STREAMPLAY STUDIO LIMITED — Interim / Quarterly Report 2016

Jan 24, 2017

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ABN 31 004 766 376
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DECEMBER 2016 QUARTERLY ACTIVITIES & CASHFLOW REPORT

Release Date: 25 January, 2017

The Directors of Arrowhead Resources Limited ( Arrowhead or the Company ), provide the following Activities and Cash Flow Report for the December 2016 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 December quarter was $144k (September Quarter $150k) comprising a mix of project evaluation and administration expenses. The closing cash position was $673k. Please refer to the attached Appendix 5B for further detail.

The Company completed the rationalisation of its share register by offering shareholders with a holding equating to less than a marketable parcel an opportunity to sell their shares without brokerage costs. This process has resulted in a significant reduction in the number of shareholders (from 1050 down to 350) with follow‐on savings for the Company in terms of postage and printing costs.

The Company’s Annual General Meeting was held in Perth on 30 November 2016 with all resolutions passed by shareholders.

2 PROJECT GENERATION

The Company is continuing its review of mining and non‐mining business opportunities and several assessments are in progress, however the Board has not yet identified any projects that meet its criteria and has not committed to any transactions.

3 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 December quarter the Company continued working with Clifford Chance to build up the legal case and secure an arbitration funding agreement. Whilst there is a strong sense of optimism within the Company that this funding process will be successful, there is no certainty of a positive outcome.

PO Box 2277 e: info@arrowheadresources.com.au Marmion WA 6020 w: www.arrowheadresources.com.au Australia

Suite 2, 28 Southside Drive Hillarys WA 6025 Australia t: +61 8 6102 2609

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

+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

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ABN

31 004 766 376

Quarter ended (“current quarter”)

31 December 2016

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(..6...months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a) exploration & evaluation	(80)	(146)
	(b) development
	(c) production
	(d) staff costs
	(e) administration and corporate costs	(64)	(154)
1.3	Dividends received (see note 3)
1.4	Interest received	4	10
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	(140)	(290)
	activities
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

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(..6...months)
			$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) 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 and
	borrowings
3.8	Dividends paid
3.9	Other (provide details if material)
3.10	Net cash from / (used in) financing	-	-
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period	813	963
4.2	Net cash from / (used in) operating	(140)	(290)
	activities (item 1.9 above)
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	-	-
	cash held
4.6	Cash and cash equivalents at end of	673	673
	period

• See chapter 19 for defined terms 1 September 2016

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

5.	Reconciliation of cash and cash	Current quarter	Current quarter	Previous quarter
	equivalents	$A’000		$A’000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances		123	163
5.2	Call deposits		550	650
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of		673	813
	quarter (should equal item 4.6 above)
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	47
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

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

7. Payments to related entities of the entity and their Current quarter associates $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 - in item 2.3

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• 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

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

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

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9. Estimated cash outflows for next quarter $A’000 9.1 Exploration and evaluation 50 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 100

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10. Changes in Tenement Nature of interest Interest at Interest
tenements reference beginning at end of
(items 2.1(b) and and of quarter quarter
2.2(b) above) location
10.1 Interests in mining
tenements and
petroleum tenements
lapsed, relinquished
or reduced
10.2 Interests in mining
tenements and
petroleum tenements
acquired or increased
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• See chapter 19 for defined terms 1 September 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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: 25 January 2017 ( ~~Director/C~~ ompany 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.

2. 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.

3. 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.

4. See chapter 19 for defined terms 1 September 2016

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