SPARC TECHNOLOGIES LIMITED — Interim / Quarterly Report 2019

Jan 28, 2020

+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

ACACIA COAL LTD (ASX CODE: AJC)

ABN Quarter ended ("current quarter")

13 009 092 068 31 December 2019

		Current quarter$A'000	Year to date(6 months)$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a)exploration and tenement administrationcosts	(65)	(102)
	(b)development	-	-
	(c)production	-	-
	(d)staff costs	-	-
	(e)administration and corporate costs	(67)	(143)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	8	18
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) operating activities	(124)	(227)

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

		Current quarter$A'000	Year to date(6 months)$A'000
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)property, plant and equipment	-	-
	(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	-	-
	(d)other non-current assets	-	-
2.3	Cash flows from loans	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other	-	-
2.6	Net cash from / (used in) investing activities	-	-

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 to issues of shares,convertible notes or options	-
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 – repayment of rental guarantee deposit	-
3.10	Net cash from / (used in) financing activities	-

4.	Net increase / (decrease) in cash and cashequivalents for the period	Current quarter$A'000	Year to date(6 months)$A'000
4.1	Cash and cash equivalents at beginning ofperiod	2,535	2,638
4.2	Net cash from / (used in) operating activities(item 1.9 above)	(124)	(227)
4.3	Net cash from / (used in) investing activities(item 2.6 above)	-	-
4.4	Net cash from / (used in) financing activities(item 3.10 above)	-	-
4.5	Effect of movement in exchange rates on cashheld	-	-
4.6	Cash and cash equivalents at end of period	2,411	2,411

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$A'000	Previous quarter$A'000
5.1	Bank balances	381	513
5.2	Call deposits	2,030	2,022
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of quarter(should equal item 4.6 above)	2,411	2,535

6.	Payments to directors of the entity and their associates	Current quarter$A'000
6.1	Aggregate amount of payments to these parties included in item 1.2	82
6.2	Aggregate amount of cash flow from loans to these parties included initem 2.3	-
6.3	Include below any explanation necessary to understand the transactions included in items 6.1 and6.2
Payments relate to Director's fees and fees for executive services.

7.	Payments to related entities of the entity and their associates	Current quarter$A'000
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 initem 2.3	-
7.3	Include below any explanation necessary to understand the transactions included in items 7.1 and7.2

8.	Financing facilities available	Total facility amount at	Amount drawn at
	Add notes as necessary for an understanding of	quarter end	quarter end

	the position	$A'000	$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	75
9.2	Development	-
9.3	Production	-
9.4	Staff costs	-
9.5	Administration and corporate costs	98
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	173

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

10.	Changes in tenements(items 2.1(b) and 2.2(b)above)	Tenementreferenceandlocation	Nature of interest	Interest atbeginning ofquarter	Interest atend ofquarter
10.1	Interests in miningtenements andpetroleum tenementslapsed, relinquished orreduced	N/A
10.2	Interests in miningtenements andpetroleum tenementsacquired or increased	N/A

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: 29 January 2020 Company Secretary

Print name: Ben Donovan

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.