NEOMETALS LTD — Interim / Quarterly Report 2015

Jul 23, 2015

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, 01/05/2013

Name of entity

Name of entity
Neometals Ltd
ABN 89 099 116 631	Quarter ended (“current quarter”)
89 099 116 631	30 June 2015

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) gas transmission (e) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows	Current quarter $A’000	Year to date (12 mths) $A’000
	170 - - - (193) (595) - - - - -	630 - - - (1,091) (2,697) - - - - -
	(618)	(3,158)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) (a) Interest and other items of similar nature received (b) exploration & evaluation Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (15) - - - (35) - 67 (775)	- - (70) 250 - - (102) 30 295 (2,642)
	(758)	(2,239)
	(1,376)	(5,397)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(1,376)	(5,397)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) (a) share issue costs (b) Interest paid / borrowing Costs (c) Net financing cash flows	- - - - - - (55) -	- - 62 (13) - - (274) -
	(55)	(225)
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	(1,431) 8,969 -	(5,622) 13,160 -
	7,538	7,538

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		145
		-
1.25	Explanation necessary for an understanding of the transactions
	Re.1.23 - During the quarter $145,000 was paid to directors of the entity. Re. 1.19 (b) – $54,849 in interest was paid to the Chairman pursuant to a working capital finance facility.

Non-cash financing and investing activities

2.1 2.2	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	n/a
	Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest
	n/a

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	2,000	2,000
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	500
	-
	-
	500
Total	1,000

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (restricted term deposits)	1,443	2,874
	-	-
	-	-
	6,095	6,095
Total: cash at end of quarter(item 1.22)	7,538	8,969

Changes in interests in mining tenements and petroleum tenements

	Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed E15/836 M15/506 M15/507 M15/511 M15/522 E16/260 E16/272 E16/308 E16/375 E16/455 P16/2823 R16/1 R16/2 E63/1701 P63/1961 P63/1964 P63/1965 P63/1966 P63/1967 Surrendered 9/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 1/04/2015 Surrendered 9/06/2015 Surrendered 9/06/2015 Surrendered 1/04/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased E77/2303 Application 12/06/2015 0% 100% 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.	6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed E15/836 M15/506 M15/507 M15/511 M15/522 E16/260 E16/272 E16/308 E16/375 E16/455 P16/2823 R16/1 R16/2 E63/1701 P63/1961 P63/1964 P63/1965 P63/1966 P63/1967 Surrendered 9/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 1/04/2015 Surrendered 9/06/2015 Surrendered 9/06/2015 Surrendered 1/04/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased E77/2303 Application 12/06/2015 0% 100% 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.	6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed E15/836 M15/506 M15/507 M15/511 M15/522 E16/260 E16/272 E16/308 E16/375 E16/455 P16/2823 R16/1 R16/2 E63/1701 P63/1961 P63/1964 P63/1965 P63/1966 P63/1967 Surrendered 9/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 1/04/2015 Surrendered 9/06/2015 Surrendered 9/06/2015 Surrendered 1/04/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased E77/2303 Application 12/06/2015 0% 100% 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.	6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed E15/836 M15/506 M15/507 M15/511 M15/522 E16/260 E16/272 E16/308 E16/375 E16/455 P16/2823 R16/1 R16/2 E63/1701 P63/1961 P63/1964 P63/1965 P63/1966 P63/1967 Surrendered 9/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 1/04/2015 Surrendered 9/06/2015 Surrendered 9/06/2015 Surrendered 1/04/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased E77/2303 Application 12/06/2015 0% 100% 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.	6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed E15/836 M15/506 M15/507 M15/511 M15/522 E16/260 E16/272 E16/308 E16/375 E16/455 P16/2823 R16/1 R16/2 E63/1701 P63/1961 P63/1964 P63/1965 P63/1966 P63/1967 Surrendered 9/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 1/04/2015 Surrendered 9/06/2015 Surrendered 9/06/2015 Surrendered 1/04/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 24/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 Surrendered 12/06/2015 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased E77/2303 Application 12/06/2015 0% 100% 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 per security (see note3) (cents)	Amount paid up per security (see note3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	502,212,757	502,212,757

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	2,000,000 Convertible notes (conversion price of $0.04, redemption date of 22 November 2015).	Nil	$1.00	$1.00
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter
7.11 Debentures (totals only)
7.12 Unsecured 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 5).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here:

............................................................

Date: 24 July 2015

(Company secretary)

Print name: Jason Carone

• See chapter 19 for defined terms.

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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 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 and petroleum 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 or petroleum 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

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

== == == == ==

• See chapter 19 for defined terms.

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