NOVONIX Ltd — Interim / Quarterly Report 2015

Jan 27, 2016

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

GRAPHITECORP LIMITED

ABN

54 157 690 830

Quarter ended (“current quarter”)

31 DECEMBER 2015

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from product sales and relateddebtors1.2Payments for (a) exploration & evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material)Net Operating Cash Flows	Current quarter$A’000	Year to date(6 months)$A’000
	‐(443)‐‐(194)1‐‐16	‐(515)‐‐(226)‐1‐‐16
	(620)	(724)
Cash flows related to investing activities1.8Payment for purchases of: (a) prospects(b) equity investments(c) other fixed assets1.9Proceeds from sale of:(a) prospects(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)	(60)‐(11)‐‐‐‐‐(1)	(60)‐(20)‐‐‐‐‐(1)
	(72)	(81)
	(692)	(805)

• See chapter 19 for defined terms.

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

1.13Total operating and investing cash flows(brought forward)	(692)	(805)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.19Other (provide details if material)‐Payment of share issue expensesNet financing cash flows	3,050‐‐(60)‐(227)	3,422‐60(60)‐(253)
	2,763	3,169
Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date1.21Exchange rate adjustments to item 1.201.22Cash at end ofquarter	2,071293‐	2,364‐‐
	2,364	2,364

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

1.231.24	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10	Current quarter$A'000
		Nil
		Nil
1.25	Explanation necessaryfor an understandingof the transactions
	Borrowings shown at item 1.16 and 1.17 related to expenses paid by Greg Baynton on behalf of GraphitecorpLimited.

Non‐cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

During the quarter 2,976,903 ordinary fully paid shares were issued to Mr Philip St Baker, in accordance with his employment contract, for no consideration.

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1Loan facilities3.2Credit standby arrangements	Amount available$A’000	Amount used$A’000
	Nil	Nil
	Nil	Nil

Estimated cash outflows for next quarter

4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$A’000
	800
	‐
	‐
	150
Total	950

Reconciliation of cash

TotalReconciliation of cash		950
Reconciliation of cash at the end of the quarter (asshown 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
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (provide details)	114	293
	2,250	‐
	‐	‐
	‐	‐
Total: cash at end of quarter(item 1.22)	2,364	293

• See chapter 19 for defined terms.

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

Changes in interests in mining tenements and petroleum tenements

6.1Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed6.2Interests in miningtenements andpetroleum tenementsacquired or increased	Tenementreferenceandlocation	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
	Nil
	EPM17323	Non‐metal rights	80%	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 persecurity (seenote3) (cents)	Amount paid upper security (seenote3) (cents)
7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy‐backs,redemptions	Nil
7.3+Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy‐backs	69,538,047	17,560,184
	10,000,0002,915,5492,976,903	10,000,0002,915,549‐	20 cents18 centsNil	20 cents18 centsNil
7.5+Convertibledebtsecurities(description)	Nil

• See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted
7.7Options(description andconversionfactor)7.8Issued duringquarter7.9Exercisedduring quarter7.10Expired duringquarter			Exercise price	Expiry date
7.7APerformancerights7.8AIssued duringquarter7.9AExercisedduring quarter7.10AExpired duringquarter	1,562,500	‐	Exercise priceNil	Expiry date31 December 2017
	1,562,500	‐	Nil	31 December 2017
	‐	‐
	‐	‐
7.11Debentures(totals only)
7.12Unsecurednotes(totalsonly)

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.

==> picture [138 x 54] intentionally omitted <==

Sign here: ............................................................ Date: 28/1/2016 (Director/Company secretary)

Print name: SUZANNE YEATES

• 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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