METALSTECH LIMITED — Capital/Financing Update 2017

Feb 22, 2017

22 February 2017

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UPDATED STATEMENT OF FINANCIAL POSITION

The following is an updated statement of financial position for MetalsTech Limited (ACN 612 100 464) ( Company ) based on actual funds raised ($4,308,600) under the replacement prospectus issued by the Company dated 7 December 2016:

Notes	Financial Accounts as atPro-forma31-Dec-16adjustmentsPro-formaMetalsTechActualActual$$$
CURRENT ASSETSCash and cash equivalents2Trade and other recievablesTOTAL CURRENT ASSETSNON-CURRENT ASSETSProperty, plant and equipmentPrepayments / Exploration and evaluation expenditure3TOTAL NON-CURRENT ASSETSTOTAL ASSETSCURRENT LIABILITIESTrade and other payables4TOTAL CURRENT LIABILITIESNON CURRENT LIABILITIESTrade and other payables5TOTAL NON CURRENT LIABILITIESTOTAL LIABILITIES	8,5823,263,8743,272,45625,200-25,200
	33,7823,263,8743,297,656--199,7074,880,6585,080,365
	199,7074,880,6585,080,365
	233,4898,144,5328,378,021
	144,499126,805271,304
	144,499126,805271,304
	-302,380302,380
	-302,380302,380
	144,499429,185573,684
NET ASSETS	88,9907,715,3477,804,337
EQUITYContributed equity6Reserves7Accumulated losses8	584,3455,099,7335,684,078618,9922,954,0003,572,992(1,114,347)(338,386)(1,452,733)
TOTAL EQUITY	88,9907,715,3477,804,337