PTR MINERALS LTD — Interim / Quarterly Report 2017

Apr 27, 2017

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	31 March 2017

	Consolidated statement of cash flows	Current quarter$A'000	Year to date(9 months)$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	(101)	(446)
1.3	Dividends received (see note 3)
1.4	Interest received	2	6
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)	-	16
1.9	Net cash from / (used in) operatingactivities	(99)	(424)

2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)property, plant and equipment
	(b)tenements (see item 10)
	(c)investments

	Consolidated statement of cash flows	Current quarter$A'000	Year to date(9 months)$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) investingactivities	-	-

3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	677
3.2	Proceeds from issue of convertible notes
3.3	Proceeds from exercise of share options
3.4	Transaction costs related to issues ofshares, convertible notes or options	-	(47)
3.5	Proceeds from borrowings
3.6	Repayment of borrowings
3.7	Transaction costs related to loans andborrowings
3.8	Dividends paid
3.9	Other (provide details if material)
3.10	Net cash from / (used in) financingactivities	-	630

4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	969	664
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(99)	(424)

	Consolidated statement of cash flows	Current quarter$A'000	Year to date(9 months)$A'000
4.3	Net cash from / (used in) investingactivities (item 2.6 above)	-	-
4.4	Net cash from / (used in) financingactivities (item 3.10 above)	-	630
4.5	Effect of movement in exchange rates oncash held
4.6	Cash and cash equivalents at end ofperiod	870	870

5.	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) tothe related items in the accounts	Current quarter$A'000	Previous quarter$A'000
5.1	Bank balances	270	269
5.2	Call deposits	600	700
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	870	969

6. Payments to directors of the entity and their associates Current quarter

• 6.1 Aggregate amount of payments to these parties included in 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

$A'000

68

7. Payments to related entities of the entity and their associates

• 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

8.	Financingfacilities availableAdd notes as necessary for an understanding of theposition	Total facility amountat quarter end$A'000	Amount drawn atquarter end$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.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation*	250
9.2	Development
9.3	Production
9.4	Staff costs
9.5	Administration and corporate costs	60
9.6	Other (provide details if material)
9.7	Total estimated cash outflows	310

*Estimated exploration and evaluation cash outflow comprises Petratherm's share of the rehabilitation cost for the Paralana 2 geothermal well. The net outflows will be reduced by the proceeds from sale of the well head and the receipt of R&D tax refund.

Current quarter $A'000

10.	Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	Interestatbeginningof quarter	Interestat end ofquarter
10.1	Interests in miningtenements andpetroleum tenementslapsed, relinquishedor reduced		Refer to Appendix 1
10.2	Interests in miningtenements andpetroleum tenementsacquired 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: ........................ (Director and Company secretary) .......................................... (Director and Company secr

28 April 2017

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.
• 1. 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.
• 1. 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.

APPENDIX 1

ASX Additional Information

List of geothermal tenements as at 31 March 2017

AUSTRALIA

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