NOVONIX Ltd — Interim / Quarterly Report 2016

Jan 26, 2017

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 GRAPHITECORP LIMITED

ABN Quarter ended (“current quarter”) 54 157 690 830 31 DECEMBER 2016

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(6 months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a) exploration & evaluation	(282)	(787)
	(b) development	-	-
	(c) production	-	-
	(d) staff costs	(83)	(149)
	(e) administration and corporate costs	(196)	(316)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	1	4
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)	-	10
1.9	Net cash from / (used in) operating	(560)	(1,238)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	(37)	(37)
	(b) tenements (see item 10)	-	-
	(c) investments	-	-
	(d) other non-current assets	-	(5)

• 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
		$A’000	(6 months)
			$A’000
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment	-	-
	(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	(37)	(42)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	300	300
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	300	300
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of	983	1,666
	period
4.2	Net cash from / (used in) operating	(560)	(1,238)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(37)	(42)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	300	300
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	686	686
	period

• 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	50	103
5.2	Call deposits	636	880
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	686	983
	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	82
	item 1.2(d)
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

==> picture [457 x 51] intentionally omitted <==

7. Payments to related entities of the entity and their associates

• 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

• Current quarter $A'000 - -

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

==> picture [457 x 51] intentionally omitted <==

• 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

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.

==> picture [457 x 50] intentionally omitted <==

9.	Estimated cash outflows for next	Estimated cash outflows for next	quarter	$A’000
9.1	Exploration and evaluation				100
9.2	Development				-
9.3	Production				-
9.4	Staff costs				75
9.5	Administration and corporate costs				75
9.6	Other (provide details if material)				-
9.7	Total estimated cash	outflows			250
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	N/A
	tenements and
	petroleum tenements
	lapsed, relinquished
	or reduced
10.2	Interests in mining	N/A
	tenements and
	petroleum tenements
	acquired or increased

• 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

Compliance statement

• 1 T h is stateme n t has been p repared in a ccordance w ith accounting standard s and polici e s which c o mply with L i sting Rule 19.11A.

• 2 T h is stateme n t gives a tru e and fair vi e w of the matters disclos e d.

Sign he r e: ( D irector/Co m pany secre t ary)

Date: 27 Ja n uary 2017

Print na m e: Suz a nne Yeate s

Notes

1. T h e quarterly report provides a basis for informi n g the mark e t how the e ntity’s activi t ies have b e en finance d for the pa s t quarter and the effect on its cash position. An entity that w ishes to di s close addit i onal inform a tion is enco u raged to d o so, in a note or notes i n cluded in or attached to this report.

2. If this quarterly report has been prep a red in acco r dance with A ustralian Ac counting S t andards, the definition s in, and p rovisions o f , AASB 6: Exploration for and E valuation o f Mineral R e sources and AASB 10 7 : Statement of Cash Fl o ws apply to this report. I f this quart e rly report h a s been pre p ared in accordance wit h other acc o unting stan d ards agree d by ASX p u rsuant to Li s ting Rule 1 9 .11A, the c o rrespondin g equivalent standards a p ply to this r e port.

3. D i vidends rec e ived may b e classified e ither as ca s h flows fro m operating a ctivities or c a sh flows fr o m investing activities, d e pending on the accoun t ing policy of the entity.

4. See ch a pter 19 for d e fined terms 1 Septe m ber 2016

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