ZEUS RESOURCES LIMITED — Interim / Quarterly Report 2019

Oct 29, 2019

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

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ZEUS RESOURCES LIMITED
ABN Quarter ended (“current quarter”)
70 139 183 190 30 September 2019
Consolidated statement of cash flows Current quarter Year to date
$A’000
(3 months)
$A’000
1. Cash flows from operating activities
1.1 Receipts from customers
1.2 Payments for
(a) exploration & evaluation (40) (40)
(b) development
(c) production
(d) staff costs
(e) administration and corporate costs (87) (87)
1.3 Dividends received (see note 3)
1.4 Interest received 4 4
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 activities (123) (123)
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
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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
Name of entity
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 1,510 1,510
4.2 Net cash from / (used in) operating activities (123) (123)
(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 period 1,387 1,387
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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 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 29 60
5.2 Call deposits 1,358 1,450
5.3 Bank overdrafts
5.4 Other (provide details)
5.5 Cash and cash equivalents at end of quarter 1,387 1,510
(should equal item 4.6 above)
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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 4
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
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Directors Fees quarter paid March to June $4,125

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7. Payments to related entities of the entity and their associates Current quarter
$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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8. 8.1 8.2 8.3 8.4	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 Loan facilities - -
	Credit standby arrangements - - Other (please specify) - - 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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• 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
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 (80)
9.6 Other (provide details if material)
9.7 Total estimated cash outflows (130)
10. Changes in Tenement Nature of interest Interest at Interest at
tenements reference and beginning of end of
(items 2.1(b) and location quarter quarter
2.2(b) above)
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.

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Sign here: (Director/Company secretary) Date: 25 October 2019

Print name: Anthony Harris

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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