NEOMETALS LTD — Interim / Quarterly Report 2020

Oct 29, 2019

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

Neometals Ltd

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ABN

Quarter ended (“current quarter”)

89 099 116 631 September 2019

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date (3
		$A’000	months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	140	140
1.2	Payments for
	(a) exploration & evaluation (R&D)	(1,751)	(1,751)
	(b) development	-	-
	(c) production (gas reservation)	(148)	(148)
	(d) staff costs	(1,324)	(1,324)
	(e) administration and corporate costs	(911)	(911)
1.3	Dividends received (see note 3)
1.4	Interest received	396	396
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)	-	-
1.9	Net cash from / (used in) operating activities	(3,598)	(3,598)
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	(237)	(237)
	(b) tenements (see item 10)	(250)	(250)
	(c) investments	(898)	(898)
	(d) other non-current assets	(36)	(36)

• See chapter 19 for defined terms 1 September 2016

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date (3
		$A’000	months)
			$A’000
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment	11	11
	(b) tenements (see item 10)	-	-
	(c) investments	192	192
	(d) other non-current assets (RIM Sale)	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (exploration & development)	(1,730)	(1,730)
2.6	Net cash from / (used in) investing activities	(2,948)	(2,948)
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 (share buy-back)	-	-
3.10	Net cash from / (used in) financing activities	-	-
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period	113,706	113,706
4.2	Net cash from / (used in) operating	(3,598)	(3,598)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(2,948)	(2,948)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	-	-
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	(96)	(96)
	cash held
4.6	Cash and cash equivalents at end of period	107,064	107,064

• See chapter 19 for defined terms 1 September 2016

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Appendix 5B Mining exploration entity and oil and gas 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	15,790	27,390
5.2	Call deposits	87,030	82,072
5.3	Bank overdrafts	-	-
5.4	Other (restricted term deposits)	4,244	4,244
5.5	Cash and cash equivalents at end of	107,064	113,706
	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		334
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

During the quarter $334,000 was paid to directors of the entity.

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 - 7.2 Aggregate amount of cash flow from loans to these parties included - in item 2.3

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• 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

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----- Start of picture text ----- 8. Financing facilities available Total facility amount Amount drawn atAdd notes as necessary for an at quarter end quarter endunderstanding of the position $A’000 $A’0008.1 Loan facilities - -8.2 Credit standby arrangements - -8.3 Other (please specify) - ------ End of picture text -----

• 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.

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• See chapter 19 for defined terms 1 September 2016

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

9.	Estimated cash outflows for next quarter	$A’000
9.1	Exploration and evaluation		(1,592)
9.2	Development (R&D)		(3,031)
9.3	Production (reservation charges)		(148)
9.4	Staff costs		(1,081)
9.5	Administration and corporate costs		(1,505)
9.6	Other (provide details if material)		-
9.7	Total estimated cash outflows		(7,357)

10.	Changes in	Tenement	Nature of interest	Interest at	Interest
	tenements	reference		beginning	at end of
	(items 2.1(b) and	and		of quarter	quarter
	2.2(b) above)	location
10.1	Interests in mining	G57/0011	Withdrawal	100%	0%
	tenements and
	petroleum tenements
	lapsed, relinquished
	or reduced
10.2	Interests in mining	P15/6539	Application	0%	100%
	tenements and
	petroleum tenementsacquired or increased	M15/87	Acquired Nickel Rights	0%	100%
		P15/6092	Option to purchase	0%	100%
		E15/1553	Option to purchase	0%	100%

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: ....... Jason Carone..................... Date: ....30/10/2019...................................... (Company secretary)

Print name: ........Jason Carone.....................

• See chapter 19 for defined terms 1 September 2016

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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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. 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.

3. 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

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