WEEBIT NANO LTD — Interim / Quarterly Report 2015

Nov 2, 2014

Cashflow Report –September 2014 Quarter

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ACN 146 455 576

ASX Release

31 October 2014

Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904

P + 61 8 9389 9919 F + 61 8 6389 0576 E info@radariron.com.au W www.radariron.com.au

Contact:

Jonathan Lea Managing Director E jlea@radariron.com.au

Damon Sweeny Company Secretary E damon@ampereltd.com.au

Directors:

Alan Tough - Chairman Jonathan Lea - Managing Director Ananda Kathiravelu - Non-Executive David Sourbutts - Non-Executive

Issued Capital:

132,248,630 Ordinary Shares 5,000,000 Unlisted Options

ASX Code: RAD (Fully Paid Ordinary Shares)

Radar Iron Ltd (‘Radar’, ‘Company’, ASX: RAD) refers to its Appendix 5b (below) whereby it foreshadows operating expenditures for the December 2014 quarter exceeding its reported cash balance.

Radar confirms that it has sufficient cash and other sources of funds to fund its ongoing activities, although it may be possible to infer the contrary from the standard information provided in the Appendix 5B. Other factors that should be taken into account in assessing the Company’s position are discussed in full in the Activity Report for the period. In summary;

• a placement of 26.1m shares raising approximately $0.91M, completed in late October, and;

• a fully underwritten one for one non-renounceable rights issue to raise approximately $4.6M is expected to be completed in mid-December, 2014.

Proceeds from the placement and rights issue will fund the $2.9 million in remaining payment obligations for the acquisition of the Yerecoin Project, progress technical studies on Yerecoin to a decision to mine, complete initial drill testing for the Uruara Project in Brazil and provide working capital.

The Company expects to continue to have future negative cash flows for the foreseeable future as is normal for a resource company conducting exploration and development activities.

The Company is in compliance with the listing rules, and in particular, listing rule 3.1.

Having given consideration to the composition of the balance sheet, relative size of liabilities to assets and access to funds the Company confirms that it is in compliance with listing rule 12.2, for the reasons as outlined above, and further that the Company:

• (a) has sufficient financial resources in cash and receivables to meet its current activities;

• (b) has reasonable expectation that it will be able to fund its planned future activities; and

• (c) will pursue access to further funding, should there be a requirement.

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Damon Sweeny Company Secretary

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Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining 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

Name of entity

RADAR IRON LTD

	ABN 15 146 455 576 Consolidated statement of cash flows	ABN 15 146 455 576 Consolidated statement of cash flows	Quarter ended (“current quarter”)	Quarter ended (“current quarter”)
			30 September 2014
				Year to date $A’000 (74) - - (74) - 1 - - - (147) - - - - - - - - - - (147)
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows		Current quarter $A’000		Year to date $A’000
		(74) - - (74) - 1 - - -		(74) - - (74) - 1 - - -
		(147)		(147)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - - - - - - - -		- - - - - - - - -
		-		-
		(147)		(147)

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(147)	(147)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	268 - - (30) - -	268 - - (30) - -
	238	238
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	91 15	91 15
	106	106

Payments to directors of the entity and associates of the directors Payments to 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 57 NIL 1.24 Aggregate amount of loans to the parties included in item 1.10

1.25 Explanation necessary for an understanding of the transactions

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available Amount used $A’000 $A’000

• 3.1 Loan facilities 3.2 Credit standby arrangements

• See chapter 19 for defined terms.

Appendix 5B Page 2

17/12/2010

Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	440
	-
	-
	185
Total	625

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	106	15
Total: cash at end of quarter(item 1.22)	106	15

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy-backs	106,148,630	106,148,630
	7,608,560	7,608,560
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured,converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	5,000,000	-	Exercise price 5 cents	Expiry date 2 Sep 2018
	300,000	-	45 cents	31 July 2014
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 4

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Appendix 5B Mining exploration entity quarterly report

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 give a true and fair view of the matters disclosed.

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Sign here: ............................................................ (Company secretary)

Date: 30 October 2014

Print name: Damon Sweeny

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 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, 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.

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 5