Lachlan Star Limited — Capital/Financing Update 2018

May 24, 2018

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PROFORMA BALANCE SHEET – 31 DECEMBER 2017 UNAUDITED FOLLOWING COMPLETION OF CAPITAL RAISING

ASSETSCurrent assetsCash and cash equivalents- Capital Raising- DOCA Creditor Payment- Repayment of DOCA loan and fees- Capital Raising costsTrade and other receivablesTotal current assetsTotal assetsLIABILITIESCurrent liabilitiesTrade and other payablesTotal current liabilitiesNET ASSETS/LIABILITIESEQUITYIssued Capital- Capital Raising- Creditors’ Trust Shares- Capital Raising costsOption premium reserveAccumulated lossesTOTAL EQUITY	Managementaccounts LSAUnaudited31-Dec-17DOCAAdjustmentsDOCASettlementDOCA SharesDOCA loanrepaymentand feesProponentand DirectorOptionsEntitlementissuePlacementTotalProforma$$$$$$$$$2,783-2,783-175,0001,653,9331,500,0003,328,933-675,000-675,000-250,000-250,000-150,000-150,000-300,00046,217-46,217-
	49,000-49,000175,000-925,0001,503,9331,350,0002,103,933
	49,000-49,000175,000-925,0001,503,9331,350,0002,103,933
	-1,423,3041,423,304-675,000675,000-
	-1,423,3041,423,304-675,000675,000-
	-1,374,3041,374,304-675,000175,000-250,0001,503,9331,350,0002,103,933
	226,058,062226,058,062175,0001,653,9331,500,0003,328,933100,000100,000-150,000-150,000-300,000135,979135,979-227,432,3661,374,304-675,000-100,000-250,000-135,979-227,219,041
	-1,374,3041,374,304-675,000175,000-250,0001,503,9331,350,0002,103,933