PTR MINERALS LTD — Interim / Quarterly Report 2016

Oct 25, 2016

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

PETRATHERM LIMITED

	ABN				Quarter ended (“current quarter”)
	17 106 806 884				30 SEPTEMBER 2016

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other (Joint Venture Repayments) 1.9 Net cash from / (used in) operating activities	- - (104) 2 16	- - (104) 2 16
	(86)	(86)

• 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				Current quarter $A’000		Year to date (3 months)
							$A’000
			(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
			activities
	3.		Cash flows from financing activities
	3.1		Proceeds from issues of shares		390			390
	3.2		Proceeds from issue of convertible notes
	3.3		Proceeds from exercise of share options
	3.4		Transaction costs related to issues of		(27)			(27)
			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		363			363
			activities
	4.		Net increase / (decrease) in cash and
			cash equivalents for the period
	4.1		Cash and cash equivalents at beginning of		664			664
			period
	4.2		Net cash from / (used in) operating		(86)			(86)
			activities (item 1.9 above)

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

	Consolidated statement of cash flows					Current quarter $A’000		Year to date (3 months)
								$A’000
	4.3			Net cash from / (used in) investing		-		-
				activities (item 2.6 above)
	4.4			Net cash from / (used in) financing		363		363
				activities (item 3.10 above)
	4.5			Effect of movement in exchange rates on
				cash held
	4.6			Cash and cash equivalents at end of		941		941
				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		711		437
	5.2			Call deposits		230		230
	5.3			Bank overdrafts
	5.4			Other (provide details)
	5.5			Cash and cash equivalents at end of		941		667
				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				47
				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’ remunerations for the period

• See chapter 19 for defined terms. 01/09/2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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

==> picture [443 x 56] intentionally omitted <==

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.

==> picture [443 x 57] intentionally omitted <==

9. Estimated cash outflows for next quarter $A’000 9.1 Exploration and evaluation 8 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 90 9.6 Other (provide details if material) 9.7 Total estimated cash outflows 98	9. Estimated cash outflows for next quarter $A’000 9.1 Exploration and evaluation 8 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 90 9.6 Other (provide details if material) 9.7 Total estimated cash outflows 98
9. Estimated cash outflows for next quarter	$A’000
9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other (provide details if material) 9.7 Total estimated cash outflows	8 90
	98

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

10. Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced		Refer to Appendix 1
10.2 Interests in mining tenements and petroleum tenements acquired or increased		Refer to Appendix 1

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.

Sign here: ............................................................ Date: ............................................. 26 October 2016 (Director and Company secretary)

DONALD STEPHENS Print name: .........................................................

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. 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.

3. 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.

4. See chapter 19 for defined terms. 01/09/2016

Appendix 5B Page 5

APPENDIX 1

ASX Additional Information

List of mining tenements relinquished, reduced or lapsed for the quarter ended 30 September 2016

AUSTRALIA

AUSTRALIA
Project	Tenement	Area **(km2) **	Registered holder/ Applicant	Interest at beginning of **quarter **	Interest at end of **quarter **
Tasmania
Central Midlands	EL 3/2013	2,098	PetraGas Ltd	100%	0%

SPAIN

Project	Tenement	Area **(km2) **	Registered holder/ Applicant	Company interest	Interest at end of quarter
Tenerife
Garehagua 1	2053	98	Petratherm España SL	93.023%	0%

List of geothermal tenements as at 30 September 2016

AUSTRALIA

Project	Tenement	**Area (km2) **	Registered holder/ Applicant	Company interest
South Australia
Paralana	GEL 156	498	MNGI Pty Ltd	79%