RTG Mining Inc. — Interim / Quarterly Report 2018

Apr 29, 2018

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity

RTG Mining Inc.

70 164 362 850 31 March 2018

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows		Current quarter$US	Year to date(three months)$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	(324,496)	(324,496)
	(e)administration and corporate costs	(146,109)	(146,109)
	- business development	(1,161,696)	(1,161,696)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	1,199	1,199
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	(1,631,102)	(1,631,102)
	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	Year to date
		$US	(three months)$US
	(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	-	-
	(d)other non-current assets	-	-
2.3	Cash flows from loans to other entities	(1,205,757)	(1,205,757)
	- legal expenses (Philippines)	(520,299)	(520,299)
2.4Dividends received (see note 3)		-	-
2.5Other (provide details if material)		-	-
2.6Net cash from / (used in) investingactivities		(1,726,056)	(1,726,056)

3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	2,748,079	2,748,079
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	(167,754)	(167,754)
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	2,580,325	2,580,325

Consolidated statement of cash flows		Current quarter	Year to date(three months)
		$US	$US
4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	4,123,973	4,123,973
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(1,631,102)	(1,631,102)
4.3	Net cash from / (used in) investingactivities (item 2.6 above)	(1,726,056)	(1,726,056)
4.4	Net cash from / (used in) financingactivities (item 3.10 above)	2,580,325	2,580,325
4.5	Effect of movement in exchange rates oncash held	30,199	30,199
4.6	Cash and cash equivalents at end ofperiod	3,377,339	3,377,339

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	3,377,339	4,123,973
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)	3,377,339	4,123,973

6. Payments to directors of the entity and their associates Current quarter

• 6.1 Aggregate amount of payments to these parties included in item 1.2
• 6.2 Aggregate amount of cash flow from loans to these parties included in 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.

$US
174,689
-

7. Payments to related entities of the entity and their associates

• 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$US	Amount drawn atquarter end$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	(166,474)
9.2	Development	-
9.3	Production	-
9.4	Staff costs	(305,264)
9.5	Administration and corporate costs	(243,341)
	- share issue costs	(1,951,003)
	- business development	(1,048,107)
	- legal	(493,149)
	- costs of associated entities in the Philippines	(253,216)
9.6	Other – repayment of loan	(1,584,335)
9.7	Total estimated cash outflows	(6,044,889)

Current quarter $US

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: 30 April 2018 (Company secretary) 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.