RTG Mining Inc. — Interim / Quarterly Report 2015

Jul 23, 2015

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
	RTG Mining Inc
ABN		Quarter ended ("current quarter")
	70 164 362 85030 June 2015
	Consolidatedstatementofcashflows
	Cash flows related to operating activities	Curent quarter	Year to date(six months)
		$US	$US
1.1	Receipts from product sales and relateddebtors	‐	‐
1.2	Payments for(a) exploration & evaluation(b) development(c) production	‐‐‐	(112,431)‐‐
	(d) administration‐ business development	(452,550)(325,680)	(1,008,103)(676,890)
1.3	Dividends received	‐	‐
1.4	Interest and other items of a similar naturereceived	1,229	1,243
1.5	Interest and other costs of finance paid	‐	‐
1.6	Income taxes paid	‐	‐
1.7	Other (provide details if material)	‐	‐
	Net Operating Cash Flows	(777,001)	(1,796,181)
	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	‐	‐
1.101.11	Loans to other entities ‐ associatesLoans repaid by other entities	(1,082,069)‐	(1,853,880)‐
1.12	Other	‐	‐

Net investing cash flows (1,082,069) (1,853,880) 1.13 Total operating and investing cash flows (carried forward) (1,859,070) (3,650,061)

• See chapter 19 for defined terms.

1.13	Total operating and investing cash flows
	(brought forward)	(1,859,070)	(3,650,061)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	2,855,794	11,762,802
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 (share issue costs)	(192,082)	(954,082)
	Net financing cash flows	2,663,713	10,808,721
	Net increase (decrease) in cash held	804,642	7,158,659
1.20	Cash at beginning of quarter/year to date	8,580,477	2,394,974
1.21	Exchange rate adjustments to item 1.20	120,279	(48,235)
1.22	Cash at end of quarter	9,505,398	9,505,398

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

		Curent quarter$US
1.23	Aggregate amount of payments to the parties included in item 1.2	186,986
1.24	Aggregate amount of loans to the parties included in item 1.10	‐

1.25 Explanation necessary for an understanding of the transactions

Payment of salaries and fees

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

none

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

The joint venture partner at the Mabilo Project is earning up to a 42% interest in the project by contributing to exploration and drilling and management services.

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available	Amount used
		$US	$US
3.1	Loan facilities
		‐	‐
3.2	Credit standby arrangements
		‐	‐

Estimated cash outflows for next quarter

		$US
4.1	Exploration and evaluation	1,320,000
4.2	Development
4.3	Production
4.4	Administration:
	Business Development	170,419
	General	605,581
		2,096,000
	Total

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows.	Curent quarter$US	Previous quarter$US
5.1	Cash on hand and at bank	9,505,398	8,580,477
5.2	Deposits at call	‐	‐
5.3	Bank overdraft	‐	‐
5.4	Other (provide details)	‐	‐
	Total: cash at end of quarter (item 1.22)	9,505,398	8,580,477

+ See chapter 19 for defined terms.

Changesin	interestsin	mining	tenementsand	petroleum	tenements

		Tenementreference andlocation	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed	‐	‐	‐	‐
6.2	Interests in miningtenements andpetroleum tenementsacquired or increased	‐	‐	‐	‐

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 (seenote 3) (cents)	Amount paid upper security (seenote 3) (cents)
7.1	Preference
	+securities
	(description)
7.2	Changes during
	quarter
	(a) Increasesthrough issues
	(b) Decreases
	through returns
	of capital, buy‐
	backs,
	redemptions
7.3	+Ordinary	134,252,237	134,252,237	n/a	n/a
	securities
7.4	Changes duringquarter
	(a) Increases	5,242,628	5,242,628	A$0.68	A$0.68
	through issues	246,376	246,376	C$0.66	C$0.66
	(b) Decreases
	through returns
	of capital, buy‐
	backs
7.5	+Convertible
	debt
	securities
	(description)

+ See chapter 19 for defined terms.

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

7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,
	converted
7.7	Options(description and			Exercise price	Expiry date
	conversionfactor)	8,784,687	8,784,687	CAD 1.50	4 June 2017
7.8	Issued duringquarter
7.9	Exercisedduring quarter
7.10	Expired duringquarter
7.11	Debentures(totals only)
7.12	Unsecurednotes (totalsonly)

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 give a true and fair view of the matters disclosed.

Sign here: _/s/ Nicholas Day_ Date: 24/7/2015 (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

+ See chapter 19 for defined terms.

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.