| Appendix 5B | |
| | |
|
Appendix 5B - Mining exploration entity quarterly report
Appendix 5B
Mining exploration entity quarterly report
Rule 5.3
|
Name of entity
|
|
THOR MINING PLC
|
|
ACN or ARBN
|
Quarter ended ("current quarter")
|
|
121 117 673
|
31 December 2015
|
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current quarter
$A'000
|
Year to date (6 months)
$A'000
|
|
1.1
|
Receipts from product sales and related debtors
|
0
|
0
|
|
1.2
|
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
|
(82)
0
0
(65)
|
(455)
0
0
(397)
|
|
1.3
|
Dividends received
|
0
|
0
|
|
1.4
|
Interest and other items of a similar nature received
|
0
|
0
|
|
1.5
|
Interest and other costs of finance paid
|
(17)
|
(35)
|
|
1.6
|
Income taxes paid
|
0
|
0
|
|
1.7
|
Other (R&D refund)
|
131
|
131
|
|
Net Operating Cash Flows
|
(33)
|
(756)
|
|
Cash flows related to investing activities
|
(210)
0
0
|
(210)
0
0
|
|
1.8
|
Payment for purchases of:(a) prospects
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of: (a) prospects
-
equity investments
-
other fixed assets
|
0
0
0
|
0
0
0
|
|
1.10
|
Loans to other entities
|
0
|
0
|
|
1.11
|
Loans repaid by other entities
|
0
|
0
|
|
1.12
|
Other
|
0
|
0
|
|
Net investing cash flows
|
(210)
|
(210)
|
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(243)
|
(966)
|
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(243)
|
(966)
|
|
Cash flows related to financing activities
|
0
|
880
|
|
1.14
|
Proceeds from issues of shares, options, etc.
(Refer 2.1 and Note 6)
|
|
1.15
|
Proceeds from sale of forfeited shares
|
0
|
0
|
|
1.16
|
Proceeds from borrowings
|
235
|
360
|
|
1.17
|
Repayment of borrowings
|
(61)
|
(359)
|
|
1.18
|
Dividends paid
|
0
|
0
|
|
1.19
|
Other
|
0
|
0
|
|
Net financing cash flows
|
174
|
881
|
|
Net increase (decrease) in cash held
|
(69)
|
(85)
|
|
1.20
|
Cash at beginning of quarter/year to date
|
73
|
89
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
0
|
0
|
|
1.22
|
Cash at end of quarter
|
4
|
4
|
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
|
0
|
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
0
|
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
|
|
Issue of 76,398,285 CDIs in part consideration of 49% of Spring Hill mining tenements. Refer ASX announcement 22 October 2015.
Issue of 356,898,014 CDIs to Directors in payment of outstanding fees, issued at a price of A$0.000835 (0.0835 cents) per CDI, as approved by shareholders on 26 November 2015. The value of the Directors' fees paid by the issue of CDIs was $200,000. In addition, a portion ($98,010) of Michael Billing's consultancy fees for the period 1 September 2014 to 30 September 2015 was also paid by CDIs. Refer ASX announcement 17 December 2015.
|
|
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
|
|
Nil
|
Financing facilities available
Add notes as necessary for an understanding of the position.
|
Amount available
$A'000
|
Amount used
$A'000
|
|
3.1
|
Loan facilities
|
1,478
|
1,478
|
|
3.2
|
Credit standby arrangements
|
0
|
0
|
Estimated cash outflows for next quarter (Note 10)
|
$A'000
|
|
4.1
|
Exploration and evaluation
|
187
|
|
4.2
|
Development
|
0
|
|
4.3
|
Production
|
0
|
|
4.4
|
Administration
|
250
|
|
Total
|
437
|
Reconciliation of cash (refer note 10)
|
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
|
4
|
73
|
|
5.2
|
Deposits at call
|
0
|
0
|
|
5.3
|
Bank overdraft
|
0
|
0
|
|
5.4
|
Other (90 day Term Deposit)
|
0
|
0
|
|
Total: cash at end of quarter (item 1.22)
|
4
|
73
|
Changes in interests in mining tenements
|
Tenement reference
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
|
|
ML23812 EL22957
|
Exploration Tenements (Springhill)
|
51%
|
100%
|
-
Interests in mining tenements relinquished, reduced or lapsed
-
Interests in mining tenements acquired or increased
|
|
|
Thor Mining PLc.
|
|
DEVELOPMENT STAGE |
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CODE : THR.AX |
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ISIN : GB00B1DXJY95 |
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|
| |
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
Thor Mining is a molybdenum and uranium exploration company based in Australia. Thor Mining develops molybdenum, uranium and tungsten in Australia, and holds various exploration projects in Australia. Its main asset in development is MOLYHIL in Australia and its main exploration properties are HATCHES CREEK, DUNDAS, HALE RIVER and HARTS RANGE in Australia. |