AI assistant
LEFROY EXPLORATION LIMITED — Interim / Quarterly Report 2018
Oct 24, 2017
65225_rns_2017-10-24_122effc5-f828-4088-bfe7-8c2867c3885f.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
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
LEFROY EXPLORATION LIMITED
| ARBN 052 123 930 |
Quarter ended (“current quarter”) 30 SEPTEMBER 2017 |
|---|---|
| 052 123 930 |
| Consolidated statement of cash flows Current quarter $A’000 Year to date $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (500) (500) (a) exploration & evaluation (b) development (c) production (d) staff costs (90) (90) (e) administration and corporate costs (118) (118) 1.3 Dividends received (see note 3) 1.4 Interest received 12 12 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other (provide details if material) GST Refunds 35 35 1.9 Net cash from / (used in) operating activities (661) (661) |
Consolidated statement of cash flows Current quarter $A’000 Year to date $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (500) (500) (a) exploration & evaluation (b) development (c) production (d) staff costs (90) (90) (e) administration and corporate costs (118) (118) 1.3 Dividends received (see note 3) 1.4 Interest received 12 12 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other (provide details if material) GST Refunds 35 35 1.9 Net cash from / (used in) operating activities (661) (661) |
|---|---|
| 2. Cash flows from investing activities (1) (1) 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets 2.2 Proceeds from the disposal of: (a) property, plant and equipment |
- See chapter 19 for defined terms
1 September 2016
Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| Consolidated statement of cash flows Current quarter $A’000 Year to date $A’000 (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 (1) (1) |
|
|---|---|
| 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) 3.10 Net cash from / (used in) financing activities 0 0 |
|
| 4. Net increase / (decrease) in cash and cash equivalents for the period 3,069 3,069 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) (661) (661) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (1) (1) 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 2,407 2,407 |
|
- See chapter 19 for defined terms 1 September 2016
Page 2
| Appendix | Appendix | 5B | 5B | |||
|---|---|---|---|---|---|---|
| Mining exploration entity and | oil andgas exploration entity quarterly report | |||||
| 5. | Reconciliation of cash and cash | Current quarter | Previous quarter | |||
| equivalents | $A’000 | $A’000 | ||||
| at the end of the quarter (as shown in the | ||||||
| consolidated statement of cash flows) to the | ||||||
| related items in the accounts | ||||||
| 5.1 | Bank balances | 156 | 569 | |||
| 5.2 | Call deposits | 2,251 | 2,500 | |||
| 5.3 | Bank overdrafts | - | - | |||
| 5.4 | Other (provide details) | - | - | |||
| 5.5 | Cash and cash equivalents at end of | 2,407 | 3,069 | |||
| quarter (should equal item 4.6 above) | ||||||
| 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 | 109 | ||||
| 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 | ||||||
| Note | 6.1 Managing Directors remuneration, and Non-Exec Directors fees from 1 July 2016 to | 30 | ||||
| September 2017. |
| 7. | Payments to related entities of the entity and their | Current quarter | |
|---|---|---|---|
| associates | $A'000 | ||
| 7.1 | Aggregate amount of payments to these parties included in item 1.2 | 0 | |
| 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
Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 8. | Financing facilities available | Total facility amount | Amount drawn at | |
|---|---|---|---|---|
| Add notes as necessary for an | at quarter end | quarter end | ||
| understanding of 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 and evaluation | 450 | |
| 9.2 | Development | ||
| 9.3 | Production | ||
| 9.4 | Staff costs | 70 | |
| 9.5 | Administration and corporate costs | 75 | |
| 9.6 | Other (provide details if material) | ||
| 9.7 | Total estimated cash outflows | 595 |
- See chapter 19 for defined terms 1 September 2016
Page 4
| Appendix 5B | Appendix 5B | ||||
|---|---|---|---|---|---|
| Mining exploration entity and oil andgas exploration entity quarterly report | |||||
| 10. | Changes in | Tenement | Nature of interest Interest at |
Interest | |
| tenements | reference and | beginning | at end of | ||
| (items 2.1(b) and | location | of quarter | quarter | ||
| 2.2(b) above) | |||||
| 10.1 | Interests in mining | ||||
| tenements and | |||||
| petroleum tenements | |||||
| lapsed, relinquished | |||||
| or reduced | |||||
| 10.2 | Interests in mining | LEFROY PROJECT | |||
| tenements and petroleum tenements acquired or increased (refer tenement schedule attached to |
E15/1615 M25/362 M26/842 M25/363 |
Application Application Application Application 0% 0% 0% 0% |
100% 100% 100% 100% |
||
| Quarterly Activities | E26/193 | Granted 100% |
100% | ||
| Report) | P25/2421 | Granted 100% |
100% | ||
| MURCHISON | |||||
| PROJECT | |||||
| E21/0193 | granted 100% |
100% | |||
| P20/2256 | granted 100% |
100% | |||
| P20/2257 | granted 100% |
100% | |||
| P20/2259 | granted 100% |
100% | |||
| P20/2260 | granted 100% |
100% | |||
| P20/2261 | granted 100% |
100% | |||
| P20/2262 | granted 100% |
100% | |||
| P20/2263 | granted 100% |
100% | |||
| P20/2268 | granted 100% |
100% | |||
| P20/2269 | granted 100% |
100% | |||
| P20/2272 | granted 100% |
100% | |||
| P20/2273 | granted 100% |
100% | |||
| P20/2274 | granted 100% |
100% | |||
| P20/2275 | granted 100% |
100% |
- See chapter 19 for defined terms 1 September 2016
Page 5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
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: .25/10/2017.
(Managing Director)
Print name: WADE JOHNSON
Notes
-
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.
-
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.
-
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.
-
See chapter 19 for defined terms 1 September 2016
Page 6