PEEL MINING LIMITED — Interim / Quarterly Report 2015

Jul 30, 2015

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

	Name of entity		Quarter ended (“current quarter”) 30 June 2015	Quarter ended (“current quarter”) 30 June 2015
	Peel Mining Limited
	ABN 42 119 343 734 Consolidated statement of cash flows
			30 June 2015
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 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		Current Quarter $A’000		Year to Date (12 months) $A’000
		- - - - (237) - - - - 1,194		- - - - (1,118) - - - - 2,619
		957		1,501
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other: (a) Payments for exploration & evaluation (b) Transfers(to)/from for security deposits (c) Interest received (d) Proceeds from Farm-in arrangement Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - (22) - - - - - (294) - 12 72		- - (55) - - - - - (2,667) (40) 90 1,001
		(232)		(1,671)
		725		(170)

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	725	(170)
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	- - - - - -	32 - - - - (2)
	-	30
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	725 2,250 -	(140) 3,115 -
	2,975	2,975

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

related entities
1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
	(42)
	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.

• 3.1 Loan facilities 3.2 Credit standby arrangements

	Amount available	Amount used
	$A’000	$A’000
	Nil	Nil
	Nil	Nil

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Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation(*) 4.2 Development 4.3 Production 4.4 Administration	$A’000
	784
	-
	-
	247
Total	1,031

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown 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
5.1 Cash on hand and at bank Deposits at call Bank overdraft Other (Farm-in Agreement funds)	164	150
	2,850	2,100
	(39)	-
	-	-
Total: cash at end of quarter(item 1.22)	2,975	2,250

Changes in interests in mining tenements (Refer to Annexure of Quarterly Activity Statement)

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	-	-	-	-
	E31/1087 P31/2068 P31/2069 P31/2070 P31/2071 P31/2072 P31/2073	Tenement owner Tenement owner Tenement owner Tenement owner Tenement owner Tenement owner Tenement owner	0% 0% 0% 0% 0% 0% 0%	100% 100% 100% 100% 100% 100% 100%

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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 per security (see note 3) (cents)	Amount paid up per security (see note3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy-backs	132,485,969	132,485,969
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured,converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	1,000,000 1,500,000 1,000,000		Exercise Price $0.50 $0.50 $0.07	Expiry Date 28/11/2015 28/11/2015 5/12/2017
	Nil
	Nil
	280,000		_$0.50 _	30/06/2015
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

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Appendix 5B Mining exploration entity quarterly report

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.

Sign here: Date: 31 July 2015 (Company secretary)

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.

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