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PATRONUS RESOURCES LIMITED — Interim / Quarterly Report 2017
Jul 30, 2017
65620_rns_2017-07-30_adc7d2ac-fd30-4754-a2c4-a083dd54ca83.pdf
Interim / Quarterly Report
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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
Name of entity
Kin Mining NL
==> picture [457 x 5] intentionally omitted <==
ABN
Quarter ended (“current quarter”)
30 150 597 541
30 June 2017
| Consolidated statement of cash flows | Consolidated statement of cash flows | Current quarter $A’000 |
Full Year $A’000 |
|
|---|---|---|---|---|
| 1. | Cash flows from operating activities | |||
| 1.1 | Receipts from customers | ‐ | ‐ | |
| 1.2 | Payments for | |||
| (a) exploration & evaluation | (2,959) | (8,000) | ||
| (b) development | ‐ | ‐ | ||
| (c) production | ‐ | ‐ | ||
| (d) staff costs | (372) | (807) | ||
| (e) administration and corporate costs | (713) | (1,496) | ||
| 1.3 | Dividends received (see note 3) | ‐ | ‐ | |
| 1.4 | Interest received | 1 | 7 | |
| 1.5 | Interest and other costs of finance paid | ‐ | (289) | |
| 1.6 | Income taxes paid | ‐ | ‐ | |
| 1.7 | Research and development refunds | 134 | 281 | |
| 1.8 | Other (provide details if material) | 7 | 7 | |
| ‐ Receipts from trial mine gold sales |
‐ | 1,537 | ||
| ‐ Net GST (paid)/refunded |
(208) | (332) | ||
| 1.9 | Net cash from / (used in) operating | (4,110) | (9,092) | |
| activities | ||||
| 2. | Cash flows from investing activities | |||
| 2.1 | Payments to acquire: | |||
| (a) property, plant and equipment | (18) | (199) | ||
| (b) tenements (see item 10) | (74) | (138) |
- See chapter 19 for defined terms.
01/09/2016
Appendix 5B Page 1
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 $A’000 |
Full Year $A’000 |
|---|---|---|---|
| (c) investments | ‐ | ‐ | |
| (d) other non‐current assets | ‐ | ‐ | |
| 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 | (92) | (337) |
| activities | |||
| 3. | Cash flows from financing activities | ||
| 3.1 | Proceeds from issues of shares | 10,561 | 16,288 |
| 3.2 | Proceeds from issue of convertible notes | ‐ | |
| 3.3 | Proceeds from exercise of share options | 172 | 488 |
| 3.4 | Transaction costs related to issues of | (354) | (632) |
| shares, convertible notes or options | |||
| 3.5 | Proceeds from borrowings | ‐ | ‐ |
| 3.6 | Repayment of borrowings | ‐ | (1,351) |
| 3.7 | Transaction costs related to loans and | ‐ | ‐ |
| borrowings | |||
| 3.8 | Dividends paid | ‐ | ‐ |
| 3.9 | Other (provide details if material) | ||
| Proceeds from rights issue held in trust. | |||
| Shares were issued on 3 October 2016. | ‐ | ‐ | |
| 3.10 | Net cash from / (used in) financing | 10,379 | 14,793 |
| activities |
- See chapter 19 for defined terms. Appendix 5B Page 2
01/09/2016
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 $A’000 |
Full Year $A’000 |
|---|---|---|---|
| 4. | Net increase / (decrease) in cash and | 6,177 | 5,364 |
| cash equivalents for the period | |||
| 4.1 | Cash and cash equivalents at beginning of | 477 | 1,290 |
| period | |||
| 4.2 | Net cash from / (used in) operating | ||
| activities (item 1.9 above) | (4,110) | (9,092) | |
| 4.3 | Net cash from / (used in) investing | ||
| activities (item 2.6 above) | (92) | (337) | |
| 4.4 | Net cash from / (used in) financing | ||
| activities (item 3.10 above) | 10,379 | 14,793 | |
| 4.5 | Effect of movement in exchange rates on | ‐ | ‐ |
| cash held | |||
| 4.6 | Cash and cash equivalents at end of | 6,654 | 6,654 |
| period | |||
| 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 | 6,654 | 477 |
| 5.2 | Call deposits | ‐ | ‐ |
| 5.3 | Bank overdrafts | ‐ | ‐ |
| 5.4 | Other (provide details) | ‐ | ‐ |
| 5.5 | Cash and cash equivalents at end of | 6,654 | 477 |
| 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 | 302 | |
| item 1.2 | |||
| 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 | |||
| 6.1 ‐ | Directors’ fees and salaries and entitlements in normal course of trading | and consulting fees | |
| paid to Directors’ and related parties |
- See chapter 19 for defined terms. 01/09/2016
Appendix 5B Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
7. Payments to related entities of the entity and their associates
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
| 8. | Financing facilities available | Total facility amount | Amount drawn at | |
|---|---|---|---|---|
| Add notes as necessary for an understanding of the | at quarter end | quarter end | ||
| 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.
| 9. | Estimated cash outflows for next quarter | $A’000 | |
|---|---|---|---|
| 9.1 | Exploration and evaluation | 3,000 | |
| 9.2 | Development | ||
| 9.3 | Production | ||
| 9.4 | Staff costs | ||
| 9.5 | Administration and corporate costs | 500 | |
| 9.7 | Total estimated cash outflows | 3,500 |
- See chapter 19 for defined terms. Appendix 5B Page 4
01/09/2016
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 10. | Changes in | Tenement | Nature of interest | Interest | Interest |
|---|---|---|---|---|---|
| tenements | reference | at | at end of | ||
| (items 2.1(b) and | and | beginning | quarter | ||
| 2.2(b) above) | location | of quarter | |||
| 10.1 | Interests in mining tenements and |
P39/4960 P39/4961 P37/7655 |
Expired Expired Expired |
100% 100% 100% |
0% 0% 0% |
| petroleum tenements | P37/7656 | Expired | 100% | 0% | |
| lapsed, relinquished | P37/7657 | Expired | 100% | 0% | |
| or reduced | P37/7658 | Expired | 100% | 0% | |
| P37/7659 | Expired | 100% | 0% | ||
| P37/7660 | Expired | 100% | 0% | ||
| P37/7661 | Expired | 100% | 0% | ||
| P37/7662 | Expired | 100% | 0% | ||
| P37/7663 | Expired | 100% | 0% | ||
| P37/7664 | Expired | 100% | 0% | ||
| P37/7665 | Expired | 100% | 0% | ||
| P37/7666 | Expired | 100% | 0% | ||
| P37/7667 | Expired | 100% | 0% | ||
| P37/7668 | Expired | 100% | 0% | ||
| P37/7669 | Expired | 100% | 0% | ||
| P37/7670 | Expired | 100% | 0% | ||
| P37/7671 | Expired | 100% | 0% | ||
| P37/7672 | Expired | 100% | 0% | ||
| P37/7673 | Expired | 100% | 0% | ||
| P37/7674 | Expired | 100% | 0% | ||
| P37/7675 | Expired | 100% | 0% | ||
| 10.2 | Interests in mining tenements and |
E37/1315 M39/1118 P37/8965 |
Tenement Application Tenement Application Tenement Application |
0% 0% 0% |
0% 0% 0% |
| petroleum tenements | P37/8966 | Tenement Application | 0% | 0% | |
| acquired or increased | P37/8967 | Tenement Application | 0% | 0% | |
| P37/8968 | Tenement Application | 0% | 0% | ||
| P37/8969 | Tenement Application | 0% | 0% | ||
| P37/8970 | Tenement Application | 0% | 0% | ||
| P37/8971 | Tenement Application | 0% | 0% | ||
| P37/8972 | Tenement Application | 0% | 0% | ||
| P37/8973 | Tenement Application | 0% | 0% | ||
| P37/8948 | Tenement Application | 0% | 0% | ||
| P37/8949 | Tenement Application | 0% | 0% | ||
| P37/8950 | Tenement Application | 0% | 0% | ||
| P37/8951 | Tenement Application | 0% | 0% | ||
| P37/8952 | Tenement Application | 0% | 0% | ||
| P37/8953 | Tenement Application | 0% | 0% | ||
| P37/8954 | Tenement Application | 0% | 0% | ||
| P37/8955 | Tenement Application | 0% | 0% | ||
| P37/8956 | Tenement Application | 0% | 0% | ||
| P37/8957 | Tenement Application | 0% | 0% | ||
| P37/8958 | Tenement Application | 0% | 0% | ||
| P37/8959 | Tenement Application | 0% | 0% | ||
| P37/8960 | Tenement Application | 0% | 0% | ||
| P37/8961 | Tenement Application | 0% | 0% | ||
| P37/8962 | Tenement Application | 0% | 0% | ||
| P37/8963 | Tenement Application | 0% | 0% | ||
| P37/8964 | Tenement Application | 0% | 0% | ||
| P37/8974 | Tenement Application | 0% | 0% | ||
| P37/8975 | Tenement Application | 0% | 0% | ||
| P37/8976 | Tenement Application | 0% | 0% | ||
| P37/8977 | Tenement Application | 0% | 0% | ||
| P37/8978 | Tenement Application | 0% | 0% | ||
| P37/8536 | Acquisition | 0% | 100% | ||
| P37/8537 | Acquisition | 0% | 100% | ||
| P37/8538 | Acquisition | 0% | 100% | ||
| P37/8539 | Acquisition | 0% | 100% 100% |
||
- See chapter 19 for defined terms. 01/09/2016
Appendix 5B Page 5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
| P37/8540 | Acquisition | 0% | 100% |
| P37/8541 P37/8542 |
Acquisition Acquisition |
0% 0% |
100% 100% 100% |
| P37/8543 | Acquisition | 0% | 100% |
| M37/646 | Purchased 20% | 80% | 100% |
| P37/7275 | Purchased 20% | 80% | 100% |
| P37/7276 | Purchased 20% | 80% | 100% |
| M37/1304 | Purchased 20% | 80% | 100% |
| P37/8938 | Tenement Application | 0% | 0% |
| P37/8939 | Tenement Application | 0% | 0% |
| P37/8940 | Tenement Application | 0% | 0% |
| P37/8941 | Tenement Application | 0% | 0% |
| P37/8942 | Tenement Application | 0% | 0% |
| P37/8943 | Tenement Application | 0% | 0% |
| P37/8944 | Tenement Application | 0% | 0% |
| P37/8945 | Tenement Application | 0% | 0% |
| P37/8946 | Tenement Application | 0% | 0% |
| P37/8947 | Tenement Application | 0% | 0% |
| P37/8988 | Tenement Application | 0% | 0% |
| P37/8989 | Tenement Application | 0% | 0% |
| P37/8990 | Tenement Application | 0% | 0% |
| P37/8991 | Tenement Application | 0% | 0% |
| P37/8992 | Tenement Application | 0% | 0% |
| P37/8993 | Tenement Application | 0% | 0% |
| P37/8994 | Tenement Application | 0% | 0% |
| P37/8995 | Tenement Application | 0% | 0% |
| P37/8996 | Tenement Application | 0% | 0% |
| P37/8997 | Tenement Application | 0% | 0% |
| P37/8998 | Tenement Application | 0% | 0% |
| P37/8999 | Tenement Application | 0% | 0% |
| P37/9000 | Tenement Application | 0% | 0% |
| P37/9001 | Tenement Application | 0% | 0% |
| P37/9002 | Tenement Application | 0% | 0% |
| P37/9003 | Tenement Application | 0% | 0% |
| P37/9004 | Tenement Application | 0% | 0% |
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.
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Sign here: ............................................................ (Director/Company secretary)
Date: 31 July 2017
Print name: ........Joe Graziano................................
Notes
-
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
-
See chapter 19 for defined terms. Appendix 5B Page 6
01/09/2016
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
-
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.
-
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. 01/09/2016
Appendix 5B Page 7