PEEL MINING LIMITED — Interim / Quarterly Report 2016

Oct 29, 2015

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Name of entity

Peel Mining Limited

ABN Quarter ended ("current quarter")

42 119 343 734 30 September 2015

Consolidated statement of cash flows

Cash flows related to operating activities			Current Quarter	Year to Date(12 months)
			$A'000	$A'000
1.1	Receipts from product sales and related debtors		-	-
1.2	Payments for	(a) exploration & evaluation	-	-
	(b) development		-	-
	(c) production		-	-
	(d) administration		(214)	(214)
1.3	Dividends received		-	-
1.4	Interest and other items of a similar naturereceived		-	-
1.5	Interest and other costs of finance paid		-	-
1.6	Income taxes paid/received		-	-
1.7	Other:
	(a) R&D tax offset		-	-
	Net Operating Cash Flows		(214)	(214)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) prospects		-	-
		(b) equity investments	-	-
		(c) other fixed assets	(1)	(1)
1.9	Proceeds from sale of:	(a) prospects	-	-
		(b) equity investments	-	-
		(c) other fixed assets	-	-
1.101.11	Loans to other entitiesLoans repaid by other entities		--	--
1.12	Other:
	(b) Transfers(to)/from for security	(a) Payments for exploration & evaluation	(759)	(759)
	deposits		64	64
	(c) Interest received		20	20
		(d) Proceeds from Farm-in arrangement	620	620
	Net investing cash flows		(56)	(56)
1.13	Total operating and investing cash flows (carriedforward)		(270)	(270)

1.13	Total operating and investing cash flows
	(brought forward)	(270)	(270)
	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 – Costs share issues	-	-
	Net financing cash flows	-	-
	Net increase (decrease) in cash held	(270)	(270)
1.20	Cash at beginning of quarter/year to date	2,975	2,975
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	2,705	2,705

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

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	(41)
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil

1.25 Explanation necessary for an understanding of the transactions

1.23 represents payments to directors for director's fees, superannuation and rental of office space.

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 Nil
• 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

Nil

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

Estimated cash outflows for next quarter
------------------------------------------	--

		$A'000
4.1	Exploration and evaluation (*)	1,149
4.2	Development	-
4.3	Production	-
4.4	Administration	199
	Total	1,348

Reconciliation of cash

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 bank		205	164
Deposits at call		2,500	2,850
Bank overdraft		-	(39)
Other (Farm-in Agreement funds)		-	-
Total: cash at end of quarter (item 1.22)		2,705	2,975

Changes in interests in mining tenements

(Refer to Annexure of Quarterly Activity Statement)

		Tenementreference	Nature of interest(note (2))	Interest atbeginning ofquarter	Interest atend ofquarter
6.1	Interests in mining tenementsrelinquished, reduced or lapsed	E31/0800	Tenement Owner	100%	0%
6.2	Interests in mining tenements	ELA5152	Tenement owner	0%	100%
	acquired or increased	ELA5171	Tenement owner	0%	100%
		ELA5204	Tenement owner	0%	100%
		ELA5206	Tenement owner	0%	100%
		E31/1109	Tenement owner	0%	100%
		E31/1111	Tenement owner	0%	100%
		E39/1886	Tenement owner	0%	100%
		E39/1887	Tenement owner	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.

security (see note 3)per security (see(cents)note 3) (cents)7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs,redemptions+Ordinary7.3securities132,485,969132,485,9697.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs+Convertible debt7.5securities(description)7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough securitiesmatured,converted7.7OptionsExercise PriceExpiry Date(description and1,000,000$0.5028/11/2015conversion factor)1,500,000$0.5028/11/20151,000,000$0.075/12/20177.8Issued duringquarterNil7.9Exercised duringquarterNil7.10Expired duringquarterNil7.11Debentures(totals only)7.12Unsecured notes		Total number	Number quoted	Issue price per	Amount paid up
	(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 4).
• 2 This statement does give a true and fair view of the matters disclosed.

(Company secretary)

Sign here: Date: 30 October 2015

Print name: Ryan Woodhouse

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 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, 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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
• 5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.