VYSARN LIMITED — Interim / Quarterly Report 2018

Jul 25, 2018

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VYSARN LIMITED QUARTERLY ACTIVITIES REPORT

26 July 2018

Vysarn Limited (ASX: VYS) (the Company) is pleased to provide the following Quarterly Activities Report for the period ended 30 June 2018.

Update

The Directors of Vysarn Limited are conscious of the continuing illiquid nature of the Company’s securities. The Company is currently exploring avenues which may provide a liquidity event in the near term. This development is in its early stages and with no certainty in its outcome. The Directors will keep shareholders informed as the potential outcomes progress in accordance with its continuous disclosure obligations.

In the meantime the Company has limited its expenditure to the minimum required to protect shareholder’s funds as detailed in the accompanying Appendix 5B.

VYS shares remain suspended on ASX.

END

For more information:

Peter Hutchinson Chairman +61 (8) 9486 7244

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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

VYSARN LIMITED

ABN

66 009 144 503

Quarter ended (“current quarter”)

30 June 2018

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Consolidated statement of cash flows Current quarter Year to date
$A’000
(12 months)
$A’000
1. Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for
- -
(a) exploration & evaluation
-
(b) business development (5)
- -
(c) production
(d) staff costs (11) (112)
(e) administration and corporate costs (6) (191)
1.3 Dividends received (see note 3) - -
1.4 Interest received 43 116
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Research and development refunds - 407
1.8 Other – BAS/ Realised Gain 14 30
1.9 Net cash from / (used in) operating 40 245
activities
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2. Cash flows from investing activities
2.1 Payments to acquire:
(a) property, plant and equipment - -
- -
(b) tenements (see item 10)
- -
(c) equity investments
- -
(d) other non-current assets
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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

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Consolidated statement of cash flows Current quarter Year to date
$A’000
(12 months)
$A’000
2.2 Proceeds from the disposal of:
- -
(a) property, plant and equipment
- -
(b) tenements (see item 10)
(c) equity investments - 289
- -
(d) other non-current assets
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other - (15)
2.6 Net cash from / (used in) investing - 274
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 7,372 6,925
4.2 Net cash from / (used in) operating 40 245
activities (item 1.9 above)
4.3 Net cash from / (used in) investing activities - 274
(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 - (32)
cash held
4.6 Cash and cash equivalents at end of 7,412 7,412
period
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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

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5. Reconciliation of cash and cash 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 506 466
5.2 Call deposits 6,906 6,906
5.3 Bank overdrafts - -
5.4 Other - -
5.5 Cash and cash equivalents at end of 7,412 7,372
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 -
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
Nil
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
7.3 Include below any explanation necessary to understand the transactions included in
items 7.1 and 7.2
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Nil

8.	Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter 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.

• 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

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9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation -
9.2 Development -
9.3 Production -
9.4 Staff costs -
9.5 Administration and corporate costs 269
9.6 Other (provide details if material) -
9.7 Total estimated cash outflows 269
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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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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: 26 July 2018 (Company secretary)

Print name: Kyla Garic

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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