STREAMPLAY STUDIO LIMITED — Interim / Quarterly Report 2016

Jul 27, 2016

ABN 31 004 766 376

JUNE 2016 QUARTERLY ACTIVITIES & CASHFLOW REPORT

Release Date: 28 July, 2016

The Directors of Arrowhead Resources Limited (Arrowhead or the Company), provide the following Activities and Cash Flow Report for the June 2016 quarter.

1 COMMENTARY

The Company is focused on securing a new project opportunity. It has an active identification and assessment process underway, with several interesting opportunities on the "work in progress" list, though no suitable opportunities have been advanced to date. Certainly there is a sense that the market sentiment for resources, other than lithium, has improved (lithium staying strong) in line with more sustained rallies in the USD gold price and the base metals complex. The improved capital market sentiment has also presented Arrowhead with non-resources investment opportunities possibly via trade sales or mergers. The key issues for the Board are the financial performance and growth forecasts for those opportunities and how that might translate into value for Arrowhead shareholders.

Arrowhead has continued to pursue its claims against the Government of Egypt on two fronts: building up its legal file and funding support through litigation funding and specialist international legal firms; and seeking to possibly resolve the dispute issues by a joint development proposal as the Government appears to struggle to gain any other third party investor interest.

2 CORPORATE

During the quarter the Company continued to contain costs further to preserve cash whilst undertaking an active process of identifying and assessing new project and business opportunities.

Total operating expenditure for the June quarter was $105k (March Quarter $163k) comprising a mix of exploration/evaluation and administration expenses. The closing cash position was $0.96 million. Please refer to the attached Appendix 5B for further detail.

3 PROJECT GENERATION

The Company and its consultants have continued to review potential project investments during the quarter. Recently completed and ongoing assessments include several large-scale advanced copper projects, as well as earlier stage projects prospective for gold, tantalum and lithium. The Company also continues to be open to non-mining businesses and is continuing to assess several opportunities in the agribusiness and technology sectors. It is important to note that at this time whilst several assessments are in progress, the Board has not yet identified any projects that meet its criteria and has not committed to any transactions.

4 EXPLORATION PROJECTS

Arrowhead has legal claims for compensation against the Government of Egypt for expropriation, or measures tantamount to expropriation, of its interests in the large scale Abu Dabbab Tantalum-Tin-Feldspar Project, on which it has spent in excess of US$30 million up to early 2015. Arrowhead's holding was through the 50% ownership of the Egyptian registered company, Tantalum Egypt JSC. Arrowhead's other legal claims

against the Government of Egypt include claims for breach of the rules of good faith, transparency and nondiscrimination.

During the June quarter the Company continued to work with a major international law firm to prepare its claims against the Government of Egypt. Interestingly, the Company notes recent Egyptian press (Al Bawabeh News) accusing the head of the Egyptian Minerals Authority, Mr Omar Taimaa of "destroying" the mining sector and creating international disputes that are costly to the country. The piece cites Tantalum Egypt as one of several examples – which is consistent with the Company's view of having been forced from the project.

To support its legal action the Company has received an informal litigation funding offer to support the initial action and is now looking to augment that offer with the support of legal experts in the field of international law and arbitration.

Notwithstanding those efforts, the Company has recently received information that the Government of Egypt plans to tender the Abu Dabbab Project internationally. Arrowhead holds all of the detailed technical data and is facilitating discussions with interested parties to examine a joint proposal which would benefit Egypt by removing the "overhanging legal dispute" and focus on potential development plans; but at no further cost to Arrowhead shareholders.

Michael Rosenstreich

Chairman

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

	Arrowhead Resources Limited
ABN		Quarter ended ("current quarter")
	31 004 766 376	30 June 2016
	Consolidated statement of cash flows
	Cash flows related to operating activities	Current quarter$A'000	Year to date (12 months)$A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development(c) production(d) administration	(25)--(86)	(70)--(525)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	6	10
1.5	Interest and other costs of finance paid	-	(4)
1.6	Income taxes paid
1.7	Other	-	-
	Net Operating Cash Flows	(105)	(589)
1.81.9	Cash flows related to investing activitiesPayment for purchases of: (a) prospects(b) equity investments(c) other fixed assetsProceeds from sale of:(a) prospects(b) equity investments	-	-
1.10	(c) other fixed assetsLoans to other entities	-	15
1.11	Loans repaid by other entities
1.12	Other (provide details if material)
	Net investing cash flows	-	15
1.13	Total operating and investing cash flows	(105)	(574)
1.14	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.	-	1,715
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	81
1.17	Repayment of borrowings	-	(100)
1.18	Dividends paid	-	-
1.19	Other	-	(167)
	Net financing cash flows (carried forward)	-	1,529

Name of entity

	Net financing cash flows (brought forward)	-	1,529
	Net increase (decrease) in cash held	(105)	955
1.20	Cash at beginning of quarter/year to date	1,069	9
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	964	964

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	40
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil
1.25	Explanation necessary for an understanding of the transactions

Payments of consulting fees and director fees to directors and director related entities.

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

None

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

None

Financing facilities available

		Amount available	Amount used
		$A'000	$A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	25
4.2	Development	-
4.3	Production	-
4.4	Administration	111
	Total	136

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in theconsolidated statement of cash flows) to the related items in theaccounts is as follows.		Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	214	319
5.2	Deposits at call	750	750
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	964	1,069

Changes in interests in mining tenements and petroleum tenements

		Tenement	Nature of	Interest at	Interest at end of
		reference and	interest	beginning of	quarter
		location	(note (2))	quarter
6.1	Interests in mining tenementsand petroleum tenementsrelinquished, reduced or lapsed
6.2	Interests in mining tenementsand petroleum tenementsacquired or increased
	Issued and quoted securities at end of current quarter
		Total number	Number quoted	Issue price persecurity (see note3) (cents)	Amount paid upper security (seenote 3) (cents)
7.1	Preference +securities

7.1	Preference +securities(description)
7.2	Changes during quarter(a) Increases through issues(b) Decreases through returnsof capital, buy-backs,redemptions
7.3	+Ordinary securities	223,368,146	223,368,146
7.4	Changes during quarter(a) Increases through issues(b) Decreases through returnsof capital, buy-backs
7.5	+Convertible debt securities(description)
7.6	Changes during quarter(a) Increases through issues(b) Decreases throughsecurities matured, converted
7.7	Options	-	-	Exercise price	Expiry date
7.8	Issued during quarter
7.9	Exercised during quarter
7.10	Expired during quarter
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Secretary: R Caren Date: 28 July 2016

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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
• 4 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.
• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.