IODM LIMITED — Interim / Quarterly Report 2015

Jul 9, 2015

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

PARADIGM METALS LIMITED

PARADIGM METALS LIMITED
ABN28 102 747 133	Quarter ended (“current quarter”)
28 102 747 133	30 June 2015

Consolidated statement of cash flows

Consolidated statement of cash flows
Cash flows related to operating activities1.1Receipts from product sales and related debtors1.2Payments 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)-Part acquisition of the Caninde ProjectNet Operating Cash Flows	Current quarter$A’000	Year to date(12 Months )$A’000
	(24)(245)1-	(209)(825)8(114)
	(268)	(1,140)
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)Refunded Tenement Security DepositNet investing cash flows1.13Total operating and investing cash flows(carried forward)		14030
		170
	(268)	(970)

1.13Total operating and investing cash flows(brought forward)	(268)	(970)
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 (provide details if material)-cost related to share issueNet financing cash flows	255(19)	781(82)
	236	699
Net increase (decrease) in cash held1.20Cash at beginning of quarter / year to date1.21Exchange rate adjustments to item 1.201.22Cash at end ofquarter	(32)430	(271)669
	398	398

Payments to directors of the entity and associates of the directors Payments to 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
		105
1.25	Explanation necessaryfor an understandingof the transactions
	Payments for serviced office fees - $15kPayments for corporate advisory fees - $25kExecutive remuneration - $36kDirectors consulting fees - $29k

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1	Loan facilities
3.2	Credit standby arrangements

Amount available	Amount used
$A’000	$A’000

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$A’000
	70
	150
Total	220

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe 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 (provide details)	398	430
Total: cash at end of quarter(item 1.22)	398	430

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenement reference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter
	-	-	-	-

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price persecurity (seenote 3)	Amount paid up persecurity (see note 3)
7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs,redemptions
7.3+Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues:- Per Placement -17 April 2015- Per Rights Issue -22 June 2015-Exercise ofoptions(b) Decreasesthrough returns ofcapital,buy-backs	872,962,861	872,962,861
	68,333,33016,712,62129,900	68,333,33016,712,62129,900
7.5+Convertible debtsecurities7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough securitiesmatured
7.7OptionsListed (PDMO)7.8Issued duringquarterListed (PDMO)7.9Exercised duringquarter7.10Expired duringquarter	270,869,427		Exercise price$0.002	Expiry date31/12/2016
	8,356,317		Exercise price$0.002	Expiry date31/12/2016
	29,900
7.11Debentures(totals only)
7.12Unsecured notes(totals only)

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 4).

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

Sign here:

Paula Cowan Date: 10 July 2015 (Company Secretary)

Print name:

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 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, 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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards. ASX will accept, for example, the use of International Accounting 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.

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