PTR MINERALS LTD — Interim / Quarterly Report 2014

Jul 30, 2014

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining 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

Name of entity

	PETRATHERM LTD	PETRATHERM LTD
	ABN 17 106 806 884 Consolidated statement of cash flows
			30 June 2014
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 1.7 Other (Joint Venture Repayments) Other ( R & D Tax Offset) Net Operating Cash Flows		Current quarter $A’000		Year to date (12 months) $A’000
		- (8) - - (131) - 4 - - 23 -		- (142) - - (804) - 18 - - 23 -
		(112)		(905)
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 (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - - - - - - -		- - - - - - - -
		-		-
		(112)		(905)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(112)	(905)
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 (share issue costs) Net financing cash flows	- - - - -	654 - - - - (101)
	-	553
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	(112) 636 -	(352) 878 (2)
	524	524

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities	Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities	Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		25
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Directors’ fees, wages and superannuation for the quarter

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

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	14
	-
	-
	129
Total	143

Reconciliation of cash

Reconciliation of cash	Reconciliation of cash
Reconciliation of cash at the end of the quarter (as		Current quarter	Previous quarter
shown	in the consolidated statement of cash flows)	$A’000	$A’000
to the related items in the accounts is as follows.
5.1	Cash on hand and at bank	132	144
5.2	Deposits at call	392	492
		-	-
5.3	Bank overdraft
		-	-
5.4	Other (provide details)
	Total: cash at end of quarter(item 1.22)	524	636

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
		Refer to Appendix 1

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

6.2 Interests in mining tenements acquired or increased		Refer to Appendix 1

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 note3) (cents)	Amount paid up per security (see note 3) (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	242,177,951	242,177,951	Fully Paid	Fully Paid
	- -	- -	- -	- -
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	-	-	-	-
	- -	- -	- -	- -

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	350,000 300,000 3,600,000 250,000 350,000 1,100,000 350,000 500,000 28,016,196		Exercise price $0.50 $0.53 $0.24 $0.20 $0.20 $0.15 $0.14 $0.13 $0.03	Expiry date 23/12/2014 3/01/2015 4/01/2015 5/07/2015 5/07/2015 30/01/2016 8/01/2017 2/03/2017 2/11/2014
	-		-	-
	-		-	-
	-		-	-
7.11 Debentures (totals only)	-	-
7.12 Unsecured notes(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 5).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: 31[st] July 2014 (Company secretary) Print name: Donald Stephens................................

• See chapter 19 for defined terms.

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Appendix 5B Mining 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 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 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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APPENDIX 1

ASX Additional Information

List of geothermal tenements

AUSTRALIA

AUSTRALIA
Project	Tenement	**Area (km2) **	Registered holder/ Applicant	Company interest
South Australia
Paralana	GEL 156	998	MNGI Pty Ltd	79%
	GEL 254	498	MNGI Pty Ltd	79%
Moolawatana	GEL 603	2,593	MNGI Pty Ltd	100%

SPAIN

SPAIN
Project	Tenement	**Area (km2) **	Registered holder/ Applicant	Company interest
Tenerife
Garehagua 1	2053	98	Petratherm España SL	93.023%
Berolo 1	2054	90	Petratherm España SL	93.023%
Guayafanta	2052	98	Petratherm España SL	93.023%
Abeque	2057	98	Petratherm España SL	93.023%
Gran Canaria
Atidama	151	83	Petratherm España SL	93.023%
Madrid
Valdebebas	3454-010	11	Petratherm España SL	93.023%
Madrid-2016	3455-010	7	Petratherm España SL	93.023%
Geomadrid	3450-110	10	Petratherm España SL	93.023%
Quiñones	3459-010	13	Petratherm España SL	93.023%
El Capricho	3461-010	27	Petratherm España SL	93.023%
Longares	3460-010	33	Petratherm España SL	93.023%

List of petroleum tenements

AUSTRALIA

AUSTRALIA
Project	Tenement	**Area (km2) **	Registered holder/ Applicant	Company interest
Tasmania
Central Midlands	EL 3/2013	3,855	PetraGas Ltd	100%