RIEDEL RESOURCES LIMITED — Interim / Quarterly Report 2016

Jul 26, 2016

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

Riedel Resources Limited

91 143 042 022 30 June 2016

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows

		Current quarter	Year to date
Cash flows related to operating activities		$A'000	(12 months)
			$A'000
1.1	Receipts from product sales and related debtors	4	4
1.2	Payments for(a) exploration & evaluation	(26)	(117)
	(b) development	-	-
	(c) production	-	-
	(d) administration	(142)	(347)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	4	8
1.5	Interest and other costs of finance paid	(2)	(4)
1.6	Income taxes paid	-	-
1.7	Other (provide details if material)
	GST (paid)/received	5	(2)
	Net Operating Cash Flows	(157)	(458)
	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: (a) sale of prospects	-	-
	(b) sale of equity investments	-	-
	(c) sale of other fixed assets	-	-
	(d) sale of tenement	995	1,695
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other (Option fee received)	-	50
	Net investing cash flows	995	1,745
1.13	Total operating and investing cash flows
	(carried forward)	838	1,287

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows
	(brought forward)	838	1,287
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	90
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)
	Capital raising costs	-	-
	Convertible Note (see note 1)	-	-
	Net financing cash flows
		-	90
	Net increase (decrease) in cash held	838	1,377
1.20	Cash at beginning of quarter/year to date	682	143
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter
		1,520	1,520

Payments to directors of the entity, associates of the directors, 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	27
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil

1.25 Explanation necessary for an understanding of the transactions Director's wages.

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

N/A

+ See chapter 19 for defined terms.

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

N/A

Financing facilities available

Add notes as necessary for an understanding of the position.

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

Estimated cash outflows for next quarter

4.2	Development	50
		Nil
4.3	Production	Nil
4.4	Administration	33
	Total	83

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shownin the consolidated statement of cash flows) to the relateditems in the accounts is as follows.	Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	1,500662
5.2	Deposits at call	-	-
5.3	Bank overdraft	-	-
5.4Other (provide details)		20	20
Total: cash at end of quarter (item 1.22)		1,520	682

+ See chapter 19 for defined terms.

Changes in interests in mining tenements and petroleum tenements

		Tenement referenceand location	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests inminingtenements andpetroleumtenementsrelinquished,reduced orlapsed	E53/1304Millrose	Divestment	100%	0%
6.2	Interests inminingtenements andpetroleumtenementsacquired orincreased	-	-	-	-

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 persecurity (see note3) (cents)	Amount paid up persecurity (see note 3)(cents)
7.1	Preference+securities(description)	Nil
7.2	Changes duringquarter(a) Increases	Nil
	through issues(b) Decreasesthrough returnsof capital, buybacks,redemptions
7.3	+Ordinarysecurities	234,099,553	234,099,553		Fully Paid
7.4	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buybacks	1,000,000	1,000,000	15c	Fully Paid
7.5	+Convertibledebt securities(description)

+ See chapter 19 for defined terms.

7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted
7.7	Options			Exercise price	Expiry date
	(description andconversionfactor)	1,250,000	Nil	15c	31 January 2018
		10,000,000	Nil	5.2c	31 December 2016
		23,728,195	Nil	1.1c	31 December 2017
		18,000,000	Nil	1.8c	11 March 2019
		10,000,000	Nil	PerformanceRights
7.8	Issued duringquarter	Nil
7.9	Exercised duringquarter	Nil
7.10	Expired duringquarter
7.11	Debentures(totals only)	Nil
7.12	Unsecurednotes (totalsonly)	Nil

+ See chapter 19 for defined terms.

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.

Sign here: LEONARD MATH Date: 27 July 2016 (Company secretary)

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 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.