S2 RESOURCES LTD — Interim / Quarterly Report 2018

Oct 29, 2018

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity

S2 Resources Ltd

ABN Quarter ended ("current quarter")

18 606 128 090 30 September 2018

Consolidated statement of cash flows		Current quarter$A'000	Year to date(3 months)$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a)exploration & evaluation	(1,203)	(1,203)
	(b)development	-	-
	(c)production	-	-
	(d)staff costs	(472)	(472)
	(e)administration and corporate costs	(246)	(246)
1.3	Dividends received (see note3)	-	-
1.4	Interest received	41	41
1.5	Interest and other costs of finance paid	(2)	(2)
1.6	Income taxes paid	-	-
1.7	Research and development refunds	-	-
1.8	Other	-	-
1.9	Net cash from / (used in) operatingactivities	(1,882)	(1,882)

2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)property, plant and equipment	-	-
	(b)tenements(see item10)	-	-
	(c)investments	-	-

	Consolidated statement of cash flows	Current quarter$A'000	Year to date(3 months)$A'000
	(d)other non-current assets	-	-
2.2	Proceeds from the disposalof:
	(a)property, plant and equipment	-	-
	(b)tenements(see item10)	-	-
	(c)investments–net proceeds	-	-
	(d)other non-current assets	-	-
2.3	Cash flows from loansto other entities	-	-
2.4	Dividends received (see note3)	-	-
2.5	Other	-	-
2.6	Net cash from / (used in) investingactivities	-	-

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 toissues ofshares, convertible notes or options	-	-
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related toloans andborrowings	-	-
3.8	Dividends paid	-	-
3.9	Other–net payments for cash backedguarantees	19	19
3.10	Net cash from / (used in) financingactivities	19	19

4.	Net increase / (decrease) in cash andcash equivalents for the period	(1,863)	(1,863)
4.1	Cash and cash equivalents at beginning ofperiod	15,026	15,026
4.2	Net cash from / (used in) operatingactivities(item1.9 above)	(1,882)	(1,882)

Consolidated statement of cash flows		Current quarter$A'000	Year to date(3 months)$A'000
4.3	Net cash from / (used in) investingactivities(item2.6 above)	-	-
4.4	Net cash from / (used in)financingactivities(item3.10 above)	19	19
4.5	Effect of movement in exchange rates oncash held	117	117
4.6	Cash and cash equivalents at end ofperiod	13,280	13,280

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$A'000	Previous quarter$A'000
5.1	Bank balances	6,280	8,012
5.2	Call deposits	7,000	7,014
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	13,280	15,026

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

6.1 Aggregate amount of payments to these parties included in item 1.2 138

$A'000

• 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

Salaries and fees paid to directors in the quarter including superannuation.

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

N/A

8.	Financingfacilities availableAdd notes as necessary for an understanding of theposition	Total facility amountat quarter end$A'000	Amount drawn atquarter end$A'000
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	$A'000
9.1	Exploration and evaluation	1,806
9.2	Development	-
9.3	Production	-
9.4	Staff costs	460
9.5	Administrationand corporate costs	301
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	2,567

Current quarter$A'000

10.	Changes intenements(items 2.1(b) and2.2(b) above)	Tenement reference andlocation	Nature ofinterest	Interest atbeginningof quarter	Interest atend of quarter
0.1	Interests inminingtenements andpetroleumtenementslapsed,relinquishedorreduced	N/A
10.2	Interests in	Scandinavian Tenements
	miningtenements andpetroleumtenementsacquired or	Finland Exploration
		Licence
		(100% S2)
		Ruopas 1	Application	0%	0%
	increased	Paana Central	Application	0%	0%
		Australian Tenements
		Fraser Range
		E28/2791	Application	0%	0%
		E28/2792	Application	0%	0%
		E28/2793	Application	0%	0%
		E28/2794	Application	0%	0%
		Nevada TenementsEcru (JV with
		Newmont USA Ltd)
		T29N R47E Section 27	Granted Private	0%	Earning 70%
		(All)	Mineral Rights
		T29N R47E Section 33	Granted Private	0%	Earning 70%
		(N1/2, N1/2S1/2)	Mineral Rights

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.

Print name: Anna Neuling

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.