STREAMPLAY STUDIO LIMITED — Interim / Quarterly Report 2017

Apr 26, 2017

ABN 31 004 766 376

MARCH 2017 QUARTERLY ACTIVITIES & CASHFLOW REPORT

Release Date: 27 April, 2017

The Directors of Arrowhead Resources Limited (Arrowhead or the Company), provide the following Activities and Cash Flow Report for the March 2017 quarter.

1 CORPORATE

During the quarter the Company continued to maintain a tight cost structure to preserve cash whilst undertaking an active process of identifying and assessing new project and business opportunities.

Total operating expenditure for the March quarter was $66k (December quarter $144k) comprising a mix of project evaluation and administration expenses. The closing cash position was $607k. Please refer to the attached Appendix 5B for further detail.

During the quarter the company undertook significant evaluation and due diligence of a non‐mining acquisition opportunity introduced by CPS Capital Group under its corporate advisory mandate with Arrowhead. Negotiations had progressed to a more advanced stage requiring review and consents from ASX resulting in the trading halt and subsequent suspension of trading from the 4 April, 2017.

There is no certainty that a transaction will proceed but all parties are working constructively together and with ASX to expedite the process, hopefully to a positive outcome.

Mr Michael Rosenstreich has indicated to the Board his intention to resign as a Director on resolution or completion of this particular transaction.

The Company completed and lodged the Half Yearly financial report on 28 February, 2017.

2 EGYPT

The Company is confident that it has legal claims for compensation against the Government of Egypt for expropriation, or measures tantamount to expropriation, of its interests in Egypt, including the Abu Dabbab Tantalum‐Tin‐Feldspar Project, on which it had spent approximately US$30 million up to early 2015. The Company is also confident that it has other legal claims against the Government of Egypt, including claims for violation of Egypt's obligations of good faith, transparency and non‐discrimination.

During the March quarter the Company continued working with Clifford Chance to build up the legal case and secure an arbitration funding agreement. Whilst this is a slow process, there is a strong sense of optimism within the Company that this funding process will be successful, however, there is no certainty that it will be or, if it is, that the Company will receive a positive outcome to any subsequent legal case.

Attachment – Appendix 5B

‐‐‐ENDS‐‐‐

+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

Arrowhead Resources Limited

31 004 766 376 31 March 2017

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows		Current quarter$A'000	Year to date(9months)$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a)exploration & evaluation	(26)	(172)
	(b)development
	(c)production
	(d)staff costs
	(e)administration and corporate costs	(44)	(198)
1.3	Dividends received (see note 3)
1.4	Interest received	4	14
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	(66)	(356)

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

• See chapter 19 for defined terms

1 September 2016 Page 1

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

Consolidated statement of cash flows		Current quarter$A'000	Year to date(9months)$A'000
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
2.4	Dividends received (see note 3)
2.5	Other (provide details if material)
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 to issues ofshares, 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 (provide details if material)
3.10	Net cash from / (used in) financingactivities

4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	673	963
4.2	Net cash from / (used in) operatingactivities (item 1.9 above)	(66)	(356)
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 oncash held	-	-
4.6	Cash and cash equivalents at end ofperiod	607	607

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	257	123
5.2	Call deposits	350	550
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	607	673

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	37
6.2	Aggregate amount of cash flow from loans to these parties includedin item 2.3	-

6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

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

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

Current quarter$A'000
	-

8.	Financingfacilities availableAdd notes as necessary for anunderstanding of the position	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	80
9.2	Development
9.3	Production
9.4	Staff costs
9.5	Administration and corporate costs	50
9.6	Other (provide details if material)
9.7	Total estimated cash outflows	130

10.	Changes intenements(items 2.1(b) and2.2(b) above)	Tenementreferenceandlocation	Nature of interest	Interest atbeginningof quarter	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: 27 April 2017

(Director/Company secretary)

Print name: Rowan Caren

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.