REDIVIUM LIMITED — Interim / Quarterly Report 2017

Jan 26, 2017

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

HANNANS LTD

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ABN		Quarter ended (“current	quarter”)
52 099	862 129	31 December 2016
Consolidated statement of cash flows		Current quarter	Year to date (6 months)
		$A’000	$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	–	–
1.2	Payments for
	(a) exploration & evaluation	(275)	(335)
	(b) development	–	–
	(c) production	–	–
	(d) staff costs	(31)	(192)
	(e) administration and corporate costs	(232)b	(487)b
1.3	Dividends received (see note 3)	–	–
1.4	Interest received	7	14
1.5	Interest and other costs of finance paid	–	–
1.6	Income taxes paid	–	–
1.7	Research and development refunds	–	–
1.8	Other (provide details if material)	–	–
1.9	Net cash from / (used in) operating activities	(531)	(1,000)
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	–	(1)
	(b) tenements (see item 10)	–	–
	(c) investments	–	–
	(d) other non-current assets	–	–

• 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	Consolidated statement of cash flows	Current quarter	Year to date (6 months)
		$A’000	$A’000
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	(4)	(95)
2.4	Dividends received (see note 3)	–	–
2.5	Other (provide details if material)	1,000a	750a
2.6	Net cash from / (used in) investing activities	996	654
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	–	–
3.2	Proceeds from issue of convertible notes	–	–
3.3	Proceeds from exercise of share options	125	271
3.4	Transaction costs related to issues of shares,	(20)	(25)
	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 activities	105	246
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents	1,005	1,675
	at beginning of period
4.2	Net cash from / (used in)	(531)	(1,000)
	operating activities (item 1.9 above)
4.3	Net cash from / (used in)	996	654
	investing activities (item 2.6 above)
4.4	Net cash from / (used in)	105	246
	financing 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 period	1,575	1,575

• See chapter 19 for defined terms 1 September 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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	792	87
5.2	Call deposits	783	918
5.3	Bank overdrafts	–	–
5.4	Other (provide details)	–	–
5.5	Cash and cash equivalents at end of quarter	1,575	1,005
	(should equal item 4.6 above)

• a The acquisition of Reed Exploration Pty Ltd was completed on 29 September 2016. Pursuant to the agreement with Neometals Ltd, Reed Exploration Pty Ltd transferred a cash balance of $1 million less the costs of the nickel exploration drilling completed in October 2016 with no liabilities.

• b Approximately $94,000 (Jul – Dec 2016: $224,000) was associated with one-off transaction costs relating to implementation of the Neometals transactions and the in-specie distribution of Critical Metals Ltd.

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 item 1.2		31
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 Payments of Managing Director’s salary, superannuation, taxes and Non-Executive Directors’ fees for the quarter.

During the quarter, the Company issued shares and unlisted options in lieu of the outstanding Managing Director’s salary and Non-Executive Directors’ fees as approved at Hannans’ shareholder meeting on 15 September 2016. Refer to ASX announcement dated 15 November 2016 for further information.

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

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

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• 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

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.

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9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation 340
9.2 Development –
9.3 Production –
9.4 Staff costs 48
9.5 Administration and corporate costs 49
9.6 Other (provide details if material) –
9.7 Total estimated cash outflows 437
10. Changes in Tenement Nature of interest Interest at Interest at
tenements reference and beginning end of
(items 2.1(b) and 2.2(b) location of quarter quarter
above)
10.1 Interests in mining
tenements and
petroleum tenements
lapsed, relinquished or
reduced
10.2 Interests in mining
tenements and
petroleum tenements
acquired or increased
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• See chapter 19 for defined terms 1 September 2016

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

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.

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27 January 2017

Damian Hicks

Executive Director

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