RTG Mining Inc. — Interim / Quarterly Report 2018

Oct 30, 2018

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	30 September 2018

Consolidated statement of cash flows		Current quarter	Year to date(nine months)
		$US	$US
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a)exploration and evaluation	-	-
	(b)development	-	-
	(c)production	-	-
	(d)staff costs	(325,957)	(962,999)
	(e)administration and corporate costs	(234,597)	(685,843)
	- business development	(764,914)	(2,950,235)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	131,960	134,093
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)	58,825	58,825
1.9	Net cash from / (used in) operatingactivities	(1,134,683)	(4,406,159)
	Cash flows from investing activities
2.
2.1	Payments to acquire:
	(a)property, plant and equipment	-	-
	(b)tenements (see item 10)	-	-

Consolidated statement of cash flows		Current quarter$US	Year to date(nine months)$US
	(c)investments	(500,000)	(500,000)
	(d)other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a)property, plant and equipment	-	-
	(b)tenements (see item 10)	-	-
	(c)investments	-	-
	(d)other non-current assets (maturity ofterm deposit)	14,822,000	-
2.3	Cash flows from loans to other entities	(1,145,821)	(3,896,892)
	- legal expenses (Philippines)	(747,741)	(1,835,875)
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6Net cash from / (used in) investingactivities		(12,428,438)	(6,232,767)

3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	32,903,440
3.2	Proceeds from issue of convertible notes	-	-
3.3	Proceeds from exercise of share options	-	-
3.4	Transaction costs related to issues of(43,400)shares, convertible notes or options		(2,284,395)
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	(2,882,240)	(4,466,285)
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	(2,925,640)	26,152,760

Consolidated statement of cash flows		Current quarter	Year to date(nine months)
		$US	$US
4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	10,820,084	4,123,973
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(1,134,683)	(4,406,159)
4.3	Net cash from / (used in) investingactivities (item 2.6 above)	12,428,438	(6,232,767)
4.4	Net cash from / (used in) financingactivities (item 3.10 above)	(2,925,640)	26,152,760
4.5	Effect of movement in exchange rates oncash held	(479,738)	(929,346)
4.6	Cash and cash equivalents at end ofperiod 1	18,708,461	18,708,461

1The above cash and cash equivalents does not include $2 million plus interest due and outstanding from Thor Explorations Ltd. Total cash and liquid assets at 30 September 2018 was $20.7 million.

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	18,708,461	10,820,084
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)	18,708,461	10,820,084

6.	Payments to directors of the entityand theirassociates	Current quarter$US
6.1	Aggregate amount of payments to these parties included initem 1.2	168,769
6.2	Aggregate 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 their	Current quarter

• 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
• 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$US	quarter end$US

associates

• Amount drawn at quarter end 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.

$US

9.	Estimated cash outflows for next quarter	$US
9.1	Exploration and evaluation	(265,000)
9.2	Development	-
9.3	Production	-
9.4	Staff costs	(270,219)
9.5	Administration and corporate costs	(291,969)
	- business development	(1,282,781)
	- legal	(1,007,707)
	- costs of associated entities in the Philippines	(439,450)
9.6	Other	-
9.7	Total estimated cash outflows	(3,557,126)

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 October 2018 (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.