WESTERN YILGARN NL — Interim / Quarterly Report 2017

Jul 27, 2017

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

Pacific Bauxite Limited ABN Quarter ended (“current quarter”) 62 112 914 459 30 June 2017

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Current quarter	Year to date
		$A’000		(12 months)
				$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers – Recharging
	expenses to Director related entity.		3	12
1.2	Payments for
	(a) exploration & evaluation		(201)	(536)
	(b) development		-	-
	(c) production		-	-
	(d) staff costs - Including Directors fees		(115)	(378)
	(e) administration and corporate costs		(102)	(367)
1.3	Dividends received (see note 3)		-	-
1.4	Interest received		4	9
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		(411)	(1,260)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment		(5)	(7)
	(b) tenements (see item 10)		-	-
	(c) investments		-	-

• 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	Consolidated statement of cash flows	Current quarter	Current quarter	Year to date
		$A’000		(12 months)
				$A’000
	(d) other non-current assets		-	-
2.2	Proceeds from the disposal of:
	(a) property, plant and equipment		-	2
	(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- receipt from restructured payment		-	50
	terms of Golden Camel project
2.6	Net cash from / (used in) investing		(5)	45
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares		780	780
3.2	Proceeds from issue of convertible notes		-	-
3.3	Proceeds from exercise of share options		-	-
3.4	Transaction costs related to issues of		(36)	(36)
	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		744	744
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period		127	926
4.2	Net cash from / (used in) operating		(411)	(1,260)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities		(5)	45
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities		744	744
	(item 3.10 above)

• See chapter 19 for defined terms 1 September 2016

Page 2

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	(12 months)
			$A’000
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	455	455
	period
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	204	25
5.2	Call deposits	251	102
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	455	127
	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		87
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

Directors fees, consultancy fees, legal fees and superannuation paid to directors or their associated 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

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

N/A

• See chapter 19 for defined terms 1 September 2016

Page 3

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.

N/A

9.	Estimated cash outflows for next quarter	$A’000
9.1	Exploration and evaluation		200
9.2	Development		-
9.3	Production		-
9.4	Staff costs		101
9.5	Administration and corporate costs		75
9.6	Other (provide details if material)		-
9.7	Total estimated cash outflows		376

10.	Changes in	Tenement	Nature of interest	Interest at	Interest at
	tenements	reference		beginning	end of
	(items 2.1(b) and	and location		of quarter	quarter
	2.2(b) above)
10.1	Interests in mining	EL5540	Granted Exploration	100%	0%
	tenements and	Victoria	tenement surrendered
	petroleum tenements lapsed, relinquished	Australia	during the quarter
	or reduced
10.2	Interests in mining	SW New	Application	0%	0%
	tenements and	Georgia
	petroleum tenements	Tenement
	acquired or increased	Solomon
		Islands

• See chapter 19 for defined terms 1 September 2016

Page 4

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.

==> picture [158 x 61] intentionally omitted <==

Sign here: ............................................................ Date: 28 July 2017 Company secretary

Print name: Suraj Sanghani

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

Page 5