RED MOUNTAIN MINING LIMITED — Interim / Quarterly Report 2015

Jul 29, 2015

RED MOUNTAIN MINING LTD (ASX:RMX)

30 July 2015

ASX ANNOUNCEMENT

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Quarterly Activities and Cashflow Report for quarter ending 30 June 2015

JUNE QUARTER HIGHLIGHTS:

• During the Quarter, Red Mountain Mining Ltd (ASX:RMX) made significant progress towards development of the Batangas Gold Project,

• discovery of a new potential high-grade footwall lode drilling target at South West Breccia, Lobo;

• completion of the majority of the Definitive Feasibility Study (DFS) inputs;

• local government endorsement of the Project’s development; and

• completion of the government consultation process required for grant of the Environmental Compliance Certificate (ECC), the last key step before final processing of the Declaration of Mining Project Feasibility to allow development of the Project.

• Red Mountain retained A$0.6 million cash and no debt at the end of the June Quarter, with approximately USD 0.5 million in Project loans to be repaid to RMX on completion of the Stage 1 Commitment pursuant to the funding Agreement with Bluebird Merchant Ventures Limited (Bluebird).

1.0 New, high-grade results and large new gold target on recently discovered Footwall Lode at Lobo:

• New, high grade surface trenching results were produced from the main and a new footwall lode discovery at the southwestern end of the South West Breccia (SWB) Lode. Highlights included from Main Lode, Trench 38: 3.0m @ 12.1 g/t Au including 1.0m @ 27.2 g/t Au and from the recently discovered Footwall Lode: Trench 39: 2.1m @ 14.2 g/t Au including 0.6m @ 41.5 g/t Au (both released 11 June 2015). Importantly, both the new SWB Footwall Lode and the SWB Main Lode intersections are open to the southwest, (see Figure 1, plan of SWB).

• A large new gold, silver, multi-element soil anomaly target was produced on projections of the SWB Footwall Lode, 400m to the south west of the SWB resource, at Tamarind . The new target lies along interpreted projections of the recently discovered SWB footwall lode, and up slope, and in the footwall, of the high-grade, gold lode intersections known as “Limestone” (previous results, including Trench 34: 3.5m @ 25.9 g/t Au including 1.5m @ 56.8 g/t Au (ASX release 2 February 2015) and Trench 13: 2.6m @ 28.6 g/t Au including 1.5m @ 45.9 g/t Au (ASX release 7 January 2014), (see Figure 2, SWB corridor with new Tamarind target). The Tamarind target is only partially exposed before it is projected to continue under younger limestone cover. Drilling is planned to test the new footwall lode targets at SWB and Tamarind.

• All trenching results from the 2014/15 program, and any new drilling results will be incorporated into an updated SWB Lode corridor resource model. Once the new gold resource model is completed, the surface zone will be evaluated for early mining and potential toll processing and/or ore sales to either local or international processing facility operators. Bulk 1,000kg, metallurgical samples have been collected and these will be provided to processing plant operators interested in toll processing and/or ore sales for testing.

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ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

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Figure 1: Plan of South West Breccia with new trenching results from the SWB lodes

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

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Figure 2: Plan of South West Breccia Lode with new Tamarind target and silver soil anomaly

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Figure 3: Cross section, with new Tamarind lode target and planned drilling in blue

ASX code: RMX COMPANY DIRECTORS ABN 40 119568106 Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

2.0 Definitive Feasibility Study (DFS): Majority of inputs completed, DFS close to finalisation:

• Significant progress has been made towards completion of the Definitive Feasibility Study (DFS).

• All metallurgical testing including variability work is complete. Metallurgical recoveries broadly reflect previous assumptions.

• Process engineering to determine processing plant capital and operating costs is close to completion. The processing flow sheet has retained the Scoping Study (released 30 March 2014) grind sizes and production rates and it is expected that capital and operating costs will be similar to those previously reported.

• Residue storage facilities and the water balance model have been finalised and waste materials testing and final design is underway.

• Geotechnical programs are close to completion, with final drilling planned for the September 2015 quarter.

• Other inputs, including site infrastructure (roads, water storage and power generation etc.), administration, tax inputs and miscellaneous costs will be finalised for input to the financial model, targeting completion by the end of the September quarter 2015.

3.0 Permitting: local government endorsement and all Environmental Compliance Certificate inputs:

• During the June quarter, the Company received Lobo Municipal Government Council endorsement for its Batangas Gold Project development in the Philippines (ASX release 20 May 2015). The Project has now been endorsed by all directly affected Local Government Councils, having already received the required endorsement of the ten Barangay (township) Councils in January 2015 (ASX release 23 January 2015). This demonstrates strong community and local government support for the Project, that is built on over 12 years of the Company’s Philippines subsidiaries working alongside the local community.

• Community consultation and presentation of the Environmental Impact Statement (EIS) was completed over 28 and 29 May 2015. Responses to questions from the community consultations, as well as feedback from the Review Committee of the Philippines Environmental Management Bureau (EMB), were submitted to the Review Committee to allow final recommendation to the Head of the EMB for approval of the Environmental Compliance Certificate (ECC). The final recommendation is expected in the September quarter 2015.

• The final step in the permitting process is the Declaration of Mining Project Feasibility (DMPF). Following grant of the ECC, the Company will respond to feedback on the DMPF submissions from the MGB prior to a recommendation from the MGB to the Secretary of the Department of Environment and Natural Resources (DENR) for final approval and signing. This is the final step in the central government permitting process required to allow development of the Batangas Gold Project.

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

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Figure 4: Batangas Gold Project, tenements, planned mine and processing facilities and local infrastructure

4.0 Company Financial Status and Outlook: further Project funding received to USD 500,000:

• Further Project level funding of USD 220,000 (~AUD 300,000) was received from strategic partner Bluebird Merchant Ventures Limited (Bluebird) pursuant to the Strategic Financing Partnership Agreement (the Agreement) (for material terms see ASX releases 16 and 23 December 2014).

• This takes total Project level funding under the Agreement to USD 500,000 (~AUD 670,000) and comprises part of the Stage 1 Commitment of USD 1 million to fund completion of the DFS and permitting and earn Bluebird 15% of Red Mountain’s controlling subsidiary Red Mountain Mining Singapore Ltd (RMMS).

• The Agreement was varied to extend timing for completion of Stage 1 funding to on, or before, 1 October 2015, coincident with anticipated timing of Bluebird’s listing on the London Stock Exchange (LSE).

• Any shortfall in funding for RMMS to complete the DFS and permitting inputs during the September quarter will be loaned by RMX to RMMS, pursuant to a new loan agreement, with any funds loaned up to USD 0.5 million agreed to be repaid to RMX, with interest, by Bluebird upon completion of the Standard LSE listing and Stage 1 commitment.

• The Stage 2 funding commitment of USD 4.5 million is conditional upon completion of the DFS, final permitting and confirmation of a >100,000 ounce ore reserve by 31 December 2016. This will lift Bluebird’s stake to 50% of RMMS, implying a valuation for 100% of the Project of USD 11 million (~AUD 15 million). Thus the Agreement is providing equity at Project level valuation, limiting share register dilution.

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ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

• Expenditure during the June quarter totalled AUD$0.99 million, including exploration and DFS expenditure to be funded under the Bluebird Agreement of AUD$0.6 million.

• Red Mountain held AUD$0.6 million cash and no debt at the end of the June quarter, with approximately USD 0.5 million (~AUD 0.67 million) in Project loans to be repaid to RMX on completion of the Stage 1 Commitment pursuant to the funding Agreement with Bluebird Merchant Ventures Limited (Bluebird).

• The Company continues to focus on safe and efficient exploration and development activities in harmony with local communities and the environment. No lost time safety or environmental incidents occurred during the June quarter.

• The Lobo community has endorsed and appreciates and supports the potential development of the Batangas Gold Project, as demonstrated during a rally in Lobo township to support the Project, held 27 July 2015 (ASX release 28 July 2015).

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Figure 5: Over 1,200 Lobo residents rally in support of the Batangas Gold Project, 27 July 2015

For further information about Red Mountain please visit www.redmm.com.au or contact: Company Investors: Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298 026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : jon.dugdale@redmm.com.au E : matt@birneycorporate.com.au

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

ABOUT RED MOUNTAIN MINING LTD AND THE BATANGAS GOLD PROJECT

Red Mountain Mining (ASX: RMX) is a gold exploration and development company which listed on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the greater Asian region by introducing Australian exploration and mining methods and improving efficiencies to gain significant exploration and production upside.

The Company holds a 100% direct and indirect contractual right interest in tenements in the Philippines that contain significant gold resources. Total Mineral Resources at Batangas include Indicated Resources of 2.97 million tonnes @ 2.4 g/t Au, 227,000oz Au and Inferred Resources of 3.22 million tonnes @ 2.1 g/t Au, 218,000oz Au for a total of 6.19 million tonnes at 2.2 g/t Au, 444,000oz Au (ASX announcement 30 June 2014, JORC 2012). The Company is continuing exploration with the objective of upgrading mineral resources at Batangas.

The Company announced an agreement (the Agreement) with London backed, BVI registered, Bluebird Merchant Ventures Ltd (Bluebird) on 23 December 2014. The Agreement includes a two stage funding arrangement totalling US$5.5 million (~A$6.7 million), earning Bluebird up to 50% of the current wholly owned subsidiary, Red Mountain Mining Singapore Ltd (RMMS), which is the holder of the Philippines based Batangas Gold Project assets.

Funding under the Agreement with Bluebird will allow the Company to complete a DFS on the Project, with initial results confirming low capital and operating costs and recovery of over 100,000 ounces of gold during the initial 5 years of a 10 year production plan (ASX announcement 20 November 2014 and updated 23 January 2015).

Final mine development permitting submissions have been endorsed by the Local Government Councils and are now proceeding through the final stages of approval by the central Philippines Government (ASX announcement 20 May 2015).

The Company is on the lookout for other advanced gold development and exploration opportunities, which will be reviewed on a continuous basis.

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

Cautionary Statement

The production targets referred to in this announcement were first released to ASX on 20 November 2014 and updated on 23 January 2015. They are preliminary and there is no certainty that the production targets or the forecast financial information derived from the production targets will be realised. Other than as noted in this announcement, all material assumptions underpinning production targets or forecast financial information derived from production targets continue to apply and have not materially changed.

Competent Person Statement

The information in this report relating to Mineral Resources and post 1 December 2013 Exploration Results is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. The Company confirms that the form and context in which the information is presented has not been materially modified and it is not aware of any new information or data that materially affects the information included in the relevant market announcements, as detailed in the body of this announcement. All material assumptions and technical parameters underpinning the Mineral Resource estimates continue to apply and have not materially changed. The information in this report relating to pre December 2013 Exploration Results is also based on information compiled by Mr Jon Dugdale who has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale takes responsibility for and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

This announcement contains certain forward looking statements. These forward-looking statements are not historical facts but rather are based on Red Mountain Mining’s current expectations, estimates and projections about the industry in which Red Mountain Mining operates, and beliefs and assumptions regarding Red Mountain Mining’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” “potential” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Red Mountain Mining, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forwardlooking statements. Red Mountain Mining cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Red Mountain Mining only as of the date of this presentation. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Red Mountain Mining will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

Tenement Table: ASX Listing Rule 5.3.3

Mining tenement interests held at the end of the quarter and their location

PERMIT NAME	PERMIT NUMBER	REGISTERED HOLDER/APPLICANT	AREA IN HECTARES	DATE OF RENEWAL PERIOD EXPIRATION	PERMIT TERM EXPIRY	INTEREST / CONTRACTUAL RIGHT
Lobo	MPSA-176-2002-IV	Egerton Gold Philippines Inc.	1,164	26-Sep-14	20-Nov-27	100%
Archangel	MPSA-177-2002-IV	Egerton Gold Philippines Inc.	1,012	29-Mar-14	20-Nov-27	100%
Calo	EP-IVA-006	Egerton Gold Philippines Inc.	2,493	5-Sep-14	*5-Sep-14	100%
Pica	EP-IVA-007	Egerton Gold Philippines Inc.	4,488	5-Sep-14	*5-Sep-14	100%
Biga	EP-IVA-008	Egerton Gold Philippines Inc.	977	23-Oct-14	*23-Oct-14	100%
El Paso	EP-IVA-009	MRL Nickel Phils. Inc.	5,000	12-Apr-14	*12-Apr-14	100%
Philex	EP-IVA-010	Egerton Gold Philippines Inc.	1,579	23-Oct-14	*23-Oct-14	100%
Talahib	EP-IVA-011	Egerton Gold Philippines Inc.	873	5-Oct-13	*5-Oct-13	100%
Rosario	EP-IVA-014	MRL Nickel Phils. Inc.	2,991	20-Feb-15	20-Feb-15	100%
East Lobo	EP-IVA-015	Egerton Gold Philippines Inc.	2,461	20-Feb-15	20-Feb-15	100%
SW Lobo	EPA-IVA-093	MRL Nickel Phils. Inc.	166	Application	Application	100%
Calo Extension	EPA-IVA-102	MRL Nickel Phils. Inc.	850	Application	Application	100%
Batangas Extension	EPA-IVA-103	MRL Nickel Phils. Inc.	3,033	Application	Application	100%

*Note: Exploration Permits that have reached permit expiry have been submitted for renewal.

The mining tenement interests relinquished during the quarter and their location

No mining tenements were relinquished during the quarter.

The mining tenement interests acquired during the quarter and their location

No mining tenements were acquired during the quarter.

Beneficial percentage interests held in farm-in or farm-out agreements at the end of the quarter

Not applicable

Beneficial percentage interests in farm-in or farm-out agreements acquired or disposed of during the quarter

Not applicable

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ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

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

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

RED MOUNTAIN MINING LIMITED

ABN 40 119 568 106	Quarter ended (“current quarter”)
40 119 568 106	30 June 2015

Consolidated statement of cash flows

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 (R & D Refund) NetOperating Cash Flows	Current quarter $A’000	Year to date (12 months) $A’000
	5 (619) - - (387) - 5 - - -	5 (2,552) - - (1,607) - 17 - - 135
	(996)	(4,002)
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)	- - - - - - - - -	- - (13) - - - - - -
	-	(13)
	(996)	(4,015)
1.13 Total operating and investing cash flows (brought forward)	(996)	(4,015)

• See chapter 19 for defined terms.

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

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 (provide details if material) Net financing cash flows	(25) - 387 - - -	2,109 - 656 - - -
	362	2,765
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*	(634) 1,228 (7)	(1,250) 1,719 118
	587	587

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

1.23 1.24	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
			142
1.25 Explanation necessaryfor an understandingof the transactions Director fees, executive salaries and superannuation. 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 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest		Explanation necessaryfor an understandingof the transactions
		Director fees, executive salaries and superannuation.
	Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest

• See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

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

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	40	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	422
	-
	-
	160
Total*	582

• To be funded using existing cash reserves together with expected USD 500,000 / ~AUD 680,000 and interest, to be repaid by Bluebird Merchant Ventures Ltd to Red Mountain Mining Ltd to discharge a loan to Red Mountain Mining Singapore Ltd, see ASX release 12 June 2015 regarding a Variation to the Strategic Funding Partnership Agreement with Bluebird Merchant Ventures Ltd announced to the ASX 23[rd] December 2014. The Variation requires completion of Stage 1 funding on or before 1 October 2015.

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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	551	692
	36	536
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	587	1,228

• See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 3

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

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	Tenement reference and location	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter

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 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	1,185,768,679	1,185,768,679	-	-
7.5 +Convertible debt securities (description)	79,850,500 Performance Rights

• See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise price Expiry date
(description and 128,501,960 128,501,960 $0.03 30 June 2016
conversion 15,000,000 - $0.20 15 Sept 2016
factor) 270,987,597 270,987,597 $0.012 31 March 2016
287,882,728 287,882,728 $0.006 30 June 2016
7.8 Issued during
quarter
7.9 Exercised during
quarter
7.10 Expired during
quarter
7.11 Debentures
(totals only)
7.12 Unsecured
notes (totals
only)
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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 ~~/does not*~~ (delete one) give a true and fair view of the matters disclosed.

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Sign here: ............................................................ Date: 30 July 2015
( Director/ Company secretary)
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SHANNON COATES 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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 5

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

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum 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 or petroleum 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 5B Page 6

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