PTR MINERALS LTD — Interim / Quarterly Report 2016

Jul 25, 2016

dRule 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

PETRATHERM LTD

17 106 806 884 30 June 2016

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter$A'000	Year to date (12months)$A'000
1.1	Receipts from product sales and relateddebtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development	(7)-	(95)-
	(c) production(d) administration	-(88)	-(352)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	3	9
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)	-	-
		(92)	(438)
	Net Operating Cash Flows
	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	--	--
1.111.12	Loans repaid by other entitiesOther (provide details if material)	-	-
		-	-
	Net investing cash flows

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	(92)	(438)
1.141.151.161.171.181.19	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther (share issue costs)	-------	774----(96)678
	Net financing cash flows
	Net increase (decrease) in cash held	(92)	240
1.20	Cash at beginning of quarter/year to date	806	476
1.21	Exchange rate adjustments to item 1.20	(47)	(49)
1.22	Cash at end of quarter	667	667

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	31
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of 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.

Financing facilities available

Add notes as necessary for an understanding of the position.

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

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	5
4.2	Development	-
4.3	Production	-
4.4	Administration	90
	Total	95

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	29	40
5.2Deposits at call	638	766
5.3Bank overdraft	-	-
5.4Other (provide details)	-	-
Total: cash at end of quarter (item 1.22)	667	806

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed		Refer to Appendix 1

+ See chapter 19 for defined terms.

6.2Interests in miningtenements acquired orincreased	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	Numberquoted	Issue price persecurity (seenote 3) (cents)	Amount paid up persecurity (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	777,570,139	777,570,139	Fully Paid	Fully Paid
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues	-	-	-	-
	(b) Decreases
	through returns
	of capital, buy
7.5	backs+Convertible	-	-	-	-
	debt
	securities
	(description)
7.6	Changes during
	quarter
	(a) Increases
	through issues	-	-	-	-
	(b) Decreases
	through	-	-	-	-
	securities
	matured,
	converted
7.7	Options			Exercise price	Expiry date
	(description and
	conversion	350,000		$0.14	8/01/2017
	factor)	500,000		$0.13	2/03/2017

+ See chapter 19 for defined terms.

7.8	Issued duringquarter	-		-	-
7.9	Exercisedduring quarter	-		-	-
7.10	Expired duringquarter			-	-
7.11	Debentures(totals only)	-	-
7.12	Unsecurednotes (totalsonly)	-	-

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.

(Company secretary)

Sign here: ............................................................ Date: 26th July 2016

Print name: Donald Stephens

+ See chapter 19 for defined terms.

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.

APPENDIX 1

Changes in Interests in Mining Tenements For Quarter Ended 30 June 2016

		TenementReference	Nature of Interest	Interest atthebeginningof Quarter	Interest atthe end ofQuarter
6.1	Interests in miningtenements relinquished,reduced or lapsed		Please refer to Table 1 below for tenements relinquished during the quarter

6.2 Interests in mining tenements acquired or increased

Table 1: Interests in mining tenements relinquished, reduced or lapsed

Project	Tenement	Area(km2)	Registered holder/Applicant	Interest atbeginning ofquarter	Interest atend ofquarter
Tenerife
Berolo 1	2054	90	Petratherm EspañaSL	93.023%	0.00%
Guayafanta	2052	98	Petratherm EspañaSL	93.023%	0.00%
Abeque	2057	98	Petratherm EspañaSL	93.023%	0.00%
Gran Canaria
Atidama	151	83	Petratherm EspañaSL	93.023%	0.00%
Madrid
Valdebebas	3454-010	11	Petratherm EspañaSL	93.023%	0.00%
Madrid-2016	3455-010	7	Petratherm EspañaSL	93.023%	0.00%
Geomadrid	3450-110	10	Petratherm EspañaSL	93.023%	0.00%
Quiñones	3459-010	13	Petratherm EspañaSL	93.023%	0.00%
El Capricho	3461-010	27	Petratherm EspañaSL	93.023%	0.00%
Longares	3460-010	33	Petratherm EspañaSL	93.023%	0.00%

APPENDIX 1

ASX Additional Information

List of geothermal tenements as at 30 June 2016

AUSTRALIA

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

SPAIN

Project	Tenement	Area (km2)	Registered holder/Applicant	Company interest
Tenerife
Garehagua 1	2053	98	Petratherm España SL	93.023%

List of petroleum tenements as at 30 June 2016

AUSTRALIA

Project	Tenement	Area (km2)	Registered holder/Applicant	Company interest
Tasmania
Central Midlands	EL 3/2013	2,098	PetraGas Ltd	100%