsequent to the end of the quarter the Company completed a private placement to raise a total of $3 million before costs.

• 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

10. Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced	All claims located in Utah, USA. CM 1-24, CM 35-38, CM 46-49, CM 55-67, CM 76-88, CM 96-100, CM 103-108, CM 113-117, CM 120-125, CM 133-143, SR 1-108, SR 129-155, SR 157, SR 159, SR 161, SR 163-180, SR 201-220, SR 222, SR 226-230, SR 241-244, SR 255, SR 256, SR 258, SR 260, SR 266-288, ECR 1-19, ECR 21-38, ECR 40, ECR 42-52, ECR 56, ECR 57, ECR 59, ECR 61-64, ECR 69-96, ECR 98-224, ECR 226, ECR 228, ECR 230, ECR 232, ECR 234, ECR 236, ECR 238-250, ECR 252, ECR 254-264, ECR 279-281, ECR 284-288	Held by Valyrian Resources Corp	100%	Nil
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: 31 October 2018 (Company Secretary)

Print name: Brett Tucker

• 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

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.

4. See chapter 19 for defined terms 1 September 2016

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