STREAMPLAY STUDIO LIMITED — Interim / Quarterly Report 2016

Apr 28, 2016

ABN 31 004 766 376

MARCH 2016 QUARTERLY ACTIVITIES & CASHFLOW REPORT

Release Date: 29 April, 2016

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

1 COMMENTARY

The Company is focused on securing a new project opportunity. It has an active and prudent identification and assessment process underway, though no suitable opportunities have been advanced to date. As well, management is pursuing Arrowhead's claims against the Government of Egypt though mindful of its priority of new project assessments and conserving its cash resources.

The Board is appreciative of the recent support from shareholders in approving the ratification of shares issued via placements in late 2015.

2 CORPORATE

During the quarter the Company had very modest expenditure in line with its stated aim of cash preservation whilst seeking new opportunities. A General Meeting of Shareholders was held on 31 March 2016 to approve the previous share issues via placement completed late in 2015.

2.1 Financial Position

Total operating expenditure for the March quarter was $163k comprising a mix of exploration and administration expenses. The closing cash position was $1.07 million. Please refer to the attached Appendix 5B for further detail.

2.2 Other Corporate Matters

On 31 March, 2016 Arrowhead shareholders ratified the issue of 28.63 million shares via a placement on 11 December, 2015. On that date the Company also issued 3.88 million shares as the final settlement of any unresolved matters arising from the restructure of the Company and its Board through 2015.

During the quarter the Company appointed a new auditor, HLB Mann Judd, and a new share registry, Automic Registry Services.

A new website has also been created to reflect the change of name to Arrowhead Resources Limited. The details are;

W: www.arrowheadresources.com.au

E: info@arrowheadresources.com.au

3 PROJECT GENERATION

The Company and its consultants have continued to review potential project investments during the quarter. Assessments have included gold, base metals and lithium opportunities in the resources sector and several technology and agribusiness investments. However, at this point the Board has not identified any projects that meet its criteria and has not committed to any transactions.

4 EXPLORATION

During the quarter the Company continued discussions with a series of litigation funding groups, several of whom are undertaking due diligence. Arrowhead is seeking financial support to pursue its 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.

Michael Rosenstreich

Chairman

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

	Arrowhead ResourcesLimited
ABN		Quarter ended ("current quarter")
31 004 766 376		31 March2016
	Consolidated statement of cash flows
	Cash flows related to operating activities	Current quarter$A'000	Year to date (9 months)$A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development(c) production*(d) administration	(24)--(142)	(45)--(439)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	3	4
1.5	Interest and other costs of finance paid	-	(4)
1.6	Income taxes paid
1.7	Other	-	-
	Net Operating Cash Flows	(163)	(484)
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	(163)	(469)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	1,715
1.15	Proceeds from sale of forfeited shares	-	-
1.161.17	Proceeds from borrowingsRepayment of borrowings	-	81
1.18	Dividends paid	-	(100)
1.19	Other	-(9)	-(167)
		(9)	1,529
	Net financing cash flows (carried forward)

Name of entity

	Net financing cash flows (brought forward)	(9)	1,529
	Net increase (decrease) in cash held	(172)	1,060
1.20	Cash at beginning of quarter/year to date	1,241	9
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	1,069	1,069

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	49
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

Payables totalling $70,000 were satisfied by the issue of 3,888,889 ordinary shares in the Company.

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

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	18
4.2	Development	-
4.3	Production	-
4.4	Administration	72
	Total	90

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	319	1,241
5.2	Deposits at call	750	-
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	1,069	1,241

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(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	3,888,889	3,888,889
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: 29 April 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.