RTG Mining Inc. — Interim / Quarterly Report 2019

Jan 30, 2020

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity

RTG Mining Inc.
ABN	Quarter ended ("current quarter")

70 164 362 850	31 December 2019

Consolidated statement of cash flows		Current quarter$US	Year to date(twelve months)$US
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a)exploration and evaluation	(305,504)	(305,504)
	(b)development	-	-
	(c)production	-	-
	(d)staff costs	(252,962)	(1,099,641)
	(e)administration and corporate costs	(97,245)	(1,044,184)
	- business development	(823,265)	(4,286,619)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	49,540	51,714
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) operatingactivities	(1,429,436)	(6,684,234)
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)property, plant and equipment	(2,197)	(2,197)
	(b)tenements (see item 10)	-	-
	(c)investments	(1,950,000)	(2,150,000)

Consolidated statement of cash flows		Current quarter$US	Year to date(twelve months)$US
	(d)other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a)property, plant and equipment	650,000	650,000
	(b)tenements (see item 10)	-	-
	(c)investments	-	-
	(d)other non-current assets (maturity ofterm deposit)	-	-
2.3	Cash flows from loans to other entities	(785,635)	(1,955,173)
	- legal expenses (Philippines)	(1,866,103)	(4,503,426)
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investingactivities	(3,953,935)	(7,960,796)

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	-	-
3.4	Transaction costs related to issues ofshares, convertible notes or options	(4,641)	(15,049)
3.5	Proceeds from borrowings	2,500,000	2,500,000
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related to loans andborrowings	-	-
3.8	Dividends paid	-	-
3.9	Other – lease liability payment	(52,146)	(117,844)
3.10	Net cash from / (used in) financingactivities	2,443,213	2,367,107

	Consolidated statement of cash flows	Current quarter$US	Year to date(twelve months)$US
4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	6,749,121	16,469,474
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(1,429,436)	(6,684,234)
4.3	Net cash from / (used in) investingactivities (item 2.6 above)	(3,953,935)	(7,960,796)
4.4	Net cash from / (used in) financingactivities (item 3.10 above)	2,443,213	2,367,107
4.5	Effect of movement in exchange rates oncash held	5,407	(377,181)
4.6	Cash and cash equivalents at end ofperiod 1	3,814,370	3,814,370

1The above cash and cash equivalents does not include funds held on trust of $0.87 million, cash available to the Philippines associates of $0.17 million and a receivable of $0.30 million due in the next quarter.

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$US	Previous quarter$US
5.1	Bank balances	3,814,370	6,749,121
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	3,814,370	6,749,121

6.	Payments to directors of the entityand theirassociates	Current quarter$US
6.1Aggregate amount of payments to these parties included initem 1.2		160,617
6.2Aggregate amount of cash flow from loans to these partiesincluded in item 2.3		-
6.3	Include below any explanation necessary to understand the transactions included initems 6.1 and 6.2
	Payment of salaries and fees.
7.	Payments to related entities of the entity and theirassociates	Current quarter$US
7.1	Aggregate amount of payments to these parties included in	-

• 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$US	Amount drawn atquarter end$US
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.

item 1.2

9.	Estimated cash outflows for next quarter	$US
9.1	Exploration and evaluation	210,000
9.2	Development	-
9.3	Production	-
9.4	Staff costs	290,000
9.5	Administration and corporate costs	210,000
	- business development	300,000
	- legal	250,000
	- costs of associated entities in the Philippines	300,000
9.6	Other	-
9.7	Total estimated cash outflows	1,560,000

10.	Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	Interest atbeginning ofquarter	Interestat end ofquarter
10.1	Interests in miningtenements andpetroleum tenementslapsed, relinquishedor reduced	-	-	-	-
10.2	Interests in miningtenements andpetroleum tenementsacquired or increased	-	-	-	-

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: 31 January 2020 (Company secretary)

Print name: Ryan Eadie

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.