RTG Mining Inc. — Interim / Quarterly Report 2016

Oct 30, 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, 01/05/13, 01/09/16

Name of entity
RTG Mining Inc.
ABN	Quarter ended ("current quarter")
70 164 362 850	30 September 2016

Consolidated statement of cash flows			Year to date
		Current quarter$US	(nine months)$US
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a)exploration & evaluation	(83,832)	(405,133)
	(b)development	-	-
	(c)production	-	-
	(d)staff costs	(308,700)	(957,655)
	administration and corporate costs #(e)	(744,889)	(1,372,022)
	- business development	(298,573)	(787,142)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	2,622	5,595
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Research and development refunds	207,640	240,831
	- subsidiary FBT refund	-	318
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operatingactivities	(1,225,732)	(3,275,208)

# Includes one off costs in the September QTR for legal costs associated with the recent capital raising, finalisation of the Segilola sale and the resolution of JV issues (approx. $251k).

2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)property, plant and equipment	(269)	(2,433)
	(b)tenements (see item 10)	-	-
	(c)investments	-	-
	(d)other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a)property, plant and equipment	-	-
	(b)tenements (see item 10)	-	-
	(c)investments	1,450,000	1,450,000
	(d)other non-current assets	-	-
2.3	Cash flows from loans to other entities	(1,324,350)	(3,079,070)
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investingactivities	125,381	(1,631,503)

3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	14,955,390	14,955,390
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	(1,286,542)	(1,286,542)
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related to loans andborrowings	-	-
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financingactivities	13,668,848	13,668,848

4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	907,910	4,698,331
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(1,225,732)	(3,275,208)
4.3	Net cash from / (used in) investing activities(item 2.6 above)	125,381	(1,631,503)

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

4.6	Cash and cash equivalents at end ofperiod	13,694,804	13,694,804
4.5	Effect of movement in exchange rates oncash held	218,397	234,336
4.4	Net cash from / (used in) financing activities(item 3.10 above)	13,668,848	13,668,848#

The above cash does not included the US$307K held by associate entities in the Philippines.

5.	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$US	Previous quarter$US
5.1	Bank balances	13,694,804	907,910
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)	13,694,804	907,910

6.	Payments to directors of the entity and their associates	Current quarter$US
6.1	Aggregate amount of payments to these parties included in item 1.2	175,445
6.2	Aggregate amount of cash flow from loans to these parties includedin item 2.3	-

6.3 Include below any explanation necessary to understand the transactions included in items 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 item 1.2	-
7.2	Aggregate amount of cash flow from loans to these parties includedin item 2.3	-
7.3	Include below any explanation necessary to understand the transactions included initems 7.1 and 7.2

8.	Financingfacilities availableAdd notes as necessary for anunderstanding of the position	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.

9.	Estimated cash outflows for next quarter	$US
9.1	Exploration and evaluation	1,308,460
9.2	Development	-
9.3	Production	-
9.4	Staff costs	421,169
9.5	Administration and corporate costs	587,337
	- business development	228,000
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	2,544,966

10.	Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	Interest atbeginningof quarter	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: .............../s/.Nicholas Day.................... Date: .....31/10/2016........... (Company secretary)

Print name: Nick Day

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.